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Back 27 Colfax St NE
Off Market

27 Colfax St NE

Grand Rapids MI 49505

6
4
4
6752 sq. ft.
Multi-Family
Last sold for $499,000
Timothy VandenToornTimothy VandenToorn, last sold this property on 20 October 2026 after 33 days on market.

Overview

Excellent investment opportunity in growing NE Grand Rapids! This City-certified 4-unit multifamily property is 100% occupied with great tenants and all leases secured through July 2027, providing immediate cash flow and a smooth transition for the next owner. Current gross rents total $5,005/month ($60,060 annually), putting the property right around the desirable 1% rent-to-price benchmark. Many updates have been completed throughout the units, making this a strong addition to an investor's portfolio. The property also features a large backyard, alley access, and street frontage. With established tenants, strong current rents, City certification until 09/08/2029, and long-term leases already in place, this is an attractive opportunity to acquire a stabilized income-producing property in NE Grand Rapids with future upside. Professional Property Management available with United Properties making this an easy all around acquisition.

Features

6 bedrooms
4 bathrooms
4 carspaces
6752 sq. ft. lot size
Multi-Family

Estimated Value

We need at least 3 similar 6 bedroom multi families sold in Grand Rapids over the last 12 months.

Property history for 27 Colfax St NE

2026
Sold
$499,000
20 Oct 2026 by Timothy VandenToorn, of United Realty Services LLC
2018
Sold
$213,000
20 Mar 2018 by Doug Mol, of Five Star Real Estate (Main)

Happy sellers in Grand Rapids

90%
90% of sellers in Grand Rapids reported that their sale price either exceeded or met their price expectations.

Grand Rapids stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Grand Rapids over the last 12 months.

Local market activity for 6 bedroom multi families in Grand Rapids

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