411 Maple Street, Big Rapids, MI 49307
Mecosta County
Key Facts
Description
Fully occupied 6-unit multifamily investment opportunity in Big Rapids near Ferris State University. Unit mix includes five 2 bed/1 bath apartments and one 4 bed/1 bath unit totaling approximately 5,500 sq ft. Tenants pay gas and electric. Each unit has a separate water meter, creating immediate opportunity to bill back water and increase NOI. Coin-op laundry generates approximately $300/month in additional income. Three of six furnaces are newer (under 2 years old), reducing near-term capital expenses. Area 2-bedroom rents are trending closer to $1,050/month, leaving upside through unit turns and light cosmetic updates, particularly Unit 5. Onsite parking for approximately 8 vehicles. Strong rental demand driven by Ferris State and the surrounding employment base makes this a stable cash flow and value-add opportunity.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1900
Lot Size
0.21 acres
Lot Dimensions
60x132.50
Parking Spaces
8
Days on Market
36
MLS® Listing#
26020346
Property Features
Cooling
Heating
Parking
Laundry
Lot Features
Construction
Roof
Utilities
Sewer
Water Source
Schools
- District:
- Big Rapids
Financial Details
Annual Taxes
$5,689
Tax year 2025
Assessed Value
$101,976
Parcel Number
5417-11-385-009
Affordability Calculator
$93,980
Estimated monthly payment
$2,501/mo
Principal $375,920 · Est. interest $524,442 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Big Rapids, MI
- $344,534
- Median Listing Price
- 39
- Median Days on Market
- 1,669
- Median Sq Ft
- $206
- Median Price / Sq Ft
- 1,113
- Active Listings
- This home’s price is 36% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Big Rapids, MI.
Location
Points of Interest in Big Rapids, MI
Showing the Big Rapids area map.
Nearby Schools
Big Rapids Middle School
Secondary · 0.2 mi away
Mecosta Osceola Isd
School · 0.2 mi away
Eastwood Early Childhood Center
School · 0.4 mi away
Easton School
School · 0.4 mi away
Crossroads Charter Academy
School · 0.5 mi away
Granger Center
School · 0.5 mi away
Riverview Elementary School
Elementary · 0.5 mi away
Brookside Elementary School
Elementary · 0.7 mi away
St Mary Catholic School
School · 0.8 mi away
Moisd Transition Room
School · 0.9 mi away
Mecosta-Osceola Intermediate School District
Secondary · 0.9 mi away
Mecosta-Osceola Intermediate School District
School · 0.9 mi away
Mecosta Osceola Intermediate
School · 1.0 mi away
Big Rapids Virtual School
School · 1.8 mi away
Big Rapids Public Schools
School · 1.9 mi away
Big Rapids High School
Secondary · 1.9 mi away
Morley Stanwood Elementary School
Elementary · 11.3 mi away
Morley Stanwood Community School
Secondary · 11.4 mi away
Big Jackson Public School
Elementary · 11.5 mi away
Reed City Middle School
Secondary · 11.7 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 23 Burton Street SW, Grand Rapids, MI | $329,500 | — | — | — |
| 23 Burton Street SW, Grand Rapids City, MI | $329,500 | 12 | — | 3,292 |
| 2911 5 Mile Road NE, Grand Rapids, MI | $329,900 | 4 | 2 | 2,210 |
| 450 Burton Street SE, Grand Rapids, MI | $329,900 | 3 | 2 | 1,632 |
| 1335 Union Avenue NE, Grand Rapids City, MI | $329,900 | 3 | 1 | 1,525 |
| 1335 Union Avenue NE, Grand Rapids, MI | $329,900 | 3 | 1 | 1,525 |
Moving Cost Estimate
EXIT Agents in Big Rapids
Listing Courtesy: EXP Realty LLC - 2696004397
Presented by: Alexia Hoffman