- For Sale $3,899,000
- Property Type Multi-Family
- Property Size 26,236 SF
- Units 42
- Lot Size 2.07 Acre
- Year Built 1975
- Date Updated May 13, 2026
Description
Located in the rapidly growing Grand Rapids market, Oak Park Apts offers long-term growth potential. Grand Rapids has seen strong rent growth and sustained demand driven by a diversified economy anchored by healthcare, advanced manufacturing, and higher education. As the second-largest city in Michigan, Grand Rapids has attracted significant investment in its downtown core and surrounding neighborhoods, fueling population growth and a thriving job market supported by major employers like Spectrum Health, Steelcase, and Amway. The city's nationally recognized food, arts, and craft beer scene — highlighted by events like ArtPrize — continues to draw young professionals and families, keeping vacancy rates low and reinforcing upward pressure on rents. With a cost of living well below the national average and a landlord-friendly regulatory environment, Grand Rapids represents a compelling market for investors seeking stable cash flow and long-term appreciation.MOXIE is pleased to exclusively offer Oak Park Apartments for sale, a 42-unit apartment building. Oak Park offers a strong value add opportunity. There are many apartment complexes on Oak Park Dr already renovated, proving out the value add strategy.
Current rents remain below market, providing significant upside potential for new ownership. The property has demonstrated strong historical performance and is currently 94% occupied. Oak Park Aprs presents a well-located, stable investment opportunity in the growing Grand Rapids market, ideal for an investor seeking value-add potential and long-term growth. To learn more or arrange a confidential tour, contact
Highlights
- Below Market Rents
- Strong Rental Market
- Value Add Opportunity
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Contacts
Shawn Jacobs
MX Multifamily
Location
Located at 4130 Oak Park Dr SE, Grand Rapids, MI 49508, this property is part of the Millbrook neighborhood and Grand Rapids market.
Contact Listing Broker
Shawn Jacobs
MX Multifamily