226 College Avenue NE, Grand Rapids, MI 49503

Features

Welcome to 226 College Ave NE, a thoughtfully updated 4-unit property in the heart of Heritage Hill, ideally located near the intersection of College Ave and Lyon St--just a short walk to Martha's Vineyard and the Montessori schools across the street. Built in 1900 and offering 2,212 finished square feet, this home blends the charm of a historic Grand Rapids property--hardwood floors, a fireplace in Unit 1, and classic architectural details--with meaningful, recent updates. The building features two studios, a one-bedroom, and a loft-style two-bedroom, with Unit 1 updated in 2024 and the remaining units updated in 2021, plus freshly painted common areas completed this month.
This is a truly turnkey opportunity with strong tenant history--all tenants pay on time with no late payments, including two long-term occupants and three leases secured through spring 2027. The property is fully leased with one unit becoming available May 1, offering flexibility for an owner-occupant or the the ability to capture a market rental rate. Major improvements include a new roof (2021), new exterior paint (2024), and a rebuilt front porch completed in summer (2024), providing peace of mind for the next owner. A backyard, garage, and four off-street parking spaces add rare convenience, while the highly walkable Heritage Hill location places you close to downtown, dining, and local amenities. Opportunities like this--well-maintained 4-unit properties in Heritage Hill--are limited and don't come to market often.