623 Lane Avenue Nw NW
Grand Rapids, Michigan 49504
7
Bed
0
Bath
0.11Acre(Lot)
Rare investment opportunity featuring two homes on one lot currently rented for $2,600+ but with room to boost rents. The front house is 4 beds and 2 baths with great long term tenant paying $1,300 and solid mechanicals. The back house is 3 bed 1 bath with tenants in place paying $1,320. Market rents around $1,800 for front house and $1,600 for back house for a total of $3,400. This property on the booming West Side is a great addition to any investor's portfolio with proven rental history and multiple income streams. Whether you're a seasoned investor or looking to start building wealth through real estate, this income-producing property offers excellent upside and long-term value.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Interior Features
Laundry Facility -
Heating & Cooling
Heating: Forced Air Heating Fuel: Natural Gas
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Building Information
Year Built: 1905 Total Units: 2 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: 37.5*122.55*37.5*122.65 Frontage Feet: 37 -
Property Information
Financing: Cash,Other
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Listing Price Information
Original List Price: $319,000 -
Listing Information
Possession: At Close Legal Description: LOT 402* PANFIL S ASSESSOR S PLAT NO. 22* OF PART OF THE W 1/2 OF THE SE 1/4 OF SECTION 23 T 7 N R 12 W
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Tax Information
Annual Tax: $8,990 Parcel Number: 411323413014Possession
At CloseLegal Information
Legal Description: Section: LOT 402* PANFIL S ASSESSOR S PLAT NO. 22* OF PART OF THE W 1/2 OF THE SE 1/4 OF SECTION 23 T 7 N R 12 W
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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?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 646 Broadway Avenue Nw NW, Grand Rapids, MI, 49504 | $415,000 | 7 | -- | -- | |
| 1053 3rd Street Nw NW, Grand Rapids, MI, 49504 | $715,000 | 7 | -- | -- | |
| 40 Lexington Avenue Nw NW, Grand Rapids, MI, 49504 | $1,395,000 | 4 | -- | -- | |
| 1313 Davis Avenue Nw NW, Grand Rapids, MI, 49504 | $279,000 | 4 | -- | -- | |
| 816 6th Street Nw NW, Grand Rapids, MI, 49504 | $275,000 | 4 | -- | -- | |
| 1121 Crosby Street Nw NW, Grand Rapids, MI, 49504 | $239,000 | 4 | -- | -- | |
| 1018 Dayton Street Sw SW, Grand Rapids, MI, 49504 | $349,000 | 4 | -- | -- | |
| 820 Mcreynolds Avenue N.., Grand Rapids, MI, 49504 | $352,000 | 4 | -- | -- | |
| 1246 Alpine Avenue Nw NW, Grand Rapids, MI, 49504 | $380,000 | 8 | -- | -- | |
| 1236 Alpine Avenue Nw NW, Grand Rapids, MI, 49504 | $225,000 | 4 | -- | -- |
Similar Multifamily To 623 Lane Avenue Nw NW
Nearby For Sale
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ByOwner last updated this listing 06/24/2026 @ 10:45
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