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Five-Unit Apartment Building

623 Cherry St SE Grand Rapids, MI 49503

623 Cherry St SE, Grand Rapids, MI, 49503
$689,900
For Sale
Claim this Listing
$689,900

Five 1-bed, 1-bath units with off-street parking, currently generating stated monthly rent.

AddedJun 22
Days on Market25
Last RefreshJul 15 at 6:09 pm

Property Features for 623 Cherry St SE

General Information

Standard status
Active
Property subtype
Investment

Building Details

Year Built
1875

Listing office Five Star Real Estate

Listing date Jun 22, 2026

Source Elliman

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 Five Star Real Estate


Investment Insights

Based on property information with market context.

This five-unit apartment building features all units configured as 1 bedroom and 1 bathroom. The property is presented for sale with stated total monthly rent of $6,985, offering a straightforward residential income setup. Off-street parking is also available for tenants and guests.

The building is located at 623 Cherry St SE in Grand Rapids, Michigan. Public remarks note convenient access to Medical Mile, downtown Grand Rapids, shopping, nightlife, local coffee shops, and restaurants. The asset is also described as bikeable with a BikeScore of 64 and very walkable with a WalkScore of 79, with a TransitScore of 44 indicating some transit options.

For buyers seeking a compact multifamily asset with consistent unit layouts, this property’s five 1-bedroom units can simplify leasing and operations. The off-street parking and walkable surrounding amenities may appeal to residents who prefer nearby daily conveniences. Please contact the listing broker for additional details and to schedule a showing.

Key Highlights

  • 5‑unit property in Cherry Hill built in 1875
  • All units are 1 bedroom / 1 bathroom
  • Stated total rent of $6,985 per month

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

(Bike/Boat/Book/etc) Store Electrical Service (Bike/Boat/Book/etc) Store Locksmith Plumbing Service Travel Agency Carpet & Flooring Store (Bike/Boat/Book/etc) Store Daycare Center Auto Parts Store

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

FAQs

What type of property is this?
Apartment building - Five 1-bed, 1-bath units with off-street parking, currently generating stated monthly rent.
Where is this apartment building located?
The property is located at 623 Cherry St SE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $689,900.
What are key features of this property?
This property features: 5‑unit property in Cherry Hill built in 1875; All units are 1 bedroom / 1 bathroom; Stated total rent of $6,985 per month
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More about this property
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