Multi-unit investment property in Grand Rapids offering solid income-producing potential. This 2 unit building provides an excellent platform for ownership-focused buyers seeking diversified real estate assets. The configuration allows for multiple revenue streams while maintaining a single, manageable property. Positioned in Michigan's second-largest city, this holding delivers both practical utility and long-term appreciation prospects for discerning investors.
Active
Price cut: $15K (9/28)
$280,000
945 Sheridan Ave SW, Grand Rapids, MI 49503
4beds
2baths
992sqft
2 to 4 Units
Built in 1911
-- sqft lot
$275,200 Zestimate®
$282/sqft
$-- HOA
What's special
- 60 days
- 150
- 8
Zillow last checked:
Listing updated:
Listed by:
JJ Lozano 616-422-3077,
Coldwell Banker Woodland Schmidt 616-396-5221,
Daniel C McCrath 616-813-6092,
Coldwell Banker Woodland Schmidt ART Office
Source: MichRIC,MLS#: 26042672
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Forced Air
Cooling
- None
Appliances
- Laundry: None
Features
- Basement: Michigan Basement
Interior area
- Total interior livable area: 992 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Paved
Lot
- Size: 4,791 Square Feet
- Dimensions: 40 x 115
Details
- Parcel number: 411336334021
- Zoning description: Res
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 to 4 Units
Materials
- Vinyl Siding
- Roof: Other
Condition
- New construction: No
- Year built: 1911
Utilities & green energy
- Utilities for property: Electricity Connected
Community & HOA
Location
- Region: Grand Rapids
Financial & listing details
- Price per square foot: $282/sqft
- Tax assessed value: $27,631
- Annual tax amount: $1,427
- Date on market: 8/14/2026
- Listing terms: Cash,Conventional
- Tenant pays: Electricity, Gas
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
$275,200
$261,000 - $289,000
$1,409/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/28/2026 | Price change | $280,000-5.1%$282/sqft |
Source:  MichRIC #26042672 Report a problem | ||
| 9/4/2026 | Price change | $295,000-4.5%$297/sqft |
Source: MichRIC #26042672 Report a problem | ||
| 8/14/2026 | Listed for sale | $309,000+306.6%$311/sqft |
Source: MichRIC #26042672 Report a problem | ||
| 1/11/2006 | Sold | $76,000$77/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $1,427 +6.9% | $93,500 +17.9% |
| 2025 | $1,335 | $79,300 +15.6% |
| 2024 | -- | $68,600 +67.3% |
| 2021 | $1,152 | $41,000 +15.5% |
| 2020 | $1,152 +3.2% | $35,500 +9.9% |
| 2019 | $1,116 | $32,300 +36.9% |
| 2018 | -- | $23,600 +12.4% |
| 2017 | $1,094 | $21,000 +2.9% |
| 2016 | $1,094 | $20,400 |
| 2015 | $1,094 +4.9% | $20,400 -1.9% |
| 2013 | $1,043 | $20,800 -24.9% |
| 2011 | -- | $27,700 -0.7% |
| 2010 | -- | $27,900 -12% |
| 2009 | -- | $31,700 -9.7% |
| 2007 | -- | $35,100 +6.1% |
| 2006 | -- | $33,080 +3.7% |
| 2005 | -- | $31,900 +122.2% |
| 2004 | -- | $14,359 +6.2% |
| 2002 | -- | $13,520 +3.2% |
| 2001 | -- | $13,101 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Roosevelt Park
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