816 6th St NW Grand Rapids, MI 49504
Two-unit duplex near downtown Grand Rapids with strong rental income.
Property Features for 816 6th St NW
General Information
- Standard status
- Active
- Size
- 1,460 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1900
Listing office (616) 490-0945
Listing date May 21, 2026
Source Elliman
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 Paul Straub
Investment Insights
Based on property information with market context.
Key Highlights
- Generates $3,120/month in gross rental income.
- Stable cash flow with demonstrated rental performance through 2024 and 2025.
- Duplex featuring two 2‑bedroom, 1‑bath units.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.7k | $16.20 |
| − Vacancy | −$1.5k | −$1.05 |
| EGI | $22.1k | $15.15 |
| − OpEx | −$6.6k | −$4.54 |
| NOI | $15.5k | $10.60 |
