233 Hollister Avenue SE, Grand Rapids, MI 49506
MULTI_FAMILY - Grand Rapids, MI
- Added:
- Jun 26, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 27 at 12:06 pm
Property Features for 233 Hollister Avenue SE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Rooms
- Basement, Bathroom 3, Bedroom 5, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bathroom 2
- Parking
- 3
- Standard status
- Active
- APN
- 41-14-29-351-022
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT 1* STEVENS & PIERCE S SUBDIVISION OF LOTS 6, 7, 8, 9, 10 & 11 OF BARCLAY S ADDITION
- Tax Annual Amount
- 9403
Utilities
- Utilities
- Electricity Available
- Sewer type
- Public Sewer
- Heating system
- Forced Air
Building Details
- Year built
- 1884
- Number of units
- 3
- Building materials
- Wood Siding
Listing agent Marcus Love (616) 710-0792
Listing office Realify Properties 9380 Myers Lake Avenue, Rockford, MI (616) 439-4310
Listing date Jun 26, 2026
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.
HighLights
- Historic triplex built in 1884 with wood siding and forced‑air heating
- Brand new roof installed in 2024
- Over 2,100 SF across three units
- All units are vacant, offering flexibility to renovate or lease
- Post‑construction permits have been obtained
- Utilities include electricity; sewer service is public sewer
Overview
The property is located at 233 Hollister Avenue SE in Grand Rapids, Michigan, within the East Hills area, as stated in the remarks. The listing notes the home is close to downtown and the surrounding mix of restaurants, breweries, and shopping available in the East Hills area.
For investors and owner-occupants, the vacant configuration can simplify near-term execution, whether the goal is to renovate and lease each unit, or tailor the property to a specific end use. With permits already obtained and an as-is appraisal reported above the current list price, the purchase is positioned as a straightforward path for buyers seeking a triplex they can act on immediately.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.0k | $16.20 |
| − Vacancy | −$2.2k | −$1.05 |
| EGI | $31.8k | $15.15 |
| − OpEx | −$9.5k | −$4.54 |
| NOI | $22.3k | $10.60 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Grand Rapids
- County
- Kent
- State
- Michigan
- Longitude
- -85.647891
- Latitude
- 42.958546
