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$469,900
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Property Description
Fully occupied 6-unit multifamily investment opportunity in Big Rapids near Ferris State University. Unit mix includes five 2 bed/1 bath apartments and one 4 bed/1 bath unit totaling approximately 5,500 sq ft. Tenants pay gas and electric. Each unit has a separate water meter, creating immediate opportunity to bill back water and increase NOI. Coin-op laundry generates approximately $300/month in additional income. Three of six furnaces are newer (under 2 years old), reducing near-term capital expenses. Area 2-bedroom rents are trending closer to $1,050/month, leaving upside through unit turns and light cosmetic updates, particularly Unit 5. Onsite parking for approximately 8 vehicles. Strong rental demand driven by Ferris State and the surrounding employment base makes this a stable cash flow and value-add opportunity.
Full Property Details
Full Property Details for MLS# 26020346
General
- Price: $469,900
- Taxes: $5,688
- Status: Active
- Type: Single Family
- Source: SWMRIC_MLS
- MLS ID: 26020346
- Updated: 6/11/2026
- Added to Site: 67 day(s) ago
Rooms
Other Rooms
- Laundry: In Basement, Upper Level
Parking
- Total Spaces: 8
- Parking Features: Paved
Location
- County: Mecosta
- Cross Streets: Ives & Stewart
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Cable Available: Yes
- Utility Description: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
Structural Information
- # Buildings: 1
- Construction: Vinyl Siding
- Basement: Yes
- Roof: Composition
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.21
- Lot Size (Sq. Ft.): 9,148
- Lot Dimensions: 60 x 132.50
- Frontage: Paved
- Lot Features: Level
- Zoning: R-P
Financial Considerations
- Tax Amount: $5,688.6
- Terms: Cash
- Landlord Pays: Trash Collection, Water
- Tenant Pays: Electricity, Water, Trash, Sewer, Gas
Disclosures and Reports
- Legal Description: 000411 MAPLE STREET: SEC 11, T15N, R10W -- A PARCEL OF LAND DESC AS BEG AT A PT 90 FT E OF THE INT OF THE N LI OF MAPLE ST & THE E LI OF N STEWART AVE, TH E ALG THE N LI OF MAPLE ST 60 FT, TH N 165 FT, TH W 50 FT, TH S 65 FT, TH W 10 FT TH S TO THE P OB.
Listed by EXP Realty LLC, Alexia Hoffman
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Price & Sales History for MLS# 26020346
Date
Details
Price
Change
Source
6/11/2026
Price Reduced
$469,900
-4.1%
MLS
5/27/2026
Price Reduced
$490,000
-2%
MLS
5/06/2026
Listed
$500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for MLS# 26020346
MLS# 26020346, Big Rapids, MI 49307 (MLS# 26020346) is a Single Family property with 0 bedrooms and 0 full bathrooms. MLS# 26020346 is currently listed for $469,900 and was received on May 06, 2026. Want to learn more about MLS# 26020346? Do you have questions about finding other Single Family real estate for sale in Big Rapids? You can browse all Big Rapids real estate or contact a Coldwell Banker agent to request more information.

