$370,000
SOLD AUG 28, 2025

1523 Broadway Ave NW Grand Rapids, MI 49504

West Grand Neighborhood
-- Bed
-- Bath
-- Sq Ft
3,881 Sq Ft Lot

Recently Sold

8% Below List Price

36 Days on Market

About This Home

As of August 2025

Cash flow or owner occupant ready 4-unit multi-family in a growing NW neighborhood near Richmond and freeway access. Includes two 1-bedroom and two 2-bedroom units.Three units are currently rented, bringing in $2,540/month, with one unit still available to lease or for a buyer to move in! A solid investment opportunity that you won't want to miss!

Last Agent to Sell the Property

Connor Anderson

ReSIDE Grand Rapids License #6506049133 Listed on: 06/24/2025

Last Buyer's Agent

Lisa Stewart

Greenridge Realty (EGR) License #6501422435

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,434

Year Built

  • Built in 1879

Lot Details

  • 3,881 Sq Ft Lot
  • Lot Dimensions are 38x115
  • Level Lot

Home Design

  • Composition Roof
  • Vinyl Siding

Basement

  • Michigan Basement

Parking

  • 2 Parking Spaces
  • Unpaved Driveway
  • Unpaved Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Cable TV Available

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for electric, gas
  • The owner pays for trash collection, water, sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,434

Year Built

Built in 1879

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1879
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 38X115
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Zoning3: R3
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Heat Source:Natural Gas3: Yes
  • Lot Description:Level: Yes
  • Driveway:Unpaved: Yes
  • Substructure:Michigan Basement: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Cable Available: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Remarks Misc: Public Remarks: Cash flow or owner occupant ready 4-unit multi-family in a growing NW neighborhood near Richmond and freeway access. Includes two 1-bedroom and two 2-bedroom units.Three units are currently rented, bringing in $2,540/month, with one unit still available to lease or for a buyer to move in! A solid investment opportunity that you won't want to miss!
  • Remarks Misc: Agent Only Remarks: Can only show Wednesday 4-6 and Saturday 11-1 Unit 2 is vacant and can be shown at anytime.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement
  • Basement: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 400000.0
  • Lot Features: Level
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Unpaved
  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: None
  • Utilities: Cable Available, Natural Gas Connected, Electricity Connected

Lot Info

  • Lot Size Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Dimensions: 38X115
  • Lot Size Sq Ft: 3881.0
  • Zoning Description: R3

Rental Info

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electric, Gas

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 2434.0
  • Tax Year: 2025

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2025
Closed on
Aug 28, 2025
Sold by
02 Broadway Llc
Bought by
Green Clifford
Seller's Agent
Connor Anderson
ReSIDE Grand Rapids
Buyer's Agent
Lisa Stewart
Greenridge Realty (EGR)
List Price
$400,000
Sold Price
$370,000
Premium/Discount to List
-$30,000
-7.5%
Views
31

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-12.21%
Original Mortgage
$275,000
Outstanding Balance
$275,000
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$83,618

Purchase Details

Closed on
Oct 11, 2014
Sold by
Maier Philip and Maler Justine
Bought by
02 Broadway Llc

Purchase Details

Listed on
Apr 22, 2014
Closed on
Apr 23, 2014
Sold by
Whitteberry Stephen R and Whitteberry Diane K
Bought by
Maier Philip and Maier Justine
Seller's Agent
Eric Freeman
Solid Rock Real Estate LLC
Buyer's Agent
Eric Freeman
Solid Rock Real Estate LLC
List Price
$119,900
Sold Price
$105,000
Premium/Discount to List
-$14,900
-12.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.17%
Original Mortgage
$78,750
Interest Rate
4.41%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 3, 2010
Sold by
Whitteberry Stephen R
Bought by
Whitteberry Stephen R and Whitteberry Diane K

Purchase Details

Closed on
Feb 5, 2010
Sold by
Whitteberry Diane K
Bought by
Whitteberry Stephen R

Purchase Details

Closed on
Jan 16, 2008
Sold by
Zolikoff Amy and Mortgage Electronic Registrati
Bought by
Homecomings Financial Llc

Purchase Details

Closed on
Dec 5, 2005
Sold by
Schultz Larry and Schultz Janet
Bought by
Zolikoff Amy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
7.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 18, 2001
Sold by
Schultz Larry W
Bought by
Trustees Of The Larry Schultz Trust

Purchase Details

Closed on
Feb 7, 2000
Sold by
Schultz Shltz J and Schultz Lw
Bought by
Whitteberry Stephen R Diane K

Purchase Details

Closed on
Sep 25, 1986
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $370,000 None Listed On Document
Quit Claim Deed -- None Available
Warranty Deed $105,000 None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Sheriffs Deed $81,600 None Available
Warranty Deed $115,000 Rels Title
Interfamily Deed Transfer -- First American Title Ins Co
Quit Claim Deed -- --
Deed $30,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $275,000 New Conventional
Previous Owner $78,750 Commercial
Previous Owner $92,000 Commercial
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/28/2025 08/28/25 Sold $370,000 -7.5% --
07/30/2025 07/30/25 Pending -- -- --
06/24/2025 06/24/25 For Sale $400,000 +281.0% --
04/23/2014 04/23/14 Sold $105,000 -12.4% -- View Prior Sale
04/22/2014 04/22/14 Pending -- -- --
04/22/2014 04/22/14 For Sale $119,900 -- --
Source: MichRIC

Tax History Compared to Growth

Source: Public Records

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 $2,342 $134,100 $0 $0
2024 $2,342 $120,400 $0 $0
2023 $2,323 $104,600 $0 $0
2022 $2,207 $97,900 $0 $0
2021 $2,151 $73,800 $0 $0
2020 $2,079 $71,600 $0 $0
2019 $2,129 $57,500 $0 $0
2018 $2,063 $46,700 $0 $0
2017 $2,013 $45,300 $0 $0
2016 $2,023 $37,700 $0 $0
2015 $1,927 $37,700 $0 $0
2013 -- $25,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Connor Anderson

    Seller's Agent in 2025

    Connor Anderson

    ReSIDE Grand Rapids

    (616) 648-6353

    13 in this area

    122 Total Sales

    Connor Anderson
    Section Image
  • Lisa Stewart

    Buyer's Agent in 2025

    Lisa Stewart

    Greenridge Realty (EGR)

    (616) 540-7132

    6 in this area

    108 Total Sales

    Lisa Stewart
    Section Image

  • E

    Seller's Agent in 2014

    Eric Freeman

    Solid Rock Real Estate LLC

    (616) 667-2715

    36 Total Sales

    Eric Freeman
    Section Image
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Map

Source: MichRIC

MLS Number: 25030463

MichRIC

APN: 41-13-13-328-029

Michigan Kent County Grand Rapids 49504 West Grand

1523 Broadway Ave NW, Grand Rapids, MI

Sold

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