549 LOGAN ST SE GRAND RAPIDS MI 49503-5457
100% leased, Located in the Heritage Hill neighborhood near the East Hills district
Marketing description
Opportunity to acquire a well-located 5-unit multifamily property at 549 Logan St SE in Grand Rapids, positioned within the highly sought-after Heritage Hill Historic District. The property is fully occupied, offering immediate, stable cash flow in one of the city’s most desirable and supply-constrained rental submarkets.
This historic asset benefits from strong in-place occupancy and consistent tenant demand driven by its proximity to downtown, major employment centers, and neighborhood amenities. The surrounding area is known for its walkability, historic charm, and access to dining, retail, and entertainment, making it a top choice for renters.
549 Logan presents investors with a compelling blend of current income and future upside. With continued rent growth across the Grand Rapids market and limited multifamily inventory in Heritage Hill, there is clear potential to further optimize rents and improve operational efficiencies over time.
Investment highlights
100% Occupied, Stabilized Asset – Immediate in-place cash flow with no vacancy risk at acquisition
Strong Unit Mix – Two (2) 2BR/1BA and two (2) 1BR/1BA units appealing to a wide tenant base
Prime Heritage Hill Location – Situated in the highly desirable Heritage Hill Historic District near downtown amenities, employment, and transit
Proven Rental Demand – Consistent occupancy supported by proximity to major employers and urban core growth.
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