Three-Unit Triplex with Separate
New
For Sale
$399,900
127 Lexington Avenue SW, Grand Rapids, MI 49504
Multi Family, Grand Rapids, MI
Property SizeContact for details
Lot Size0.14 Acres
Days on Market7
Property Features for 127 Lexington Avenue SW
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Res-Imp
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 3, Bedroom 1, Basement, Bathroom 2, Bedroom 2, Bathroom 1
Parking
4
Parking features
Driveway
Basement
Crawl Space, Partial
Lot features
Level, Sidewalk
Elementary school district
Grand Rapids
Middle school district
Grand Rapids
High school district
Grand Rapids
Directions
Futlon St to Seward, south to address
Standard status
Active
APN
41-13-25-307-022
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
LOT 12 BLK 9* CONVERSE & TOLFORD S ADDITION
Tax Annual Amount
2137
Legal Description
LOT 12 BLK 9* CONVERSE & TOLFORD S ADDITION
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Window Unit(s)
Building Details
Year built
1880
Number of units
3
Building materials
Vinyl Siding
Roof type
Composition
Listing Agency:
Berkshire Hathaway HomeServices Michigan Real Estate (Main)
(616) 364-9551
Listed By:
Keith J King · License #6501298293
(616) 437-2297
Added: Sep 10
Changed: Sep 14
Last Checked: Sep 16 at 8:06PM
MLS# 26048778
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 127 Lexington Avenue SW in Grand Rapids, this 3-unit triplex was built in 1880 and occupies 0.14 acres. The property includes three bedrooms, three bathrooms, and a basement, with vinyl siding and a composition roof. Heating is provided by forced-air systems, while window units provide cooling.
Each unit has its own furnace and separate electric service. Tenants pay electric charges, while ownership covers natural gas, water, and trash. Exterior improvements include replacement siding and roofing completed in 2016. Parking is available through the driveway, alley access, and street parking. The property is served by public sewer, with cable available.
Each unit has its own furnace and separate electric service. Tenants pay electric charges, while ownership covers natural gas, water, and trash. Exterior improvements include replacement siding and roofing completed in 2016. Parking is available through the driveway, alley access, and street parking. The property is served by public sewer, with cable available.
Key Highlights
- 3‑unit triplex on 0.14 acres at 127 Lexington Avenue SW
- Separate furnace and electric service for each unit
- New siding and roof installed in 2016
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,547
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Triplex - Multifamily property with individual furnaces and electric service for each residence.
Where is this triplex located?
The property is located at 127 Lexington Avenue 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: 3‑unit triplex on 0.14 acres at 127 Lexington Avenue SW; Separate furnace and electric service for each unit; New siding and roof installed in 2016
