$385,000
Grand Rapids, MI 49507
MLS# 25058148
Status: Sold

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Property Description
Solid investment opportunity in the heart of Grand Rapids. This 3-unit property features a spacious main-floor 2-bedroom with 1920s character, two 1-bedroom upper units, and a non-conforming studio in the basement with a full bath. Recent updates include new high-efficiency A/C units, fresh interior paint, new toilets in all units, plumbing improvements, and a remodeled front porch with lighting, outlets, and refinished flooring. The basement also offers a new water heater, laundry, and additional storage. Exterior improvements include Ring security cameras, a new back entrance door, and a 2-3 car concrete parking pad. Two of the three main units are vacant, while the seller occupies the main floor and will vacate prior to closing—ideal setup for house-hacking or repositioning for market-rate rents. Conveniently located near downtown, public transit, and neighborhood amenities.
Details
Maps
Documents
Location Property Info
County: Kent
Street #: 1053
Street Name: Martin Luther King Jr
Suffix: Street
Post Direction: SE
State: MI
Zip Code: 49507
Zip (4): 1386
Area: Grand Rapids - G
OfficeContract Info
Status: Sold
Current Price: $385,000
List Price: $379,900
Listing Date: 2025-11-13
General Property Info
Lot Measurement: Acres
Lot Square Footage: 5401
Lot Acres: 0.12
Lot Dimensions: 40 x 135
Year Built: 1922
New Construction: No
Financial Available: Yes
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2026-04-06
Road Frontage: 40
Total # Units: 3
# of Diff Unit Floor Plans: 3
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 2518
Total Parking Spaces: 3
Waterfront: No
School District: Grand Rapids
Tax Info
Tax ID #: 41-14-32-183-029
Taxable Value: 129700
SEV: 129700
For Tax Year: 2024
Seller's Annual Property Tax: 6214.02
Tax Year: 2024
Homestead %: 33.3
Spec Assessment & Ty: None Known
Zoning: RES
Status Change Info
Under Contract Date: 2025-11-14
Sold Date: 2026-01-05
Sold Price: $385,000
Sold Price/SqFt: 152.9
Access Feat
Accessibility Features: No
Unit 1
Unit Description: Main
SqFt: 122
Occupied: Yes
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 2
Unit Description: 2
SqFt: 441
Occupied: No
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 3
Unit Description: 3
SqFt: 447
Occupied: No
Bedrooms: 1
Bathrooms: 2
Full Baths: 2
Property Features
Exterior Material: Vinyl Siding
Substructure: Full
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected
Util Avail at Street: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Public Sewer; Public Water
Owner Pays: Electricity; Gas; Sewer; Trash Collection; Water
Tenant Pays: None
Heat Source: Natural Gas
Heat Type: Hot Water
Driveway: Concrete
Street Type: Public
Terms Available: Cash; Conventional; FHA; MSHDA; VA Loan
Possession: Close Plus 30 Days
Sale Conditions: None
Listing Office: Smallegan Real Estate
Listing Agent: James Hocking
Last Updated: January - 06 - 2026
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