Property details
About 1525 Bacon Ave
MOXIE Real Estate + Development is pleased to exclusively offer Lakewood Apartments for sale. This well-maintained property boasts an attractive unit mix with the majority of units already renovated, offering a blend of stability and potential for continued growth. With substantial capital improvements, the property is primed for long-term success. Key features include: renovated Units, additional revenue stream by implementing RUBS/utility bill back program and renting storage the lockers. Rents are well below market. With almost 10 acers, there is a future development opportunity, with a possibility of incentives for future expansion. Lakewood Apartments represents a solid investment opportunity with significant upside potential. For more information, please contact MOXIE.
Highlights
Summary
- Basement: No
- Heating: Hot Water, Radiant
- List Price: $4,650,000
- Annual Tax Amount: $47,100
- Tax Year: 2024
- Directions: US 131 to D Ave, head South to Bacon Ave and West to Lakewood Apartments
- Year Built: 1978
- Lot Size: 9.84 Acres
- MLS Number: 25012313
- Office Name: MOXIE Real Estate + Development
- Office Phone: (616) 890-7794
- Listing Agent: Daniel Kolp, Shawn Jacobs
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2025 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/23/2025, 7:40:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Nov 10, 2017 | Home Sold | $1,925,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,124,600 | $47,100 |
| 2023 | $1,033,200 | $47,100 |
| 2022 | $1,033,200 | $47,100 |
| 2021 | $1,035,900 | $47,100 |
| 2020 | $890,700 | $47,100 |
| 2019 | $767,900 | $36,340 |
| 2018 | $752,600 | $- |
| 2017 | $728,800 | $- |
History based on county public records data.
Nearby schools
7
Lake Center Elementary School
Public District PK-5
0.3 mi
•10011 Portage Rd
6
Central Elementary School
Public District PK-5
1.8 mi
•8422 S Westnedge Ave
6
Tobey Elementary School
Public District KG-5
3.1 mi
•8551 Long Lake Dr E
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $81,080. The majority of Portage, MI residents have income between $35k-100k annually. Typical family type is married, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Soccer
PGA/LPGA
NASCAR
Where do the neighbors shop?
Old Navy
Stein Mart
Dick's Sporting Goods
Where do the neighbors go to eat?
Jimmy Johns
Bob Evans
Arbys
What do the neighbors drive?
GMC
Lincoln
Lexus
What do the neighbors listen to?
New Country
News/Talk/Information
Adult Hits
Frequently asked questions
About 1525 Bacon Ave
The listing price of 1525 Bacon Ave property is $4,650,000.
The property 1525 Bacon Ave is a multi located in Portage, Michigan, 49002.
Active Listing: 1525 Bacon Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1525 Bacon Ave are: Lake Center Elementary School (GreatSchools Rating 7/10), Central Elementary School (GreatSchools Rating 6/10), Tobey Elementary School (GreatSchools Rating 6/10), Portage Central Middle School (GreatSchools Rating 9/10), Portage West Middle School (GreatSchools Rating 9/10), Oakland Academy (GreatSchools Rating 6/10), Portage Central High School (GreatSchools Rating 9/10), Portage Community High School (GreatSchools Rating 1/10), Vicksburg Pathways High School (GreatSchools Rating 4/10).
According to the records, the last property tax for 2024 is $47,100 (source: MLS/based on county public records data).
The last sale was on November 10, 2017 for $1,925,000 (source: MLS/tax record).
The year of construction for 1525 Bacon Ave is 1978.
This home is located at 1525 Bacon Ave in Portage, MI and zip code 49002. Features: 0 bathroom. It has been listed on Rocket Homes since March 28, 2025 and is currently priced at $4,650,000.
While more than 16 listings in Portage, MI in June 2025 were sold above asking price, there were more than 15 listings sold at asking price, and more than 21 were sold below. Between May and June 2025, Portage, MI real estate market has seen increase in the number of listings by 24.2%. While the average time on the market in June 2025 was 11 days, the median list price was $286,900.