5-Unit Apartment
For Sale
$599,000
1230 Alpine Avenue NW, Grand Rapids, MI 49504
The five rentals comprise a four-unit building and a separate single-family residence.
Property SizeContact for details
Days on Market18
Property Features for 1230 Alpine Avenue NW
General Information
Standard status
Active
Property subtype
5+ Units
Occupancy
100%
Site & Location
Neighborhood
West Grand
Units
Unit Mix
2 x 2BR/1BA, 2 x 3BR/1BA, 1 x 2BR/1.5BA
Multifamily Units
5
Individually Metered Utilities
electricity
Additional Details
Gross Income
$64,920
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,917
Building Details
Year Built
1888
Buildings
2
Listing Agency:
Edison Brokers & Co LLC
Listed By:
Kyle P Naumann · License #6502426806
(616) 581-1433
Source:
Carinirealtors
Added: Oct 12
Changed: Oct 27
Last Checked: Oct 26 at 11:36AM
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 Edison Brokers & Co LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1888, this five-unit property includes a four-unit building and a standalone single-family home. The mix consists of two 2-bedroom, 1-bathroom apartments, two 3-bedroom, 1-bathroom apartments, and a 2-bedroom, 1.5-bathroom house. Each unit has a separate electric meter, water heater, and furnace. Four of the five water heaters were replaced in September 2026.
The property is fully occupied and holds City of Grand Rapids certification through 2030; that certification can transfer to a new owner.
The property is fully occupied and holds City of Grand Rapids certification through 2030; that certification can transfer to a new owner.
Key Highlights
- Five units: four apartments and one standalone single‑family home
- Unit mix includes two 2‑bedroom, 1‑bathroom units, two 3‑bedroom, 1‑bathroom units, and one 2‑bedroom, 1.5‑bathroom home
- Each unit has its own electric meter, water heater, and furnace
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
675
Businesses Nearby
Explore this area
Business Placement
Demographics for 49504, MI
41,249
Population
18,830
Households
2.2
Avg Household Size
33
Median Age
39%
College-Educated
90%
High-School Grad
11.1 sq mi
ZIP Area
3,716
Density / Sq Mi
$68,326
Median Household Income
$41,138
Median Earnings
$1,145
Median Rent
$222,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - The five rentals comprise a four-unit building and a separate single-family residence.
Where is this apartment building located?
The property is located at 1230 Alpine Avenue NW Grand Rapids, MI.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Five units: four apartments and one standalone single‑family home; Unit mix includes two 2‑bedroom, 1‑bathroom units, two 3‑bedroom, 1‑bathroom units, and one 2‑bedroom, 1.5‑bathroom home; Each unit has its own electric meter, water heater, and furnace
