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823 Benson Ave NE, Grand Rapids, MI, 49503

4beds
4baths
3,024sqft
$645,000
$213price/sqft
$4,432/moest. monthly cost
$177,280/yrincome needed

About This Home

Turnkey four unit investment opportunity in a convenient Northeast Grand Rapids location. This well maintained property features four spacious one bedroom, one bathroom units, each fully remodeled and in great shape. Every unit includes its own laundry, a rare amenity that keeps tenants happy and vacancies low. Plenty of off street parking adds to the appeal. Located minutes from the Medical Mile, downtown, and the shops and restaurants along Plainfield Ave, this property offers strong rental demand and easy management. A solid addition to any portfolio.

Getting Around

41
WalkingCar-Dependent
37
TransitSome Transit
28
BikeSomewhat Bikeable

Schools

8/10
9/10
City High Middle SchoolGrades 7-121.1 mi
4/10

Construction

Condition

  • Year built: 1979

Materials

  • Construction materials: Other

Type & Style

  • Home type: MultiFamily
  • Property subType: 2 to 4 Units

Interior

Appliances

  • Laundry features: In Unit

Basement

  • Basement: Slab

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4

Heating

  • Heating features: Forced Air

Interior Area

  • Total interior livable area: 3,024 sqft

Property

Details

  • Parcel number: 411419278015
  • Zoning description: RES-IMP

Lot

  • Lot size: 0.34 Acres
  • Features: Cul-De-Sac
  • Lot size dimensions: 190 x 134

Parking

  • Total spaces: 10

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Strong Wind

FEMA Declared Disasters in Kent County and Michigan

Flood
Severe Ice Storm
Severe Storm
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,261$39,132
Home Insurance *$278$3,336
Property Taxes $564$6,768
Electricity $329$3,958
Total$4,432$53,184
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$151,954/yr
40% on housing$132,960/yr
45% on housing$118,186/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.6%
9.6%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 3.1%
3.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$213This listing

vs Other Active Listings

Avg $/sqft

ZIP 49503$201
Kent County$197

vs Homes Sold Last Month

Median $/sqft

ZIP 49503$212
Kent County$201

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-08Listed for sale$645,000
2012-01-02Sold$77,300
2011-12-13Listed for sale$64,900
2010-08-03Listing removed$335,000
2010-07-25Listed for sale$335,000

For Sale by Agent

AgentRyan Ogle
BrokerageEXP Realty (Grand Rapids)

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