Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    943 Washington Avenue Grand Haven, MI 49417

    View on Map
    Claim this Listing
    New
    Pending
    $269,900

    MULTI_FAMILY - Grand Haven, MI

    Lot size:
    0.15 Acres
    Added:
    May 5, 2026
    Days on Market:
    3
    Last Refresh:
    May 7 at 9:06 pm

    Property Features for 943 Washington Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Rooms
    Bathroom 1, Bedroom 2, Bathroom 3, Bedroom 4, Bedroom 1, Basement, Bathroom 2, Bedroom 3
    Parking
    6
    Basement
    Full
    Standard status
    Pending
    APN
    70-03-21-378-011
    Lot size
    0.15 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOT 75 RYCENGAS ASSESSORS PLAT NO. 1
    Tax Annual Amount
    3979

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air

    Building Details

    Year built
    1900
    Number of units
    3
    Building materials
    Aluminum Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    Megan Sharp

    Listing agent Megan Sharp

    Listing office Five Star Real Estate 3597 Henry Street Suite 103, Muskegon, MI

    Listing date May 5, 2026

    MLS# 26019894 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.

    HighLights

    • Potential to convert to a spacious single‑family home with in‑law suite or finished basement, or maintain as a multi‑unit property
    • New roof and new water heater
    • Replacement vinyl windows
    • Currently certified as a 3‑unit property
    • Ample off‑street parking with space for a future garage
    • Flexible layout options in the upper unit, including a huge walk‑in closet

    Overview

    Grand Haven Multifamily with Potential

    This property, currently certified as a 3-unit multifamily residence, presents multiple possibilities. It could be converted into a duplex or a spacious single-family home with 3 to 4 bedrooms, potentially including an in-law suite or finished basement. The property features a new roof, a new water heater, and replacement vinyl windows. The garden unit has new carpet. The main level unit features large rooms. The upper unit includes a large walk-in closet and flexible layout options for bedrooms or living areas. Ample off-street parking is available, with space for a future garage. Situated in Grand Haven, Michigan, this property on approximately 0.15 acres could serve as an owner-occupied multi-unit dwelling, a single-family home, or an addition to an investment portfolio.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Haven
    County
    Ottawa
    State
    Michigan
    Longitude
    -86.218604
    Latitude
    43.061139

    Nearby Similar for Sale

    • $969,900
      5,566 SF

      Downtown Grand Haven Investment Opportunity

      Renovated commercial units in a landmark building near waterfront.
      300 Washington, Grand Haven, MI 49417
      View Details
    • $1,495,000
      11,584 SF

      Historic Fire Barn Redevelopment Opportunity

      Renovated fire barn in downtown Grand Haven with redevelopment potential.
      18 N 5th Street, Grand Haven, MI 49417
      View Details
    • $995,900
      11,183 SF

      Grand Haven Mixed-Use Investment Opportunity

      Prime downtown location with versatile commercial space and residential potential.
      224 Washington Avenue, Grand Haven, MI 49417
      View Details
    • $749,900

      Turnkey Investment Property in Grand Haven

      Fully furnished short-term rental with strong rental history and permit.
      209 Clinton Avenue, Grand Haven, MI 49417
      View Details
    • $630,000

      Grand Haven Duplex: Income Potential

      Ideally located duplex near Grand Haven's attractions with income potential.
      213 Clinton Avenue, Grand Haven, MI 49417
      View Details
    • $449,900

      Grand Haven Multifamily Investment Property

      Two-unit property near downtown Grand Haven with immediate income potential.
      1001 FRANKLIN AVENUE, GRAND HAVEN, MI 49417
      View Details
    • $60,000

      Grand Haven Boat Slip For Sale

      27.4 foot boat slip near Lake Michigan.
      11 Wharfside, Grand Haven, MI 49417
      View Details
    • $969,900
      5,566 SF

      Downtown Grand Haven Investment Opportunity

      Three renovated commercial units in a landmark building for sale.
      300 Washington #9-11, Grand Haven, MI 49417
      View Details
    • $338,000
      1,728 SF

      Modern Flex Space For Sale

      Modern, flexible commercial spaces designed for entrepreneurs and small businesses.
      1500 Kooiman Avenue, Grand Haven, MI 49417
      View Details
    • $331,000
      1,728 SF

      Modern Flex Space Development

      Modern, flexible commercial spaces designed for entrepreneurs and small businesses.
      1500 Kooiman Avenue, Grand Haven, MI 49417
      View Details
    • $331,000
      1,728 SF

      Modern Flex Space For Sale

      Modern, flexible commercial spaces designed for entrepreneurs and small businesses.
      1500 Kooiman Avenue, Grand Haven, MI 49417
      View Details
    • $339,900

      Grand Haven Duplex For Sale

      Sturdy duplex in Grand Haven with stable tenants and good cashflow.
      1236 Fulton Avenue, Grand Haven, MI 49417
      View Details

    FAQs

    What type of property is this?
    Triplex - Triplex with potential for duplex or single-family conversion.
    Where is this triplex located?
    The property is located at 943 Washington Avenue Grand Haven, MI.
    What is the asking price?
    The asking price for this property is $269,900.
    What are key features of this property?
    This property features: Potential to convert to a spacious single‑family home with in‑law suite or finished basement, or maintain as a multi‑unit property; New roof and new water heater; Replacement vinyl windows
    (616) 414-4664
    We can help!
    Listing Contact
    Megan Sharp
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    943 Washington Avenue, Grand Haven, MI 49417
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!