Three-Unit Multifamily
New
For Sale
$399,900
127 Lexington Ave SW, Grand Rapids, MI 49504
Three units offer separate electric service and in-unit furnaces, with tenants covering electric usage.
Property SizeContact for details
Days on Market3
Property Features for 127 Lexington Ave SW
General Information
Standard status
Active
Property subtype
Investment
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$2,137
Building Details
Year Built
1880
Buildings
1
Units
3
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HomeServices Michigan Real Estate
Listed By:
Keith J King · License #6501298293
(616) 437-2297
Source:
Elliman
Added: Sep 15
Changed: Sep 16
Last Checked: Sep 16 at 5:15PM
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 Berkshire Hathaway HomeServices Michigan Real Estate
Investment Insights
Based on property information with market context.
This three-unit multifamily property offers a straightforward layout for an owner occupant or investor. Each residence has its own furnace and separate electric service, while the ownership structure covers natural gas, water, and trash. Tenants are responsible for their electric usage. The building was constructed in 1880 and received new siding and a roof in 2016.
Residents benefit from parking available both off the alley and along the street. The property also has established occupancy, with long-term tenants in place. Walk Score is 91, Bike Score is 69, and Transit Score is 62, reflecting access to walking, biking, and transit options.
Residents benefit from parking available both off the alley and along the street. The property also has established occupancy, with long-term tenants in place. Walk Score is 91, Bike Score is 69, and Transit Score is 62, reflecting access to walking, biking, and transit options.
Key Highlights
- Three‑unit multifamily property
- New siding and roof installed in 2016
- Separate furnace and electric service for each unit
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,547
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three units offer separate electric service and in-unit furnaces, with tenants covering electric usage.
Where is this triplex located?
The property is located at 127 Lexington Ave SW Grand Rapids, MI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Three‑unit multifamily property; New siding and roof installed in 2016; Separate furnace and electric service for each unit
