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    Grand Rapids, MI Triplexes for Sale

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    17 properties
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    Historic Brick Triplex
    Updated: Sep 17
    Historic Brick Triplex

    252 Madison Avenue SE, Grand Rapids, MI 49503

    $825,000
    0.18 AC lot
    Legally configured as 3 units with 2 bedrooms and 1 bathroom per unit
    6 bedrooms and 3 full bathrooms
    Built in 1880 with a brick exterior
    Newer whole‑home furnace and water heater
    2‑stall garage, driveway parking, and outdoor storage
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    Three-Unit Triplex with Separate Utilities
    Updated: Sep 10
    Three-Unit Triplex with Separate Utilities

    127 Lexington Avenue SW, Grand Rapids, MI 49504

    $399,900
    0.14 AC lot
    3‑unit triplex on 0.14 acres at 127 Lexington Avenue SW
    Separate furnace and electric service for each unit
    New siding and roof installed in 2016
    Three bedrooms, three bathrooms, and a basement
    Built in 1880 with vinyl siding and a composition roof
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    Renovated Triplex with Garage Parking
    Renovated Triplex with Garage Parking

    40 Lexington Avenue NW, Grand Rapids, MI 49504

    $1,195,000
    0.20 AC lot

    Renovated brick triplex with elevator access, outdoor areas, and shared garage amenities.

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    See hot listings in Grand Rapids

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

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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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    Triplex with Updated Unit
    Triplex with Updated Unit

    112 Eastern Avenue SE, Grand Rapids, MI 49503

    $455,000
    0.07 AC lot

    A vacant apartment across the second and third floors has a new kitchen, bathroom, and appliances.

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    3-Unit Multifamily Property
    3-Unit Multifamily Property

    859 Butterworth Street SW, Grand Rapids, MI 49504

    $319,900
    0.20 AC lot

    Occupied rental building with separate utility billing, off-street parking, and professional property management in place.

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    Historic Three-Unit Triplex
    Historic Three-Unit Triplex

    233 Hollister Avenue SE, Grand Rapids, MI 49506

    $339,900
    0.14 AC lot

    Vacant three-unit property with a 2024 roof, public sewer, and forced-air heating.

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    Three-Unit Triplex with Parking
    Three-Unit Triplex with Parking

    859 Butterworth St, Grand Rapids, MI 49504

    $319,900
    1,881 sqft

    Professionally managed multifamily property with leased units, split utilities, and off-street parking.

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    Three-Unit Multifamily Property
    Three-Unit Multifamily Property

    606 Fairview Avenue NE, Grand Rapids, MI 49503

    $520,000
    0.14 AC lot

    Three separate three-bedroom apartments include shared basement laundry and paved off-street parking.

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    Renovated Triplex with On-Site Laundry
    Renovated Triplex with On-Site Laundry

    1340 Plainfield Avenue NE, Grand Rapids, MI 49505

    $315,000
    0.14 AC lot

    Two updated units are vacant, with split utilities and laundry facilities available on the property.

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

    606 Fairview Ave NE, Grand Rapids, MI 49503

    $520,000
    3,597 sqft

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

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    Historic Three-Unit Brick Triplex
    Historic Three-Unit Brick Triplex

    252 Madison Ave SE, Grand Rapids, MI 49503

    $845,000

    Legally configured for three units with updated mechanical systems, a garage, additional parking, and outdoor storage.

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    Triplex With Two-Stall Garage
    Triplex With Two-Stall Garage

    614 Crescent St NE, Grand Rapids, MI 49503

    $485,000

    Three-unit residential property with updated interiors, off-street parking, and a separate garage.

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    Three-Unit Multifamily Property
    Three-Unit Multifamily Property

    127 Lexington Ave SW, Grand Rapids, MI 49504

    $399,900

    Three units offer separate electric service and in-unit furnaces, with tenants covering electric usage.

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    Triplex with Updated Upper Unit
    Triplex with Updated Upper Unit

    112 Eastern Ave SE, Grand Rapids, MI 49503

    $455,000

    The vacant residence offers two bonus rooms, new kitchen and bath finishes, and new appliances.

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    Historic Triplex with New Roof
    Historic Triplex with New Roof

    233 Hollister Ave SE, Grand Rapids, MI 49506

    $339,900

    Three vacant units provide flexibility for renovation, leasing, or owner occupancy in East Hills.

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    Renovated Triplex with Laundry
    Renovated Triplex with Laundry

    1340 Plainfield Ave NE, Grand Rapids, MI 49505

    $315,000

    Two updated vacant units, split utilities, and on-site laundry support flexible occupancy and property operations.

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    Based on your search, we've compiled Potential Opportunities for your consideration. Besides 17 Active Listings in Grand Rapids, MI

    Grand Rapids, MI Triplexes Market Trends and Statistics

    Explore 17 triplexes for sale in Grand Rapids, MI, showcased through 17 active listings on our real estate platform. These investment opportunities span a total of 6,028 square feet of properties for sale, with an estimated market value of $9,244,400.

    Sale prices for three-family homes in Grand Rapids, MI start at $315,000, averaging $543,788, and reaching up to $1,195,000 — 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 156
    Quadplexes 21
    Triplexes 17
    Apartment buildings 16

    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
    49505 $315K
    49506 $339.9K
    49503 $589.3K
    49504 $641.6K

    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.

    How Realmo verifies these figures

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    Browse Triplexes for Sale Near Grand Rapids, MI

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    Most Searched ZIP Codes in Grand Rapids, MI

    • 49503
    • 49504
    • 49505
    • 49506

    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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