$319,000
Grand Rapids, MI 49504
MLS# 26031290
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Property Description
Rare investment opportunity featuring two homes on one lot currently rented for $2,600+ but with room to boost rents. The front house is 4 beds and 2 baths with great long term tenant paying $1,300 and solid mechanicals. The back house is 3 bed 1 bath with tenants in place paying $1,320. Market rents around $1,800 for front house and $1,600 for back house for a total of $3,400. This property on the booming West Side is a great addition to any investor's portfolio with proven rental history and multiple income streams. Whether you're a seasoned investor or looking to start building wealth through real estate, this income-producing property offers excellent upside and long-term value.
Details
Maps
Documents
Location & Property Info
Unit #: 625
Cross Streets: 3RD ST NW
Property Sub-Type: 2 to 4 Units
Municipality: City of Grand Rapids
Ownership Type: Private Owned
Office/Contract Info
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: 37.5*122.55*37.5*122.65
Financial Available: Yes
Road Frontage: 37
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2028-07-23
Waterfront: No
Basement: Yes
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: 2
Total Parking Spaces: 2
School District: Grand Rapids
Lot Measurement: Acres
Lot Square Footage: 4598
Lot Acres: 0.11
Year Built: 1905
Tax Info
Taxable Value: 174100
SEV: 174100
For Tax Year: 2025
Seller's Annual Property Tax: 8990
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: Unknown
Zoning: R-2
Tax ID #: 41-13-23-413-014
Remarks & Misc
Public Remarks: Rare investment opportunity featuring two homes on one lot currently rented for $2,600+ but with room to boost rents. The front house is 4 beds and 2 baths with great long term tenant paying $1,300 and solid mechanicals. The back house is 3 bed 1 bath with tenants in place paying $1,320. Market rents around $1,800 for front house and $1,600 for back house for a total of $3,400. This property on the booming West Side is a great addition to any investor's portfolio with proven rental history and multiple income streams. Whether you're a seasoned investor or looking to start building wealth through real estate, this income-producing property offers excellent upside and long-term value.
Legal: LOT 402* PANFIL S ASSESSOR S PLAT NO. 22* OF PART OF THE W 1/2 OF THE SE 1/4 OF SECTION 23 T 7 N R 12 W
Lot Description
Wooded: 1
Street Type
Paved: 1
Util Avail at Street
Cable Available: 1
Electricity Available: 1
High Speed Internet: 1
Natural Gas Available: 1
Phone Available: 1
Public Sewer: 1
Public Water: 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Other: 1
Mineral Rights
Unknown: 1
Laundry Features
Electric Dryer Hookup: 1
Gas Dryer Hookup: 1
In Unit: 1
Washer Hookup: 1
Exterior Material
Vinyl Siding: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Driveway
Concrete: 1
Paved: 1
Shared Paved: 1
Substructure
Michigan Basement: 1
Extras
Garages: 1
Owner Pays
Trash Collection: 1
Water: 1
Unit 1
Unit #: 623
Unit Description: Front Unit
SqFt: 1835
Occupied: Yes
Monthly Rent: 1300
Bedrooms: 4
Bathrooms: 2
Full Baths: 2
Range Oven: 1
Refrigerator: 1
Washer/Dryer: 1
Unit 2
Unit #: 625
Unit Description: Back Unit
SqFt: 1316
Occupied: Yes
Monthly Rent: 1320
Bedrooms: 3
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Washer/Dryer: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Kent
Street #: 623
Street Name: Lane
Suffix: Avenue
Post Direction: NW
State: MI
Zip Code: 49504
Zip (4): 5018
OfficeContract Info
Status: Active
Current Price: $319,000
List Price: $319,000
Listing Date: 2026-06-23
Property Features
Laundry Features: Electric Dryer Hookup; Gas Dryer Hookup; In Unit; Washer Hookup
Exterior Material: Vinyl Siding
Substructure: Michigan Basement
Lot Description: Wooded
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at Street: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available; Public Sewer; Public Water
Extras: Garages
Owner Pays: Trash Collection; Water
Tenant Pays: Electric; Gas
Heat Source: Natural Gas
Heat Type: Forced Air
Driveway: Concrete; Paved; Shared Paved
Street Type: Paved
Mineral Rights: Unknown
Terms Available: Cash; Other
Possession: Close Of Escrow
Sale Conditions: None
Unit 1: Range Oven; Refrigerator; Washer/Dryer
Unit 2: Range/Oven; Refrigerator; Washer/Dryer
LBP 
Listing Office: ReSIDE Grand Rapids
Listing Agent: Connor Anderson
Last Updated: June - 23 - 2026
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