Well-Maintained Four-Unit Multifamily
909 Spencer NE Street, Grand Rapids, MI 49505
Four-unit multifamily property with recent upgrades and income potential.
Type:Multi Family
Property size:
10,542 SFLot size:
0.24 AcresPrice / SF:
$40/SF- Added:
- Mar 24, 2026
- Days on Market:
- 46
- Last Refresh:
- Apr 5 at 8:44 pm
Property Features for 909 Spencer NE Street
General Information
- Standard status
- Active
- Size
- 10,542 SF
- Lot size
- 0.24 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1936
Listing agent Anthony L Lewis License #6501242774
Listing office RE/MAX of Grand Rapids (FH) (616) 957-0700
Listing date Mar 24, 2026
Source Exitrealty
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 of Grand Rapids (FH)
HighLights
- Projected market rents of $4700 with leases expiring soon, offering significant income upside.
- Well‑maintained building with recent upgrades including a new shingled roof (November 2024), newer furnaces (3 years old), and 4 new water heaters.
- Recently repaved parking lot with 8 spots.
- Separate gas and electric meters for each unit.
- Unit 1 features updated bathroom, vaulted ceilings, walk‑in closets in both bedrooms, walk‑in pantry, and new windows (2024).
- City compliance through 7/29/25.
Overview
This multifamily property features four units and has been maintained by the owner for over 40 years. The property includes a metal roof on the front, installed approximately 7-8 years ago, with the shingled portion replaced in November 2024. Two newer furnaces, approximately 3 years old, and four new water heaters have been installed. The units feature laminate flooring, and the building and units are in good condition. Current rents are below market value, but all leases are expiring soon. Projected market rents total $4700, with potential rents of $1,200 for a two-bedroom unit (Unit 1), $1,000 for a one-bedroom unit (Unit 2), $1,000 for a one-bedroom unit (Unit 3), and $1,500 for a three-bedroom unit (Unit 4). Each unit has separate gas and electric meters. The parking lot has been recently repaved and provides 8 parking spots. The property also includes a fenced backyard and a 195' lot. City compliance is valid through 7/29/25. Many new windows have been installed. Unit 1 includes a living room, kitchen, eating area, bedroom, bathroom, bedroom, mud room, and mechanicals, with both bedrooms featuring walk-in closets, a walk-in pantry, new windows installed in 2024, an updated bathroom, and vaulted ceilings. Unit 2, located on the first floor at the back, includes a living room, kitchen, eating area, one bedroom, and a bathroom, and a furnace. Unit 3, located first on the right, includes a living room, kitchen, eating area, bedroom, bathroom, and play area. Unit 4, located upstairs, includes a living room, large kitchen, bedroom with a walk-in closet, and a dormer bedroom. This property offers potential for increased rental income.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Grand Rapids
- County
- Kent
- State
- Michigan
- Longitude
- -85.6468676
- Latitude
- 42.9890884
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four-unit multifamily property with recent upgrades and income potential.
Where is this quadplex located?
The property is located at 909 Spencer NE Street Grand Rapids, MI.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Projected market rents of $4700 with leases expiring soon, offering significant income upside.; Well‑maintained building with recent upgrades including a **new shingled roof (November 2024)**, newer furnaces (3 years old), and 4 new water heaters.; Recently repaved parking lot with 8 spots.
