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    Grand Rapids, MI Multifamily Properties for Sale

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    Mixed-Use Building with Street-Level Unit
    Updated: Jul 21
    Mixed-Use Building with Street-Level Unit

    1205 Bridge Street NW, Grand Rapids, MI 49504

    $649,900
    2,789 sqft 0.11 AC lot
    Fully renovated mixed‑use property with 3 separate units: Unit A (street‑level retail/office), Unit B (1 bed/1 bath), and Unit C (3 bed/1 bath).
    Four off‑street parking spots included.
    Central air cooling plus multiple heating types listed: baseboard, hot water (heating), forced air, and radiant heat.
    Year built: 1946.
    Interior features include broadband; cable available.
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    Renovated Retail and Apartments
    Updated: Jan 15
    Renovated Retail and Apartments

    953 Fulton Street E, Grand Rapids, MI 49503

    $1,050,000
    4,614 sqft 0.05 AC lot
    Commercial building with brick and stone exterior, built in 1929
    Updated systems: new roof with 20‑year warranty, new HVAC, updated plumbing and electrical
    Retail space divided into a market and a hair salon
    Includes two remodeled apartments in addition to retail space
    Heated by forced air and cooled with central air
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    Five-Unit Apartment Building
    Five-Unit Apartment Building

    450 Fountain Street NE, Grand Rapids, MI 49503

    $845,000
    0.45 AC lot

    Historic character, refreshed interiors, leased residences, garage spaces, and on-site parking define this multifamily property.

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    See what stands out in Kent County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

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    Five-Unit Apartment Building
    Five-Unit Apartment Building

    623 Cherry St SE, Grand Rapids, MI 49503

    $689,900
    3,017 sqft

    Five 1-bed, 1-bath units with off-street parking, currently generating stated monthly rent.

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    Five-Unit Apartment Building
    Five-Unit Apartment Building

    623 Cherry Street SE, Grand Rapids, MI 49503

    $689,900
    0.39 AC lot

    Five 1BR/1BA units with off-street parking, offering a straightforward multifamily configuration in Grand Rapids.

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    Side-by-Side Duplex with Basements
    Side-by-Side Duplex with Basements

    609 & 611 SE Wealthy Street SE, Grand Rapids, MI 49503

    $674,900
    0.19 AC lot

    Two residential units offer separate utilities, basement laundry, and off-street parking.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Renovated Duplex With Two Units
    Renovated Duplex With Two Units

    815 Davis Avenue NW, Grand Rapids, MI 49504

    $379,999
    0.18 AC lot

    Permitted and occupancy-approved, with two updated units and main-floor laundry in each.

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    Historic Mixed-Use Redevelopment Property
    Historic Mixed-Use Redevelopment Property

    1007 Wealthy St SE, Grand Rapids, MI 49506

    $475,000
    3,600 sqft

    Approved plans combine residential units with adaptable main-floor commercial space along Wealthy Street.

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    Updated Duplex with Private Yard
    Updated Duplex with Private Yard

    900 Fountain Street NE, Grand Rapids, MI 49503

    $345,000
    0.11 AC lot

    Two apartments offer separate utility systems, shared laundry, basement storage, and a private driveway.

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    Ranch-Style Duplex with Garage
    Ranch-Style Duplex with Garage

    944 Lancashire Court SE, Grand Rapids, MI 49508

    $384,900
    0.30 AC lot

    Two residential units offer painted interiors, laundry hookups, and an owner’s unit with a fireplace and sunroom.

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    Renovated Historic Triplex
    Renovated Historic Triplex

    40 Lexington Avenue Northwest, Grand Rapids, MI 49504

    $1,195,000
    550 sqft

    Three-unit historic firehouse conversion with elevator access, garage parking, outdoor areas, and distinctive architectural details.

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    Historic Duplex Carriage House
    Historic Duplex Carriage House

    211 Charles Avenue SE, Grand Rapids, MI 49503

    $355,000
    0.20 AC lot

    Two one-bedroom residences occupy a historic rear-lot carriage house with driveway parking and a basement.

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    Character Duplex with Attic
    Character Duplex with Attic

    745 Prospect Avenue SE, Grand Rapids, MI 49503

    $319,500
    0.10 AC lot

    Two-level duplex with separate laundry and storage areas, original detailing, and a vacant upper residence.

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    Updated Up-and-Down Duplex
    Updated Up-and-Down Duplex

    939 Prospect Ave NE, Grand Rapids, MI 49503

    $259,900
    1,463 sqft

    Two vacant apartments offer separate electrical metering and rear off-street parking.

