Please reload the page to update with the latest MLS information available.

Please reload the page to update with the latest MLS information available.

Please reload the page to update with the latest MLS information available.

Reload
 
Listing provided courtesy of ReSIDE Grand Rapids- MLS# 26031290MLS ProviderSource MLS Verified

623 Lane Avenue NW #625Grand Rapids, MI 49504

Multi-Family · 0.11 Acres
$319,000 Active

623 Lane Avenue NW #625 Overview

Time on Site:
7 days
Visits:
0

Rare investment opportunity featuring two homes on one lot currently rented for $2,600+ but with room to boost rents. The front house is 4 beds and 2 baths with great long term tenant paying $1,300 and solid mechanicals. The back house is 3 bed 1 bath with tenants in place paying $1,320. Market rents around $1,800 for front house and $1,600 for back house for a total of $3,400. This property on the booming West Side is a great addition to any investor's portfolio with proven rental history and multiple income streams. Whether you're a seasoned investor or looking to start building wealth through real estate, this income-producing property offers excellent upside and long-term value.

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

623 Lane Avenue NW #625 Facts & Features

  • Type Multi-Family
  • Lot 0.11 Acres

Details

General

Building Information

  • New Construction: No
  • Year Built: 1905

Location/Region

  • County Or Parish: Kent

Rent/Lease Information

  • Tenant Pays: Electric,Gas

Tax Information

  • Tax Annual Amount: 8990.0

General Information

  • Parcel Number: 41-13-23-413-014
  • Property Sub Type: 2 to 4 Units
  • Property Type: Multi Family

Interior

Beds/Baths

  • Bathrooms Total: 0

General Information

  • Laundry Features: Electric Dryer Hookup,Gas Dryer Hookup,In Unit,Washer Hookup

Unit Information

  • Unit Number: 625

Exterior

Parking Information

  • Parking Features: Concrete,Driveway,Paved

Lot Information

  • Lot Features: Wooded
  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Size Dimensions: 37.5*122.55*37.5*122.65
  • Lot Size Square Feet: 4598.0
  • Lot Size Units: Acres
  • Road Surface Type: Paved

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Attached Garage: No
  • Construction Materials: Vinyl Siding

General Information

  • Number Of Units Total: 2
  • Sewer: Public Sewer
  • Utilities: Phone Available,Natural Gas Available,Electricity Available,Cable Available,Natural Gas Connected,Electricity Connected

623 Lane Avenue NW #625 Neighborhood

Community

49504 (Grand Rapids) Demographics

33
Median Age
3,604
Population Density (per sq. mile)
43%
College Educated
$52,460
Estimated Median Income
9,450
Estimated Total Home Owners
6,921
Estimated Total Renters
58% / 42%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

623 Lane Avenue NW #625 Monthly Cost

$
$ %
%
$
$
Jim Luxem Jr
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

623 Lane Avenue NW #625 Market Data

Based on the last 30 days in this zip code

$361,526
Average List Price
$217
Average Price per Square Foot
30
Properties Sold
44
Average Days on Market
178
Properties for Sale
Calculations provided by Reliance Network

623 Lane Avenue NW #625 History

Date Event Value Agent
6/23/2026Source: MichRIC MLS Added to Database
June 23, 2026