Properties for sale in Michigan

450 Fountain Street NE, Grand Rapids, MI 49503

New Listing

$845,000

Property Type: Multi Family Lot Size (sq. ft.): 19,515 Status: Active

Current Price: $845,000 List Date: 8/28/2026 Last Modified: 8/28/2026

Overview

Description

A rare investment opportunity in the heart of historic Heritage Hill! This stunning five-unit property offers five generously sized one-bedroom, one-bath residences, each approximately 1,000 sf located on a tree-lined street. Beautiful historic character blends seamlessly with thoughtfully updated interiors, with units refreshed in 2022 and attractive finishes throughout. Situated on an extraordinary quadruple lot with an assessed land value exceeding $710,000, the property features an expansive fenced yard, three garage spaces and approximately 10 additional parking spaces - an exceptional amenity in this highly desirable neighborhood. All five units are currently leased, including the garage spaces, providing immediate rental income for the next owner. The property has been newly certified by the City of Grand Rapids for another six years through 2032, offering added confidence and convenience for the next owner. Located next to GRCC, just minutes to walkable downtown Grand Rapids w

Supplements: convenient access to restaurants, entertainment, medical facilities, universities and everything the city has to offer. A truly distinctive combination of location, land, historic appeal and income-producing potential. One unit could be potentially owner occuopied. Showings only upon appointment (showing window) for pre-approved, serious buyers.

Listing Details MLS# 26045679

Location Property Info

County: Kent
Street #: 450
Street Name: Fountain
Suffix: Street
Post Direction: NE
State: MI
Zip Code: 49503
Zip (4): 5605

General Property Info

Lot Measurement: Acres
Lot Square Footage: 19515
Lot Acres: 0.45
Year Built: 1891
New Construction: No
Financial Available: No
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2032-05-21
Road Frontage: 75
Total # Units: 5
# of Diff Unit Floor Plans: 5
Total # Bldgs: Yes
Total Approx. SqFt All Bldgs: 5044
Total Parking Spaces: 13
Waterfront: No
School District: Grand Rapids
Association YN: No

Tax Info

Tax ID #: 41-14-30-253-004
Taxable Value: 318746
SEV: 354800
For Tax Year: 2026
Seller's Annual Property Tax: 16025
Tax Year: 2025
Spec Assessment & Ty: N/A
Zoning: 201 COMMERCIAL-

Waterfront Options

Water Access Y/N: No

Access Feat

Accessibility Features: No

More Information

Income and Expenses

Annual Insurance: 7300
Annual Maintenance: 2000
Gross Op. Inc.: 100100
Net Operating Income: 70000
Operating Expense: 30000

Unit 1

Unit #: Yes
Unit Description: LR,DR,KT
Identical Units: 4
SqFt: 978
Occupied: Yes
Monthly Rent: 1700
Bathrooms: Yes
Full Baths: Yes

Unit 2

Unit #: 2
Unit Description: LR,DA,KT
Identical Units: Yes
SqFt: 995
Occupied: Yes
Monthly Rent: 1585
Bathrooms: Yes
Full Baths: Yes

Unit 3

Unit #: 3
Unit Description: LR,DA,KT
SqFt: 950
Occupied: Yes
Monthly Rent: 1650
Bathrooms: Yes
Full Baths: Yes

Unit 4

Unit #: 4
Unit Description: LR,DA, KIT
SqFt: 950
Occupied: Yes
Monthly Rent: 1550
Bathrooms: 2
Full Baths: 2

Unit 5

Unit #: 5
Unit Description: LR, DA, KIT
SqFt: 1000
Occupied: Yes
Monthly Rent: 1450
Bathrooms: Yes
Full Baths: Yes

Property Features

Laundry Features: In Basement Exterior Material: Aluminum Siding Roofing: Composition Substructure: Full Lot Description: Sidewalk; Wooded Sewer: Public Sewer Water: Public Water Utilities Attached: Natural Gas Connected Util Avail at Street: None Extras: Garages; Tenant Storage Owner Pays: Electricity; Gas; Sewer; Trash Collection; Water Tenant Pays: None Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: Window Unit(s) Driveway: Paved Street Type: Paved Mineral Rights: Unknown Terms Available: Cash; Conventional Possession: Close Of Escrow Sale Conditions: None Unit 1: Central Air; Deck/Patio; Range Oven; Refrigerator Unit 2: Central Air; Deck/Patio; Range/Oven; Refrigerator Unit 5: Range/Oven; Refrigerator

Listing Office: Keller Williams GR East

Listing Agent: Ingrid C Anastasiu

Last Updated: August - 28 - 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.