Address
127 Lexington Avenue Sw, Grand Rapids, MI
Price
$ 399,900
Property Attributes
- MLS#26048778
- TypeMulti-Family
- Listing Status Active
- CountyKENT
- CityGrand Rapids
- AreaCity of Grand Rapids
- NeighborhoodCity of Grand Rapids
- Zip49504
- Style2 to 4 Units
- Year Built1880
- Taxes$ 2137
- Price$ 399,900
- Bedrooms0
- Full Bathrooms3
- Half Bathrooms0
- Lot Size0.14 Acres
Data Source:
Michigan Regional Information Center (MICHRIC)
Property Description
Welcome to 127 Lexington, this is 3 Unit Multi Family that would be great for owner occupied or an investor! Building had new siding and roof installed in 2016. Each unit has separate furnace inside unit and separate electric. Tenants pay electric, owner pays for Natural Gas, Water and Trash. Property shows very well and has long term tenants. Ample parking off the alley or on the street.
| Price History | |
|---|---|
| 9/14/2026 | Listed $399,900 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air |
| Cooling | Window Unit(s) |
| Utilities | Phone Available,Natural Gas Available,Electricity Available,Cable Available,Natural Gas Connected,Electricity Connected,Storm Sewer |
| Possession | Subject To Tenant Rights |
| Roof | Composition |
| Construction Materials | Vinyl Siding |
| Year Built | 1880 |
| Tenant Pays | Electric |
| Township | City of Grand Rapids |
| Property Subtype | 2 to 4 Units |
| Tax Year | 2026 |
| Ownership | Private Owned |
| Gross Income | 33900.0 |
| OwnerPays | Trash Collection,Water,Gas |
| County | Kent |
| Net Operating Income | 30797.0 |
| Operating Expense | 3103.0 |
| Insurance Expense | 1667.0 |
| New Construction | No |
| Property Type | Multi Family |
| Attached Garage | No |
| MaintenanceExpense | 500.0 |
| Status | Active |
| Directions | Futlon St to Seward,south to address |
| City | Grand Rapids |
| High School District | Grand Rapids |
| Zoning Description | Res-Imp |
| Number Of Units Total | 3 |
| Lot Size Units | Acres |
| Lot Size Square Feet | 6100.0 |
| Listing Terms | FHA,Cash,Conventional |
| Land Lease Y/N | No |
| Tax Annual Amount | 2137.0 |
| Lease Renewal Y/N | No |
| Additional Parcels Y/N | No |
| Rent Control Y/N | No |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Tax Assessed Value | 41636 |
| MobileHomeRemainsYN | No |
| Legal Description | LOT 12 BLK 9* CONVERSE & TOLFORD S ADDITION |
| Senior Community | None |
Interior Features
| Basement | Crawl Space,Michigan Basement,Partial |
|---|---|
| Basement (Y/N) | Yes |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Laundry Features | Common Area |
| Total Baths | 3 |
Exterior Features
| Parking Features | Aggregate,Driveway |
|---|---|
| Lot Features | Level,Sidewalk |
| Total Parking | 4.0 |
| Lot Size Area | 0.14 |
| Number of Buildings | 1 |
| Spa | No |
| Lot Dimensions | 50x122 |
| Lot Size Acres | 0.14 |
| Road Surface Type | Paved |
| Waterfront Y/N | No |
| Crops Included Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 49504
Price
Taxes
Year Built
Visits
Listing information is provided by Participants of the MichRIC MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. ©: MichRIC MLS. Last Update September 22, 2026 12:33 AM UTC
Northern Great Lakes REALTORS® MLS All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
