541 Coit Avenue NE, Grand Rapids, MI 49503 (MLS# 26040736)

541 Coit Avenue NE, Grand Rapids, MI 49503

$355,000

2-web-or-mls-Watermarked 541 Coit Avenue

3-web-or-mls-Watermarked 541 Coit Avenue

4-web-or-mls-Watermarked 541 Coit Avenue

5-web-or-mls-Watermarked 541 Coit Avenue

6-web-or-mls-Watermarked 541 Coit Avenue

12-web-or-mls-Watermarked 541 Coit Avenu

7-web-or-mls-Watermarked 541 Coit Avenue

8-web-or-mls-Watermarked 541 Coit Avenue

9-web-or-mls-Watermarked 541 Coit Avenue

10-web-or-mls-Watermarked 541 Coit Avenu

11-web-or-mls-Watermarked 541 Coit Avenu

13-web-or-mls-Watermarked 541 Coit Avenu

14-web-or-mls-Watermarked 541 Coit Avenu

15-web-or-mls-Watermarked 541 Coit Avenu

Property Type: Multi Family Lot Size (sq. ft.): 4,879 Status: Pending

Current Price: $355,000 List Date: 8/05/2026 Last Modified: 9/07/2026

Overview

Description

Lender has confirmed the FHA mortgage is assumable with an approved buyer. The current loan is at 2.75% with a balance of $199,000 as of 8/6/26. All this makes this property an incredible investment or house-hacking opportunity in Grand Rapids, positioned just minutes from vibrant downtown and the Medical Mile. The vacant lower unit is completely refreshed and move-in ready, offering maximum flexibility for an owner-occupant or an investor aiming to set top market rent. Step inside to discover a spacious, beautifully updated layout featuring a stylish kitchen, a large living room designed for relaxation, two comfortable bedrooms, and a full bathroom. The upper unit is occupied, providing immediate rental income from day one to jumpstart your investment journey with three bedrooms and a full bath. Complete with a detached two-stall garage, this versatile property blends turn-key convenience, cash-flow potential, and a location close to city dining, shopping, and major healthcare hubs.

Listing Details MLS# 26040736

Location Property Info

County: Kent
Street #: 541
Street Name: Coit
Suffix: Avenue
Post Direction: NE
State: MI
Zip Code: 49503

General Property Info

Lot Measurement: Acres
Lot Square Footage: 4879
Lot Acres: 0.11
Lot Dimensions: 38 x 128
Year Built: 1875
New Construction: No
Road Frontage: 38
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: Yes
Total Approx. SqFt All Bldgs: 3561
Total Parking Spaces: 26
Waterfront: No
School District: Grand Rapids
Association YN: No

Tax Info

Tax ID #: 41-14-19-355-005
Taxable Value: 118416
SEV: 136800
For Tax Year: 2026
Seller's Annual Property Tax: 5954
Tax Year: 2025
Spec Assessment & Ty: N/A
Zoning: Res-Improved

Remarks Misc

Directions: From Michigan, North to address

Status Change Info

Under Contract Date: 2026-09-07

More Information

Access Feat

Accessibility Features: No

Unit 1

Unit Description: Upper
SqFt: 1139
Occupied: Yes
Monthly Rent: 1525
Bathrooms: Yes
Full Baths: Yes

Unit 2

Unit Description: Lower
SqFt: 1211
Occupied: No
Monthly Rent: 1650
Bathrooms: Yes
Full Baths: Yes

Property Features

Exterior Material: Other Roofing: Composition Substructure: Full; Michigan Basement Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected; Natural Gas Connected Util Avail at Street: Electricity Available; Natural Gas Available; Public Sewer; Public Water Extras: Garages Owner Pays: None Tenant Pays: Electric; Gas; Sewer; Trash; Water Heat Source: Natural Gas Heat Type: Forced Air Driveway: Gravel Street Type: Paved; Public Mineral Rights: Unknown Terms Available: Assumable; Cash; Conventional; FHA; VA Loan Possession: Close Of Escrow; Subject To Tenant Rights Sale Conditions: None Unit 1: Range Oven; Refrigerator Unit 2: Range/Oven; Refrigerator

Listing Office: Keller Williams Harbortown

Listing Agent: Christopher J Timmer

Last Updated: September - 07 - 2026

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