$384,900
Grand Rapids, MI 49503
MLS# 26049352
1 / 48
Property Description
Great investment opportunity in Grand Rapids! Situated on a quiet cul-de-sac, this tenant-occupied duplex features two units, each offering 2 bedrooms and 1 full bath, with separate electric service for each unit. One unit is currently leased on a month-to-month basis, while the other lease runs through February 2027. Tenant rights apply. Recent 2026 improvements include a new roof, fresh exterior paint on the upper portion of the home, new exterior stairs and upper rear deck, plus a new upper front deck. Enjoy a quiet residential setting while still being within walking distance of downtown Grand Rapids, restaurants, shopping, entertainment, and more. An excellent opportunity for investors looking to add a well-located multi-family property to their portfolio. Please do not disturb tenants. Minimum 48-hour notice required for all showings. Tenant rights apply. Owner is a licensed real estate agent in the State of Michigan.
Details
Location & Property Info
Cross Streets: Union and Fulton
Property Sub-Type: 2 to 4 Units
Municipality: City of Grand Rapids
Ownership Type: Broker/Agent Owned
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 200.47
General Property Info
New Construction: No
Lot Dimensions: 44 x 97
Financial Available: Yes
Financial Comments: Call Listing agent
Road Frontage: 44
Cert of Compliance: Yes
Waterfront: No
Basement: Yes
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 1920
Total Parking Spaces: 2
School District: Grand Rapids
Lot Measurement: Acres
Lot Square Footage: 4269
Lot Acres: 0.1
Year Built: 1900
Tax Info
Taxable Value: 139215
SEV: 147400
For Tax Year: 2025
Seller's Annual Property Tax: 7188.4
Tax Year: 2025
Homestead %: 50
Spec Assessment & Ty: no
Zoning: RMMM2_RES MULTI
Tax ID #: 41-14-30-280-023
Remarks & Misc
Public Remarks: Great investment opportunity in Grand Rapids! Situated on a quiet cul-de-sac, this tenant-occupied duplex features two units, each offering 2 bedrooms and 1 full bath, with separate electric service for each unit. One unit is currently leased on a month-to-month basis, while the other lease runs through February 2027. Tenant rights apply. Recent 2026 improvements include a new roof, fresh exterior paint on the upper portion of the home, new exterior stairs and upper rear deck, plus a new upper front deck. Enjoy a quiet residential setting while still being within walking distance of downtown Grand Rapids, restaurants, shopping, entertainment, and more. An excellent opportunity for investors looking to add a well-located multi-family property to their portfolio. Please do not disturb tenants. Minimum 48-hour notice required for all showings. Tenant rights apply. Owner is a licensed real estate agent in the State of Michigan.
Legal: 411430280023 PART OF LOT 2 COM ON CL OF STANLEY TERR 203 FT E OF E LINE UNION AVE TH S 112.0 FT TH E 44 FT N 112.0 FT TO CL OF STANLEY TERR TH W 44 FT TO BEG EX COM 203 FT E OF E LINE UNION AVE & 96.5 FT S OF CL STANLEY TERR TH S 15.5 FT E 44 FT N 20 .5 FT TH FOLLOWING A CURVE OF A 5 FT RADIUS TO A PT 39 FT E OF BEG TH W 39 FT TO BEG* ALLYN'S ADDITION
Lot Description
Sidewalk: 1
Wooded: 1
Street Type
Paved: 1
Util Avail at Street
Cable Available: 1
Electricity Available: 1
High Speed Internet: 1
Natural Gas Available: 1
Phone Available: 1
Public Sewer: 1
Public Water: 1
Storm Sewer: 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
Mineral Rights
Unknown: 1
Laundry Features
Lower Level: 1
Exterior Material
Wood Siding: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Driveway
Aggregate: 1
Substructure
Full: 1
Extras
Sep Electric Meter: 1
Owner Pays
Gas: 1
Sewer: 1
Water: 1
Unit 1
Unit #: 1
Unit Description: 2bed/1 bath
SqFt: 940
Occupied: No
Monthly Rent: 0
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Deck/Patio: 1
Dishwasher: 1
Fireplace: 1
Range Oven: 1
Refrigerator: 1
Washer/Dryer: 1
Unit 2
Unit #: 2
Unit Description: 2 bed/ 1 bath
SqFt: 980
Occupied: No
Monthly Rent: 0
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Deck/Patio: 1
Dishwasher: 1
Range/Oven: 1
Refrigerator: 1
Washer/Dryer: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Kent
Street #: 622
Street Name: Stanley
Suffix: Terrace
Post Direction: NE
State: MI
Zip Code: 49503
Zip (4): 3428
OfficeContract Info
Status: Active
Current Price: $384,900
List Price: $384,900
Listing Date: 2026-09-16
Remarks Misc
Directions: N off Fulton on to Union. East on to Stanley Terrace.
Property Features
Laundry Features: Lower Level
Exterior Material: Wood Siding
Roofing: Composition
Substructure: Full
Lot Description: Sidewalk; Wooded
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at Street: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available; Public Sewer; Public Water; Storm Sewer
Extras: Sep Electric Meter
Owner Pays: Gas; Sewer; Water
Tenant Pays: Electric
Heat Source: Natural Gas
Heat Type: Forced Air
Driveway: Aggregate
Street Type: Paved
Mineral Rights: Unknown
Terms Available: Cash; Conventional
Possession: Close Of Escrow
Sale Conditions: None
Unit 1: Deck/Patio; Dishwasher; Fireplace; Range Oven; Refrigerator; Washer/Dryer
Unit 2: Deck/Patio; Dishwasher; Range/Oven; Refrigerator; Washer/Dryer
Listing Office: Five Star Real Estate (Ada)
Listing Agent: Charles Laufer
Last Updated: September - 23 - 2026
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