Pending
820 Watson Street SW, Grand Rapids, MI 49504
$279,900
MLS # 26020826 (Michigan Regional Information Center (MichRIC))
2 unitsBuilt 19100.08 acres
1 / 27
Listing Description
Located in the heart of Grand Rapids' bustling West Side, this fully rented investment property offers a rare opportunity to own in one of the city's fastest-growing and most vibrant neighborhoods. Just minutes from the new soccer stadium, this income-producing asset is surrounded by popular bars, restaurants, breweries, and entertainment destinations that continue to drive strong demand and neighborhood growth. With stable tenants already in place and unbeatable proximity to downtown attractions, this property is ideal for investors seeking immediate cash flow and long-term appreciation potential in a thriving urban corridor.
Source: SparkMLS
About this home
Currently offered at $279,900.
Annual property taxes run approximately $3,007 ($251/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 Size0.08 acres
Year Built1910
Location
CityGrand Rapids
MunicipalityCity of Grand Rapids
Zip Code49504
CountyKent
School DistrictGrand Rapids
Construction & Systems
ConstructionShingle Siding
BasementMichigan Basement
HeatingForced Air
SewerPublic Sewer
UtilitiesPhone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected
Sale & Financing
Listed5/21/2026
Terms AcceptedVA Loan, MSHDA, FHA, Cash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$3,007
Tax Year2025
State Equalized Value$117,700
Taxable Value$59,804
Assessed Value$58,232
Parcel #411326437002
Source: Public Records
Legal Description
N 1/2 OF LOT 5 BLK 7* SHEPARD S ADDITION
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Ricardo S Cottengim
Cody and Co.
Frequently Asked Questions about 820 Watson Street SW, Grand Rapids, MI 49504
Which school district serves 820 Watson Street SW, Grand Rapids, MI 49504?
Per MLS# 26020826, 820 Watson Street SW, 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.
What type of financing is accepted for this listing?
Per MLS# 26020826, this listing accepts VA Loan, MSHDA, FHA, Cash, Conventional financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 820 Watson Street SW, Grand Rapids, MI 49504?
Per public tax records, annual property taxes for this property are $3,007 (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, 820 Watson Street SW, 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 820 Watson Street SW, 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 820 Watson Street SW, 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
Mortgage Calculator
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Monthly payment$1,815
Principal & interest$1,815
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
820 Watson Street SW, Grand Rapids, MI 49504
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Municipality
Grand Rapids
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