1 month on rocket

1615 Lyon St NE, Grand Rapids, MI, 49503

$354,500

Home List Price

$4,210*

Closing Credit

0 Baths
Multi

Location

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1615 Lyon St NE, Grand Rapids$354,500

Buyer Closing Credits

$4,210*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingGarage, Paved
Year Built1920
HeatingHot Water, Natural Gas
CoolingWall Unit(s)
BasementYes
MLS #71024059476
Lot Size0.36 Acres
StatusActive

About 1615 Lyon St NE

Located in the highly sought-after Fulton Heights neighborhood of Grand Rapids, this duplex presents an exceptional investment opportunity in one of Michigan's most vibrant and rapidly growing cities. Offering the potential for steady rental income, this property is perfectly positioned in an area renowned for its dynamic economy, strong rental demand, and thriving real estate market.Set on a double-sized lot, the property includes a generous 2-stall garage, currently utilized by tenants for additional storage, adding value and convenience for the renters. Both units are fully leased through July 2025, providing an immediate, reliable income stream for the new owner. Plus, the City of Grand Rapids rental certificate is valid through May 2028.Recent upgrades to the property, completed within the past year, enhance its overall appeal and functionality. With ample parking and a desirable location just minutes from downtown Grand Rapids, this duplex is an ideal addition to any investor's portfolio. Whether you're looking to expand your rental holdings or enter the Grand Rapids market, this property offers long-term growth potential and a prime opportunity in a neighborhood that continues to attract attention. Don't miss your chance to secure this incredible investment. Schedule your showing today!

Property Details

Property Features

Property Information:

  • Year Built: 1920

Listing Office:

  • Office Name: Five Star Real Estate Lakeshore LLC
  • Office Phone: (616) 355-3737
  • Listing Agent: Dawn Van Kampen

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: Garage, Paved

Virtual/3D Tour

  • Virtual Tour: 1615 Lyon St NE
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Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.36 Acres

Utilities

Utilities Information:

  • Heating: Hot Water, Natural Gas
  • Cooling: Wall Unit(s)

Other

Directions Information:

  • Directions: From I-196, take the Fuller exit, right on Fuller, left on Michigan, right on Alten, left on Lyon to address.

Price Information

Listing Price Info

Price Summary:

  • List Price: $354,500

Tax Information:

  • Annual Amount: $2,383
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Grand Rapids, MI.

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Grand Rapids, MI

City

Med. Sold Price

$310K

Med. Price/SqFt

$185

Avg. Days On Market

22

# of Sold Homes

277

1615 Lyon St NE vs Grand Rapids

33 DAYS ON ROCKET

+11 Days

$354,500

+$44.4K More

KEY TAKEAWAY

This property is $44.4K more than the Median Sold Price in Grand Rapids, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: West Michigan Lakeshore Association of REALTORS
  • MLS Number: #71024059476

Listing Office:

  • Office Name: Five Star Real Estate Lakeshore LLC
  • Office Phone: (616) 355-3737
  • Listing Agent: Dawn Van Kampen

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 11:21:13 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 24, 2020Home Sold
$139,000
Dec 17, 2019Home Sold
$125,000

Tax History

YEARPROP. TAXASSESSMENT
2021$2,383$111,500
2020$2,383$129,900
2019$2,240$112,900
2018$2,268$101,500
2017$2,109$97,300

History based on county public records data.

Payment Calculator

$1,837

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,129

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4500576
3
/10

  • William C Abney Academy Elementary School

  • 1435 Fulton St E

  • 0.36 miles

  • Public Charter Grades KG-6

school-card-donut-4500577
6
/10

  • Congress Elementary School

  • 940 Baldwin St SE

  • 0.91 miles

  • Public District Grades PK-5

school-card-donut-4500578
8
/10

  • Wealthy School

  • 1961 Lake Dr SE

  • 1.20 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $60,541. The majority of Grand Rapids, MI residents have income between $35k-100k annually. Most families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Kent County›Grand Rapids›49503›1615 Lyon St NE

This home is located at 1615 Lyon St NE in Grand Rapids, MI and zip code 49503 in the Fulton Heights neighborhood. This home, which was built in 1920, sits on a 0.36 acre lot. It has been listed on Rocket Homes since November 14, 2024 and is currently priced at $354,500.

In November 2024, from all listings sold in Grand Rapids, MI there were more than 93 sold above asking price, over 122 sold below and more than 62 were sold right at the asked price. Between October 2024 and November 2024, Grand Rapids, MI real estate market has seen decrease in the number of listings by 10.4%. In November 2024, listings were on the market for 22 days. During the same period, the median list price in this real estate market was $310,027.

From Rocket Homes Real Estate and based on county public records data.

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