549 Logan St SE - Apartments FOR SALE


Grand Rapids, MI 49503- South Hill
$795,000 USD
734-602-5700
549 Logan St SE, Grand Rapids, MI for Sale
$795,000 USD
Apartments - FOR SALE
1/13
null | 4.92% Cap Rate

549 Logan St SE
Grand Rapids, MI 49503
South Hill


HIGHLIGHTS

  • Multifamily property containing multiple private units in the Heritage Hill area.
  • Lot accommodates shared parking in a dense, urban neighborhood setting.
  • Positioned in an area with consistent demand for rental housing and adaptive reuse projects.

OVERVIEW

Located in the Heritage Hill neighborhood of Grand Rapids, 549 Logan St SE represents a distinctive multifamily investment opportunity in one of the city’s most recognized historic districts. The property currently consists of multiple units, making it suitable for continued use as an income-generating residential asset or potential adaptive reuse, subject to local zoning. Surrounded by tree-lined streets and established residential developments, the area is known for its architectural character and proximity to downtown. Residents benefit from convenient access to urban amenities including employment centers, dining establishments, and cultural attractions in central Grand Rapids. This proximity to the city core ensures strong tenant demand and sustained occupancy potential. Positioned within a walkable neighborhood with reliable access to public transportation and key road networks, the property leverages an excellent location for long-term value creation.

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$209 USD /SF

# OF UNITS

5

PRICE/UNIT

$159,000

CAP RATE

4.92%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1905

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,756 SF

ZONING

TN-LDR

APN/PARCEL ID

41-14-31-204-019

ASK ABOUT THIS PROPERTY

Stewart BealBeal Real Estate LLCMore Info
734-602-5700

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Stewart BealBeal Real Estate LLCMore Info
734-602-5700

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.