118 Elm Street SW, Grand Rapids, MI 49507 (MLS# 26057829)

118 Elm Street SW, Grand Rapids, MI 49507

New Listing

$250,000

Virtual Tour

https://www.propertypanorama.com/instaview/wmlar/26057829

Property Type: Multi Family Lot Size (sq. ft.): 3,790 Status: Active

Current Price: $250,000 List Date: 10/30/2026 Last Modified: 10/30/2026

Overview

Description

Great investment opportunity! This two-unit property offers an excellent addition to any investment portfolio. Both units are currently occupied and professionally managed, providing an established rental opportunity. Conveniently located near downtown Grand Rapids, with easy access to shopping, dining, and entertainment. Schedule your private showing today! Photos are from prior to tenants moving in. Professionally managed property. Current property management is available to continue after closing for a seamless transition.

Listing Details MLS# 26057829

Location Property Info

County: Kent
Street #: 118
Street Name: Elm
Suffix: Street
Post Direction: SW
State: MI
Zip Code: 49507
Zip (4): 2413

General Property Info

Lot Measurement: Acres
Lot Square Footage: 3790
Lot Acres: 0.09
Lot Dimensions: 40 x 95
Year Built: 1900
New Construction: No
Cert of Compliance: Yes
Road Frontage: 40
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: Yes
Total Parking Spaces: 4
Waterfront: No
School District: Grand Rapids

Tax Info

Tax ID #: 41-17-01-477-010
Taxable Value: 64905
SEV: 87500
For Tax Year: 2026
Seller's Annual Property Tax: 3332
Tax Year: 2026
Spec Assessment & Ty: N/A

Remarks Misc

Directions: Burton Ave to Division St, north to Elm St, west to address.

Access Feat

Accessibility Features: No

More Information

Unit 1

Unit #: Yes
Unit Description: Unit 1# Down
SqFt: 805
Occupied: Yes
Bathrooms: 2
Full Baths: 2

Unit 2

Unit #: 2
Unit Description: Unit 2# Up
SqFt: 805
Occupied: Yes
Bathrooms: Yes
Full Baths: Yes

Property Features

Exterior Material: Aluminum Siding Substructure: Michigan Basement Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected; Natural Gas Connected Util Avail at Street: Electricity Available; Natural Gas Available Owner Pays: Water Tenant Pays: Electric; Gas Heat Source: Natural Gas Heat Type: Forced Air Driveway: Paved Street Type: Paved; Public Terms Available: Cash; Conventional Possession: Close Plus 30 Days; Subject To Tenant Rights Sale Conditions: None

Listing Office: Keller Williams Harbortown

Listing Agent: Rick Genzink

Last Updated: October - 30 - 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.