1054 Ionia Avenue Sw SW
Grand Rapids, Michigan 49507
8
Bed
0
Bath
0.11Acre(Lot)
**Rare 4-unit investment opportunity in Grand Rapids, offering immediate cash flow with room to grow, plus a built-in owner-occupant option.** All four units feature matching two bedroom, one bath layouts, keeping management simple and turnover predictable. The roof and windows were noted the time of purchase to have been recently replaced. One unit is currently vacant, ready to lease immediately or move into yourself, making this a great house-hack opportunity: live in one unit while the other three help cover the mortgage. For investors, that same vacancy is simply ready-to-lease upside.Beyond that, this is a documented value-add opportunity. Another unit sits on a long-term lease priced below what comparable units in the building are already achieving, offering a clear, near-term path
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
-
Interior Features
Roof: Composition -
Heating & Cooling
Heating: Forced Air Heating Fuel: Natural Gas
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Building Information
Year Built: 1910 Total Units: 4 Roof: Composition -
Utility Features
Sewer: Sewer (Sewer-Sanitary) -
Water
Public (Municipal)
-
Lot Information
Lot Size: 0.11 Lot Dimensions: 42x102 Frontage Feet: 42 -
Property Information
Financing: Cash,Conventional
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Listing Price Information
Original List Price: $459,900 -
Listing Information
Possession: At Close Legal Description: N 42 FT OF LOT 26 & S 5 FT OF W 75 FT OF LOT 25* NAEGLE S FOURTH ADDITION
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Tax Information
Annual Tax: $6,239 Parcel Number: 411336478006Possession
At CloseLegal Information
Legal Description: Section: N 42 FT OF LOT 26 & S 5 FT OF W 75 FT OF LOT 25* NAEGLE S FOURTH ADDITION
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Unit 2 Information
# of Bedrooms: 4
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School Information
School District: Grand Rapids -
Utility Information
Water: Public (Municipal) Sewer: Sewer (Sewer-Sanitary)
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 941 Eastern Avenue Se SE, Grand Rapids, MI, 49507 | $219,900 | 3 | -- | -- | 0.11 Acre |
| 918 Martin Luther King .., Grand Rapids, MI, 49507 | $265,000 | 4 | -- | -- | 0.12 Acre |
| 214 Delaware Street Se SE, Grand Rapids, MI, 49507 | $269,000 | 4 | -- | -- | 0.07 Acre |
| 909 Hall Street Se SE, Grand Rapids, MI, 49507 | $269,900 | 4 | -- | -- | 0.13 Acre |
| 39 Fair Street Se SE, Grand Rapids, MI, 49507 | $399,900 | 7 | -- | -- | 0.18 Acre |
| 43 Southview Street Sw SW, Grand Rapids, MI, 49507 | $299,900 | 4 | -- | -- | 0.10 Acre |
| 106 Stewart Street Sw SW, Grand Rapids, MI, 49507 | $295,000 | 6 | -- | -- | 0.11 Acre |
| 30 Putnam Street Sw SW, Grand Rapids, MI, 49507 | $325,000 | 5 | -- | -- | 0.12 Acre |
| 425 Adams Street Se SE, Grand Rapids, MI, 49507 | $232,000 | 4 | -- | -- | 0.15 Acre |
| 506 Dickinson Street Se.., Grand Rapids, MI, 49507 | $224,900 | 3 | -- | -- | 0.13 Acre |
Similar Multifamily To 1054 Ionia Avenue Sw SW
Nearby For Sale
Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2026 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.
ByOwner last updated this listing 09/12/2026 @ 02:00
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