Grand Rapids, MI Apartment Buildings for Sale

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Belmont, MI Comstock Park, MI Ada, MI

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Updated: Jan 15

Versatile Commercial Building in Grand Rapids

953 Fulton Street E, Grand Rapids, MI 49503

$1,050,000

4,614 sqft · 0.05 AC lot

Prime location in the heart of the Fulton Heights Business District, minutes from downtown Grand Rapids and I‑96.
Versatile commercial building with retail space (market, hair salon) and two remodeled apartments.
Recently renovated with new roof (20‑year warranty), new HVAC, updated plumbing and electrical.
Income potential from retail spaces and apartments.
Brick and stone construction.

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This listing looks promising.

Here's a quick look at some key insights for

953 Fulton Street E, Grand Rapids, MI 49503

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Est. Cap Rate

6.4%
Above avg (5.9%)
Est. NOI

$67K
Annual
Mortgage

$525K
Apr 2022
Property Type

Commercial (General)
Built 1929

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Updated: Jun 15

Five-Unit Apartment Building

623 Cherry Street SE, Grand Rapids, MI 49503

$689,900

0.39 AC lot

5‑unit property built in 1875 with wood siding and forced‑air heating
All units are 1 bedroom/1 bathroom with a total monthly rent of $6,985
Includes multiple bathrooms and bedrooms plus a basement
Offers ample off‑street parking

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Mixed-Use Building with Office Space

20 & 22 Crescent Street NE, Grand Rapids, MI 49501

$1,500,000

0.07 AC lot

Four-story building offers five fully equipped residential units plus flexible main-floor office space with in-unit laundry hookups.

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Mixed-Use Building in Easttown

613 Fuller Avenue SE, Grand Rapids, MI 49506

$489,900

0.26 AC lot

Mixed-use building with apartments and commercial space in Easttown.

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Five-Unit Apartment Building

623 Cherry St SE, Grand Rapids, MI 49503

$689,900

Five 1-bed, 1-bath units with off-street parking, currently generating stated monthly rent.

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Renovated Mixed-Use Building in Fulton

953 Fulton St E, Grand Rapids, MI 49503

$1,050,000

Recently renovated commercial building with retail and apartment spaces.

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Downtown Grand Rapids Mixed-Use Building

20 & 22 Crescent St NE, Grand Rapids, MI 49501

$1,500,000

Four-story mixed-use building in downtown Grand Rapids for sale.

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Mixed-Use Building with Commercial Space

613 Fuller Ave SE, Grand Rapids, MI 49506

$489,900

Mixed-use building in Easttown with apartments and commercial space.

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Grand Rapids Condo with Updates

476 Barkwood Ct, Grand Rapids, MI 49534

$192,500

1,100 sqft

Two-bedroom condo with new deck, water heater, and in-unit laundry.

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Modern Condominium in Alger Heights

2550 Eastern #124, Grand Rapids, MI 49507

$231,000

Income-qualified 2-3 bedroom condominium in Alger Heights.

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Modern Condominium in Alger Heights

2550 Eastern #107, Grand Rapids, MI 49507

$231,000

Income-qualified 2-3 bedroom condo in historic Alger Heights.

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Modern Condominium in Alger Heights

2550 Eastern #105, Grand Rapids, MI 49507

$231,000

1,501 sqft

Income-qualified 2-3 bedroom condo in revitalized historic school building.

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Modern Condominium in Alger Heights

2550 Eastern #120, Grand Rapids, MI 49507

$231,000

Income-qualified 2-3 bedroom condominiums in historic Alger Heights.

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Modern Condominium in Alger Heights

2550 Eastern #106, Grand Rapids, MI 49507

$231,000

Income-qualified 2-3 bedroom condominium in the heart of Alger Heights.

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Based on your search, we've compiled 23 Potential Opportunities for your consideration. Besides 14 Active listings in Grand Rapids, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Seven-Unit Apartment Building

1833 Prairie Parkway SW, Wyoming, MI 49519

$849,900

0.52 AC lot

Unoccupied seven-unit multifamily property for investors looking to renovate and stabilize as a rental asset.

