$399,900
Grand Rapids, MI 49506
MLS# 26059784
1 / 30
Property Description
Excellent investment opportunity in the highly desirable Eastown area of Grand Rapids! This classic two-story duplex offers approximately 1,944 square feet and is situated on a spacious 40' x 132' lot. Featuring two separate living units, a full basement, and three off-street parking spaces, this property offers excellent potential for investors seeking rental income or owner-occupants looking to offset their mortgage with rental income. Enjoy the convenience of being just minutes from the vibrant Wealthy Street corridor, local restaurants, shopping, entertainment, parks, and downtown Grand Rapids. A fantastic opportunity to own an income-producing property in an established and sought-after neighborhood. Don't miss your chance to add this Eastown duplex to your investment portfolio!
Details
Location & Property Info
Cross Streets: Lake Drive & Wealthy
Property Sub-Type: 2 to 4 Units
Municipality: City of Grand Rapids
Office/Contract Info
On-Market Date: 2026-11-11
Auction or For Sale: For Sale
List Price/SqFt: 205.71
General Property Info
New Construction: No
Lot Dimensions: 40x132
Road Frontage: 40
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2028-01-15
Waterfront: No
Basement: Yes
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 1944
Total Parking Spaces: 3
School District: Grand Rapids
Lot Measurement: Acres
Lot Square Footage: 5271
Lot Acres: 0.12
Year Built: 1910
Tax Info
Taxable Value: 159900
SEV: 159900
For Tax Year: 2026
Seller's Annual Property Tax: 8210.03
Tax Year: 2025
Homestead %: 100
Spec Assessment & Ty: 0
Zoning: Multi
Tax ID #: 41-14-32-235-007
Remarks & Misc
Public Remarks: Excellent investment opportunity in the highly desirable Eastown area of Grand Rapids! This classic two-story duplex offers approximately 1,944 square feet and is situated on a spacious 40' x 132' lot. Featuring two separate living units, a full basement, and three off-street parking spaces, this property offers excellent potential for investors seeking rental income or owner-occupants looking to offset their mortgage with rental income. Enjoy the convenience of being just minutes from the vibrant Wealthy Street corridor, local restaurants, shopping, entertainment, parks, and downtown Grand Rapids. A fantastic opportunity to own an income-producing property in an established and sought-after neighborhood. Don't miss your chance to add this Eastown duplex to your investment portfolio!
Legal: S 40 FT OF LOT 5* B F WASHBURN S SUBDIVISION
Lot Description
Sidewalk: 1
Street Type
Paved: 1
Public: 1
Util Avail at Street
Storm Sewer: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
FHA: 1
Mineral Rights
No: 1
Exterior Material
Wood Siding: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Air Conditioning
None: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Trash: 1
Driveway
Shared Paved: 1
Substructure
Full: 1
Extras
Garages: 1
Sep Electric Meter: 1
Sep Gas Meter: 1
Owner Pays
Sewer: 1
Water: 1
Unit 1
Unit #: 508
Unit Description: Lower Unit
SqFt: 1272
Occupied: Yes
Monthly Rent: 1600
Bedrooms: 3
Bathrooms: 1
Full Baths: 1
Dishwasher: 1
Garage: 1
Range Oven: 1
Refrigerator: 1
Washer/Dryer: 1
Unit 2
Unit #: 508
Unit Description: Upper Unit
SqFt: 672
Occupied: Yes
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Garage: 1
Range/Oven: 1
Refrigerator: 1
Possession
Close Plus 30 Days: 1
Location Property Info
County: Kent
Street #: 508
Street Name: Glenwood
Suffix: Avenue
Post Direction: SE
State: MI
Zip Code: 49506
Zip (4): 2703
OfficeContract Info
Status: Active
Current Price: $399,900
List Price: $399,900
Listing Date: 2026-10-29
Remarks Misc
Directions: South off of Lake Drive just east of Wealthy
Property Features
Exterior Material: Wood Siding
Roofing: Composition
Substructure: Full
Lot Description: Sidewalk
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected
Util Avail at Street: Storm Sewer
Extras: Garages; Sep Electric Meter; Sep Gas Meter
Owner Pays: Sewer; Water
Tenant Pays: Electric; Gas; Trash
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: None
Driveway: Shared Paved
Street Type: Paved; Public
Mineral Rights: No
Terms Available: Cash; Conventional; FHA
Possession: Close Plus 30 Days
Sale Conditions: None
Unit 1: Dishwasher; Garage; Range Oven; Refrigerator; Washer/Dryer
Unit 2: Garage; Range/Oven; Refrigerator
Supplements
Unit 1 is currently being rented for $1,600 a month
Listing Office: Keller Williams GR North
Listing Agent: Meghan GeBott
Last Updated: November - 11 - 2026
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