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Four-Unit Apartment Building with Laundry
For Sale
$650,000

822 Carrier Creek Boulevard NE, Grand Rapids, MI 49503

Multi Family, Grand Rapids, MI

Property SizeContact for details
Lot Size0.28 Acres
Days on Market10

Property Features for 822 Carrier Creek Boulevard NE

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description RES
Bedrooms 8
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 8, Bedroom 4, Bathroom 1, Bedroom 5, Bathroom 3, Bathroom 4, Bathroom 2, Bedroom 2, Bedroom 7, Bedroom 6, Bedroom 1, Bedroom 3
Parking 10
Parking features Driveway
Basement Walk-Out Access
Elementary school district Grand Rapids
Middle school district Grand Rapids
High school district Grand Rapids
Standard status Active
APN 41-14-20-151-028
Lot size 0.28 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description PART OF LOTS 1, 3 AND 4 OF G. VAN ESS SUB OF PART OF BLK 7, STEWARTS ADD AND PART OF LOTS 2, 3, 4 AND 5 OF GLENN C. PHELPS SUB OF PART OF BLK 7 OF STEWARTS ADD OF PART OF W 1/2 NW 1/4 OF SEC 20 T7N R11W COM AT NW COR OF LOT 2 OF G. VAN ESS SUB TH S 5 1D 27M 00S E 338.98 FT ALONG SWLY LINE OF CARRIER CREEK BLVD /80 FT WIDE/ TO BEG OF THIS DESC - TH S 36D 58M 04S W 133.25 FT ALONG SELY LINE OF LOT 2
Tax Annual Amount 11062
Legal Description PART OF LOTS 1, 3 AND 4 OF G. VAN ESS SUB OF PART OF BLK 7, STEWARTS ADD AND PART OF LOTS 2, 3, 4 AND 5 OF GLENN C. PHELPS SUB OF PART OF BLK 7 OF STEWARTS ADD OF PART OF W 1/2 NW 1/4 OF SEC 20 T7N R11W COM AT NW COR OF LOT 2 OF G. VAN ESS SUB TH S 5 1D 27M 00S E 338.98 FT ALONG SWLY LINE OF CARRIER CREEK BLVD /80 FT WIDE/ TO BEG OF THIS DESC - TH S 36D 58M 04S W 133.25 FT ALONG SELY LINE OF LOT 2

Utilities

Utilities Cable Available
Heating system Forced Air
Cooling system Central Air

Amenities

in-unit washer/dryer
central AC
solid surface floors
one-piece tub/shower
French doors
private deck/patio
dishwasher

Building Details

Year built 1982
Number of units 4
Building materials Vinyl Siding
Roof type Composition
Listing Agency: Century 21 Affiliated (GR)
Listed By: Joseph Balayti
Added: Sep 27 Changed: Oct 6 Last Checked: Oct 6 at 11:06PM
MLS# 26051651

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.

Built in 1982, this Grand Rapids quadplex contains four apartments, each with two bedrooms, one bathroom, a living room, and a dining area. The units are arranged as two lower-level and two upper-level homes, with private patios below and decks above. In-unit laundry, individual furnaces, water heaters, and central air conditioning serve each apartment. Lower-level units also have dishwashers. Recent work includes four replacement air-conditioning units, a new furnace and water heater, fresh paint in one unit, and removal of trees overhanging the roofline.

The property occupies 0.28 acres on a private drive in northeast Grand Rapids. All four apartments are leased; three have month-to-month agreements. Tenants cover gas and electric service, while ownership handles water, sewer, trash, lawn care, and snow removal. Actual rents are below HUD FY2026 Fair Market Rent for a two-bedroom unit in the Grand Rapids area.

Key Highlights

  • Four apartments, each with 2 bedrooms and 1 bathroom; approximately 900 sq ft per unit
  • All four units are leased; three leases are month‑to‑month
  • Built in 1982 on a 0.28‑acre lot

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Dental Office HVAC Service Real Estate Agency Accounting Firm Nail Salon Building Supply

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

4
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

514
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
View Realmo Analytics

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?
Quadplex - Each residence has separate heating and cooling equipment, plus a private outdoor area.
Where is this quadplex located?
The property is located at 822 Carrier Creek Boulevard NE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Four apartments, each with 2 bedrooms and 1 bathroom; approximately 900 sq ft per unit; All four units are leased; three leases are month‑to‑month; Built in 1982 on a 0.28‑acre lot
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