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Wyoming 7-Unit Apartment Building

1833 Prairie Pkwy SW, Wyoming, MI 49519

$849,900

7-unit apartment building in Wyoming with value-add potential.

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Updated Parkside Condominium with Garage

2843 Parkside #14, Jenison, MI 49428

$283,000

Updated 3-bedroom condo with garage, immediate occupancy available.

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Turnkey Condo in Jenison

7373 Pine Grove, Jenison, MI 49428

$245,000

2 bed, 1.5 bath condo with garage and storage.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Land Near Shepherd University

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

$650,000

3.70 AC lot

Prime land near Shepherd University with development potential.

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Asheville Development Opportunity: 5.94 Acres

215 N Bear Creek Road, Asheville, NC 28806

$2,500,000

5.94 AC lot

5.94-acre parcel zoned RM6, ideal for multi-family development.

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Central Business Zoned Development Land

107 HOWARD Street, La Plata, MD 20646

$250,000

0.23 AC lot

Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

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Prime Development Land, Springfield MO

N West Bypass, Springfield, MO 65802

$2,850,000

29.20 AC lot

29.2 acres of retail-zoned land for mixed-use development.

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Off-Market Properties in Grand Rapids, MI

Consider similar Off-Market properties in Grand Rapids, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

Multifamily properties

1 Oakes St, Grand Rapids, MI 49503

Value Estimation by Request

15,556 sqft

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Grand Rapids, MI Apartment Buildings Market Trends and Statistics

Explore 15 apartment buildings for sale in Grand Rapids, MI, showcased through 14 active listings on our real estate platform. These investment opportunities span a total of 7,215 square feet of properties for sale, with an estimated market value of $1,473,500.

Sale prices for two-family homes in Grand Rapids, MI start at $192,500, averaging $491,166, and reaching up to $1,050,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 434K

Population Growth (5Y) +2.4%

Median Household Income $74,271

College Educated 24.5%

High-Yield Neighborhoods for Investment

Identify Grand Rapids submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
49534	$192.5K
49507	$231K
49506	$494.9K
49503	$870K
49504	$995K

Taxes & Financing

Tax Rate (average for all types) 3.15%

Property Tax per SF $44.85 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Kent County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Kent County

Retail

Office

Property Size Breakdown

The majority of commercial real estate listings in Grand Rapids fall within the 10,000 to 25,000 square foot range.

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Grand Rapids, MI Apartment Buildings for Sale

953 Fulton Street E, Grand Rapids, MI 49503

623 Cherry Street SE, Grand Rapids, MI 49503

20 & 22 Crescent Street NE, Grand Rapids, MI 49501

613 Fuller Avenue SE, Grand Rapids, MI 49506

623 Cherry St SE, Grand Rapids, MI 49503

953 Fulton St E, Grand Rapids, MI 49503

20 & 22 Crescent St NE, Grand Rapids, MI 49501

613 Fuller Ave SE, Grand Rapids, MI 49506

476 Barkwood Ct, Grand Rapids, MI 49534

2550 Eastern #124, Grand Rapids, MI 49507

2550 Eastern #107, Grand Rapids, MI 49507

2550 Eastern #105, Grand Rapids, MI 49507

2550 Eastern #120, Grand Rapids, MI 49507

2550 Eastern #106, Grand Rapids, MI 49507

Opportunities in Nearby Cities

1833 Prairie Parkway SW, Wyoming, MI 49519

1833 Prairie Pkwy SW, Wyoming, MI 49519

2843 Parkside #14, Jenison, MI 49428

7373 Pine Grove, Jenison, MI 49428

Potential Development Sites for Consideration

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

215 N Bear Creek Road, Asheville, NC 28806

107 HOWARD Street, La Plata, MD 20646

N West Bypass, Springfield, MO 65802

Off-Market Properties in Grand Rapids, MI

1 Oakes St, Grand Rapids, MI 49503

Grand Rapids, MI Apartment Buildings Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Total CRE Inventory on Market (SF)

Average Property Price per SF

Retail

Office

Property Size Breakdown

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