Properties for sale in Michigan

Overview

Description

Exceptional investment opportunity at 1238 Northfield NE in the heart of Grand Rapids. This solid brick 4-unit Townhouse can be fully rented for strong cash flow or owner-occupied while generating rental income from the remaining units. Seller is offering five separate 4-unit buildings , a total of 20 units (1258, 1336, 1238 , 1239, 1226 Northfield NE) available individually or as a package portfolio purchase. Conveniently located near Medical Mile and all the exciting new downtown Grand Rapids developments, this property offers both stability and long-term growth potential. Every unit also includes its own rear carport parking space. Each units has its own furnace and water heater. A rare opportunity to own a well-built multifamily property in a rapidly growing area. Each units condition may varies. Exterior has been freshly painted , enhancing curb appeal.

Supplements: Seller is a licensed real estate broker in the State of Michigan.

Location Property Info

County: Kent
Street #: 1238
Street Name: Northfield
Suffix: Avenue
Post Direction: NE
State: MI
Zip Code: 49505
Zip (4): 5240

General Property Info

Lot Measurement: Acres
Lot Square Footage: 12110
Lot Acres: 0.28
Lot Dimensions: 109x111
Year Built: 1961
New Construction: No
Cert of Compliance: Yes
Road Frontage: 109
Total # Units: 4
# of Diff Unit Floor Plans: 4
Total # Bldgs: Yes
Total Approx. SqFt All Bldgs: 4526
Total Parking Spaces: 4
Waterfront: No
School District: Grand Rapids
Basement: Yes

Tax Info

Tax ID #: 411417352026
Taxable Value: 166024
SEV: 215300
For Tax Year: 2026
Seller's Annual Property Tax: 8347.38
Tax Year: 2025
Spec Assessment & Ty: NK
Zoning: Residential
Homestead %: 0

Remarks Misc

Directions: N of Leonard st/W of Fuller ave

Status Change Info

Under Contract Date: 2026-06-15

More Information

Waterfront Options

Water Access Y/N: No

Access Feat

Accessibility Features: No

Income and Expenses

Gross Op. Inc.: 48720

Unit 1

Unit #: 1238
Unit Description: 1242
SqFt: 1131
Occupied: Yes
Monthly Rent: 1500
Bathrooms: Yes
Full Baths: Yes
Carport: Yes
Range Oven: Yes
Refrigerator: Yes
Sep. Heat System: Yes
W/D Hookup: Yes

Unit 2

Unit #: 1240
Unit Description: 1240
SqFt: 1131
Occupied: Yes
Monthly Rent: 1010
Bathrooms: Yes
Full Baths: Yes
Carport: Yes
Range/Oven: Yes
Refrigerator: Yes
Sep. Heat System: Yes
W/D Hookup: Yes

Unit 3

Unit #: 1242
Unit Description: 1242
SqFt: 1131
Occupied: Yes
Monthly Rent: 1500
Bathrooms: Yes
Full Baths: Yes
Range/Oven: Yes
Refrigerator: Yes
Sep. Heat System: Yes
W/D Hookup: Yes

Unit 4

Unit #: 1244
Unit Description: 1244
SqFt: 1131
Occupied: Yes
Monthly Rent: 1500
Bathrooms: Yes
Full Baths: Yes
Carport: Yes
Range/Oven: Yes
Refrigerator: Yes
Sep. Heat System: Yes
W/D Hookup: Yes

Location & Property Info

Cross Streets: Leonard st
Property Sub-Type: 2 to 4 Units
Municipality: City of Grand Rapids
Ownership Type: Broker/Agent Owned

Office/Contract Info

Auction or For Sale: For Sale
List Price/SqFt: 143.39

Remarks & Misc

Public Remarks: Exceptional investment opportunity at 1238 Northfield NE in the heart of Grand Rapids. This solid brick 4-unit Townhouse can be fully rented for strong cash flow or owner-occupied while generating rental income from the remaining units. Seller is offering five separate 4-unit buildings , a total of 20 units (1258, 1336, 1238 , 1239, 1226 Northfield NE) available individually or as a package portfolio purchase. Conveniently located near Medical Mile and all the exciting new downtown Grand Rapids developments, this property offers both stability and long-term growth potential. Every unit also includes its own rear carport parking space. Each units has its own furnace and water heater. A rare opportunity to own a well-built multifamily property in a rapidly growing area. Each units condition may varies. Exterior has been freshly painted , enhancing curb appeal.
Legal: LOT 19* DE VAN ADDITION

Lot Description

Level: Yes
Sidewalk: Yes

Street Type

Paved: Yes
Public: Yes

Util Avail at Street

Cable Available: Yes
Electricity Available: Yes
High Speed Internet: Yes
Natural Gas Available: Yes
Phone Available: Yes
Public Sewer: Yes
Public Water: Yes
Storm Sewer: Yes

Utilities Attached

Cable Connected: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Terms Available

Cash: Yes
Conventional: Yes
FHA: Yes
VA Loan: Yes

Mineral Rights

Unknown: Yes

Laundry Features

In Basement: Yes

Exterior Material

Aluminum Siding: Yes
Brick: Yes

Roofing

Rubber: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Heat Type

Forced Air: Yes

Air Conditioning

None: Yes

Tenant Pays

Electric: Yes
Gas: Yes

Driveway

Asphalt: Yes
Concrete: Yes
Paved: Yes
Shared Paved: Yes

Substructure

Full: Yes

Extras

Carports: Yes
Sep Electric Meter: Yes
Sep Gas Meter: Yes
Tenant Storage: Yes

Owner Pays

Sewer: Yes
Trash Collection: Yes
Water: Yes

Possession

Close Of Escrow: Yes

Property Features

Laundry Features: In Basement Exterior Material: Aluminum Siding; Brick Roofing: Rubber Substructure: Full Lot Description: Level; Sidewalk Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected Util Avail at Street: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available; Public Sewer; Public Water; Storm Sewer Extras: Carports; Sep Electric Meter; Sep Gas Meter; Tenant Storage Owner Pays: Sewer; Trash Collection; Water Tenant Pays: Electric; Gas Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: None Driveway: Asphalt; Concrete; Paved; Shared Paved Street Type: Paved; Public Mineral Rights: Unknown Terms Available: Cash; Conventional; FHA; VA Loan Possession: Close Of Escrow Sale Conditions: None Unit 1: Carport; Range Oven; Refrigerator; Sep. Heat System; W/D Hookup Unit 2: Carport; Range/Oven; Refrigerator; Sep. Heat System; W/D Hookup Unit 3: Range/Oven; Refrigerator; Sep. Heat System; W/D Hookup Unit 4: Carport; Range/Oven; Refrigerator; Sep. Heat System; W/D Hookup

1238 Northfield Avenue NE, Grand Rapids, MI 49505