Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    400 Fulton St E Grand Rapids, MI 49503

    Sponsored
    For Sale
    $897,500

    MULTI_FAMILY - Grand Rapids, MI

    Lot size:
    0.36 Acres
    Days on Market:
    128
    Last Refresh:
    Feb 11 at 3:06 am

    Property Features for 400 Fulton St E

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 4, Bedroom 1, Bedroom 5, Bathroom 4, Bedroom 2, Basement, Bedroom 3, Bathroom 2, Bathroom 3, Bathroom 1
    Bedrooms
    5
    APN
    411430328001
    Parking
    5
    Basement
    Walk-Out Access, Full
    Lot size
    0.36 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1902
    Number of units
    2
    Building materials
    Stone, Wood Siding

    We can help!

    Listing Contact
    Nicole L Wright

    Five Star Real Estate (Jenison) (616) 723-2400

    Listing agent Nicole L Wright (616) 299-1814

    Listing date Oct 7, 2025

    MLS# 25051519 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Historic Grand Rapids Multifamily Property

    Located in the Heritage Hill historic district of Grand Rapids, this home, built in 1902, offers character and timeless beauty. Situated on the southeast corner of Fulton and Prospect, it is a short walk to downtown Grand Rapids, including Van Andel Arena, JW Marriott, Amway Grand Plaza, DeVos Place, and medical facilities such as St. Mary's, Trinity Health, Corewell, and MSU. The property offers nearly 4,000 square feet of finished living space. It includes 5+ bedrooms and 4 full baths, two kitchens (main and upper level), and two pantries off the main level kitchen. There are also two laundry rooms (second floor and lower level) and a napping porch on the second floor. The main level features a bedroom (currently used as a mudroom) and a full bath. Architectural details include a grand staircase, soaring ceilings, intricate trim work, original leaded glass, bay windows, pocket doors, and built-in cabinetry. The property also features an extra-large front porch and enclosed rear porch entry, a main floor office/playroom, a dining room with a tray ceiling, and a spacious living room with a fireplace. Upstairs, there are 3 to 4 bedrooms and 2 full baths. The finished third floor was formerly used as an owner's suite, complete with a full bath and walk-in closet. Recognized by the City of Grand Rapids as a legal 2-family property, this home has been used as a single-family residence for the past 15 years. It sits on a 0.36-acre double lot with a fenced-in side yard.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Law Firm Nail Salon Building Supply Daycare Center Gym & Fitness 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
    -85.65989
    Latitude
    42.962706

    Nearby Similar for Sale

    • $799,999
      Pending

      Mixed-Use Block in Grand Rapids

      Seven buildings with apartments, commercial units, and a single-family home.
      1200-1210 White St NW, Grand Rapids, MI 49504
      View Details
    • $930,000
      Pending

      Renovated Two-Unit Home Near Downtown

      Spectacularly renovated two-unit home near Heritage Hill and downtown.
      643 Madison Ave SE, Grand Rapids, MI 49503
      View Details
    • $330,000
      Pending

      Grand Rapids Home with Rental Suite

      Spacious Grand Rapids home with suite and historic charm.
      1019 Calvin Ave SE, Grand Rapids, MI 49506
      View Details
    • New
      $314,999
      0.11 Acres

      Multifamily Property in Grand Rapids

      Multifamily property with two units near downtown Grand Rapids.
      1014 Jennette Ave NW, Grand Rapids, MI 49504
      View Details
    • $2,298,000
      Pending

      Eastown Grand Rapids Liquor Store

      Iconic liquor store with apartment in vibrant Eastown neighborhood.
      1485-1489 Lake Dr SE, Grand Rapids, MI 49506
      View Details
    • $249,900
      Pending

      Grand Rapids Church with Potential

      Spacious church with conversion potential in a desirable location.
      602 Lafayette Ave NE, Grand Rapids, MI 49503
      View Details
    • $439,900
      Pending

      Grand Rapids Multifamily Property

      Multifamily property for sale in Grand Rapids, Michigan.
      1222 Wealthy St SE, Grand Rapids, MI 49506
      View Details
    • New
      $584,900
      8,446 SF

      Versatile Commercial Property, Grand Rapids

      Mixed-use property with strong income potential and flexible business options.
      4000 Remembrance Rd NW, Grand Rapids, MI 49534
      View Details
    • $1,050,000
      4,614 SF

      Versatile Commercial Building in Grand Rapids

      Renovated commercial building with retail and apartment income potential.
      953 Fulton St E, Grand Rapids, MI 49503
      View Details
    • $337,900
      Pending

      Updated Duplex in Grand Rapids

      Modernized two-family home with off-street parking and garage.
      27 Rose St SW, Grand Rapids, MI 49507
      View Details
    • New
      $4,800,000
      31,761 SF

      Evergreen Lake Office & Medical Center

      Office and medical complex near Knapp's Corner corridor.
      3264 N Evergreen Dr NE, Grand Rapids, MI 49525
      View Details
    • $6,500,000
      43,216 SF

      Historic Downtown Grand Rapids Building

      Five-story commercial building with leased space and attached parking.
      120 Ottawa Ave NW, Grand Rapids, MI 49503
      View Details

    FAQs

    What type of property is this?
    Single family property - Spacious, historic multifamily home in Grand Rapids' Heritage Hill district.
    Where is this single family property located?
    The property is located at 400 Fulton St E Grand Rapids, MI.
    What is the asking price?
    The asking price for this property is $897,500.
    What are key features of this property?
    This property features: - Prime location in the heart of Grand Rapids' Heritage Hill, a short walk to downtown attractions, medical facilities, and entertainment venues.; - Spacious historic home with nearly 4,000 sq ft of finished living space, offering **5+ bedrooms and 4 full baths.**; - Unique features including two kitchens, two laundry rooms, original leaded glass, pocket doors, built-in cabinetry, and a grand staircase.
    (616) 299-1814
    Request Owner's contact information
    400 Fulton St E Grand Rapids, MI 49503
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    400 Fulton St E
    Grand Rapids, MI 49503
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    400 Fulton St E Grand Rapids, MI 49503
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Nicole L Wright
    Real Estate License ID: 6501400868
    (616) 299-1814
    Learn more
    Google sign-in failed. Please try again or use another login method.