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.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!
Property Details
Property Features
Property Information:
Year Built: 1896
Listing Office:
Office Name: Weichert REALTORS Plat (Main)
Office Phone: (616) 301-2550
Listing Agent: C. Scott Hunt
Interior Features
Interior Information:
Basement: Yes
Exterior Features
Parking Information:
Parking: None
Lot Features
Lot Information:
Lot Size: 0.06 Acres
Utilities
Utilities Information:
Heating: Forced Air, Natural Gas
Other
Directions Information:
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.
Price Information
Listing Price Info
Price Summary:
List Price: $259,000
Tax Information:
Annual Amount: $2,353
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Grand Rapids, MI.
This property is $51K less than the Median Sold Price in Grand Rapids, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Greater Regional Alliance of REALTORS
MLS Number: #65024055932
Listing Office:
Office Name: Weichert REALTORS Plat (Main)
Office Phone: (616) 301-2550
Listing Agent: C. Scott Hunt
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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.
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Nearby Schools
4
/10
Stocking Elementary School
863 7th St NW
Distance between this listing and this school0.32 miles
Public District Grades PK-5
4
/10
Sibley School
943 Sibley St NW
Distance between this listing and this school0.44 miles
Public District Grades PK-5
3
/10
Coit Creative Arts Academy
617 Coit Ave NE
Distance between this listing and this school1.26 miles
Public District Grades PK-5
Nearby Schools
3
/10
Grand Rapids Public Museum Middle School
272 Pearl St NW
Distance between this listing and this school0.87 miles
Public District Grades 6-8
4
/10
Westwood Middle School
1525 Mount Mercy Dr NW
Distance between this listing and this school0.88 miles
Public District Grades 6-8
5
/10
John Ball Park Zoo School
1300 Fulton St W
Distance between this listing and this school1.05 miles
Public District Grades 6-6
Nearby Schools
2
/10
Nextech High School
801 Broadway Ave NW
Distance between this listing and this school0.55 miles
Public Charter Grades 9-12
4
/10
Union High School
1800 Tremont Blvd NW
Distance between this listing and this school1.07 miles
Public District Grades 9-12
4
/10
Newcomers Community School
1800 Tremont Blvd NW
Distance between this listing and this school1.07 miles
The neighbors living near this home have an average income of $28,814. The most common annual income of people living in Grand Rapids, MI is less than $35k. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.
This home is located at 852 3rd St NW in Grand Rapids, MI and zip code 49504 in the West Grand neighborhood. This home, which was built in 1896, sits on a 0.06 acre lot. It has been listed on Rocket Homes since October 24, 2024 and is currently priced at $259,000.
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. The inventory of homes for sale in Grand Rapids, MI between October 2024 and November 2024 decreased by 10.4%. While the average time on the market in November 2024 was 22 days, the median list price was $310,027.
From Rocket Homes Real Estate and based on county public records data.