Search
Historic Apartment Building with Back Deck Access
For Sale
$699,900

21 Prospect Avenue SE, Grand Rapids, MI 49503

MULTI_FAMILY - Grand Rapids, MI

Property SizeContact for details
Lot Size0.25 Acres
Days on Market13

Property Features for 21 Prospect Avenue SE

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 2
Full bathrooms 6
Rooms Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 5, Bathroom 6, Bathroom 3, Basement, Bathroom 4
Parking 1
Elementary school district Grand Rapids
Middle school district Grand Rapids
High school district Grand Rapids
Directions fulton to prospect
Standard status Active
APN 41-14-30-327-013
Lot size 0.25 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description N 78 FT OF LOT 6 BLK 3 EXCEPT W 33 FT* CAMPAU S SECOND ADDITION
Tax Annual Amount 17602
Legal Description N 78 FT OF LOT 6 BLK 3 EXCEPT W 33 FT* CAMPAU S SECOND ADDITION

Utilities

Utilities Natural Gas Available
Sewer type Public Sewer
Heating system Baseboard

Building Details

Year built 1905
Number of units 6
Building materials Wood Siding
Roof type Composition
Listing Agency: Five Star Real Estate (Ada)
Listed By: Lauren Karsten · License #6501375963
Added: Jul 29 Changed: Aug 3 Last Checked: Aug 10 at 9:06PM
MLS# 26039293

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.

Historic apartment building at 21 Prospect Avenue SE in Grand Rapids, built in 1905. The property includes a main unit with an updated kitchen, spacious bedrooms, and private access to a back deck, plus additional studio units.

The building is wood-sided and supported by baseboard heating. A composition roof is in place, with public sewer available and natural gas available for utilities.

Set up for either an owner-occupant or a hands-on investor, this multi-unit configuration provides a live-and-earn layout with dedicated outdoor access tied to the main unit.

Key Highlights

  • 0.25‑acre apartment building at 21 Prospect Avenue SE
  • Main unit features private access to a back deck
  • Built in 1905

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Carpet & Flooring Store (Bike/Boat/Book/etc) Store Electrical Service Veterinary Clinic Pet Grooming Service Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

4,424
Businesses Nearby

Demographics for 49503, MI

39,344
Population
19,017
Households
2.1
Avg Household Size
30
Median Age
44%
College-Educated
88%
High-School Grad
7.3 sq mi
ZIP Area
5,390
Density / Sq Mi
$61,734
Median Household Income
$36,694
Median Earnings
$1,207
Median Rent
$224,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - 1905 wood-sided apartment building with baseboard heat, composition roof, public sewer, and natural gas available.
Where is this apartment building located?
The property is located at 21 Prospect Avenue SE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 0.25‑acre apartment building at 21 Prospect Avenue SE; Main unit features private access to a back deck; Built in 1905
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message