1230-1246 Alpine Avenue NW, Grand Rapids, MI 49504

New Listing
$995,000
Property Type: Multi Family Lot Size (sq. ft.): 26,136 Status: Active
Current Price: $995,000 List Date: 4/03/2026 Last Modified: 4/03/2026

Overview

Description

High-Yield 13-Unit Portfolio | 0.6 Acres in Downtown Grand RapidsRare 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.

Listing Details MLS# 26013335

Location Property Info

County
Kent
Street #
1230-1246
Street Name
Alpine
Suffix
Avenue
Post Direction
NW
State
MI
Zip Code
49504
Zip (4)
3140

General Property Info

Lot Measurement
Acres
Lot Square Footage
26136
Lot Acres
0.6
Lot Dimensions
194x134
Year Built
1888
New Construction
No
Financial Available
Yes
Cert of Compliance
Yes
Road Frontage
194
Total # Units
13
# of Diff Unit Floor Plans
13
Total # Bldgs
6
Total Approx. SqFt All Bldgs
10507
Total Parking Spaces
13
Waterfront
No
School District
Grand Rapids
Basement
Yes

Tax Info

Tax ID #
41-13-13-356-009 --012
Taxable Value
239197
SEV
523200
For Tax Year
2024
Seller's Annual Property Tax
12404.16
Tax Year
2024
Spec Assessment & Ty
none known
Zoning
COMM-IMP
Homestead %
0

Access Feat

Accessibility Features
No

Unit 1

Unit Description
1228
Occupied
Yes
Monthly Rent
875
Bathrooms
Yes
Full Baths
Yes
SqFt
0

More Information

Unit 2

Unit Description
1230 -1
Occupied
Yes
Monthly Rent
1095
Bathrooms
Yes
Full Baths
Yes
SqFt
0

Unit 3

Unit Description
1230-2
Occupied
Yes
Monthly Rent
1095
Bathrooms
Yes
Full Baths
Yes
SqFt
0

Unit 4

Unit Description
1232-1
Occupied
Yes
Monthly Rent
1095
Bathrooms
Yes
Full Baths
Yes
SqFt
0

Unit 5

Unit Description
1232-2
Occupied
Yes
Monthly Rent
1050
Bathrooms
Yes
Full Baths
Yes
SqFt
0

Unit 6

Unit Description
1236-1
Occupied
Yes
Monthly Rent
995
Bathrooms
Yes
Full Baths
Yes
SqFt
0

Unit 7

Unit Description
1236-2
Occupied
Yes
Bathrooms
Yes
Full Baths
Yes
Monthly Rent
995
SqFt
0

Unit 8

Unit Description
1242-1
Occupied
Yes
Monthly Rent
875
Bathrooms
Yes
Full Baths
Yes
SqFt
0

Unit 9

Unit Description
1242-2
Occupied
Yes
Monthly Rent
925
Bathrooms
Yes
Full Baths
Yes
SqFt
0

Unit 10

Unit Description
1246-1F
Occupied
Yes
Monthly Rent
1095
Bathrooms
Yes
Full Baths
Yes
SqFt
0

Unit 11

Unit Description
1246-1R
Occupied
Yes
Monthly Rent
775
Bathrooms
Yes
Full Baths
Yes
SqFt
0

Unit 12

Unit Description
1246-2F
Occupied
Yes
Monthly Rent
1100
Bathrooms
Yes
Full Baths
Yes
SqFt
0

Location & Property Info

Cross Streets
Courtney
Property Sub-Type
5+ Units
Municipality
City of Grand Rapids

Office/Contract Info

Auction or For Sale
For Sale
List Price/SqFt
94.7

Remarks & Misc

Public Remarks
High-Yield 13-Unit Portfolio | 0.6 Acres in Downtown Grand RapidsRare 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.
Legal
LOT 1180*, 1181*, 1182*, AND 1183* PANFIL S ASSESSOR S PLAT NO 54* OF LOTS 1, 2, 4, 5, 20, 21, 22, 23 & 24 OF PATRICK TREGENT S ADD

Lot Description

Level
Yes
Sidewalk
Yes

Street Type

Paved
Yes
Public
Yes

Util Avail at Street

Electricity Available
Yes
Natural Gas Available
Yes
Phone Available
Yes
Public Sewer
Yes
Public Water
Yes

Utilities Attached

Natural Gas Connected
Yes

Sewer

Public Sewer
Yes

Water

Public Water
Yes

Terms Available

Cash
Yes
Other
Yes

Exterior Material

Vinyl Siding
Yes
Other
Yes

Heat Source

Natural Gas
Yes

Sale Conditions

None
Yes

Heat Type

Forced Air
Yes

Tenant Pays

Electric
Yes
Gas
Yes

Driveway

Paved
Yes
Shared Paved
Yes
Shared Unpaved
Yes
Unpaved
Yes

Substructure

Full
Yes
Other
Yes

Owner Pays

Trash Collection
Yes
Water
Yes

Possession

Close Of Escrow
Yes
Subject To Tenant Rights
Yes

Property Features

Exterior Material: Vinyl Siding; Other Substructure: Full; Other Lot Description: Level; Sidewalk Sewer: Public Sewer Water: Public Water Utilities Attached: Natural Gas Connected Util Avail at Street: Electricity Available; Natural Gas Available; Phone Available; Public Sewer; Public Water Owner Pays: Trash Collection; Water Tenant Pays: Electric; Gas Heat Source: Natural Gas Heat Type: Forced Air Driveway: Paved; Shared Paved; Shared Unpaved; Unpaved Street Type: Paved; Public Terms Available: Cash; Other Possession: Close Of Escrow; Subject To Tenant Rights Sale Conditions: None
Listing Office: EXP Realty (Grand Rapids)
Listing Agent: Ryan Ogle
IDX
Source MLS Verified
Last Updated: April - 03 - 2026
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.