Four-Unit Brick
New
For Sale
$459,900
1054 Ionia Avenue SW, Grand Rapids, MI 49507
Multi Family, Grand Rapids, MI
Property SizeContact for details
Lot Size0.11 Acres
Days on Market5
Property Features for 1054 Ionia Avenue SW
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Res Inc
Bedrooms
8
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 3, Basement, Bedroom 1, Bedroom 3, Bedroom 8, Bathroom 4, Bedroom 7, Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 6, Bedroom 4
Parking
3
Basement
Full
Lot features
Sidewalk
Elementary school district
Grand Rapids
Middle school district
Grand Rapids
High school district
Grand Rapids
Standard status
Active
APN
411336478006
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
N 42 FT OF LOT 26 & S 5 FT OF W 75 FT OF LOT 25* NAEGLE S FOURTH ADDITION
Tax Annual Amount
6239
Legal Description
N 42 FT OF LOT 26 & S 5 FT OF W 75 FT OF LOT 25* NAEGLE S FOURTH ADDITION
Utilities
Utilities
Cable Available
Heating system
Forced Air
Building Details
Year built
1910
Number of units
4
Building materials
Brick
Roof type
Composition
Listing Agency:
Bellabay Realty (North)
(616) 719-1022
Listed By:
Angela J Worth · License #6506048923
(616) 299-3953
Added: Sep 9
Changed: Sep 12
Last Checked: Sep 13 at 4:06AM
MLS# 26047950
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This four-unit quadplex at 1054 Ionia Avenue SW contains four matching two-bedroom, one-bath units. One unit is vacant and can be leased or occupied by the owner, while another is subject to a long-term lease below rents achieved by comparable units in the building. A third unit is assisted through Section 8. The property was built in 1910 and has brick construction, a composition roof, forced-air heating, and a basement. The roof and windows were reported as recently replaced at the time of purchase.
The property is in Grand Rapids, MI 49507, minutes from downtown Grand Rapids. The 0.11-acre site also offers cable availability. The unit configuration creates a consistent layout across the building, with an existing vacancy and varied tenancy arrangements documented in the current property information.
The property is in Grand Rapids, MI 49507, minutes from downtown Grand Rapids. The 0.11-acre site also offers cable availability. The unit configuration creates a consistent layout across the building, with an existing vacancy and varied tenancy arrangements documented in the current property information.
Key Highlights
- Four‑unit quadplex with four matching two‑bedroom, one‑bath layouts
- One vacant unit available for leasing or owner occupancy
- Long‑term lease on one unit is below rents achieved by comparable units in the building
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
754
Businesses Nearby
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Business Placement
Demographics for 49507, MI
38,137
Population
13,773
Households
2.8
Avg Household Size
30
Median Age
27%
College-Educated
78%
High-School Grad
5.5 sq mi
ZIP Area
6,934
Density / Sq Mi
$56,578
Median Household Income
$34,939
Median Earnings
$1,114
Median Rent
$179,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - Brick multifamily property with matching layouts, one vacant unit, and established rental occupancy.
Where is this quadplex located?
The property is located at 1054 Ionia Avenue SW Grand Rapids, MI.
What is the asking price?
The asking price for this property is $459,900.
What are key features of this property?
This property features: Four‑unit quadplex with four matching two‑bedroom, one‑bath layouts; One vacant unit available for leasing or owner occupancy; Long‑term lease on one unit is below rents achieved by comparable units in the building
