522 Michigan Street NE, Grand Rapids, MI 49503 (MLS# 26042669)

522 Michigan Street NE, Grand Rapids, MI 49503

$1,095,000

Property Type: Multi Family Lot Size (sq. ft.): 7,797 Status: Active Contingent

Current Price: $1,095,000 List Date: 8/14/2026 Last Modified: 8/28/2026

Overview

Description

DO NOT WALK PROPERTY WITHOUT PRIOR APPROVAL. 8 Unit Income-producing Grand Rapids investment opportunity featuring TWO well-maintained multi-unit buildings in a prime location. Just 1 block from GVSU, 3 blocks from Corewell Health, near the Grand Rapids Medical Mile, with easy highway access and walking distance to countless conveniences. Together, the properties currently generate $8,950/month with additional rent growth potential. The 6-unit building offers on-site parking for 10 cars, an on-demand water heater and a 6-year City of Grand Rapids rental certification. Landlord pays all utilities. Long-term tenants reflect an owner who values and cares for residents. Units include 2BR, 1BR, studio/1BR loft, studio, 1BR and 1BR. The second building at 526 Michigan St. features two 3BR units, updated PEX plumbing and two electrical panels. One tenant has been in place for over 30 years. Excellent opportunity for established cash flow and upside potential.

Listing Details MLS# 26042669

Location Property Info

County: Kent
Street #: 522
Street Name: Michigan
Suffix: Street
Post Direction: NE
State: MI
Zip Code: 49503
Zip (4): 5705

General Property Info

Lot Measurement: Acres
Lot Square Footage: 7797
Lot Acres: 0.26
Lot Dimensions: 75 x 185
Year Built: 1890
New Construction: No
Financial Available: No
Cert of Compliance: No
Cert. of Compliance Exp Date: 2032-02-11
Road Frontage: 75
Total # Units: 8
# of Diff Unit Floor Plans: 8
Total # Bldgs: 2
Total Approx. SqFt All Bldgs: 5432
Total Parking Spaces: 12
Waterfront: No
School District: Grand Rapids
Association YN: No

Tax Info

Tax ID #: 41-14-30-202-008
Taxable Value: 134965
SEV: 529900
For Tax Year: 2026
Seller's Annual Property Tax: 6795
Tax Year: 2025
Spec Assessment & Ty: None Known
Zoning: Multi-Family

Waterfront Options

Water Access Y/N: No

Access Feat

Accessibility Features: No

More Information

Unit 1

Unit #: Yes
Unit Description: 2 Bedroom
Occupied: Yes
Monthly Rent: 1075
Bathrooms: Yes
Full Baths: Yes

Unit 2

Unit #: 2
Unit Description: 1 Bedroom
Occupied: Yes
Monthly Rent: 925
Bathrooms: Yes
Full Baths: Yes

Unit 3

Unit #: 3
Unit Description: Studio/1 Bedroom
Occupied: Yes
Monthly Rent: 885
Bathrooms: Yes
Full Baths: Yes

Unit 4

Unit #: 4
Unit Description: Studio
Occupied: Yes
Monthly Rent: 1070
Bathrooms: Yes
Full Baths: Yes

Unit 5

Unit #: 5
Unit Description: 1 Bedroom
Occupied: No
Monthly Rent: 1095
Bathrooms: Yes
Full Baths: Yes

Unit 6

Unit #: 6
Unit Description: 1 Bedroom
Occupied: Yes
Monthly Rent: 1090
Bathrooms: Yes
Full Baths: Yes

Unit 7

Unit #: 526
Unit Description: 3 Bedroom
SqFt: 1125
Occupied: Yes
Bathrooms: Yes
Full Baths: Yes
Monthly Rent: 1200

Unit 8

Unit #: 528
Unit Description: 3 Bedroom
SqFt: 1125
Occupied: Yes
Monthly Rent: 1610
Bathrooms: Yes
Full Baths: Yes

Property Features

Exterior Material: Vinyl Siding; Wood Siding Substructure: Full Lot Description: Sidewalk Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at Street: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available; Public Sewer; Public Water; Storm Sewer Owner Pays: Electricity; Gas; Sewer; Trash Collection; Water Tenant Pays: None Heat Source: Natural Gas Heat Type: Radiant Air Conditioning: None Street Type: Paved; Public Terms Available: Cash; Other Possession: Close Of Escrow Sale Conditions: None

Listing Office: Five Star Real Estate (Walker)

Listing Agent: Vito (Jr.) E Dolci

Last Updated: August - 28 - 2026

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