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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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1230 Alpine Ave NW , Grand Rapids, MI 49504
$599,000
Est. Payment: $1,331.11/mo
0.15 Acres
Status: active | Days on site: 8
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Agent profile image
Jim Blehm
Team Owner, Realtor®

House Description

Excellent investment opportunity in Grand Rapids' West Grand neighborhood! This fully occupied, five-unit property features a four-unit building plus a standalone single-family home, currently generating $64,920 in gross annual rental income (assuming full occupancy). The unit mix includes two 2-bedroom, 1-bathroom units, two 3-bedroom, 1-bathroom units, and a separate 2-bedroom, 1.5-bathroom home. Each unit is equipped with its own electric meter, water heater, and furnace, providing added independence for tenants and streamlined utility management. 4 of the 5 water heaters were replaced in September 2026. Even better, the property is certified with the City of Grand Rapids through 2030, with certification transferable to the new owner. A compelling opportunity for investors seeking an established, income-producing property or a potential destination for 1031 exchange funds. Add this West Grand multifamily investment to your portfolio!

Highlights

Listed by Kyle P Naumann , 616-581-1433 Edison Brokers & Co LLC , 616-439-1190. MichRIC

Property Type

Multi-Family

Lot/Acreage
0.15

Year Built

1888

County

Kent

School District

Grand Rapids

Listing ID

26054324

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Interior Features

Basement:Michigan Basement

Exterior Features

Garage Capacity:6
Roof:Rubber
Sewer:Public Sewer
Parking Features:Asphalt,Driveway,Gravel
Principal Interest
$1,331
Taxes
$410

Home Price

$599,000

Loan Details

30 yrs
0%

Down Payment

20%
$119,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,331.11

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,331.11 $409.82 $0.00 $1,740.93
Yearly $15,973.33 $4,917.85 $0.00 $20,891.18
Total $479,200.00 $147,535.50 $0.00 $626,735.50
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Brian Belinger
Loan Originator
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Market insight data is pulled from the same city as the listing being viewed (Grand Rapids, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Southwestern Michigan Regional Information Center, LLC and is deemed reliable but not guaranteed accurate.

Data last updated: 2026-11-01T14:17:27.000Z

© 2026 MichRIC