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    Grand Rapids, MI Multifamily Properties for Sale

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    Versatile Commercial Building in Grand Rapids
    Updated: Jan 15
    Versatile Commercial Building in Grand Rapids

    953 Fulton Street E, Grand Rapids, MI 49503

    $1,050,000
    4,614 sqft 0.05 AC lot
    Prime location in the heart of the Fulton Heights Business District, minutes from downtown Grand Rapids and I‑96.
    Versatile commercial building with retail space (market, hair salon) and two remodeled apartments.
    Recently renovated with new roof (20‑year warranty), new HVAC, updated plumbing and electrical.
    Income potential from retail spaces and apartments.
    Brick and stone construction.
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    This listing looks promising.

    Here's a quick look at some key insights for

    953 Fulton Street E, Grand Rapids, MI 49503

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    • Est. Cap Rate

      6.4%
      Above avg (5.9%)

    • Est. NOI

      $67K
      Annual

    • Mortgage

      $525K
      Apr 2022

    • Property Type

      Commercial (General)
      Built 1929
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    Updated Duplex in Breton Village
    Updated: Apr 17
    Updated Duplex in Breton Village

    2561-2563 Burton Street SE, Grand Rapids, MI 49546

    $439,900
    2,000 sqft 0.23 AC lot
    Prime location in highly desirable Breton Village, near shopping, dining, and amenities.
    Turnkey duplex with nearly 2,000 square feet of updated living space.
    Fully leased with reliable tenants, ensuring immediate rental income.
    Each unit features 2 bedrooms and 1 full bathroom with thoughtfully renovated interiors.
    Ample parking, a rare convenience in Breton Village.
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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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    5-Unit Multifamily Investment
    5-Unit Multifamily Investment

    549 LOGAN ST SE, Grand Rapids, MI 49503

    $825,000
    3,636 sqft

    Fully occupied 5-unit multifamily property in Grand Rapids’ Heritage Hill Historic District.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Turnkey Four-Unit Apartment
    Turnkey Four-Unit Apartment

    823 Benson Avenue NE, Grand Rapids, MI 49503

    $645,000
    0.34 AC lot

    Well-maintained four-unit property with fully remodeled one-bedroom, one-bath apartments and in-unit laundry plus off-street parking.

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    Four-Unit Residential Income Property
    Four-Unit Residential Income Property

    834 Sherman Street SE, Grand Rapids, MI 49506

    $525,000
    0.16 AC lot

    Four-unit apartment building with two 2-bedroom units and two 1-bedroom units.

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    Renovated Historic Firehouse Triplex
    Renovated Historic Firehouse Triplex

    40 Lexington Avenue NW, Grand Rapids, MI 49504

    $1,275,000
    0.20 AC lot

    Three renovated units in a former firehouse, with garage parking and outdoor living, plus potential for a fourth unit.

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    Turnkey Tenant-Occupied Duplex
    Turnkey Tenant-Occupied Duplex

    2708-2710 44th Street, Grand Rapids, MI 49512

    $315,000
    550 sqft

    Tenant-occupied duplex with two separate units, garage parking, and recent furnace replacement for dependable income property ownership.

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    Four-Unit Residential Income Property
    Four-Unit Residential Income Property

    304 Paris Avenue SE, Grand Rapids, MI 49503

    $839,000
    0.27 AC lot

    Historic four-unit building with an owner’s remodeled kitchen, updated third unit, and an inground pool.

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    Daylight Ranch Duplex
    Daylight Ranch Duplex

    400-402 60th Street SE, Grand Rapids, MI 49548

    $439,900
    0.38 AC lot

    Daylight ranch duplex with two 3-bedroom, 2-bath units, garage parking, laundry hookups, and a large shared backyard.

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    Duplex with Ample Parking
    Duplex with Ample Parking

    855 Adams Street Southeast, Grand Rapids, MI 49507

    $265,000
    775 sqft

    Two-unit duplex on a corner lot with a detached garage and ample parking, including one occupied 2-bedroom unit.

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    Duplex with Detached Two-Car Garage
    Duplex with Detached Two-Car Garage

    1501 College Avenue NE, Grand Rapids, MI 49505

    $299,900
    0.23 AC lot

    Duplex with two 2-bedroom units, in-unit laundry, and a large basement plus detached two-stall garage.

