3241 Marshall Avenue SE, Grand Rapids, MI 49508

New Listing
$599,900
Property Type: Multi Family Lot Size (sq. ft.): 12,937 Status: Pending
Current Price: $599,900 List Date: 11/28/2025 Last Modified: 12/01/2025

Description

Owner occupied or Investment Opportunity! Welcome to 3241 Marshall Ave SE, a well-maintained and income-producing apartment building offering immediate cash flow and long-term upside. This solid property features three turnkey 2-bedroom, 1-bath units, each renting for $1,300/month, and one 1-bedroom, 1-bath unit renting for $1,100/month. One 2-bedroom unit is currently vacant for showings, making it ideal for owner-occupants or investors looking to fill at market rent. All units are occupied on month-to-month leases, providing excellent stability with the flexibility for future adjustments. Tenants are responsible for their own electric and trash, further maximizing net income for the new owner. Recent 2024 upgrades elevate the building's appeal and reduce future maintenance costs, including: Brand new roofs on both the main building and garage port -Fully updated Unit # 2 -New front and back doors with enhanced security locks -Updated electrical systems-Updated common hallwa

Supplements: ys -New coin-operated laundry area -Fresh interior and exterior paint -Updated landscaping -New mailboxes & exterior security lighting -Full camera system covering outdoor areas and interior hallways This is a clean, professionally updated building in strong rental conditionperfect for both seasoned investors and first-time multifamily buyers. Three of the occupied units will be made available for walkthrough after an accepted offer. Don't miss this chance to add a high-performing property to your portfolio!

More Information MLS# 25060041

Location & Property Info

Cross Streets: Eastern ave se Property Sub-Type: 2 to 4 Units Municipality: City of Grand Rapids Ownership Type: Private Owned

Office/Contract Info

Auction or For Sale: For Sale List Price/SqFt: 172.78

General Property Info

New Construction: No Lot Dimensions: 89x150x89x161 Financial Available: No Road Frontage: 89 Cert of Compliance: Yes Waterfront: No Basement: No Total # Units: 4 # of Diff Unit Floor Plans: 4 Total # Bldgs: 1 Total Approx. SqFt All Bldgs: 3472 Total Parking Spaces: 5 School District: Grand Rapids Lot Measurement: Acres Lot Square Footage: 12937 Lot Acres: 0.3 Year Built: 1964

Tax Info

Taxable Value: 144800 SEV: 144800 For Tax Year: 2025 Seller's Annual Property Tax: 8842.51 Tax Year: 2025 Homestead %: 0 Spec Assessment & Ty: N/A Zoning: R-3 Tax ID #: 411317301009

Remarks & Misc

Public Remarks: Owner occupied or Investment Opportunity! Welcome to 3241 Marshall Ave SE, a well-maintained and income-producing apartment building offering immediate cash flow and long-term upside. This solid property features three turnkey 2-bedroom, 1-bath units, each renting for $1,300/month, and one 1-bedroom, 1-bath unit renting for $1,100/month. One 2-bedroom unit is currently vacant for showings, making it ideal for owner-occupants or investors looking to fill at market rent. All units are occupied on month-to-month leases, providing excellent stability with the flexibility for future adjustments. Tenants are responsible for their own electric and trash, further maximizing net income for the new owner. Recent 2024 upgrades elevate the building's appeal and reduce future maintenance costs, including: Brand new roofs on both the main building and garage port -Fully updated Unit # 2 -New front and back doors with enhanced security locks -Updated electrical systems-Updated common hallwa Legal: LOT 12* GREEN ACRES PLAT NO 1

Waterfront Options

Water Access Y/N: No

Street Type

Public: 1

Util Avail at Street

Electricity Available: 1 Natural Gas Available: 1 Public Sewer: 1 Public Water: 1

Utilities Attached

Electricity Connected: 1

Sewer

Public Sewer: 1

Water

Public Water: 1

Terms Available

Cash: 1 Conventional: 1 FHA: 1

Mineral Rights

Unknown: 1

Exterior Material

Brick: 1

Roofing

Composition: 1

Heat Source

Natural Gas: 1

Sale Conditions

None: 1

Heat Type

Radiant: 1

Air Conditioning

Window Unit(s): 1

Access Feat

Accessibility Features: No

Tenant Pays

Electric: 1 Trash: 1

Driveway

Concrete: 1

Substructure

Daylight: 1

Extras

Carports: 1

Owner Pays

Gas: 1 Sewer: 1 Water: 1

Unit 1

Unit #: 1 Unit Description: upper SqFt: 850 Occupied: Yes Monthly Rent: 1300 Bedrooms: 2 Bathrooms: 1 Full Baths: 1 Range Oven: 1 Refrigerator: 1

Unit 2

Unit #: 2 Unit Description: upper SqFt: 850 Occupied: No Monthly Rent: 0 Bedrooms: 2 Bathrooms: 1 Full Baths: 1 Range/Oven: 1 Refrigerator: 1

Unit 3

Unit #: 3 Unit Description: lower SqFt: 800 Occupied: Yes Monthly Rent: 1300 Bedrooms: 2 Bathrooms: 1 Full Baths: 1 Range/Oven: 1 Refrigerator: 1

Unit 4

Unit #: 4 Unit Description: lower SqFt: 750 Occupied: Yes Monthly Rent: 1150 Bedrooms: 1 Bathrooms: 1 Full Baths: 1 Range/Oven: 1 Refrigerator: 1

Possession

Close Of Escrow: 1

Location Property Info

County: Kent Street #: 3241 Street Name: Marshall Suffix: Avenue Post Direction: SE State: MI Zip Code: 49508 Area: Grand Rapids - G

OfficeContract Info

Status: Pending Current Price: $599,900 List Price: $599,900 Listing Date: 2025-11-27

Remarks Misc

Directions: E off Eastern on 33rd To Marshall

Status Change Info

Under Contract Date: 2025-11-30

Property Features

Exterior Material: Brick Roofing: Composition Substructure: Daylight Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected Util Avail at Street: Electricity Available; Natural Gas Available; Public Sewer; Public Water Extras: Carports Owner Pays: Gas; Sewer; Water Tenant Pays: Electric; Trash Heat Source: Natural Gas Heat Type: Radiant Air Conditioning: Window Unit(s) Driveway: Concrete Street Type: Public Mineral Rights: Unknown Terms Available: Cash; Conventional; FHA Possession: Close Of Escrow Sale Conditions: None Unit 1: Range Oven; Refrigerator Unit 2: Range/Oven; Refrigerator Unit 3: Range/Oven; Refrigerator Unit 4: Range/Oven; Refrigerator
Listing Office: VJ Real Estate
Listing Agent: Vung L Mang
IDX
Last Updated: December - 01 - 2025
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