8-Unit Multifamily
New
For Sale
$1,095,000
522 Michigan St NE, Grand Rapids, MI 49503
Two maintained apartment buildings near Grand Valley State University and Corewell Health with established occupancy and on-site parking.
Property SizeContact for details
Days on Market7
Property Features for 522 Michigan St NE
General Information
Standard status
Active
Property subtype
Investment
Additional Details
Gross Income
$107,400
Highway Access
Yes
Multifamily Units
8
Taxes and HOA fees
Annual Taxes
$6,795
Amenities
on-demand water heater
Building Details
Year Built
1890
Buildings
2
Units
8
Listing Agency:
Five Star Real Estate (Walker)
(616) 791-1010
Listed By:
Vito (Jr.) E Dolci · License #6501224335
(616) 791-1010
Source:
Elliman
Added: Aug 15
Changed: Aug 16
Last Checked: Aug 20 at 8:21AM
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 Five Star Real Estate (Walker)
Investment Insights
Based on property information with market context.
This multifamily offering combines two well-maintained apartment buildings totaling 8 units. The larger building contains six apartments with a mix of 2BR, 1BR, studio/1BR loft, and studio layouts, plus on-site parking for 10 cars. It also has an on-demand water heater and a 6-year City of Grand Rapids rental certification. The second building at 526 Michigan St. includes two 3BR units, updated PEX plumbing, and two electrical panels. The property dates to 1890, and one tenant has remained in place for over 30 years.
The buildings are located at 522 Michigan St NE, one block from GVSU and three blocks from Corewell Health, with proximity to the Grand Rapids Medical Mile and highway access. The surrounding area has a Walk Score of 79, a Bike Score of 64, and a Transit Score of 44. Landlord-paid utilities apply to the six-unit building.
The buildings are located at 522 Michigan St NE, one block from GVSU and three blocks from Corewell Health, with proximity to the Grand Rapids Medical Mile and highway access. The surrounding area has a Walk Score of 79, a Bike Score of 64, and a Transit Score of 44. Landlord-paid utilities apply to the six-unit building.
Key Highlights
- 8 units across two multifamily buildings
- Six‑unit building includes 10 on‑site parking spaces
- Six‑unit property carries a 6‑year City of Grand Rapids rental certification
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,580
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Two maintained apartment buildings near Grand Valley State University and Corewell Health with established occupancy and on-site parking.
Where is this apartment building located?
The property is located at 522 Michigan St NE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: 8 units across two multifamily buildings; Six‑unit building includes 10 on‑site parking spaces; Six‑unit property carries a 6‑year City of Grand Rapids rental certification
