3241 Marshall Ave SE Grand Rapids, MI 49508
Ken-O-Sha Park NeighborhoodEstimated payment $3,896/month
About This Home
Owner occupied or Investment Opportunity!
Welcome to 3241 Marshall Ave SE, a well-maintained and income-producing apartment building offering immediate cash flow and long-term upside. This solid property features three turnkey 2-bedroom, 1-bath units, each renting for $1,300/month, and one 1-bedroom, 1-bath unit renting for $1,100/month. One 2-bedroom unit is currently vacant for showings, making it ideal for owner-occupants or investors looking to fill at market rent. All units are occupied on month-to-month leases, providing excellent stability with the flexibility for future adjustments. Tenants are responsible for their own electric and trash, further maximizing net income for the new owner. Recent 2024 upgrades elevate the building's appeal and reduce future maintenance costs, including: Brand new roofs on both the main building and garage port
-Fully updated Unit # 2
-New front and back doors with enhanced security locks
-Updated electrical systems -Updated common hallwa ys
-New coin-operated laundry area
-Fresh interior and exterior paint
-Updated landscaping
-New mailboxes & exterior security lighting
-Full camera system covering outdoor areas and interior hallways
This is a clean, professionally updated building in strong rental conditionperfect for both seasoned investors and first-time multifamily buyers. Three of the occupied units will be made available for walkthrough after an accepted offer.
Don't miss this chance to add a high-performing property to your portfolio!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,843
Year Built
- Built in 1964
Lot Details
- 0.3 Acre Lot
- Lot Dimensions are 89x150x89x161
Home Design
- Brick Exterior Construction
- Composition Roof
Basement
- Natural lighting in basement
Parking
- 5 Parking Spaces
- Carport
- Driveway
Utilities
- Window Unit Cooling System
- Heating System Uses Natural Gas
- Radiant Heating System
- Window Unit Heating System
Community Details
- 4 Units
Listing and Financial Details
- The owner pays for water, sewer, gas
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/28/2025 11/28/25 | For Sale | $599,900 | +39.5% | -- | |
| 01/27/2023 01/27/23 | Sold | $430,000 | +2.6% | -- | View Prior Sale |
| 01/10/2023 01/10/23 | Pending | -- | -- | -- | |
| 01/07/2023 01/07/23 | For Sale | $419,000 | -- | -- |
Source: MichRIC
MLS Number: 25060041
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.
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