Triplex

Big Rapids, MI Triplexes for Sale

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Triplex with Attached Garage
Updated: Jan 24, 2025
Triplex with Attached Garage

117 S Warren Avenue, Big Rapids, MI 49307

$257,900
0.17 AC lot
3‑unit apartment building with current rents of $1,000 (upstairs), $700 (south), and $750 (north), all month‑to‑month
City approved for non‑related persons rental housing
Year built 1900; brick construction and forced‑air heating
Sewer: public sewer; phone available utilities
Space shown includes 6 bedrooms and 3 bathrooms across the property
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Downtown Triplex Near Ferris University
Updated: Mar 10
Downtown Triplex Near Ferris University

117 S Warren Ave, Big Rapids, MI 49307

$257,900
0.17 AC lot
Prime location in the heart of downtown, just blocks from Ferris State University
Income potential as a cash‑flowing 3‑unit apartment building with below‑market rents
Potential to add a 4th unit (contingent on city approval)
Ample parking spaces for tenants
Features an attached 2+ car garage
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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Big Rapids, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Triplex with Covered Porch
Triplex with Covered Porch

310 W Superior Street, Alma, MI 48801

$189,000
1,700 sqft 0.23 AC lot

Frame triplex built in 1967 with a covered porch and three one-bedroom, one-bath apartments.

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Three-Unit Income Property Opportunity
Three-Unit Income Property Opportunity

66 E Isabella Ave, Muskegon, MI 49442

$235,000
1,296 sqft

Rare income property featuring a house and a duplex.

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Three-Unit Multifamily Property
Three-Unit Multifamily Property

66 E Isabella Avenue, Muskegon, MI 49442

$225,000
0.20 AC lot

Two-building setup includes an occupied 3BR/2BA home and a duplex with one vacant 2BR/1BA unit.

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Three-Unit Apartment Property
Three-Unit Apartment Property

310 W Superior St, Alma, MI 48801

$189,000

Well-maintained investment property with separate gas and electrical meters for each apartment.

View details

Big Rapids, MI Triplexes Market Trends and Statistics

Explore 2 triplexes for sale in Big Rapids, MI on our real estate platform.

Sale prices for three-family homes in Big Rapids, MI average $257,900 — 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 2
Triplexes 2
Apartment buildings 1

Demographics Overview

Population 18K
Population Growth (5Y) -13.0%
Median Household Income $54,803
College Educated 41.5%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
49307 $234.9K

Taxes & Financing

Tax Rate (average for all types) 2.26%
Tax Rate vs County Average 0.19 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Mecosta County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

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

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