$253,000
Grand Rapids, MI 49504
MLS# 24055932
Status: Sold
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Property Description
Discover this fantastic 2-unit multifamily property on the desirable northwest side of Grand Rapids! Just a short stroll from the vibrant Bridge Street scene, you'll find an array of restaurants, breweries, and the Bridge Street Market grocery store, making this location a perfect blend of convenience and urban living. This well-maintained property features two leased units, offering immediate income potential. The lower unit boasts a spacious 3-bedroom, 1-bath layout, currently leased for $1,700 per month. Recently renovated, it features a modern updated kitchen and updated bathroom with new tub, toilet and vanity. Fresh paint, and new flooring throughout providing a stylish and comfortable living space. The upper unit, a cozy 1-bedroom, 1-bath, is leased for $1,150 per month.
Details
Maps
Location Property Info
County: Kent
Street #: 852
Street Name: 3rd
Suffix: Street
Post Direction: NW
State: MI
Zip Code: 49504
Area: Grand Rapids - G
OfficeContract Info
Status: Sold
Current Price: $253,000
List Price: $259,000
Listing Date: 2024-10-24
General Property Info
Lot Measurement: Acres
Lot Square Footage: 2544
Lot Acres: 0.06
Lot Dimensions: 32 x 79.5
Year Built: 1896
New Construction: No
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2027-10-01
Road Frontage: 32
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Waterfront: No
School District: Grand Rapids
Tax Info
Tax ID #: 41-13-23-477-009
Taxable Value: 95100
SEV: 95100
For Tax Year: 2023
Seller's Annual Property Tax: 3596
Tax Year: 2023
Spec Assessment & Ty: none
Zoning: residential
Remarks Misc
Directions: From HWY 196, get off at the Lane Ave exit. Turn north on Lane Ave. Turn right on 3rd St NW. Home is on the right.
Status Change Info
Under Contract Date: 2024-10-29
Sold Date: 2024-12-23
Sold Price: $253,000
Waterfront Options
Water Access Y/N: No
Access Feat
Accessibility Features: No
Unit 1
Unit #: 1
Unit Description: Lower
SqFt: 1076
Occupied: Yes
Monthly Rent: 1700
Bedrooms: 3
Bathrooms: 1
Full Baths: 1
Unit 2
Unit #: 2
Unit Description: Upper
SqFt: 680
Occupied: Yes
Monthly Rent: 1150
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Property Features
Laundry Features: Common Area; In Basement
Exterior Material: Aluminum Siding
Roofing: Composition
Substructure: Michigan Basement
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at Street: Cable Available; High Speed Internet
Owner Pays: Electricity; Gas; Sewer; Trash Collection; Water
Tenant Pays: None
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: None
Driveway: None
Street Type: Paved; Public
Mineral Rights: No
Terms Available: Cash; Conventional
Possession: Close Of Escrow
Sale Conditions: None
Unit 1: Dishwasher; Garb Disp; Range Oven; Refrigerator; Sep. Heat System
Unit 2: Range/Oven; Refrigerator; Sep. Heat System
Supplements
Each unit has separate utility meters and furnaces, ensuring easy management for the owner.
Located close to Grand Valley State University's downtown campus and conveniently near a bus line to the Allendale campus, this property is ideal for students and young professionals alike. Whether you're an investor seeking a turnkey rental or looking to live in one unit while generating income from the other, this multifamily gem is a must-see. Don't miss your chance to own a piece of this thriving community!
Listing Office: Weichert REALTORS Plat (Main)
Listing Agent: C. Scott Hunt
Last Updated: January - 14 - 2026
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