541 Coit Avenue Ne NE
Grand Rapids, Michigan 49503
5
Bed
0
Bath
0.11Acre(Lot)
Lender has confirmed the FHA mortgage is assumable with an approved buyer. The current loan is at 2.75% with a balance of $199,000 as of 8/6/26. All this makes this property an incredible investment or house-hacking opportunity in Grand Rapids, positioned just minutes from vibrant downtown and the Medical Mile. The vacant lower unit is completely refreshed and move-in ready, offering maximum flexibility for an owner-occupant or an investor aiming to set top market rent. Step inside to discover a spacious, beautifully updated layout featuring a stylish kitchen, a large living room designed for relaxation, two comfortable bedrooms, and a full bathroom. The upper unit is occupied, providing immediate rental income from day one to jumpstart your investment journey with three bedrooms and a ful
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: 1875 Total Units: 2 Roof: Composition Foundation/Basement: Michigan Basement -
Utility Features
Sewer: Sewer (Sewer-Sanitary),Sewer at Street -
Water
Public (Municipal)
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Lot Information
Lot Size: 0.11 Lot Dimensions: 38 x 128 Frontage Feet: 38 -
Property Information
Financing: Assumable (Asm-Lend App),Cash,Conventional,FHA,VA
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Listing Price Information
Original List Price: $370,000 -
Listing Information
Possession: At Close Legal Description: S 38 FT OF E 128 FT OF LOT 3 BLK 4* DEXTER FRACTION
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Tax Information
Annual Tax: $5,954 Parcel Number: 411419355005Possession
At CloseLegal Information
Legal Description: Section: S 38 FT OF E 128 FT OF LOT 3 BLK 4* DEXTER FRACTION
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Unit 2 Information
# of Bedrooms: 1 -
Unit 3 Information
# of Bedrooms: 1
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School Information
School District: Grand Rapids -
Utility Information
Water: Public (Municipal) Sewer: Sewer (Sewer-Sanitary),Sewer at Street
How much is this property worth?
Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.
Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 813 Carrier Creek Boule.., Grand Rapids, MI, 49503 | $595,000 | 9 | -- | -- | 0.30 Acre |
| 609 & 611 SE Wealthy St.., Grand Rapids, MI, 49503 | $674,900 | 6 | -- | -- | 0.19 Acre |
| 745 Prospect Avenue Se SE, Grand Rapids, MI, 49503 | $319,500 | 5 | -- | -- | 0.10 Acre |
| 450 Fountain Street Ne NE, Grand Rapids, MI, 49503 | $845,000 | 6 | -- | -- | 0.45 Acre |
| 900 Fountain Street Ne NE, Grand Rapids, MI, 49503 | $345,000 | 1 | -- | -- | 0.11 Acre |
| 211 Charles Avenue Se SE, Grand Rapids, MI, 49503 | $355,000 | 2 | -- | -- | 0.20 Acre |
| 939 Prospect Avenue Ne NE, Grand Rapids, MI, 49503 | $259,900 | 5 | -- | -- | 0.10 Acre |
| 522 Michigan Street Ne NE, Grand Rapids, MI, 49503 | $1,095,000 | 12 | -- | -- | 0.26 Acre |
| 945 Sheridan Avenue Sw SW, Grand Rapids, MI, 49503 | $295,000 | 4 | -- | -- | -- |
| 429 Shirley Street Ne NE, Grand Rapids, MI, 49503 | $270,000 | 3 | -- | -- | 0.14 Acre |
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Nearby For Sale
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ByOwner last updated this listing 09/25/2026 @ 16:28
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