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$995,000

1230-1246 Alpine Avenue Nw
Grand Rapids, Michigan 49504

New / MLS #26013335 / Multiple Family / Grand Rapids
Listing information updated 4/3/2026 at 9:42am
High-Yield 13-Unit Portfolio | 0.6 Acres in Downtown Grand Rapids Rare 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.
Exterior Type:
Vinyl Siding,Other
Basement:
Full,Other
Water Front:
No
Square Feet:
N/A
Lot Size:
0.6 Acres
Acreage:
0.6
Built:
1888
Parking Spaces:
13
Zoning:
COMM-IMP
Tax Amount:
$12,404
Tax Year:
2024
Zip Code:
49504
City:
Grand Rapids
County:
Kent

Listing Office: EXP Realty (Grand Rapids)

Listing Office Phone: 616.901.3620

Disclaimer: The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of SWMRIC, LLC. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers.

Grand Rapids, MI

Sitting on the Grand River, just 30 miles from Lake Michigan, Grand Rapids is the second largest city in Michigan. Known for its industry and the scenic area around which Grand Rapids was built, the city is known as “Furniture City” and “River City.”Grand Rapids was first settled in 1826 by...
$368,016
Average Sale Price
24
Average Days On The Market
99%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 1230-1246 Alpine Avenue Nw, Grand Rapids, MI 49504
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1230-1246 Alpine Avenue Nw, Grand Rapids, MI 49504 is a multiple family currently listed at $995,000. This multiple family has been listed on @properties Christie's International Real Estate since April 3rd, 2026 and was built in 1888.

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Because At World Properties, LLC d/b/a @properties Christie’s International Real Estate and/or its owners have an interest in Proper Title, LLC, OriginPoint, A Rate Company, Christie’s International Real Estate, LLC, and Suburban Jungle, LLC, a referral to any of these entities may provide @properties Christie’s International Real Estate with a financial or other benefit. Working with @properties does not require you to use the services of any of these entities.
At World Properties Michigan, LLC, d/b/a @properties Michigan and At World Properties Indiana, LLC are subsidiaries of At World Properties, LLC d/b/a @properties Christie’s International Real Estate.
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