Date
Details
Price
Change
Source
4/15/2026
Listed
$349,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$349,900 Just Listed
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Property Description
4-unit value-add opportunity in Riverside Gardens with immediate upside for the next owner. Strong rental location, long-term ownership, and flexible unit mix including (2) 2-bedroom units, (1) 1-bedroom unit, and (1) studio, all with 1 bath. Two units currently occupied, all month-to-month. Largest 2-bedroom unit is vacant with new carpet, creating an immediate opportunity for lease-up, owner occupancy, or renovation. Current rents have been conservatively managed at approximately $800-$1,100/month, previously totally $4,000/month,, while leaving room for increased income through improved management and updates. Property includes 1 forced air furnace, 3 wall furnaces, 4 gas meters, 4 water heaters, and 2 electrical panels. Primary roof replaced approximately 7-8 years ago. Seller recently secured 6yr rental certification. Detached garage needs re-work but good potential for covered tenant parking and storage. Strong fit for value add, long term investors. Top notch location!
Full Property Details
Full Property Details for 501 3 Mile Rd NE
General
- Price: $349,900
- Taxes: $3,898
- Status: Active
- Type: Single Family
- Source: SWMRIC_MLS
- MLS ID: 26015647
- Updated: 4/15/2026
- Added to Site: 4 day(s) ago
Parking
- Total Spaces: 5
- Parking Features: Asphalt, Driveway, Concrete
Location
- County: Kent
- Subdivision: Riverside Gardens
- Cross Streets: 3 mile and coit
- Driving Directions: Head north on Coit ave until you get to 3 Mile Rd. Property is on the right corner.
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Window Unit(s)
- Heating Type: Forced Air, Wall Furnace
Utilities
- Sewer: Public Sewer
- Water: Private Water
- Cable Available: Yes
- Utility Description: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected, Storm Sewer
Structural Information
- # Buildings: 2
- Construction: Vinyl Siding
- Basement: Yes
- Roof: Composition
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.23
- Lot Size (Sq. Ft.): 10,019
- Lot Dimensions: IRR
- Frontage: Paved
- Lot Features: Corner Lot
- Zoning: Residential
Financial Considerations
- Tax Amount: $3,898.92
- Terms: Cash, Conventional
- Landlord Pays: None
- Tenant Pays: None
Disclosures and Reports
- Legal Description: PT SE1/4 COM AT NE COR COIT AVE & 3 MILE RD TH NLY ON E LINE COIT AVE 110 FT TH E PARL 3 MILE RD 84 FT TH SLY 104.23 FT TO A PT ON N LINE OF 3 MILE RD 110 FT E OF BEG TH W TO BEG* SEC 6 T7N R11W* 0.23 A
- Property ID: 41-14-06-457-018
Listed by Five Star Real Estate (Eastown), Justin W Moorehead
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Listing agent
— 501 3 Mile Rd NE —
Justin W Moorehead
Five Star Real Estate (Eastown)
NMLS#: 1598647
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Schools
Schools serving 501 3 Mile Rd NE
School District:Grand Rapids Public Schools
| Name | Grades | Distance |
|---|---|---|
Aberdeen Elementary School 928 Aberdeen Street Northeast, Grand Rapids, MI 49505 | K-8 | 0.8 mi |
Center For Economicology 1720 Plainfield Avenue Northeast, Grand Rapids, MI 49505 | 6- | 1.5 mi |
John Ball Park Zoo School 1300 Fulton Street West, Grand Rapids, MI 49504 | 6- | 4.1 mi |
Riverside Middle School, Grand Rapids, MI 265 Eleanor Street Northeast, Grand Rapids, MI 49505 | 6-8 | 0.7 mi |
City High Middle School 1720 Plainfield Avenue Northeast, Grand Rapids, MI 49505 | 7-12 | 1.5 mi |
Grand Rapids University Preparatory Academy 512 Division Avenue South, Grand Rapids, MI 49503 | 6-12 | 4.2 mi |
Innovation Central High School 421 Fountain Street Northeast, Grand Rapids, MI 49503 | 9-12 | 3.3 mi |
Union High School, Grand Rapids, MI 1800 Tremont Boulevard Northwest, Grand Rapids, MI 49504 | 9-12 | 3.9 mi |
Blandford Nature Center 3143 Milo Street Northwest, Grand Rapids, MI 49534 | 6- | 4.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 501 3 Mile Rd NE
Estimate the Cost
Estimate the Cost for 501 3 Mile Rd NE
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- Condo
- Active
- Updated 3 days ago
- 2Beds
- 3Total Baths
- 1,440Sq. Ft.
- Single Family
- Active
- Updated 3 days ago
- 5Beds
- 4Total Baths
- 3,052Sq. Ft.
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- Single Family
- Active
- Updated 3 days ago
- 3Beds
- 3Total Baths
- 2,766Sq. Ft.
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501 3 Mile Road NE, Grand Rapids, MI 49505 (MLS# 26015647) is a Single Family property with 0 bedrooms and 0 full bathrooms. 501 3 Mile Road NE is currently listed for $349,900 and was received on April 15, 2026. Want to learn more about 501 3 Mile Road NE? Do you have questions about finding other Single Family real estate for sale in Grand Rapids? You can browse all Grand Rapids real estate or contact a Coldwell Banker agent to request more information.