28-Unit Apartment
For Sale
$2,125,000
863 Lincoln Ave, Holland, MI 49423
Two parcels contain apartment buildings and a single-family rental, with RMU zoning and full occupancy reported.
Property Size15,284 SF
Price / SF$139.03
Days on Market77
Property Features for 863 Lincoln Ave
General Information
Standard status
Active
Size
15,284 SF
Property subtype
Multifamily
Zoning
RMU
Occupancy
100%
Net Operating Income
$243,336
Financials
Asking Price
$3,500,000
Cap Rate
6.95%
Additional Details
Multifamily Units
28
Building Details
Year Built
1977
Buildings
3
Listing Agency:
Pantheon Commercial LLC
(312) 550-4889
Listed By:
Aaron Eichenberg · License #MI 6502430903
(312) 550-4889
Source:
Carwm.resimplifi
Added: Jun 15
Changed: Aug 29
Last Checked: Aug 29 at 10:59AM
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 Pantheon Commercial LLC
Investment Insights
Based on property information with market context.
The Lincoln Avenue offering includes three buildings across two parcels: an 11-unit apartment building at 956 Lincoln Avenue, a 16-unit apartment building at 863 Lincoln Avenue, and a single-family rental house on the 863 parcel. The buildings were constructed in 1977, and the portfolio contains 15,284 square feet. All townhouse units are configured as 2BR/1.5BA. The properties are offered together or by separate parcel, with 956 Lincoln offered alongside 863 and 857 Lincoln as a combined package.
Occupancy is reported at 100% based on the 6/1/26 rent roll. The portfolio is zoned RMU and includes 28 total units across the apartment buildings and rental house. The Holland location is supported by nearby advanced manufacturing employers and Hope College, which has approximately 3,400 students plus faculty.
Occupancy is reported at 100% based on the 6/1/26 rent roll. The portfolio is zoned RMU and includes 28 total units across the apartment buildings and rental house. The Holland location is supported by nearby advanced manufacturing employers and Hope College, which has approximately 3,400 students plus faculty.
Key Highlights
- 28‑unit offering across three buildings and two parcels
- 863 Lincoln Avenue includes a 16‑unit apartment building plus a single‑family rental house
- 956 Lincoln Avenue contributes an 11‑unit apartment building
Property Analytics
Current Use
Lease Details
28
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
276
Businesses Nearby
Explore this area
Business Placement
Demographics for 49423, MI
46,870
Population
19,019
Households
2.5
Avg Household Size
37
Median Age
37%
College-Educated
92%
High-School Grad
77.9 sq mi
ZIP Area
602
Density / Sq Mi
$78,524
Median Household Income
$36,643
Median Earnings
$1,143
Median Rent
$254,800
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 - Two parcels contain apartment buildings and a single-family rental, with RMU zoning and full occupancy reported.
Where is this apartment building located?
The property is located at 863 Lincoln Ave Holland, MI.
What is the asking price?
The asking price for this property is $2,125,000.
What are key features of this property?
This property features: 28‑unit offering across three buildings and two parcels; 863 Lincoln Avenue includes a 16‑unit apartment building plus a single‑family rental house; 956 Lincoln Avenue contributes an 11‑unit apartment building
