515 E Grove St
Midland, MI 48640
- 5 Beds
- 4 Baths
- 2,796 sqft (on 0.30 acres)
5 Beds
4 Baths
2,796 sqft
(on 0.30 acres)
Local Information
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Description
Average monthly revenue of $4,035. Welcome to your next investment venture! This meticulously maintained four-unit property is a golden opportunity for savvy investors. With all units currently occupied, you'll enjoy immediate returns on your investment. Inside, three out of the four units have been tastefully updated with new flooring, fresh paint, and modernized bathrooms. With new lighting fixtures throughout, these units shine with contemporary charm, attracting quality tenants and maximizing rental income. Step outside and admire the newer installed roof, ensuring durability and peace of mind for years to come. The front porch, crafted from low-maintenance Trex material, adds to the property's curb appeal while reducing maintenance hassles. Plus, the freshly painted exterior gives the building a crisp, inviting look that tenants and locals alike will appreciate. The upgrades don't stop there! A brand-new storage shed provides convenient storage space, while a new boiler and oversized hot water tank ensure efficient operation and lower utility costs. There's more! This property offers additional income potential with a shared basement featuring coin laundry facilities. That's right, sit back and watch as the coin-operated machines generate steady income month after month. Located in a desirable area, this property promises steady rental income and long-term appreciation. Don't miss out on this lucrative investment opportunity – schedule your viewing today!
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from May 29, 2024
Home Highlights
Parking
No Info
Outdoor
Porch
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
180+ days ago
Home Details for 515 E Grove St
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Interior Details Basement: Block,Common,Full |
Beds & Baths Number of Bedrooms: 5Number of Bathrooms: 4Number of Bathrooms (full): 4 |
Dimensions and Layout Living Area: 2796 Square Feet |
Appliances & Utilities Appliances: Range/Oven, Refrigerator, Gas Water HeaterLaundry: Lower LevelRefrigerator |
Heating & Cooling Heating: BoilerHas HeatingHeating Fuel: Boiler |
Fireplace & Spa No Fireplace |
Gas & Electric Gas: Natural Gas |
Levels, Entrance, & Accessibility Levels: More than 2 Stories |
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Exterior Home Features Patio / Porch: PorchOther Structures: Shed(s)Exterior: Sidewalks, Street LightsFoundation: Basement |
Parking & Garage No GarageParking: 3 or More Spaces |
Frontage Road Frontage: City/CountyNot on Waterfront |
Water & Sewer Sewer: Public Sanitary |
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Cumulative Days on Market: 5 |
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Year Built Year Built: 1890 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family, 1 to 4 Units |
Property Information Parcel Number: 141650034 |
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Price List Price: $325,000Price Range: $312,000 - $325,000 |
Status Change & Dates Off Market Date: Wed May 08 2024 |
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MLS Status: Closed |
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Direction & Address City: MidlandCommunity: Carpenter's Addition to The City of Midland |
School Information Elementary School District: Midland Public SchoolsJr High / Middle School District: Midland Public SchoolsHigh School District: Midland Public Schools |
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Building Area Building Area: 2796 Square Feet |
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Community Features: Laundry Facility |
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Lot Area: 0.30 acres |
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Listing Terms: Cash, Conventional |
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Business Information Ownership: LLC |
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BasementMls Number: 50140991 |
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Laundry Facility |
Last check for updates: about 3 hours ago
Listed by Bryan Gardner
Ayre Rhinehart Real Estate Partners
Bought with: Denise Vinson, Century 21 Signature Realty Midland
Source: MIDMLS, MLS#50140991

Price History for 515 E Grove St
| Date | Price | Event | Source |
|---|---|---|---|
| 05/29/2024 | $312,000 | Sold | MIDMLS #50140991 |
| 05/08/2024 | $325,000 | Pending | MIDMLS #50140991 |
| 05/03/2024 | $325,000 | Listed For Sale | MIDMLS #50140991 |
| 08/30/2019 | $159,000 | Sold | N/A |
Market trends in Midland
Last updated April 2026
Avg. sale price
$208K $3.75KMoM
Sale-to-List Price
98.7% 0.2%MoM
Price per sq ft
$151 $1MoM
Available listings
157 18MoM
Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $4,638 |
| Assessment | $230,800 |
Home facts updated by county records
Comparable Sales for 515 E Grove St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.20 | Multi-Family Home | $350,000 | 02/11/26 | 4 | 4 | 9,999 | |
0.69 | Multi-Family Home | $250,000 | 12/12/25 | 4 | 4 | 1,920 | |
0.32 | Multi-Family Home | $180,000 | 04/17/26 | 2 | 2 | 1,350 | |
1.34 | Multi-Family Home | $277,500 | 12/18/25 | 6 | 4 | 2,816 | |
1.26 | Multi-Family Home | $199,000 | 09/04/25 | 4 | 2 | 1,534 | |
1.38 | Multi-Family Home | $199,000 | 09/04/25 | 4 | 2 | 1,534 | |
1.62 | Multi-Family Home | $122,500 | 05/15/26 | 3 | 1 | 2,379 | |
2.00 | Multi-Family Home | $285,000 | 12/02/25 | 4 | 4 | 1,920 | |
2.00 | Multi-Family Home | $285,000 | 12/02/25 | 4 | 4 | 1,920 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 515 E Grove St.
What Locals Say about Midland
At least 317 Trulia users voted on each feature.
92 % Say car is needed
88 % Say parking is easy
88 % Say it's dog friendly
80 % Say people would walk alone at night
80 % Say yards are well-kept
78 % Say kids play outside
74 % Say there's holiday spirit
73 % Say there are sidewalks
67 % Say it's quiet
61 % Say there's wildlife
59 % Say streets are well-lit
57 % Say neighbors are friendly
45 % Say they plan to stay for at least 5 years
33 % Say it's walkable to restaurants
29 % Say it's walkable to grocery stores
25 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
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Homes for sale near 515 E Grove St
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Homes for rent near 515 E Grove St
515 E Grove St, Midland, MI 48640 is a 5 bedroom, 4 bathroom, 2,796 sqft multi-family built in 1890. This property is not currently available for sale. 515 E Grove St was last sold on May 29, 2024 for $312,000 (4% lower than the asking price of $325,000). The current Trulia Estimate for 515 E Grove St is $334,300.