Address
316 Lane Avenue Sw, Grand Rapids, MI
Price
$ 259,900
Property Attributes
  • ID#26050343
  • TypeMulti-Family
  • Listing Status Active
  • CountyKENT
  • CityGrand Rapids
  • AreaCity of Grand Rapids
  • NeighborhoodCity of Grand Rapids
  • Zip49504
  • Style2 to 4 Units
  • Year Built1920
  • Taxes$ 1817
  • Price$ 259,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.09 Acres
Data Source:
Michigan Regional Information Center (MICHRIC)
Property Description

This multi-unit property in Grand Rapids offers an excellent investment opportunity for ownership. Built on a 3,800 square foot lot, the 2 to 4 unit structure provides flexibility for owner-occupancy with additional income potential. The compact footprint maximizes the usable land while maintaining practical spacing. Check out this unit with great lease income. Showings to be Wednesday, the 23rd and Saturday, the 26th.

Price History
9/22/2026 Listed $259,900

General Features

Sewer Public Sewer
Heating Forced Air
Cooling None
Utilities Natural Gas Available,Electricity Available,Cable Available,Phone Connected,Natural Gas Connected,Electricity Connected,Storm Sewer
Possession Subject To Tenant Rights
Roof Composition
Construction Materials Vinyl Siding,Wood Siding
Year Built 1920
Tenant Pays Electric,Trash,Sewer,Gas
Township City of Grand Rapids
Property Subtype 2 to 4 Units
Tax Year 2026
OwnerPays Water
County Kent
New Construction No
Property Type Multi Family
Status Active
Directions Butterworth to Lane. Left side of road before cul-de-sac
City Grand Rapids
High School District Grand Rapids
Zoning Description RESIDENTIAL
Number Of Units Total 2
Lot Size Units Acres
Lot Size Square Feet 3800.0
Listing Terms Cash,Conventional
Land Lease Y/N No
Tax Annual Amount 1817.93
Lease Renewal Y/N No
Additional Parcels Y/N No
Rent Control Y/N No
Standard Status Active
Tax Assessed Value 36159
MobileHomeRemainsYN No
Legal Description LOT 19* COURTNEY S ADDITION
Senior Community None

Interior Features

Basement Michigan Basement
Basement (Y/N) Yes
Air Conditioning Y/N No
Heating Y/N Yes

Exterior Features

Lot Features Level,Cul-De-Sac,Sidewalk
Total Parking 2.0
Lot Size Area 0.09
Number of Buildings 1
Spa No
Lot Dimensions 40 x 095
Lot Size Acres 0.09
Road Surface Type Paved
Waterfront Y/N No
Crops Included Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 49504

Price
AVG $360K
$260K
Taxes
AVG $3,629
$1,817
Year Built
AVG 1897
1920
Visits
AVG 24
1
Data Provided by Inside Real Estate®

Areas We Cover