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    Two-Family Duplex Property
    Two-Family Duplex Property

    944 Caulfield Avenue SW, Grand Rapids, MI 49503

    $255,000
    0.11 AC lot

    Two-family duplex with two bedrooms and two full bathrooms per unit and updated mechanicals and electrical panels.

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    Updated Duplex in Breton Village
    Updated Duplex in Breton Village

    2561-2563 Burton St SE, Grand Rapids, MI 49546

    $439,900
    2,000 sqft

    Turnkey duplex in desirable Breton Village, ideal for investors.

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    Two-Unit Duplex Investment
    Two-Unit Duplex Investment

    717-719 5th Street NW, Grand Rapids, MI 49504

    $325,000
    0.14 AC lot

    Duplex with separate laundry areas, covered front porch, and major upgrades including a 2025 roof.

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    Mixed-Use Four-Story Building
    Mixed-Use Four-Story Building

    20 & 22 Crescent Street NE, Grand Rapids, MI 49501

    $1,350,000
    0.07 AC lot

    Four-story property with five residential units and a main-floor office space featuring a kitchen, full bath, and washer/dryer hookup.

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    Grand Rapids Income-Producing Duplex
    Grand Rapids Income-Producing Duplex

    340 Cherry St SE, Grand Rapids, MI 49503

    $869,000
    0.14 AC lot

    Spacious duplex in Heritage Hill, ideal for investors.

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    Two-Unit Duplex with Separate Utilities
    Two-Unit Duplex with Separate Utilities

    510 La Grave Avenue SE, Grand Rapids, MI 49503

    $299,900
    0.11 AC lot

    Duplex with two private residences, separate electric meters, individual furnaces, and dedicated laundry for each unit.

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    Side-by-Side Duplex Investment
    Side-by-Side Duplex Investment

    661 - 663 Coleman St SE, Cutlerville, MI 49548

    $389,000
    2,600 sqft

    Well-maintained duplex with two matching 3-bedroom units and recent roof and mechanical upgrades.

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    Turnkey Duplex with Private Entrances
    Turnkey Duplex with Private Entrances

    437 Rosewood Avenue SE, Grand Rapids, MI 49506

    $479,900
    0.10 AC lot

    Well-maintained duplex with private entrances, central A/C, shared basement laundry, and a 2-stall garage.

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    Side-by-Side Duplex for Sale
    Side-by-Side Duplex for Sale

    701-703 Coleman St SE, Cutlerville, MI 49548

    $389,000
    1,300 sqft

    Well-maintained side-by-side duplex with updated mechanicals and separately metered utilities for flexible ownership.

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    Well-Maintained Duplex with Two 2BR Units
    Well-Maintained Duplex with Two 2BR Units

    820 McReynolds Avenue NW, Grand Rapids, MI 49504

    $352,000
    0.18 AC lot

    Two separate 2-bedroom, 1-bath units with updated flooring and off-street parking behind the home.

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    Grand Rapids Condo with Updates
    Grand Rapids Condo with Updates

    476 Barkwood Ct, Grand Rapids, MI 49534

    $192,500
    1,100 sqft

    Two-bedroom condo with new deck, water heater, and in-unit laundry.

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    Fully Occupied Up-Down Duplex
    Fully Occupied Up-Down Duplex

    1242 Alpine Avenue NW, Grand Rapids, MI 49504

    $225,000
    0.15 AC lot

    Up-down duplex with two separately metered 1-bedroom units and off-street parking.

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    Grand Rapids, MI Multifamily Properties Market Trends and Statistics

    Explore 127 multifamily properties for sale in Grand Rapids, MI, showcased through 127 active listings on our real estate platform. These investment opportunities span a total of 22,877 square feet of properties for sale, with an estimated market value of $5,876,300.

    Sale prices for multifamily properties in Grand Rapids, MI start at $192,500, averaging $452,023, and reaching up to $1,050,000 — 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 86
    Quadplexes 18
    Apartment buildings 14
    Triplexes 10
    Small apartment buildings 1

    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 $284.1K
    49512 $315K
    49548 $370.5K
    49504 $386.4K

    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

    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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    Most Searched ZIP Codes in Grand Rapids, MI

    • 49504
    • 49503
    • 49505
    • 49507
    • 49506
    • 49548
    • 49546
    • 49508
    • 49501
    • 49512
    • 49534

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