Five-Unit Apartment
For Sale
$689,900
623 Cherry St SE, Grand Rapids, MI 49503
Five 1-bed, 1-bath units with off-street parking, currently generating stated monthly rent.
Property SizeContact for details
Days on Market53
Property Features for 623 Cherry St SE
General Information
Standard status
Active
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$16,500
Building Details
Year Built
1875
Units
5
Listing Agency:
Five Star Real Estate (Ada)
(616) 437-4219
Listed By:
Kevin P Knoll · License #6501375963
(616) 437-4219
Source:
Elliman
Added: Jun 22
Changed: Aug 8
Last Checked: Aug 12 at 7:26AM
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 (Ada)
Investment Insights
Based on property information with market context.
This five-unit apartment building features all units configured as 1 bedroom and 1 bathroom. The property is presented for sale with stated total monthly rent of $6,985, offering a straightforward residential income setup. Off-street parking is also available for tenants and guests.
The building is located at 623 Cherry St SE in Grand Rapids, Michigan. Public remarks note convenient access to Medical Mile, downtown Grand Rapids, shopping, nightlife, local coffee shops, and restaurants. The asset is also described as bikeable with a BikeScore of 64 and very walkable with a WalkScore of 79, with a TransitScore of 44 indicating some transit options.
For buyers seeking a compact multifamily asset with consistent unit layouts, this property’s five 1-bedroom units can simplify leasing and operations. The off-street parking and walkable surrounding amenities may appeal to residents who prefer nearby daily conveniences. Please contact the listing broker for additional details and to schedule a showing.
The building is located at 623 Cherry St SE in Grand Rapids, Michigan. Public remarks note convenient access to Medical Mile, downtown Grand Rapids, shopping, nightlife, local coffee shops, and restaurants. The asset is also described as bikeable with a BikeScore of 64 and very walkable with a WalkScore of 79, with a TransitScore of 44 indicating some transit options.
For buyers seeking a compact multifamily asset with consistent unit layouts, this property’s five 1-bedroom units can simplify leasing and operations. The off-street parking and walkable surrounding amenities may appeal to residents who prefer nearby daily conveniences. Please contact the listing broker for additional details and to schedule a showing.
Key Highlights
- 5‑unit property in Cherry Hill built in 1875
- All units are 1 bedroom / 1 bathroom
- Stated total rent of $6,985 per month
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,402
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 - Five 1-bed, 1-bath units with off-street parking, currently generating stated monthly rent.
Where is this apartment building located?
The property is located at 623 Cherry St SE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $689,900.
What are key features of this property?
This property features: 5‑unit property in Cherry Hill built in 1875; All units are 1 bedroom / 1 bathroom; Stated total rent of $6,985 per month
