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    Grand Rapids, MI Triplexes for Sale

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    Renovated Historic Firehouse Triplex
    Updated: May 4
    Renovated Historic Firehouse Triplex

    40 Lexington Avenue NW, Grand Rapids, MI 49504

    $1,275,000
    0.20 AC lot
    Historic brick multi‑family property built in 1927 with forced‑air heating and central air
    3‑unit building with rooms including 4 bedrooms and 4 bathrooms across the property
    Elevator access to the upper primary unit, which has 2 bedrooms, 2 full baths, and in‑unit laundry
    Lower 1‑bedroom unit features a recently renovated kitchen with a live‑edge island and direct patio access
    Hayloft 1‑bedroom, 1‑bath unit with floor‑to‑ceiling windows and natural light
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    Triplex with New Roof
    Updated: Jun 26
    Triplex with New Roof

    233 Hollister Avenue SE, Grand Rapids, MI 49506

    $349,900
    0.14 AC lot
    Historic triplex built in 1884 with wood siding and forced‑air heating
    3‑unit property with over 2,100 sq ft total space across three units
    All units are vacant for immediate flexibility to renovate, lease, or occupy without tenant restrictions
    New roof completed in 2024
    Post‑construction permits have been obtained and the property recently appraised as‑is above the current list price
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    Three-Unit Residential Income Property
    Three-Unit Residential Income Property

    1130 Jackson Street NW, Grand Rapids, MI 49504

    $449,900
    0.13 AC lot

    Three-unit multifamily with two 2-bedroom units and one 3-bedroom unit, plus basement laundry and alley-access parking.

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    Triplex with Off-Street Parking
    Triplex with Off-Street Parking

    606 Fairview Ave NE, Grand Rapids, MI 49503

    $520,000

    Three 3-bedroom units with off-street parking and shared basement laundry, with certifications through 2/2027.

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    Grand Rapids Investment Property
    Grand Rapids Investment Property

    819 10th Street NW, Grand Rapids, MI 49504

    $354,900
    0.20 AC lot

    Three-unit investment property on the NW side of Grand Rapids.

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    Grand Rapids Multifamily Investment Opportunity
    Grand Rapids Multifamily Investment Opportunity

    827 W fulton Street, Grand Rapids, MI 49504

    $750,000
    0.11 AC lot

    Two multifamily properties available in Grand Rapids, to be sold together.

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    3-Unit Triplex with Off-Street Parking
    3-Unit Triplex with Off-Street Parking

    606 Fairview Avenue NE, Grand Rapids, MI 49503

    $520,000
    0.14 AC lot

    Triplex with three 3-bed/1-bath units, off-street parking, and shared basement laundry, with certifications through February 2027.

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    Three-Unit Residential Income Property
    Three-Unit Residential Income Property

    1130 Jackson St NW, Grand Rapids, MI 49504

    $449,900

    Three-unit rental mix of two 2-bedroom units and one 3-bedroom, with alley-access parking and shared basement laundry.

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    Three-Unit Investment Property
    Three-Unit Investment Property

    819 10th St NW, Grand Rapids, MI 49504

    $354,900

    Three-unit property with remodeled unit and separate utilities.

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    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 9 Active listings in Grand 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 Heated Driveway
    Triplex with Heated Driveway

    215-217 S 1st Street, Grand Haven, MI 49417

    $1,895,900
    0.20 AC lot

    Three-unit property with a rented front duplex and a renovated three-story rear residence.

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    Turnkey Three-Unit Triplex
    Turnkey Three-Unit Triplex

    736 N Michigan Avenue, Hastings, MI 49058

    $259,900
    0.20 AC lot

    Fully leased triplex with updated interiors and separate natural gas meters for each unit.

    View details
    Turnkey Investment Property in Grand Haven
    Turnkey Investment Property in Grand Haven

    209 Clinton Avenue, Grand Haven, MI 49417

    $749,900
    0.10 AC lot

    Fully furnished, renovated short-term rental near downtown Grand Haven.

    View details
    3 Unit Fully Leased Apartment - 502 W. State Street, Hastings MI
    3 Unit Fully Leased Apartment - 502 W. State Street, Hastings MI

    502 State St, Hastings, MI 49058

    $349,000
    2,278 sqft 0.20 AC lot

    3 Unit Apartment - Zoned as Mixed Use PUD 502 W. State Street, Hastings MI

    View details

    Grand Rapids, MI Triplexes Market Trends and Statistics

    Explore 9 triplexes for sale in Grand Rapids, MI, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 2,942 square feet of properties for sale, with an estimated market value of $715,000.

    Sale prices for three-family homes in Grand Rapids, MI start at $715,000, averaging $715,000, and reaching up to $715,000 — 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 87
    Quadplexes 17
    Apartment buildings 14
    Triplexes 9
    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
    49506 $349.9K
    49507 $399K
    49505 $450K
    49504 $515.8K
    49503 $520K

    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

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    • 49503
    • 49506

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