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    3241 Marshall Ave SE Grand Rapids, MI 49508

    Pending
    For Sale
    $599,900

    MULTI_FAMILY - Grand Rapids, MI

    Lot size:
    0.30 Acres
    Days on Market:
    8
    Last Refresh:
    Dec 8 at 8:06 am

    Property Features for 3241 Marshall Ave SE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Bedroom 5, Bedroom 6, Bedroom 4, Bathroom 4, Bathroom 3, Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 7, Bathroom 2
    Bedrooms
    7
    APN
    411317301009
    Parking
    5
    Parking features
    Driveway
    Basement
    Daylight
    Lot size
    0.30 Acres

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Radiant
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1964
    Number of units
    4
    Building materials
    Brick
    Roof type
    Composition

    VJ Real Estate (616) 485-8138

    Listing agent Vung L Mang (616) 485-8138

    Listing date Dec 1, 2025

    MLS# 25060041 Listing URL

    Copyright © 2025 Montcalm County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Grand Rapids Multifamily Investment Opportunity

    Located in Grand Rapids, MI, this multifamily property at 3241 Marshall Avenue SE is a well-maintained apartment building presenting an investment opportunity. The property features three 2-bedroom, 1-bath units, each renting for $1,300 per month, and one 1-bedroom, 1-bath unit renting for $1,100 per month. One of the 2-bedroom units is currently vacant. All units are occupied on month-to-month leases. Tenants are responsible for their own electric and trash, maximizing net income for the new owner. Recent 2024 upgrades include new roofs on both the main building and garage port, a fully updated Unit # 2, new front and back doors with enhanced security locks, updated electrical systems, updated common hallways, a new coin-operated laundry area, fresh interior and exterior paint, updated landscaping, new mailboxes & exterior security lighting, and a full camera system covering outdoor areas and interior hallways. The building sits on a 0.3-acre lot. This property is suitable for both seasoned investors and first-time multifamily buyers.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.645037
    Latitude
    42.904556

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    FAQs

    What type of property is this?
    Quadplex - Well-maintained four-unit apartment building with recent upgrades.
    Where is this quadplex located?
    The property is located at 3241 Marshall Ave SE Grand Rapids, MI.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: - Income-producing apartment building with immediate cash flow and long-term upside.; - Four units: three 2-bedroom, 1-bath (renting for $1,300/month) and one 1-bedroom, 1-bath (renting for $1,100/month).; - Recent 2024 upgrades including new roofs, updated electrical systems, updated common hallways, new laundry area, fresh paint, updated landscaping, new mailboxes & security lighting, and a full camera system.
    (616) 485-8138
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    3241 Marshall Ave SE Grand Rapids, MI 49508
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3241 Marshall Ave SE Grand Rapids, MI 49508
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