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Downtown Grand Rapids Multifamily Homes & Duplexes for Sale

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    $590,000

    335 Crescent St NE, Grand Rapids, MI 49503

    This large Heritage Hill Tri-plex tucks three spacious apartments behind a gorgeous historic facade, just one street south of the Medical Mile. Two currently leased units bring in $3350+ utilities; the vacant unit is the most updated and includes a small garage with remote. Priced at just $165/sqft—well below neighborhood averages—this is a rare opportunity. All three 2-bedroom apartments feature

    Peter Bruinsma Grand River Realty

    335 Crescent St NE, Grand Rapids, MI 49503
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    $4,000,000

    139 Pearl St NW, Grand Rapids, MI 49503

    Proud to present 139 Pearl for sale. This licensed boutique hotel is strategically located in the heart of Grand Rapids core downtown business district, also known as the Hotel District. Originally comprising 14 long-term apartments and 2 commercial spaces (16 total units),the property has undergone a strategic transformation into a mixed-use building, now approved for short-term transient stays.

    Daniel Kolp MOXIE Real Estate + Development

    139 Pearl St NW, Grand Rapids, MI 49503

Why Live in Downtown Grand Rapids

Downtown Grand Rapids is a vibrant neighborhood characterized by its historic brick Italianate buildings and modern condos. Over 85% of residents rent, but those seeking permanent homes can find condos ranging from $230,000 to $1 million. The area is known for its lively community activities centered around Rosa Parks Circle, which hosts summer concerts and transforms into an ice rink in winter. The pedestrian-only Blue Bridge connects to Riverwalk Ah Nab Awen Park, currently undergoing renovations to add river trails and a new 12,000-seat Acrisure Amphitheater set to open in 2026. Downtown boasts the highest concentration of restaurants and bars in the city, including the renowned Founders Brewing Company and unique spots like Stella’s Lounge. Residents enjoy a variety of events, such as the ArtPrize festival and the World of Winter, featuring art installations, fire dancers, and noodle competitions. The neighborhood is also home to several museums, Van Andel Arena, and DeVos Performance Hall. While Downtown is highly walkable, Lime Scooters and 'Rapid' buses provide convenient transportation options. However, the nearest large grocery store, Bridge Street Market, is a mile away. The area is zoned for Congress Elementary, Alger Middle, and Ottawa Hills High, with the highly rated Grand Rapids Public Museum High and Catholic Central High School as notable options. The Medical Mile on the north side features prominent health facilities, while Trinity Health Hospital is a major employer on the south side.

Home Trends in Downtown Grand Rapids, MI

Housing Trends

Median Sale Price
$2,075,000
Median Single Family Sale Price
$825,000
Average Price Per Sq Ft
$432
Number of Homes for Sale
3
Last 12 months Home Sales
24
Months of Supply
1.50
Median List Price
$825,000
Median Change From 1st List Price
8%
Median Home Sale Price YoY Change
448%
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