For Sale
623 Lane Avenue NW 625, Grand Rapids, MI 49504
$305,000
MLS # 26031290 (Michigan Regional Information Center (MichRIC))
2 unitsBuilt 19050.11 acres
1 / 26
Listing Description
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.
Source: SparkMLS
About this home
Asking $305,000.
Annual property taxes run approximately $8,990 ($749/month). 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 Subtype2 to 4 Units
Bathrooms0
Lot Size0.11 acres
Year Built1905
Location
CityGrand Rapids
MunicipalityCity of Grand Rapids
Zip Code49504
CountyKent
School DistrictGrand Rapids
Construction & Systems
ConstructionVinyl Siding
BasementMichigan Basement
HeatingForced Air
SewerPublic Sewer
UtilitiesPhone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected
Sale & Financing
Listed6/22/2026
Original Price$319,000
Terms AcceptedCash
Source: SparkMLS
Tax Information
Annual Tax$8,990
Tax Year2025
State Equalized Value$174,100
Taxable Value$174,100
Assessed Value$174,100
Parcel #411323413014
Source: Public Records
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
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Connor Anderson
ReSIDE Grand Rapids
Frequently Asked Questions about 623 Lane Avenue NW 625, Grand Rapids, MI 49504
Which school district serves 623 Lane Avenue NW 625, Grand Rapids, MI 49504?
Per MLS# 26031290, 623 Lane Avenue NW 625, Grand Rapids, MI 49504 is in the Grand Rapids boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Grand Rapids directly to confirm enrollment eligibility.
Can I use FHA or VA financing for this property?
Per MLS# 26031290, this listing accepts Cash financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 623 Lane Avenue NW 625, Grand Rapids, MI 49504?
Per public tax records, annual property taxes for this property are $8,990 (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.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 623 Lane Avenue NW 625, Grand Rapids, MI 49504 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.
Is 623 Lane Avenue NW 625, Grand Rapids, MI 49504 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. 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.
What utilities serve 623 Lane Avenue NW 625, Grand Rapids, MI 49504?
Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: DTE Gas Company. Sewer: Public Sewer. Confirm service details directly with providers.
What is the crime rate in 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
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Monthly payment$1,978
Principal & interest$1,978
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 Lane Avenue NW 625, Grand Rapids, MI 49504
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Municipality
Grand Rapids
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