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4,285 sqft

$599,000

1230 Alpine Avenue, Grand Rapids MI, 49504-3140

Price per sqft$139.79
Built in1888
Property size4,285 sqft
Property typeResidential

Overview

Active

Listed Oct 12, 2026

Updated 6 days ago

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!

$3,985/mo

Est. mortgage payment based on a $599,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
70563978

Interior Features

Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.15 Acres

Other Property Details

Taxes
$4,918
Tax Frequency
Annually

Also listed on REALCOMP and MichRic

MLS provider logo

Listed by Kyle Naumann with Edison Brokers & Co LLC
Listing Contact: 616-439-1190 

Based on information originating from the MiRealSource as of 10/13/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

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Data last updated on 10/13/2026 at 5:09 AM UTC

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