6-Unit Brick Walk-Up Apartment
2331 PORTER ST SW, Wyoming, MI 49519
For Sale
Contact for pricing
All six apartments are occupied, with two leases establishing the building’s current highest rent level.
Property SizeContact for details
Days on Market11
Property Features for 2331 PORTER ST SW
General Information
Standard status
Property subtype
Occupancy
Net Operating Income
Financials
Asking Price
Cap Rate
Gross Income
Average Monthly Rent
Additional Details
Multifamily Units
Tenant in Place
Building Details
Buildings
Construction
Listing Agency:
Pantheon Commercial, LLC
Listed By:
Aaron Eichenberg · License #MI 6502430903
(312) 550-4889
Source:
Crexi
Added: Oct 30
Changed: Nov 8
Last Checked: Nov 8 at 5:00PM
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 Pantheon Commercial, LLC
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Investment Insights
Based on property information with market context.
This six-unit apartment building is a vintage brick walk-up and is fully occupied. Two apartments, Suites 2335 and 2341, are each leased at the property’s current top rent level. Suite 2335 was leased on 08/13/25, and Suite 2341 on 09/05/25.
The reported going-in cap rate is 6.61%; the trailing-twelve-month cap rate is 5.89%. The difference reflects leases at Suites 2335 and 2341 taking effect during the trailing period. The building is located in Wyoming, Michigan.
The reported going-in cap rate is 6.61%; the trailing-twelve-month cap rate is 5.89%. The difference reflects leases at Suites 2335 and 2341 taking effect during the trailing period. The building is located in Wyoming, Michigan.
Key Highlights
- Six‑unit vintage brick walk‑up apartment building
- 100% occupied per the 10/29/26 rent roll
- Going‑in cap rate of 6.61%; trailing‑twelve‑month cap rate of 5.89%
Property Analytics
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Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
313
Businesses Nearby
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Business Placement
Demographics for 49519, MI
28,025
Population
11,693
Households
2.4
Avg Household Size
34
Median Age
28%
College-Educated
90%
High-School Grad
8.0 sq mi
ZIP Area
3,503
Density / Sq Mi
$75,373
Median Household Income
$39,240
Median Earnings
$1,176
Median Rent
$220,300
Median Home Value
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Market
Properties on Market for Apartment buildings in Kent County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - All six apartments are occupied, with two leases establishing the building’s current highest rent level.
Where is this apartment building located?
The property is located at 2331 PORTER ST SW Wyoming, MI.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Six‑unit vintage brick walk‑up apartment building; 100% occupied per the 10/29/26 rent roll; Going‑in cap rate of 6.61%; trailing‑twelve‑month cap rate of 5.89%
