For Sale
834 Sherman Street SE, Grand Rapids, MI 49506
$525,000
MLS # 26036088 (Michigan Regional Information Center (MichRIC))
4 unitsBuilt 18550.16 acres
1 / 9
Listing Description
This 4-unit apartment building is an excellent investment opportunity just 5 minutes from Downtown Grand Rapids and Trinity Health Hospital. Located on the border of the desirable East Hills and Madison neighborhoods, the property features two 2-bedroom units and two 1-bedroom units. Recently updated (2024-2025) with luxury vinyl plank flooring, granite countertops, and modern cabinetry, this turnkey investment offers immediate cash flow in a high-demand rental market.
Source: SparkMLS
About this home
Located in Grand Rapids in Grand Rapids, this property offers 4-bath, with original construction dating to 1855.
Asking $525,000.
Property tax estimate: $7,110 per year ($593/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
Bathrooms4
Lot Size0.16 acres
Year Built1855
Location
CityGrand Rapids
MunicipalityCity of Grand Rapids
Zip Code49506
CountyKent
School DistrictGrand Rapids
Construction & Systems
ConstructionConcrete
BasementCrawl Space
HeatingForced Air
UtilitiesCable Connected
Sale & Financing
Listed7/14/2026
Terms AcceptedCash
Source: SparkMLS
Tax Information
Annual Tax$7,110
Tax Year2025
State Equalized Value$144,100
Taxable Value$144,100
Assessed Value$144,100
Parcel #411432151008
Source: Public Records
Legal Description
N 135 FT OF LOT 1* MARY J FINCH ADDITION
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Stewart Beal
Beal Properties LLC
Frequently Asked Questions about 834 Sherman Street SE, Grand Rapids, MI 49506
What school district is 834 Sherman Street SE, Grand Rapids, MI 49506 in?
Per MLS# 26036088, this property is served by Grand Rapids. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What type of financing is accepted for this listing?
Per MLS# 26036088, the seller has indicated this property accepts the following financing types: Cash. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 26036088, the most recent reported annual property tax for 834 Sherman Street SE, Grand Rapids, MI 49506 is $7,110 (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 834 Sherman Street SE, Grand Rapids, MI 49506 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 834 Sherman Street SE, Grand Rapids, MI 49506 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$3,405
Principal & interest$3,405
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
834 Sherman Street SE, Grand Rapids, MI 49506
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Municipality
Grand Rapids
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