Now offering this solid 8-unit real estate investment opportunity in Grand Rapids, Michigan. Situated in a high-rent district and close to shopping, restaurants, highways, hospitals and more. All 8 units have been tastefully remodeled, and the property is completely turnkey. Each unit features 2 sizable bedrooms, 1 bathroom, updated kitchen and living room spaces and private laundry. Plenty of private off-street parking available. New roofs, Pella windows, A/C units and furnaces as of 2 years ago. Tenants pay all utilities except for water. Possible value-add with garden unit development in the basements. Don't miss out on this opportunity to build your rental portfolio!
Sold
$1,455,000
1129 Lyon St NE, Grand Rapids, MI 49503
8beds
4baths
3,136sqft
5+ Units
Built in 1961
-- sqft lot
$1,483,500 Zestimate®
$464/sqft
$1,767 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: May 02, 2025 at 12:53pm
Listed by:
Ryan Ogle 616-901-4541,
EXP Realty (Grand Rapids)
Bought with:
Chad J Vanderstelt, 6501440751
City2Shore Real Estate Holland
Steve Frody, 6502366345
Source: MichRIC,MLS#: 24059440
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Laundry: In Unit
Features
- Basement: Full
Interior area
- Total interior livable area: 3,136 sqft
Property
Parking
- Total spaces: 16
- Parking features: Paved
Lot
- Size: 0.61 Acres
- Dimensions: 110 x 243
- Features: Level
Details
- Parcel number: 411429130031
- Zoning description: Comm Imp
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Units
Materials
- Brick
Condition
- New construction: No
- Year built: 1961
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected
Community & neighborhood
Location
- Region: Grand Rapids
Other
Other facts
- Listing terms: Cash
- Road surface type: Paved
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for —faster.
$1,483,500
2% more+$29,670
With Zillow Showcase(estimated)$1,513,170