Turnkey Five-Unit Multifamily
For Sale
$895,000
308 Franklin Street, Grand Haven, MI 49417
MULTI_FAMILY - Grand Haven, MI
Property SizeContact for details
Lot Size0.20 Acres
Days on Market65
Property Features for 308 Franklin Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
OS 1
Bedrooms
5
Full bathrooms
5
Rooms
Bedroom 2, Bathroom 2, Bedroom 5, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 3, Bathroom 5, Bathroom 4, Basement, Bedroom 3
Parking
5
Basement
Partial
Lot features
Sidewalk
Elementary school district
Grand Haven
Middle school district
Grand Haven
High school district
Grand Haven
Directions
U.S. 31 to Franklin Street west to property
Standard status
Active
APN
700320476003
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
E 1/2 of Lots 273 & 274 Original Plat of Grand Haven.
Tax Annual Amount
10362
Legal Description
E 1/2 of Lots 273 & 274 Original Plat of Grand Haven.
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air
Building Details
Year built
1908
Number of units
5
Building materials
Aluminum Siding
Roof type
Composition
Listing Agency:
Coldwell Banker Woodland Schmidt Grand Haven
(616) 844-9000
Listed By:
Brian David Klingel · License #6501319991
(231) 206-3513
Added: Jun 3
Changed: Jul 25
Last Checked: Aug 6 at 5:06AM
MLS# 26026763
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.
This for-sale five-unit multifamily property has been well maintained and features apartment interiors with fresh paint, updated light fixtures, new flooring, and updated appliances. Capital improvements completed during ownership include a new roof approximately five years ago, a newly constructed front porch with a new roof, Anderson 800 Series windows in the bay area of Unit 1, and replacement windows throughout the property. Mechanical and exterior upgrades include a new furnace, five mini-split systems, updated air conditioning components, underground sprinkling, and a new composite side deck. A detached garage provides two covered parking spaces, and the property offers a total of seven dedicated parking spaces. The sale also includes furnishings currently in Unit 5.
The property is located in downtown Grand Haven and is described as situated along the city’s parade route, with convenient access to the waterfront and nearby shopping, dining, and year-round community events.
With updated finishes and extensive system and envelope improvements, the building may appeal to buyers seeking a turnkey residential income asset with on-site parking. Unit 5 is identified as commanding a premium rental rate compared to the other units, and additional rental and operating expense details can be provided by request.
The property is located in downtown Grand Haven and is described as situated along the city’s parade route, with convenient access to the waterfront and nearby shopping, dining, and year-round community events.
With updated finishes and extensive system and envelope improvements, the building may appeal to buyers seeking a turnkey residential income asset with on-site parking. Unit 5 is identified as commanding a premium rental rate compared to the other units, and additional rental and operating expense details can be provided by request.
Key Highlights
- Downtown Grand Haven 5‑unit multifamily property near the waterfront, shopping, dining, and year‑round community events
- Built in 1908 with aluminum siding and a composition roof; forced‑air heating
- Recent improvements include a roof approx. 5 years ago, replacement windows throughout, and Anderson 800 Series windows in the bay area of Unit #1
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,294
Businesses Nearby
Explore this area
Business Placement
Demographics for 49417, MI
32,406
Population
14,709
Households
2.2
Avg Household Size
43
Median Age
38%
College-Educated
95%
High-School Grad
46.9 sq mi
ZIP Area
691
Density / Sq Mi
$84,476
Median Household Income
$45,392
Median Earnings
$1,101
Median Rent
$287,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained five-unit building with multiple recent capital upgrades and dedicated parking in downtown Grand Haven.
Where is this apartment building located?
The property is located at 308 Franklin Street Grand Haven, MI.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Downtown Grand Haven 5‑unit multifamily property near the waterfront, shopping, dining, and year‑round community events; Built in 1908 with aluminum siding and a composition roof; forced‑air heating; Recent improvements include a roof approx. 5 years ago, replacement windows throughout, and Anderson 800 Series windows in the bay area of Unit #1