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    Duplex with Detached Garage
    Duplex with Detached Garage

    909 Hall Street SE, Grand Rapids, MI 49507

    $269,900
    0.13 AC lot

    Income-producing duplex with separate utility meters, individual entrances, and a rear garage near downtown employment and amenities.

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    Renovated Brick Triplex
    Renovated Brick Triplex

    40 Lexington Avenue NW, Grand Rapids, MI 49504

    $1,195,000
    0.20 AC lot

    Historic character, flexible unit layouts, private outdoor areas, and substantial on-site parking support a distinctive multifamily offering.

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    Four-Story Apartment Building with Office
    Four-Story Apartment Building with Office

    20-22 Crescent Street Northeast, Grand Rapids, MI 49503

    $1,350,000
    1,000 sqft

    Four-story property in downtown Grand Rapids combines residential units with a flexible main-level office area.

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    Duplex with Radiant Heating
    Duplex with Radiant Heating

    4550 Bowen Boulevard SE, Grand Rapids, MI 49508

    $419,900
    0.96 AC lot

    Duplex on 0.96 acres with radiant heat, metal roof, and cable available near 4550 Bowen Boulevard SE.

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    Historic Quadplex with Pool
    Historic Quadplex with Pool

    304 Paris Avenue Southeast, Grand Rapids, MI 49503

    $750,000
    1,060 sqft

    Historic character, an updated kitchen, an inground pool, and an oversized garage define this residential income property.

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    Duplex with Unfinished Attic
    Duplex with Unfinished Attic

    1215 Lake Drive SE, Grand Rapids, MI 49506

    $499,900
    0.15 AC lot

    One apartment is vacant, while the other is occupied under a month-to-month lease.

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    Updated Duplex with Garage
    Updated Duplex with Garage

    30 SW Putnam St, City Of, Grand Rapids, MI 49507

    $325,000
    2,446 sqft

    Renovated electrical, plumbing, kitchens, bathrooms, flooring, and interior finishes throughout.

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    Two-Unit Duplex with Deep Yard
    Two-Unit Duplex with Deep Yard

    425 Adams Street SE, Grand Rapids, MI 49507

    $232,000
    0.15 AC lot

    Two 2-bedroom, 1-bath units include one occupied residence and one vacant unit ready for occupancy.

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    Three-Unit Mixed-Use Building
    Three-Unit Mixed-Use Building

    2164 Division Ave S, Grand Rapids, MI 49507

    $295,000
    2,583 sqft

    Includes one commercial suite and two residential apartments with on-site parking.

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    Historic Quadplex with Pool
    Historic Quadplex with Pool

    304 Paris Avenue SE, Grand Rapids, MI 49503

    $750,000
    0.27 AC lot

    Four-unit property featuring original woodwork, leaded windows, hardwood floors, and an inground pool.

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    Grand Rapids, MI Multifamily Properties Market Trends and Statistics

    Explore 181 multifamily properties for sale in Grand Rapids, MI, showcased through 181 active listings on our real estate platform. These investment opportunities span a total of 838,560 square feet of properties for sale, with an estimated market value of $90,165,496.

    Sale prices for multifamily properties in Grand Rapids, MI start at $192,500, averaging $515,231, and reaching up to $12,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 133
    Apartment buildings 23
    Triplexes 15
    Quadplexes 10

    Demographics Overview

    Population 434K
    Population Growth (5Y) +2.4%
    Median Household Income $74,271
    College Educated 24.5%

    High-Yield Neighborhoods for Investment

    Identify Grand Rapids submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49534 $192.5K
    49507 $267.7K
    49544 $284.9K
    49548 $360.5K
    49504 $404K

    Taxes & Financing

    Tax Rate (average for all types) 3.15%
    Property Tax per SF $44.85 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Kent County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Kent County

    Retail

    Office

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Grand Rapids fall within the 10,000 to 25,000 square foot range.

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    Browse Multifamily properties for Sale Near Grand Rapids, MI

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    Most Searched ZIP Codes in Grand Rapids, MI

    • 49504
    • 49503
    • 49507
    • 49506
    • 49505
    • 49508
    • 49548
    • 49546
    • 49501
    • 49525
    • 49534
    • 49544

    Featured Grand Rapids Real Estate Agencies

    Realmo connects you with licensed Grand Rapids CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Greenridge Realty Inc.
    3115 Orchard Vista Dr. S.E. Grand Rapids, MI 49546
    Phone: 16169745042
    www.greenridge.com/
    Berkshire Hathaway HomeServices Michigan Real Estate
    3000 E Beltline NE Grand Rapids, MI 49525
    Phone: 18778087007
    www.BHHSMichiganRealEstate.com

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