116 Coleman St SE Grand Rapids, MI 49548
Estimated payment $5,869/month
Highlights
- 0.58 Acre Lot
- Cooling System Mounted In Outer Wall Opening
- Forced Air Heating System
- East Kentwood High School Rated A-
- Laundry Room
- Level Lot
About This Home
Great opportunity for medium size investor or investment group, this solid brick building includes seven 2-bedroom units and one 1-bedroom unit, coin operated laundry, and two furnace rooms. Tenant pays their own heating/cooling and electrical; landlord pays for gas/electric in the common areas. There is an 8-car carport plus open air parking for 8 more vehicles. We also have listed an 8-unit building to the east (146 Coleman), which is also available for $999,950. This is a one owner building purchased 40 years ago and has been a great investment. Low taxes, low regulation Gaines Township is also a bonus. Call L.S. Dwight Berens only for more information. All offers due Fri 10/17 5:00 pm
Listing Agent
RE/MAX of Grand Rapids (Stndl) License #6501095445 Listed on: 10/08/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,800
Year Built
- Built in 1984
Lot Details
- 0.58 Acre Lot
- Lot Dimensions are 210x120x210x120
- Level Lot
Home Design
- Brick Exterior Construction
- Slab Foundation
- Composition Roof
Parking
- 12 Parking Spaces
- Carport
- Driveway
Utilities
- Cooling System Mounted In Outer Wall Opening
- Forced Air Heating System
- Heating System Uses Natural Gas
- Natural Gas Connected
- Individual Gas Meter
- Cable TV Available
Additional Features
- Laundry Room
- Stepless Entry
Listing and Financial Details
- The owner pays for water, sewer
Community Details
Building Details
- Insurance Expense $2,000
- Manager Expense $3,800
- Utility Expense $1,450
- Operating Expense $53,500
- Gross Income $90,000
- Net Operating Income $37,000
Additional Features
- 8 Units
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,353 | $229,500 | $0 | $0 |
| 2024 | $6,353 | $229,600 | $0 | $0 |
| 2022 | $0 | $207,300 | $0 | $0 |
| 2021 | $0 | $204,400 | $0 | $0 |
| 2020 | $0 | $200,600 | $0 | $0 |
| 2019 | $0 | $178,700 | $0 | $0 |
| 2018 | $0 | $165,000 | $37,800 | $127,200 |
| 2017 | $0 | $134,500 | $0 | $0 |
| 2016 | $0 | $119,500 | $0 | $0 |
| 2015 | -- | $119,500 | $0 | $0 |
| 2013 | -- | $113,200 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/08/2025 10/08/25 | For Sale | $999,950 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 25051710
APN: 41-22-07-305-052
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Information is deemed reliable but not guaranteed.
Copyright 2025 MichRIC, LLC. All rights reserved.
- 146 Coleman St SE
- 59 Lilly St SE
- 127 76th St SE
- 101 76th St SE
- 116 and146 Coleman St SE
- 54 76th St SW
- 62 Kenton St SE
- 7581 Rivendell Dr SE
- 7677 Skylark Dr SE
- 130 Fontenelle St SE
- 71 71st St SW
- 7432 Sunview Dr SE
- 7749 Turtle Dove Dr SE
- 176 Tewksbury Dr SW
- 45 Nueville St SW
- 55 79th St SE
- 190 Trinity Ave SW
- 52 Monticello St SW
- 104 Herbert St SW
- 7126 Willard Ave SE
- 7255 Periwinkle Ave SE
- 151 N Kenbrook St SE Unit N151
- 6079 In the Pines Dr SE
- 6111 Woodfield Place SE
- 6063 In the Pines Dr SE
- 7000 Byron Lakes Dr SW
- 8730 Prairie Stone Dr SW
- 1414 Eastport Dr SE
- 1190 Fairbourne Dr
- 8920 Pictured Rock Dr
- 130 Kellogg Woods Park Dr SE
- 1394 Carriage Hill Dr SE
- 1480 Hidden Valley Dr SE
- 1695 Bloomfield Dr SE
- 5310-5310 Kellogg Woods Dr SE
- 1421 Brookmark St SE
- 1961 Parkcrest Dr SW
- 4709 Burgis Ave SE
- 2574 Sherwood St SW
- 4500 Clyde Park Ave SW