Five-Unit Apartment
For Sale
$689,900
623 Cherry Street SE, Grand Rapids, MI 49503
MULTI_FAMILY - Grand Rapids, MI
Property SizeContact for details
Lot Size0.39 Acres
Days on Market58
Property Features for 623 Cherry Street SE
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
RES
Bedrooms
5
Full bathrooms
5
Rooms
Bedroom 1, Bedroom 4, Bathroom 5, Bathroom 4, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 5, Bathroom 3, Bedroom 3, Basement
Parking
4
Elementary school district
Grand Rapids
Middle school district
Grand Rapids
High school district
Grand Rapids
Directions
North side of Cherry St , just East of Union
Standard status
Active
APN
41-14-30-432-039
Lot size
0.39 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
W 64 FT OF LOT 7 * KELLOGG'S SUBDIVISION
Tax Annual Amount
16500
Legal Description
W 64 FT OF LOT 7 * KELLOGG'S SUBDIVISION
Utilities
Heating system
Forced Air
Building Details
Year built
1875
Number of units
5
Building materials
Wood Siding
Listing Agency:
Five Star Real Estate (Ada)
(616) 425-7600
Listed By:
Lauren Karsten · License #6501375963
(616) 690-8355
Added: Jun 15
Changed: Jul 25
Last Checked: Aug 11 at 2:06AM
MLS# 26029645
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.
This five-unit apartment building offers five individually laid-out residences, each configured as a 1-bedroom, 1-bath unit. The property is positioned for rental use and includes ample off-street parking to support tenant convenience.
The building is located at 623 Cherry Street SE in Grand Rapids, within close reach of Medical Mile, downtown Grand Rapids, and a range of shopping, dining, and local coffee options. The surrounding area also includes nightlife and restaurants, placing everyday amenities within an accessible drive.
For investors or owner-operators seeking a compact multifamily asset, the consistent unit mix can simplify leasing and operations. Off-street parking further helps accommodate tenants and visitors, making the property practical for maintaining day-to-day functionality. For details on availability and showing instructions, contact the listing broker.
The building is located at 623 Cherry Street SE in Grand Rapids, within close reach of Medical Mile, downtown Grand Rapids, and a range of shopping, dining, and local coffee options. The surrounding area also includes nightlife and restaurants, placing everyday amenities within an accessible drive.
For investors or owner-operators seeking a compact multifamily asset, the consistent unit mix can simplify leasing and operations. Off-street parking further helps accommodate tenants and visitors, making the property practical for maintaining day-to-day functionality. For details on availability and showing instructions, contact the listing broker.
Key Highlights
- Cherry Hill 5‑unit property built in 1875
- All units are 1‑bedroom/1‑bath
- Total monthly rent reported: $6,985/month
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Five 1BR/1BA units with off-street parking, offering a straightforward multifamily configuration in Grand Rapids.
Where is this apartment building located?
The property is located at 623 Cherry Street 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: Cherry Hill 5‑unit property built in 1875; All units are 1‑bedroom/1‑bath; Total monthly rent reported: $6,985/month
