3201 Marshall Avenue SE, Grand Rapids, MI 49508

New Listing
$599,900
Property Type: Multi Family Lot Size (sq. ft.): 14,985 Status: Coming Soon
Current Price: $599,900 List Date: 2/27/2026 Last Modified: 2/27/2026

Description

Incredible all-brick income property located at the end of a quiet cul-de-sac, fully rented with long-term tenants and offering exceptional updates and strong investment potential. This solid multi-unit building features major mechanical upgrades completed in 2025, including a brand-new high-efficiency boiler, updated plumbing, and a new hot water heater -- all designed to reduce ongoing maintenance and lower utility costs (current gas bill averages approximately $150/month and water approximately $200/month). One of the units, 3201, has been fully remodeled with a brand-new kitchen, modern appliances, updated vinyl flooring, and fresh finishes throughout. This unit rents for $1,250/month and includes all utilities. The property offers excellent additional amenities, including a 5-stall garage, an extra storage shed, private backyard space, and basement storage rooms for tenants. There is also a coin-operated washer and dryer on-site, generating approximately $50/month in additional

More Information MLS# 26007237

Location & Property Info

Cross Streets: Marshall Ave SE Property Sub-Type: 2 to 4 Units Municipality: City of Grand Rapids

Office/Contract Info

On-Market Date: 2026-03-03 Auction or For Sale: For Sale List Price/SqFt: 173.18

General Property Info

New Construction: No Lot Dimensions: 81 X 185 Road Frontage: 81 Cert of Compliance: Yes Waterfront: No Basement: Yes Total # Units: 4 # of Diff Unit Floor Plans: 2 Total # Bldgs: 1 Total Approx. SqFt All Bldgs: 3464 Total Parking Spaces: 5 School District: Grand Rapids Lot Measurement: Acres Lot Square Footage: 14985 Lot Acres: 0.34 Year Built: 1966

Tax Info

Taxable Value: 148360 SEV: 207100 For Tax Year: 2025 Seller's Annual Property Tax: 0 Tax Year: 2025 Homestead %: 0 Spec Assessment & Ty: N/A Zoning: RES Tax ID #: 41-18-17-301-005

Remarks & Misc

Public Remarks: Incredible all-brick income property located at the end of a quiet cul-de-sac, fully rented with long-term tenants and offering exceptional updates and strong investment potential. This solid multi-unit building features major mechanical upgrades completed in 2025, including a brand-new high-efficiency boiler, updated plumbing, and a new hot water heater -- all designed to reduce ongoing maintenance and lower utility costs (current gas bill averages approximately $150/month and water approximately $200/month). One of the units, 3201, has been fully remodeled with a brand-new kitchen, modern appliances, updated vinyl flooring, and fresh finishes throughout. This unit rents for $1,250/month and includes all utilities. The property offers excellent additional amenities, including a 5-stall garage, an extra storage shed, private backyard space, and basement storage rooms for tenants. There is also a coin-operated washer and dryer on-site, generating approximately $50/month in additional Legal: LOT 16 EX THE S 3 FT THEREOF* GREEN ACRES PLAT NO 1

Waterfront Options

Water Access Y/N: No

Street Type

Paved: 1 Public: 1

Util Avail at Street

Public Sewer: 1

Utilities Attached

Natural Gas Connected: 1

Sewer

Public Sewer: 1

Water

Public Water: 1

Terms Available

Cash: 1 Conventional: 1

Exterior Material

Brick: 1

Heat Source

Natural Gas: 1

Sale Conditions

None: 1

Heat Type

Hot Water: 1

Air Conditioning

Wall Unit(s): 1

Access Feat

Accessibility Features: No

Tenant Pays

Electric: 1

Driveway

Paved: 1

Substructure

Full: 1

Owner Pays

Gas: 1 Sewer: 1 Trash Collection: 1 Water: 1

Unit 1

Unit #: 3201 Unit Description: 2 Bed / 1 Bath, Livi SqFt: 869 Occupied: Yes Monthly Rent: 1250 Bedrooms: 2 Bathrooms: 1 Full Baths: 1 Garage: 1

Unit 2

Unit #: 3203 Unit Description: 2 Bed / 1 Bath, Livi SqFt: 869 Occupied: Yes Monthly Rent: 1200 Bedrooms: 2 Bathrooms: 1 Full Baths: 1 Garage: 1

Unit 3

Unit #: 3205 Unit Description: 2 Bed / 1 Bath, Livi SqFt: 869 Occupied: Yes Monthly Rent: 1200 Bedrooms: 2 Bathrooms: 1 Full Baths: 1 Garage: 1

Unit 4

Unit #: 3207 Unit Description: 2 Bed / 1 Bath, Livi SqFt: 869 Occupied: Yes Monthly Rent: 1199 Bedrooms: 2 Bathrooms: 1 Full Baths: 1 Garage: 1

Possession

Close Plus 30 Days: 1

Location Property Info

County: Kent Street #: 3201 Street Name: Marshall Suffix: Avenue Post Direction: SE State: MI Zip Code: 49508 Zip (4): 2424

OfficeContract Info

Status: Coming Soon Current Price: $599,900 List Price: $599,900 Listing Date: 2026-02-27

Remarks Misc

Directions: Eastern to 33rd, E on 33rd to Marshall

Property Features

Exterior Material: Brick Substructure: Full Sewer: Public Sewer Water: Public Water Utilities Attached: Natural Gas Connected Util Avail at Street: Public Sewer Owner Pays: Gas; Sewer; Trash Collection; Water Tenant Pays: Electric Heat Source: Natural Gas Heat Type: Hot Water Air Conditioning: Wall Unit(s) Driveway: Paved Street Type: Paved; Public Terms Available: Cash; Conventional Possession: Close Plus 30 Days Sale Conditions: None Unit 1: Garage Unit 2: Garage Unit 3: Garage Unit 4: Garage

Documents

Listing Office: Lake Michigan Realty Mgmt
Listing Agent: Javier Rodriguez
IDX
Last Updated: February - 27 - 2026
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