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623 Lane Avenue Nw, Unit 625, Grand Rapids, MI 49504

$319,000
  • 623 Lane Avenue Nw, Unit 625, Grand Rapids, MI 49504 Main Photo

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Active
BEDS0 BATHS MLS#26031290
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLGrand Rapids

Property 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 investors portfolio with proven rental history and multiple income streams. Whether youre a seasoned investor or looking to start building wealth through real estate, this income-producing property offers excellent upside and long-term value.

623 Lane Avenue Nw, Unit 625 | MLS# 26031290

This multi-family property located at 623 Lane Avenue Nw, Unit 625, Grand Rapids, MI 49504 is currently listed for sale with an asking price of $319,000. Lane Avenue Nw, Unit 625 is located within the Grand Rapids school district. Search Grand Rapids real estate on brianbennett.ikeyrealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Michigan Basement
Heating: Forced Air
Lot Size: 0.11 Acres
Taxes: $8,990
Year Built: 1905

Feature Descriptions

Days on Site: 9
Exterior: Vinyl Siding
Laundry: Electric Dryer Hookup, Gas Dryer Hookup, In Unit, Washer Hookup
Lot: Wooded
Lot Dimensions: 37.5*122.55*37.5*122.65
Owner Pays: Trash Collection, Water
Parcel Number: 41-13-23-413-014
Parking: Concrete, Driveway, Paved
Parking Total: 2
Road Surface: Paved
Sewer: Public Sewer
Sub Type: 2 to 4 Units
Tenant Pays: Electric, Gas
Units: 2
Utilities: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected
Wooded: Yes

Local Schools

School District: Grand Rapids

Listed By / Shown By

Listed By

Agency Name: ReSIDE Grand Rapids
Agent Name: Connor Anderson
Agency Phone: 616-419-9637

agent picture

Shown By

Agent Name: Brian Bennett
Agent Phone: (734) 717-5637
Agency Title: Key Realty

IDX logoThe property comes from the Member MLS's of the Michigan Regional Information Center, LLC (MichRIC). Copyright 2026 Michigan Regional Information Center, LLC (MichRIC). All rights reserved. Information deemed reliable, but not guaranteed. Data Last Updated 07/03/2026.

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Estimated Payment

$ 2,626.60 per month $1,784.40 Principal & Interest $749.17 Property Tax $93.04 Homeowner's Insurance

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