661 - 663 Coleman Street SE, Grand Rapids, MI 49548
MULTI_FAMILY - Grand Rapids, MI
- Added:
- Jun 18, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 22 at 3:06 pm
Property Features for 661 - 663 Coleman Street SE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Rooms
- Bathroom 2, Bedroom 5, Bedroom 6, Basement, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 4
- Parking
- 4
- Basement
- Walk-Out Access
- Standard status
- Active
- APN
- 41-22-07-428-011
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT 20 * SHADY CREEK PLAT NO.2
- Tax Annual Amount
- 4685
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Forced Air
Building Details
- Year built
- 1977
- Number of units
- 2
- Building materials
- Brick, Vinyl Siding, Wood Siding
- Roof type
- Composition
Listing agent Kyle J Kimble License #6501408446 (616) 706-6086
Listing office MOXIE Real Estate + Development 3883 Clay Ave SW, Rockford, MI (616) 890-7794
Listing date Jun 18, 2026
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.
HighLights
- Side‑by‑side duplex built in 1977 in the Byron Center School District
- Each unit has 3 bedrooms, 1 bathroom, and approximately 1,300 SF of finished living space
- Major mechanical updates include newer furnaces and water heaters
- New roof installed July 2025
- Heating: forced air; utilities include cable available; served by public sewer
Overview
The duplex is located on a quiet, low-traffic street with single-family homes nearby, in the Byron Center School District. The listing also notes the property can be purchased together with 701/703 Coleman Street SE, located three parcels down the street.
Major mechanical updates have been completed to help reduce near-term capital needs. The property includes newer furnaces and water heaters, along with a new roof completed in July 2025. This configuration can work well for an owner-occupant looking to live in one unit while renting the other, or for investors seeking a straightforward duplex with updated building components.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.1k | $16.20 |
| − Vacancy | −$2.7k | −$1.05 |
| EGI | $39.4k | $15.15 |
| − OpEx | −$11.8k | −$4.54 |
| NOI | $27.6k | $10.60 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Grand Rapids
- County
- Kent
- State
- Michigan
- Longitude
- -85.647982
- Latitude
- 42.830555
