Multifamily Rental
For Sale
$280,000
727 NW 6th Street NW, Grand Rapids, MI 49504
Currently operated as a rental, the property is offered in as-is condition.
Property Size2,412 SF
Lot Size0.13 Acres
Price / SF$116.09
Days on Market77
Property Features for 727 NW 6th Street NW
General Information
Standard status
Active
Size
2,412 SF
Lot size
0.13 Acres
Property subtype
2 to 4 Units
Site & Location
Neighborhood
West Grand
Highway Access
Yes
Additional Details
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$2,270
Building Details
Year Built
1918
Listing Agency:
Coldwell Banker Woodland Schmidt
Listed By:
JJ Lozano
(616) 422-3077
Source:
Carinirealtors
Added: Aug 14
Changed: Oct 26
Last Checked: Oct 26 at 11:26AM
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 Coldwell Banker Woodland Schmidt
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Investment Insights
Based on property information with market context.
Built in 1918, this multifamily property contains approximately 2,412 square feet and two bathrooms on a 0.13-acre lot. It is currently operated as a rental and is being sold as-is. No recent updates are reported, and tenant and rental history can be provided upon request.
The property is in Grand Rapids, minutes from downtown, with access to Bridge Street shops and restaurants, Grand Rapids Community College, John Ball Zoo, and major highway corridors. Buyers should verify rents, occupancy, condition, and compliance with local rental licensing requirements.
The property is in Grand Rapids, minutes from downtown, with access to Bridge Street shops and restaurants, Grand Rapids Community College, John Ball Zoo, and major highway corridors. Buyers should verify rents, occupancy, condition, and compliance with local rental licensing requirements.
Key Highlights
- 1918 construction
- Approximately 2,412 square feet and two bathrooms
- 0.13‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,895
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,900
$457.9K
Cap Rate 7%
$327,071
$327.1K
Cap Rate 9%
$254,389
$254.4K
Market Conditions
NOI Build-Up for 2,412 SF
Gross rent
$44.3K $18.36/SF
− Vacancy
−$2.7K −$1.10/SF
EGI
$41.6K $17.26/SF
− OpEx
−$18.7K −$7.77/SF
NOI
$22.9K $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%
$457,900
Cap Rate 7%
$327,071
Cap Rate 9%
$254,389
Alternative Uses
Best Use
Apartment 5plus
$327.1K
$286.2K – $381.6K
NOI $22,895 @ 7.0% cap · market cap 8.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$559.8K
$489.8K – $653.1K
NOI $39,183 @ 7.0% cap · market cap 13.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,270
Businesses Nearby
Explore this area
Business Placement
Demographics for 49504, MI
41,249
Population
18,830
Households
2.2
Avg Household Size
33
Median Age
39%
College-Educated
90%
High-School Grad
11.1 sq mi
ZIP Area
3,716
Density / Sq Mi
$68,326
Median Household Income
$41,138
Median Earnings
$1,145
Median Rent
$222,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Multifamily property - Currently operated as a rental, the property is offered in as-is condition.
Where is this multifamily property located?
The property is located at 727 NW 6th Street NW Grand Rapids, MI.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: 1918 construction; Approximately 2,412 square feet and two bathrooms; 0.13‑acre lot
