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Historic Triplex with New Roof
For Sale
$339,900

233 Hollister Ave SE, Grand Rapids, MI 49506

Three vacant units provide flexibility for renovation, leasing, or owner occupancy in East Hills.

Property SizeContact for details
Days on Market105

Property Features for 233 Hollister Ave SE

General Information

Standard status Active
Property subtype Investment

Additional Details

Multifamily Units 3

Taxes and HOA fees

Annual Taxes $9,402

Building Details

Year Built 1884
Units 3
Listing Agency: Realify Properties
Listed By: Marcus Love
Source: Elliman
Added: Jul 4 Changed: Oct 10 Last Checked: Oct 16 at 9:41AM

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 Realify Properties

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Investment Insights

Based on property information with market context.

Built in 1884, this historic triplex contains over 2,100 square feet across three units. A new roof completed in 2024 supports the property’s existing improvements, while post-construction permits have been obtained. All units are vacant, allowing the next owner to pursue renovation, leasing, or an owner-occupancy plan without existing tenant restrictions.

The property is located in East Hills in Grand Rapids, minutes from downtown, restaurants, breweries, and shopping. Walk Score is 79, Bike Score is 64, and Transit Score is 44, reflecting a setting with walkable amenities, bikeable streets, and some public transit access.

Key Highlights

  • Triplex with over 2,100 square feet across three units
  • All three units are vacant
  • New roof completed in 2024

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Electrical Service Locksmith Travel Agency Tech Support Center 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

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,147
Businesses Nearby

Demographics for 49506, MI

33,050
Population
13,262
Households
2.5
Avg Household Size
34
Median Age
67%
College-Educated
97%
High-School Grad
7.3 sq mi
ZIP Area
4,527
Density / Sq Mi
$112,287
Median Household Income
$48,631
Median Earnings
$1,305
Median Rent
$338,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Three vacant units provide flexibility for renovation, leasing, or owner occupancy in East Hills.
Where is this triplex located?
The property is located at 233 Hollister Ave SE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Triplex with over 2,100 square feet across three units; All three units are vacant; New roof completed in 2024
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