About 1230 Alpine Avenue
Excellent investment opportunity in Grand Rapids' West Grand neighborhood! This fully occupied, five-unit property features a four-unit building plus a standalone single-family home, currently generating $64,920 in gross annual rental income (assuming full occupancy). The unit mix includes two 2-bedroom, 1-bathroom units, two 3-bedroom, 1-bathroom units, and a separate 2-bedroom, 1.5-bathroom home. Each unit is equipped with its own electric meter, water heater, and furnace, providing added independence for tenants and streamlined utility management. 4 of the 5 water heaters were replaced in September 2026. Even better, the property is certified with the City of Grand Rapids through 2030, with certification transferable to the new owner. A compelling opportunity for investors seeking an established, income-producing property or a potential destination for 1031 exchange funds. Add this West Grand multifamily investment to your portfolio!
Features of 1230 Alpine Avenue
| MLS® # | 26054324 |
|---|---|
| Price | $599,000 |
| Acres | 0.15 |
| Year Built | 1888 |
| Type | Multi Family |
| Sub-Type | 5+ Units |
| Status | Active |
Community Information
| Address | 1230 Alpine Avenue |
|---|---|
| City | Grand Rapids |
| County | Kent |
| State | MI |
| Zip Code | 49504 |
Amenities
| Parking | Asphalt, Driveway, Gravel |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
| New Construction | No |
Interior
| Heating | Forced Air, Space Heater |
|---|---|
| Fireplace | No |
Exterior
| Roof | Rubber |
|---|
School Information
| District | Grand Rapids |
|---|
Additional Information
| Short Sale | No |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Agent | Kyle Naumann |
|---|---|
| Office | Edison Brokers & Co LLC |