1 month on rocket

852 3rd St NW, Grand Rapids, MI, 49504

$259,000

Home List Price

$3,076*

Closing Credit

0 Baths
Multi

Location

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852 3rd St NW, Grand Rapids$259,000

Buyer Closing Credits

$3,076*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
ParkingNone
Year Built1896
HeatingForced Air, Natural Gas
BasementYes
MLS #65024055932
Lot Size0.06 Acres
StatusActive

About 852 3rd St NW

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.

Med. Sold Price

$310K

Med. Price/SqFt

$185

Avg. Days On Market

22

# of Sold Homes

277

852 3rd St NW vs Grand Rapids

41 DAYS ON ROCKET

+19 Days

$259,000

-$51K Less

KEY TAKEAWAY

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

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: 12/4/2024, 1:20:57 PM 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 23, 2020Home Sold
$138,000
Aug 15, 2019Home Sold
$110,000
Mar 13, 2018Home Sold
$97,000
Mar 28, 2013Home Sold
$32,000
Aug 13, 2001Home Sold
$42,000
Aug 13, 2001Home Sold
$59,900

Tax History

YEARPROP. TAXASSESSMENT
2021$2,353$63,700
2020$2,353$56,300
2019$1,297$44,100
2018$1,304$36,200
2017$1,242$33,800

History based on county public records data.

Payment Calculator

$1,360

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$843

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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-62061
4
/10
  • Stocking Elementary School

  • 863 7th St NW

  • 0.32 miles

  • Public District Grades PK-5

school-card-donut-62062
4
/10
  • Sibley School

  • 943 Sibley St NW

  • 0.44 miles

  • Public District Grades PK-5

school-card-donut-62063
3
/10
  • Coit Creative Arts Academy

  • 617 Coit Ave NE

  • 1.26 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

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.

All data provided by Home Junction and Claritas


Rocket Homes›Michigan›Kent County›Grand Rapids›49504›852 3rd St NW

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.

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