Grand Rapids, MI Apartment Buildings for Sale

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16 properties

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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

Five apartment units, each configured with 1 bedroom and 1 bathroom
0.39‑acre property in Grand Rapids, MI 49503
Off‑street parking available on site
Built in 1875 with wood siding construction
Forced‑air heating system

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Updated: Apr 23

Four-Story Mixed-Use Building

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

$1,350,000

0.07 AC lot

Five residential units in a four‑story building
Main‑floor office area with kitchen and full bathroom
Washer and dryer hookups in the office area
Constructed in 1910 on 0.07 acres
Stucco exterior construction

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Two-Building Apartment Property

522 Michigan Street NE, Grand Rapids, MI 49503

$1,095,000

0.26 AC lot

Eight-unit multifamily property near GVSU, Corewell Health, and Grand Rapids’ Medical Mile.

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Scored against comparables nationwide. These are worth a look.

Cap Rate available after sign in

Est. NOI available after sign in

Local Demand available after sign in

Five-Unit Apartment Building

623 Cherry St SE, Grand Rapids, MI 49503

$689,900

3,017 sqft

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

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Apartment Building with Studio Units

21 Prospect Avenue SE, Grand Rapids, MI 49503

$699,900

0.25 AC lot

Multifamily property with a character-rich primary residence, studio units, and private outdoor access.

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Four-Story Apartment Building with Office

20-22 Crescent Street Northeast, Grand Rapids, MI 49503

$1,350,000

1,000 sqft

Four-story property in downtown Grand Rapids combines residential units with a flexible main-level office area.

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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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Historic Apartment Building Redevelopment

Grand Rapids, MI 49503

Contact for pricing

584,854 sqft 5.15 AC lot

Large-scale urban redevelopment asset with TN-TCC zoning and eligibility for multiple historic and brownfield incentives.

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Iconic West Side Bar Opportunity

741 LEONARD St NW, Grand Rapids, MI 49504

$1,999,999

0.17 AC lot

Iconic bar with apartments and liquor license for sale.

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Four-Story Mixed-Use Property

2022 20 & 22 Crescent St NE, Grand Rapids, MI 49501

$1,350,000

Five residential units accompany a flexible office floor with a kitchen, full bath, and laundry hookups.

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Downtown Grand Rapids Mixed-Use Building

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

$1,350,000

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

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8-Unit Multifamily Property

522 Michigan St NE, Grand Rapids, MI 49503

$1,095,000

Two maintained apartment buildings near Grand Valley State University and Corewell Health with established occupancy and on-site parking.

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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 #106, Grand Rapids, MI 49507

$231,000

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

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Historic Apartment Redevelopment Building

1661 Monroe Ave NW, Grand Rapids, MI 49505

$12,000,000

170,500 sqft

Five-story brick structure with river frontage, exposed timber beams, and potential for high-density residential conversion.

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Based on your search, we've compiled 21 Potential Opportunities for your consideration. Besides 16 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

Opportunities in Nearby Cities

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

14-Unit Brick Apartment Building

1720 Porter St SW, Wyoming, MI 49519

$1,850,000

13,119 sqft

Updated apartments with separate electric metering, on-site laundry, and dedicated resident parking support efficient operations.

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14-Unit Brick Apartment Building

1720 Porter Street SW, Wyoming, MI 49519

$1,850,000

0.72 AC lot

Fourteen apartments include a consistent two-bedroom mix plus one larger three-bedroom unit.

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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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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

Estimated value: by Request

15,556 sqft

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Grand Rapids, MI Apartment Buildings Market Trends and Statistics

Explore 17 apartment buildings for sale in Grand Rapids, MI, showcased through 16 active listings on our real estate platform. These investment opportunities span a total of 760,471 square feet of properties for sale, with an estimated market value of $24,555,199.

Sale prices for two-family homes in Grand Rapids, MI start at $192,500, averaging $1,637,013, and reaching up to $12,000,000 — 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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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
49503	$923.5K
49501	$1.4M
49504	$2M

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

Residential Income

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

623 Cherry Street SE, Grand Rapids, MI 49503

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

522 Michigan Street NE, Grand Rapids, MI 49503

623 Cherry St SE, Grand Rapids, MI 49503

21 Prospect Avenue SE, Grand Rapids, MI 49503

20-22 Crescent Street Northeast, Grand Rapids, MI 49503

476 Barkwood Ct, Grand Rapids, MI 49534

Grand Rapids, MI 49503

741 LEONARD St NW, Grand Rapids, MI 49504

2022 20 & 22 Crescent St NE, Grand Rapids, MI 49501

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

522 Michigan St NE, Grand Rapids, MI 49503

2550 Eastern #124, Grand Rapids, MI 49507

2550 Eastern #107, Grand Rapids, MI 49507

2550 Eastern #106, Grand Rapids, MI 49507

1661 Monroe Ave NW, Grand Rapids, MI 49505

Opportunities in Nearby Cities

1720 Porter St SW, Wyoming, MI 49519

1720 Porter Street SW, Wyoming, MI 49519

2843 Parkside #14, Jenison, MI 49428

7373 Pine Grove, Jenison, MI 49428

Off-Market Properties in Grand Rapids, MI

1 Oakes St, Grand Rapids, MI 49503

Grand Rapids, MI Apartment Buildings Market Trends and Statistics

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Total CRE Inventory on Market (SF)

Average Property Price per SF

Retail

Office

Residential Income

Property Size Breakdown

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