28-Unit Apartment
For Sale
$1,375,000
956 Lincoln Ave, Holland, MI 49423
Three-building multifamily offering with all two-bedroom units and full occupancy across two Lincoln Avenue parcels.
Property Size9,900 SF
Price / SF$138.89
Days on Market77
Property Features for 956 Lincoln Ave
General Information
Standard status
Active
Size
9,900 SF
Property subtype
Multifamily
Zoning
RMU
Occupancy
100%
Net Operating Income
$243,336
Financials
Asking Price
$3,500,000
Cap Rate
6.95%
Gross Income
$369,024
Units
Unit Mix
28 x 2BR/1.5BA
Multifamily Units
28
Building Details
Year Built
1979
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 11:36AM
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 comprises 28 multifamily units across three buildings on two parcels in Holland. The property includes 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 at 857 Lincoln Avenue. The apartments are configured as two-bedroom, one-and-a-half-bath units. The buildings were constructed in 1977 and 1979, and the portfolio is zoned RMU.
Occupancy was 100% on the 6/1/26 rent roll. The assets may be acquired together or by separate parcel, with 956 Lincoln Avenue offered independently from the combined 863 and 857 Lincoln Avenue properties. Holland’s employment base includes more than 100 industrial employers within a ten-mile radius, while Hope College contributes approximately 3,400 students plus faculty. The Holland-Zeeland multifamily submarket is reported at 99.6% occupancy, with 1.2% of inventory under construction.
Occupancy was 100% on the 6/1/26 rent roll. The assets may be acquired together or by separate parcel, with 956 Lincoln Avenue offered independently from the combined 863 and 857 Lincoln Avenue properties. Holland’s employment base includes more than 100 industrial employers within a ten-mile radius, while Hope College contributes approximately 3,400 students plus faculty. The Holland-Zeeland multifamily submarket is reported at 99.6% occupancy, with 1.2% of inventory under construction.
Key Highlights
- 28 units across three buildings and two parcels
- 100% occupied on the 6/1/26 rent roll
- All apartments are configured as 2BR/1.5BA units
Property Analytics
Property Profile
Current Use
Lease Details
28
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
290
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 - Three-building multifamily offering with all two-bedroom units and full occupancy across two Lincoln Avenue parcels.
Where is this apartment building located?
The property is located at 956 Lincoln Ave Holland, MI.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: 28 units across three buildings and two parcels; 100% occupied on the 6/1/26 rent roll; All apartments are configured as 2BR/1.5BA units
