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  • $338,000

    1615 Lyon St NE, Grand Rapids, MI 49503

    4beds
    2baths
    1,724sqft
    2 to 4 Units
    Built in 1920
    -- sqft lot
    $348,500 Zestimate®
    $196/sqft
    $2,176 Estimated rent

    Owner options

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    $2,176/mo

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    $2,176/mo

    Rent Zestimate®

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    $2,055/mo

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    $2,055/mo

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    What's special

    Located in the highly sought-after Fulton Heights neighborhood of Grand Rapids, this duplex presents an exceptional investment opportunity in one of Michigan's most vibrant and rapidly growing cities. Offering the potential for steady rental income, this property is perfectly positioned in an area renowned for its dynamic economy, strong rental demand, and thriving real estate market. Set on a double-sized lot, the property includes a generous 2-stall garage, currently utilized by tenants for additional storage, adding value and convenience for the renters. Both units are fully leased through July 2025, providing an immediate, reliable income stream for the new owner. Plus, the City of Grand Rapids rental certificate is valid through May 2028. Recent upgrades to the property, completed within the past year, enhance its overall appeal and functionality. With ample parking and a desirable location just minutes from downtown Grand Rapids, this duplex is an ideal addition to any investor's portfolio. Whether you're looking to expand your rental holdings or enter the Grand Rapids market, this property offers long-term growth potential and a prime opportunity in a neighborhood that continues to attract attention. Don't miss your chance to secure this incredible investment. Schedule your showing today!

    Zillow last checked: 8 hours ago

    Listing updated: February 01, 2025 at 07:08am

    Listed by:

    Dawn Van Kampen 616-566-5783,

    West Edge Real Estate LLC

    Bought with:

    Larry E Martin, 6502412117

    Keller Williams Realty Rivertown

    Source: MichRIC,MLS#: 24059476MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    Heating
    • Hot Water
    Cooling
    • Wall Unit(s)
    Appliances
    • Laundry: Electric Dryer Hookup, In Unit, Washer Hookup
    Features
    • Basement: Partial
    Interior area
    • Total interior livable area: 1,724 sqft

    Property

    Parking
    • Total spaces: 5
    • Parking features: Paved
    Lot
    • Size: 0.36 Acres
    • Dimensions: 112 x 140
    • Features: Level, Sidewalk
    Details
    • Parcel number: 41428101037

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: 2 to 4 Units
    Materials
    • Aluminum Siding
    • Roof: Metal
    Condition
    • New construction: No
    • Year built: 1920

    Utilities & green energy

    • Sewer: Public Sewer, Storm Sewer
    • Utilities for property: Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected

    Community & neighborhood

    Location
    • Region: Grand Rapids

    Other

    Other facts
    • Listing terms: Cash,Conventional
    • Road surface type: Paved
    Sell with ease on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $348,500
    2% more+$6,970
    With Zillow Showcase(estimated)$355,470