For Sale
623 Cherry Street SE, Grand Rapids, MI 49503
$689,900
MLS # 26029645 (Michigan Regional Information Center (MichRIC))
5 unitsBuilt 18750.39 acres
1 / 39
Listing Description
Great investment opportunity with this Cherry Hill 5 unit property! All units are 1 bedroom/1 bathroom and bringing in a total of 6,985/month in rent. The property also offers amble off street parking! Conveniently located to Medical Mile, downtown Grand Rapids, shopping, nightlife, local coffee shops, and restaurants. Call today to set up a showing and add to your investment portfolio!
Source: SparkMLS
About this home
Asking $689,900.
Estimated annual property tax: $16,500, or about $1,375 monthly. Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Consumers Energy Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeMulti Family
Property Subtype5+ Units
Bathrooms0
Lot Size0.39 acres
Year Built1875
Location
CityGrand Rapids
MunicipalityCity of Grand Rapids
Zip Code49503
CountyKent
School DistrictGrand Rapids
Construction & Systems
ConstructionWood Siding
BasementMichigan Basement
HeatingForced Air
UtilitiesNatural Gas Connected, Electricity Connected
Sale & Financing
Listed6/15/2026
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$16,500
Tax Year2025
State Equalized Value$321,100
Taxable Value$321,100
Assessed Value$320,434
Parcel #411430432039
Source: Public Records
Legal Description
W 64 FT OF LOT 7 * KELLOGG'S SUBDIVISION
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Lauren Karsten
Five Star Real Estate (Ada)
Frequently Asked Questions about 623 Cherry Street SE, Grand Rapids, MI 49503
What school district is 623 Cherry Street SE, Grand Rapids, MI 49503 in?
Per MLS# 26029645, this property is served by Grand Rapids. In Michigan, school district boundaries are set by the state and do not always follow city limits.
Can I use FHA or VA financing for this property?
Per MLS# 26029645, the seller has indicated this property accepts the following financing types: Cash, Conventional. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 26029645, the most recent reported annual property tax for 623 Cherry Street SE, Grand Rapids, MI 49503 is $16,500 (2025). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 623 Cherry Street SE, Grand Rapids, MI 49503 eligible for USDA financing?
Per USDA Rural Development boundary data, 623 Cherry Street SE, Grand Rapids, MI 49503 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 623 Cherry Street SE, Grand Rapids, MI 49503 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: DTE Gas Company. Confirm service details directly with providers.
How safe is this area?
For crime and public safety data, we recommend inquiring directly with the City of Grand Rapids police department or the Kent County sheriff's office.
Map
Mortgage Calculator
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Monthly payment$4,475
Principal & interest$4,475
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Consumers Energy Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
623 Cherry Street SE, Grand Rapids, MI 49503
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Municipality
Grand Rapids
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