Five-Unit Apartment
New
For Sale
$845,000
450 Fountain Street NE, Grand Rapids, MI 49503
Multi Family, Grand Rapids, MI
Property SizeContact for details
Lot Size0.45 Acres
Days on Market5
Property Features for 450 Fountain Street NE
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
201 COMMERCIAL-
Bedrooms
5
Full bathrooms
5
Rooms
Bathroom 2, Bedroom 5, Bathroom 5, Bathroom 3, Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 1, Basement, Bathroom 4, Bedroom 3
Parking
13
Basement
Full
Lot features
Sidewalk, Wooded
Elementary school district
Grand Rapids
Middle school district
Grand Rapids
High school district
Grand Rapids
Standard status
Active
APN
41-14-30-253-004
Lot size
0.45 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
LOT 1016* STEINMANN S ASSESSOR S PLAT NO 36
Tax Annual Amount
16025
Legal Description
LOT 1016* STEINMANN S ASSESSOR S PLAT NO 36
Utilities
Heating system
Forced Air
Cooling system
Window Unit(s)
Amenities
fenced yard
Building Details
Year built
1891
Number of units
5
Building materials
Aluminum Siding
Roof type
Composition
Listing Agency:
Keller Williams GR East · Keller Williams Realty
(616) 575-1800
Listed By:
Ingrid C Anastasiu · License #6501380705
(616) 304-9387
Added: Aug 28
Changed: Aug 31
Last Checked: Sep 1 at 11:06AM
MLS# 26045679
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.
Built in 1891, this apartment property contains five one-bedroom, one-bath residences of approximately 1,000 square feet each. The building combines historic character with interior updates completed in 2022. Forced-air heating, window-unit cooling, aluminum siding, and a composition roof are among the reported property features. Each apartment is currently leased, and the garage spaces are also leased.
The property occupies a 0.45-acre quadruple lot at 450 Fountain Street NE in Grand Rapids, next to GRCC and minutes from downtown. Site improvements include a fenced yard, three garage spaces, and approximately 10 additional parking spaces. City certification has been renewed through 2032, providing a defined certification period for the property.
The property occupies a 0.45-acre quadruple lot at 450 Fountain Street NE in Grand Rapids, next to GRCC and minutes from downtown. Site improvements include a fenced yard, three garage spaces, and approximately 10 additional parking spaces. City certification has been renewed through 2032, providing a defined certification period for the property.
Key Highlights
- Five one‑bedroom, one‑bath apartments, each approximately 1,000 sf
- Interior updates completed in 2022
- All five apartments and garage spaces are currently leased
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
5,011
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Historic character, refreshed interiors, leased residences, garage spaces, and on-site parking define this multifamily property.
Where is this apartment building located?
The property is located at 450 Fountain Street NE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $845,000.
What are key features of this property?
This property features: Five one‑bedroom, one‑bath apartments, each approximately 1,000 sf; Interior updates completed in 2022; All five apartments and garage spaces are currently leased
