Four-Unit Duplex
For Sale
$370,000
1246 Alpine Ave NW, Grand Rapids, MI 49504
Own two duplexes on one parcel, providing four rental units with updated exterior components.
Property SizeContact for details
Days on Market57
Property Features for 1246 Alpine Ave NW
General Information
Standard status
Active
Property subtype
Investment
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$3,579
Building Details
Year Built
1910
Units
4
Listing Agency:
Edison Brokers & Co LLC
(616) 581-1433
Listed By:
Kyle P Naumann · License #6502426806
(616) 581-1433
Source:
Elliman
Added: Jun 17
Changed: Aug 7
Last Checked: Aug 11 at 9:46AM
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
Investment Insights
Based on property information with market context.
This offering consists of two duplexes on a single parcel, totaling four residential rental units. The front duplex features a 2-bedroom/1-bath lower unit and a 3-bedroom/1-bath upper unit, with a newer roof and vinyl siding noted for the exterior. The rear duplex includes a 1-bedroom/1-bath lower unit and a 2-bedroom/1-bath upper unit.
The property is located at 1246 Alpine Ave NW in Grand Rapids, Michigan, and is described as convenient to downtown Grand Rapids and to area amenities. Public remarks also reference proximity to Alpine Avenue, Bridge Street, shopping, dining, breweries, and neighborhood conveniences.
For investors seeking a small multi-family asset with multiple unit configurations, this four-unit parcel allows for diversified tenant profiles across one- to three-bedroom layouts. The presence of newer roof and vinyl siding on the front duplex may support lower near-term exterior maintenance considerations relative to unupdated buildings. The seller also notes that 1242 and 1236 Alpine are available separately for an 8-unit pack opportunity, if you are evaluating scale.
The property is located at 1246 Alpine Ave NW in Grand Rapids, Michigan, and is described as convenient to downtown Grand Rapids and to area amenities. Public remarks also reference proximity to Alpine Avenue, Bridge Street, shopping, dining, breweries, and neighborhood conveniences.
For investors seeking a small multi-family asset with multiple unit configurations, this four-unit parcel allows for diversified tenant profiles across one- to three-bedroom layouts. The presence of newer roof and vinyl siding on the front duplex may support lower near-term exterior maintenance considerations relative to unupdated buildings. The seller also notes that 1242 and 1236 Alpine are available separately for an 8-unit pack opportunity, if you are evaluating scale.
Key Highlights
- Two duplexes on one parcel for 4 total rental units
- Gross rents of $3,695/month
- Front duplex: 2 bed/1 bath lower unit and 3 bed/1 bath upper unit; newer roof and vinyl siding
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
916
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
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - Own two duplexes on one parcel, providing four rental units with updated exterior components.
Where is this quadplex located?
The property is located at 1246 Alpine Ave NW Grand Rapids, MI.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Two duplexes on one parcel for 4 total rental units; Gross rents of $3,695/month; Front duplex: 2 bed/1 bath lower unit and 3 bed/1 bath upper unit; newer roof and vinyl siding
