$225,000
Grand Rapids, MI 49504
MLS# 26029274
1 / 14
Property Description
Investment opportunity in the heart of Grand Rapids' Northwest side! This fully occupied up/down duplex at 1242 Alpine Ave NW offers immediate cash flow with two 1-bedroom, 1-bathroom units and separately metered utilities, helping minimize owner expenses. Tenants enjoy ample off-street parking, a sought-after feature in this high-demand rental corridor. Conveniently located near downtown Grand Rapids, major employers, shopping, restaurants, and public transportation, this property presents an excellent opportunity for investors seeking a stable addition to their portfolio. Whether you're expanding your holdings or entering the multifamily market, this turnkey duplex offers strong rental appeal and long-term upside in a proven rental location. Priced right for a quick sale! Looking for more? 1246 and 1236 Alpine are also available, creating an 8 unit pack opportunity. Inquire for more details.
Details
Location & Property Info
Cross Streets: Leonard and Alpine
Property Sub-Type: 2 to 4 Units
Municipality: City of Grand Rapids
Office/Contract Info
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: .15
Road Frontage: 49.33
Cert of Compliance: Yes
Waterfront: No
Basement: Yes
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Total Parking Spaces: 4
School District: Grand Rapids
Lot Measurement: Acres
Lot Square Footage: 6470
Lot Acres: 0.15
Year Built: 1880
Tax Info
Taxable Value: 41336
SEV: 99200
For Tax Year: 2026
Seller's Annual Property Tax: 2078.25
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: None known
Zoning: 401 Res Imp
Tax ID #: 41-13-13-356-010
Remarks & Misc
Public Remarks: Investment opportunity in the heart of Grand Rapids' Northwest side! This fully occupied up/down duplex at 1242 Alpine Ave NW offers immediate cash flow with two 1-bedroom, 1-bathroom units and separately metered utilities, helping minimize owner expenses. Tenants enjoy ample off-street parking, a sought-after feature in this high-demand rental corridor. Conveniently located near downtown Grand Rapids, major employers, shopping, restaurants, and public transportation, this property presents an excellent opportunity for investors seeking a stable addition to their portfolio. Whether you're expanding your holdings or entering the multifamily market, this turnkey duplex offers strong rental appeal and long-term upside in a proven rental location. Priced right for a quick sale!
Looking for more? 1246 and 1236 Alpine are also available, creating an 8 unit pack opportunity. Inquire for more details.
Legal: LOT 1181* PANFIL S ASSESSOR S PLAT NO 54* OF LOTS 1, 2, 4, 5, 20, 21, 22, 23 & 24 OF PATRICK TREGENT S ADDITION
Util Avail at Street
Electricity Available: 1
Natural Gas 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
Conventional: 1
Exterior Material
Aluminum 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
Substructure
Full: 1
Michigan Basement: 1
Owner Pays
Trash Collection: 1
Water: 1
Unit 1
Unit Description: Lower
SqFt: 721
Occupied: Yes
Monthly Rent: 875
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 2
Unit Description: Upper
SqFt: 721
Occupied: Yes
Monthly Rent: 925
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Possession
Close Of Escrow: 1
Subject To Tenant Rights: 1
Location Property Info
County: Kent
Street #: 1242
Street Name: Alpine
Suffix: Avenue
Post Direction: NW
State: MI
Zip Code: 49504
Zip (4): 3140
OfficeContract Info
Status: Active
Current Price: $225,000
List Price: $225,000
Listing Date: 2026-06-13
Property Features
Exterior Material: Aluminum Siding
Substructure: Full; Michigan Basement
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at Street: Electricity Available; Natural Gas Available; Public Sewer; Public Water
Owner Pays: Trash Collection; Water
Tenant Pays: Electric; Gas
Heat Source: Natural Gas
Heat Type: Forced Air
Terms Available: Cash; Conventional
Possession: Close Of Escrow; Subject To Tenant Rights
Sale Conditions: None
Listing Office: Edison Brokers & Co LLC
Listing Agent: Kyle P Naumann
Last Updated: June - 14 - 2026
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