Grand Rapids Condo with
For Sale
$192,500
476 Barkwood Ct Grand, Grand Rapids, MI 49534
Two-bedroom condo with new deck, water heater, and in-unit laundry.
Property Size1,100 SF
Price / SF$175
Days on Market408
Property Features for 476 Barkwood Ct Grand
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Condominium
Amenities
Hot Water
Building Details
Building Size
1,100 SF
Year Built
1974
Stories
1
Listing Agency:
RE/MAX Lakeshore
Listed By:
Jonathan Kwekel · License #6501429494
(616) 396-1400
Source:
Kw
Added: Aug 25, 2025
Changed: Oct 2
Last Checked: Oct 5 at 4:06PM
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 RE/MAX Lakeshore
Investment Insights
Based on property information with market context.
Located on the northwest side of Grand Rapids, this second-level condo at 476 Barkwood Court is available for immediate occupancy. The unit features two bedrooms and 1.5 bathrooms, along with the convenience of in-unit laundry. Recent updates include a new deck and a new water heater. The air conditioning system has been tuned within the last year. Additional storage space is provided via a personal storage locker. The property includes one covered parking space and one uncovered parking space. Situated less than 6 miles from downtown Grand Rapids, the location offers convenient access to dining, shopping, banking, and public transportation. The property size is 1100 square feet.
Key Highlights
- Immediate possession available
- Includes covered and uncovered parking spaces
- In‑unit laundry for your convenience
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,441
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$208,820
$208.8K
Cap Rate 7%
$149,157
$149.2K
Cap Rate 9%
$116,011
$116.0K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$20.2K $18.36/SF
− Vacancy
−$1.2K −$1.10/SF
EGI
$19.0K $17.26/SF
− OpEx
−$8.5K −$7.77/SF
NOI
$10.4K $9.49/SF
Area
Grand Rapids, MI
Vacancy
6.00%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$208,820
Cap Rate 7%
$149,157
Cap Rate 9%
$116,011
Alternative Uses
Best Use
Apartment 5plus
$149.2K
$130.5K – $174.0K
NOI $10,441 @ 7.0% cap · market cap 5.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$255.3K
$223.4K – $297.8K
NOI $17,870 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
347
Businesses Nearby
Explore this area
Business Placement
Demographics for 49534, MI
23,996
Population
9,713
Households
2.5
Avg Household Size
37
Median Age
34%
College-Educated
95%
High-School Grad
35.3 sq mi
ZIP Area
680
Density / Sq Mi
$78,846
Median Household Income
$44,176
Median Earnings
$1,161
Median Rent
$270,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-bedroom condo with new deck, water heater, and in-unit laundry.
Where is this apartment building located?
The property is located at 476 Barkwood Ct Grand Grand Rapids, MI.
What is the asking price?
The asking price for this property is $192,500.
What are key features of this property?
This property features: Immediate possession available; Includes covered and uncovered parking spaces; In‑unit laundry for your convenience
