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Listing provided courtesy of Five Star Real Estate (Grandv)- MLS# 26010097MLS ProviderSource MLS Verified

1402 North Avenue NEGrand Rapids, MI 49505

Multi-Family
$360,000 Active

1402 North Avenue NE Overview

Time on Site:
105 days
Visits:
1

Fully rented 3-unit investment property generating $3,300/month in rental income in Grand Rapids! This is a great opportunity for investors looking for a turnkey income-producing property or a potential DSCR loan opportunity. This unique parcel includes both a duplex and a fully renovated single-family home. The single-family home was taken down to the studs in 2022 and features updated HVAC, central air, electrical, plumbing, windows, and stainless steel appliances. That unit is currently rented for $1,300/month. The duplex is also fully occupied and includes a 2-bedroom, 2-bath lower unit rented at $900/month and a 1-bedroom, 1-bath upper unit rented at $900/month. The duplex roof has recently been replaced, adding additional value and peace of mind for the next owner. Whether you're looking to expand your rental portfolio, add a cash-flowing asset, or take advantage of Grand Rapids investment property demand, this is an opportunity you won't want to miss

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1402 North Avenue NE Facts & Features

  • Type Multi-Family

Details

General

Building Information

  • New Construction: No
  • Year Built: 1890

Location/Region

  • County Or Parish: Kent

Rent/Lease Information

  • Tenant Pays: Electric,Gas

Tax Information

  • Tax Annual Amount: 5030.0

General Information

  • Parcel Number: 41-14-18-451-002
  • Property Sub Type: 2 to 4 Units
  • Property Type: Multi Family

Interior

Beds/Baths

  • Bathrooms Total: 0

General Information

  • Laundry Features: Laundry Room

Exterior

Lot Information

  • Lot Features: Sidewalk
  • Lot Size Dimensions: 44x49x25x49x19x99
  • Lot Size Units: Acres

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Vinyl Siding
  • Roof: Composition

General Information

  • Number Of Units Total: 3
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available,Electricity Available,Cable Available,Natural Gas Connected,Electricity Connected,Storm Sewer

1402 North Avenue NE Neighborhood

Community

49505 (Grand Rapids) Demographics

34
Median Age
3,640
Population Density (per sq. mile)
47%
College Educated
$55,440
Estimated Median Income
8,596
Estimated Total Home Owners
4,762
Estimated Total Renters
64% / 36%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1402 North Avenue NE Monthly Cost

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Eric Nowik
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1402 North Avenue NE Market Data

Based on the last 30 days in this zip code

$326,704
Average List Price
$197
Average Price per Square Foot
35
Properties Sold
37
Average Days on Market
180
Properties for Sale
Calculations provided by Reliance Network

1402 North Avenue NE History

Date Event Value Agent
3/16/2026Source: MichRIC MLS Added to Database
March 16, 2026
10/12/2022Source: MichRIC MLS Added to Database
October 12, 2022
10/11/2022Source: MichRIC MLS Added to Database
October 11, 2022