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

822 NE Carrier Creek Blvd NE, Grand Rapids, MI 49503

Four two-bedroom residences offer private outdoor areas and individually controlled heating and cooling.

Property SizeContact for details
Days on Market9

Property Features for 822 NE Carrier Creek Blvd NE

General Information

Standard status Active
Property subtype Investment
Occupancy 100%

Units

Unit Mix 4 x 2BR/1BA
Multifamily Units 4

Additional Details

Road Access Yes

Taxes and HOA fees

Annual Taxes $11,062

Amenities

in-unit washer/dryer
central AC
solid surface floors
one-piece tub/showers
French doors to private decks/patios
dishwashers in lower units

Building Details

Year Built 1982
Buildings 1
Units 4
Listing Agency: Century 21 Affiliated (GR)
Listed By: Joseph Balayti
Source: Elliman
Added: Sep 29 Last Checked: Oct 5 at 6:31PM

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 Century 21 Affiliated (GR)

Investment Insights

Based on property information with market context.

Built in 1982, this four-unit apartment property contains four 2-bedroom, 1-bath residences of approximately 900 square feet each. Two apartments are on the lower level and two are upstairs; each includes living and dining areas. French doors open to patios for the lower residences and private decks for the upper ones. Solid-surface flooring and one-piece tub-and-shower units are installed throughout, with dishwashers in the lower apartments.

Each residence has its own furnace, water heater, central AC, and in-unit washer and dryer. Recent work includes four replacement AC units, a new furnace and water heater, repainting one apartment, and removal of trees overhanging the roofline. The property is fully leased. Three leases are month-to-month. Tenants cover gas and electric; the owner pays water, sewer, trash, lawn care, and snow removal.

Key Highlights

  • Four 2‑bedroom, 1‑bath units, approximately 900 square feet each
  • 1982 construction; fully leased with three month‑to‑month tenancies
  • Each unit has a washer and dryer, furnace, water heater, and central AC

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
Yes
Paved road access

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
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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 - Four two-bedroom residences offer private outdoor areas and individually controlled heating and cooling.
Where is this quadplex located?
The property is located at 822 NE Carrier Creek Blvd 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 2‑bedroom, 1‑bath units, approximately 900 square feet each; 1982 construction; fully leased with three month‑to‑month tenancies; Each unit has a washer and dryer, furnace, water heater, and central AC
More about this property
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