$315,000
Grand Rapids, MI 49505
MLS# 26043692
1 / 53
Property Description
Unlock instant equity and strong cash flow at 1340 Plainfield Ave NE! Whether you are seeking a lucrative house-hack to live nearly rent-free or adding a high-performing asset to your portfolio, this versatile triplex delivers on all fronts. Newly Renovated & Vacant Units: Units 1 and 2 have been freshly updated from top to bottom. Intentionally left vacant for the sale, they are completely move-in ready for an owner-occupant or immediate market-rate tenant placement. Low Landlord Overhead: Split utilities put the power bills on the tenants, maximizing your net operating income. High-Demand Amenities: Features on-site laundry—a premier driver for tenant retention and premium rental rates in this corridor. Prime Location: Situated in the vibrant Creston neighborhood, tenants will love being minutes from local dining, parks, and quick access to Downtown Grand Rapids and major highways.
Details
Location & Property Info
Cross Streets: Plainfield
Property Sub-Type: 2 to 4 Units
Municipality: City of Grand Rapids
Ownership Type: Private Owned
Office/Contract Info
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: 57.43x107.75
Financial Available: No
Road Frontage: 57
Cert of Compliance: Yes
Waterfront: No
Basement: Yes
Total # Units: 3
# of Diff Unit Floor Plans: 3
Total # Bldgs: 1
Total Parking Spaces: 2
School District: Grand Rapids
Association YN: No
Lot Measurement: Acres
Lot Square Footage: 6186
Lot Acres: 0.14
Year Built: 1900
Tax Info
Taxable Value: 92005
SEV: 143700
For Tax Year: 2026
Seller's Annual Property Tax: 4625.81
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: N/A
Zoning: Residential
Tax ID #: 411418357005
Remarks & Misc
Public Remarks: Unlock instant equity and strong cash flow at 1340 Plainfield Ave NE! Whether you are seeking a lucrative house-hack to live nearly rent-free or adding a high-performing asset to your portfolio, this versatile triplex delivers on all fronts. Newly Renovated & Vacant Units: Units 1 and 2 have been freshly updated from top to bottom. Intentionally left vacant for the sale, they are completely move-in ready for an owner-occupant or immediate market-rate tenant placement. Low Landlord Overhead: Split utilities put the power bills on the tenants, maximizing your net operating income. High-Demand Amenities: Features on-site laundry—a premier driver for tenant retention and premium rental rates in this corridor. Prime Location: Situated in the vibrant Creston neighborhood, tenants will love being minutes from local dining, parks, and quick access to Downtown Grand Rapids and major highways.
Legal: LOT 8 BLK 5 EXCEPT E 40 FT* HOGEBOOM S SECOND ADDITION
Street Type
Paved: 1
Public: 1
Util Avail at Street
None: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Phone Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
FHA: 1
MSHDA: 1
Mineral Rights
Unknown: 1
Laundry Features
Common Area: 1
Exterior Material
Wood Siding: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Wall Furnace: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Substructure
Full: 1
Owner Pays
Sewer: 1
Trash Collection: 1
Water: 1
Unit 1
Unit #: 1
Unit Description: Unit 1
SqFt: 475
Occupied: No
Monthly Rent: 0
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Range Oven: 1
Refrigerator: 1
Sep. Heat System: 1
Unit 2
Unit #: 2
Unit Description: Unit 2
SqFt: 825
Occupied: No
Monthly Rent: 0
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Sep. Heat System: 1
Unit 3
Unit #: 3
Unit Description: Unit 3
SqFt: 825
Occupied: Yes
Monthly Rent: 950
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Sep. Heat System: 1
Washer/Dryer: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Kent
Street #: 1340
Street Name: Plainfield
Suffix: Avenue
Post Direction: NE
State: MI
Zip Code: 49505
OfficeContract Info
Status: Active
Current Price: $315,000
List Price: $315,000
Listing Date: 2026-08-19
Property Features
Laundry Features: Common Area
Exterior Material: Wood Siding
Roofing: Composition
Substructure: Full
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at Street: None
Owner Pays: Sewer; Trash Collection; Water
Tenant Pays: Electric; Gas
Heat Source: Natural Gas
Heat Type: Forced Air; Wall Furnace
Street Type: Paved; Public
Mineral Rights: Unknown
Terms Available: Cash; Conventional; FHA; MSHDA
Possession: Close Of Escrow
Sale Conditions: None
Unit 1: Range Oven; Refrigerator; Sep. Heat System
Unit 2: Range/Oven; Refrigerator; Sep. Heat System
Unit 3: Range/Oven; Sep. Heat System; Washer/Dryer
Supplements
Units 1,2, & common space available to tour anytime. Unit 3 only available after accepted offer. Please view photos which were just taken and floor plans.
Listing Office: Edison Brokers & Co LLC
Listing Agent: Mitchell D Luban
Last Updated: August - 19 - 2026
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