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Triplex With Two-Stall Garage
For Sale
$485,000

614 Crescent St NE, Grand Rapids, MI 49503

Three-unit residential property with updated interiors, off-street parking, and a separate garage.

Property SizeContact for details
Days on Market22

Property Features for 614 Crescent St NE

General Information

Standard status Active
Total Parking Spaces 4
Property subtype Multi-Family

Units

Unit Mix 1 x 3BR/1BA, 2 x 1BR/1BA
Multifamily Units 3

Amenities

basement with washer/dryer
front porch

Building Details

Year Built 1905
Buildings 1
Listing Agency: Five Star Real Estate (Grandv)
Listed By: Micah Childress
Source: Katie-k
Added: Sep 6 Changed: Sep 18 Last Checked: Sep 26 at 12:48PM

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 (Grandv)

Investment Insights

Based on property information with market context.

This 1905 triplex includes one larger main-level residence and two upper-level apartments. The first unit has three bedrooms, a full bathroom, refinished hardwood flooring, large windows, a mudroom, and an expansive kitchen with a new refrigerator. The second apartment includes a kitchen and dining area, living room, bedroom, and full bathroom. The third offers a kitchen and dining area, living room, bedroom, and large full bathroom. Recent updates include a new vanity and toilet in Unit #1, a new washer and dryer in the basement, and a new boiler system.

The property also features a front porch, two off-street parking spaces, a two-stall garage, and a large attic with its own stairway entrance. The address is near Martha's Vineyard, Lyon St Cafe, Nantucket Baking Co, and 7 Monks in Grand Rapids.

Key Highlights

  • Three‑unit configuration with a three‑bedroom main‑level residence and two one‑bedroom upper apartments
  • 1905 construction with a new boiler system
  • Two‑stall garage plus 2 off‑street parking spaces

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Electrical Service Carpet & Flooring Store Daycare Center Locksmith Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

3,123
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three-unit residential property with updated interiors, off-street parking, and a separate garage.
Where is this triplex located?
The property is located at 614 Crescent St NE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Three‑unit configuration with a three‑bedroom main‑level residence and two one‑bedroom upper apartments; 1905 construction with a new boiler system; Two‑stall garage plus 2 off‑street parking spaces
More about this property
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