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    513 Crescent St NE Grand Rapids, MI 49503

    For Sale
    $710,000

    Six-unit apartment building near downtown with off-street parking.

    Lot size:
    0.21 Acres

    Property Features for 513 Crescent St NE

    General Information

    Lot size
    0.21 Acres

    Building Details

    Year built
    1900

    Source: Five Star Real Estate (Main) Agent Jeffrey M Blahnik

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Heritage Hill Multifamily Investment Opportunity

    This multifamily property, located in Heritage Hill, presents an investment opportunity. The building contains six units, each featuring one bedroom and one bathroom with a different floor plan. All units are occupied and have private entrances. There are ten off-street parking spaces located in the back of the property. The property is located within walking distance of Martha's Vineyard, hospitals, and downtown.
    Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.656332
    Latitude
    42.9691447

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    FAQs

    What type of property is this?
    Apartment building - Six-unit apartment building near downtown with off-street parking.
    Where is this apartment building located?
    The property is located at 513 Crescent St NE Grand Rapids, MI.
    What is the asking price?
    The asking price for this property is $710,000.
    What are key features of this property?
    This property features: - Prime location in Heritage Hill, walking distance to Martha's Vineyard, hospitals, and downtown.; - Six individual units, all currently occupied, providing immediate rental income.; - Each unit features a 1 bed, 1 bath layout with a private entrance.
    (616) 791-8181
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    Grand Rapids, MI 49503
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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
    513 Crescent St NE Grand Rapids, MI 49503
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