Downtown Triplex Near Ferris
For Sale
$257,900
Pending
117 S Warren Ave, Big Rapids, MI 49307
Three-unit building near Ferris State University with expansion potential.
Property SizeContact for details
Lot Size0.17 Acres
Days on Market165
Property Features for 117 S Warren Ave
General Information
Standard status
Pending
Lot size
0.17 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$5,094
Building Details
Year Built
1900
Units
12
Listing Agency:
RE/MAX TOGETHER
(616) 307-3026
Listed By:
Joseph McNally · License #6502393305
(616) 307-3026
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 20 at 9:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX TOGETHER
Investment Insights
Based on property information with market context.
This three-unit apartment building is an investment property with potential for a fourth unit, contingent on city approval. Located a couple blocks from Ferris State University in downtown, the property includes a large backyard, ample parking, and an attached two-plus car garage. Current rents are $1000 for the upstairs unit, $700 for the south unit, and $750 for the north unit, all on a month-to-month basis. These rents reflect long-term owner relationships with the renters and are below market rates. The property has been a cash cow for many years.
Key Highlights
- Prime location in the heart of downtown, just blocks from Ferris State University
- Income potential as a cash‑flowing 3‑unit apartment building with below‑market rents
- Potential to add a 4th unit (contingent on city approval)
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
933
Businesses Nearby
Explore this area
Business Placement
Demographics for 49307, MI
16,914
Population
7,997
Households
2.1
Avg Household Size
31
Median Age
31%
College-Educated
94%
High-School Grad
134.5 sq mi
ZIP Area
126
Density / Sq Mi
$54,803
Median Household Income
$24,736
Median Earnings
$877
Median Rent
$179,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit building near Ferris State University with expansion potential.
Where is this triplex located?
The property is located at 117 S Warren Ave Big Rapids, MI.
What is the asking price?
The asking price for this property is $257,900.
What are key features of this property?
This property features: Prime location in the heart of downtown, just blocks from Ferris State University; Income potential as a cash‑flowing 3‑unit apartment building with below‑market rents; Potential to add a 4th unit (contingent on city approval)
