$995,000
1230-1246 Alpine Avenue NW
Grand Rapids, MI, 49504
High-Yield 13-Unit Portfolio | 0.6 Acres in Downtown Grand Rapids
Rare opportunity to acquire a stabilized, cash-flowing asset in the heart of Grand Rapids. This C+/B- class portfolio features 13 units spread across 6 homes on adjoining parcels, totaling 0.6 acres. With over $140,000 in annual gross rent and a history of low vacancy, this is a turnkey ‘workforce housing’ play. Major CapEx has already been addressed: all homes feature new roofs and the majority of furnaces have been recently updated. Controlled expenses and a prime location make this a premier addition to any institutional or private portfolio.
Rare opportunity to acquire a stabilized, cash-flowing asset in the heart of Grand Rapids. This C+/B- class portfolio features 13 units spread across 6 homes on adjoining parcels, totaling 0.6 acres. With over $140,000 in annual gross rent and a history of low vacancy, this is a turnkey ‘workforce housing’ play. Major CapEx has already been addressed: all homes feature new roofs and the majority of furnaces have been recently updated. Controlled expenses and a prime location make this a premier addition to any institutional or private portfolio.
Property Details
Price:
$995,000
MLS #:
26013335
Status:
Active
Beds:
0
Baths:
0
Address:
1230-1246 Alpine Avenue NW
Type:
Single Family
Subtype:
5+ Units
City:
Grand Rapids
Listed Date:
Apr 3, 2026
State:
MI
ZIP:
49504
Lot Size:
26,136 sqft / 0.60 acres (approx)
Year Built:
1888
Schools
School District:
Grand Rapids
Interior
Heating
Forced Air
Exterior
Construction Materials
Vinyl Siding, Other
Parking Features
Paved, Unpaved
Parking Spots
13
Financial
Tax Year
2024
Taxes
$12,404
Mortgage Calculator
Map
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