1054 Ionia SW Avenue, Grand Rapids, MI 49507
1054 Ionia SW Avenue, Grand Rapids, MI 49507
1054 Ionia SW Avenue, Grand Rapids, MI 49507
1054 Ionia SW Avenue, Grand Rapids, MI 49507
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Shyanne Queen

Shyanne Queen

+1(616) 610-2005
$ 459,900
Est. payment | /mo

4,792 Sqft Lot

Save
$ 459,900
Est. payment | /mo
Save

4,792 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type 2 to 4 Units

Listing Status Active

Purchase Type For Sale

Municipality City of Grand Rapids

MLS Listing ID 26047950

Year Built 1910

Annual Tax Amount $6,239

Tax Year 2025

Lot Size 4,792 Sqft

Acres 0.11

Lot Dimensions 42x102

Property Sub-Type 2 to 4 Units

Source Michigan Regional Information Center (MichRIC)

Property Description

**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 to a stronger rent roll without any renovation required. A third unit is Section 8 assisted, adding a layer of payment reliability to the property's income. Located minutes from downtown Grand Rapids in a submarket with steady rental demand, this is an efficient way to add meaningful door count in a single transaction, or to get into property ownership with tenants already helping you pay it down. Whether you're scaling a portfolio, executing a 1031 exchange, house-hacking your first property, or looking for a multifamily acquisition with upside already built in, 1054 Ionia offers a strong foundation and a clear plan forward. Rent roll and financials available upon request. 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 to a stronger rent roll without any renovation required. A third unit is Section 8 assisted, adding a layer of payment reliability to the property's income. Located minutes from downtown Grand Rapids in a submarket with steady rental demand, this is an efficient way to add meaningful door count in a single transaction, or to get into property ownership with tenants already helping you pay it down. Whether you're scaling a portfolio, executing a 1031 exchange, house-hacking your first property, or looking for a multifamily acquisition with upside already built in, 1054 Ionia offers a strong foundation and a clear plan forward. Rent roll and financials available upon request.

Location

State MI

County Kent

Rooms

Basement Full

Interior

Heating Forced Air

Exterior

Utilities Available Cable Available, Electricity Connected

View Y/N No

Roof Type Composition

Street Surface Paved

Total Parking Spaces 3

Building

Lot Description Sidewalk

Structure Type Brick

New Construction No

Schools

School District Grand Rapids

Others

Tax ID 411336478006

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Bellabay Realty (North)

GET MORE INFORMATION

Shyanne Queen
Shyanne Queen

Associate Broker/Team Lead License ID: 6506049089

+1(616) 610-2005 | shyannesoldit@gmail.com

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1054 Ionia SW Avenue