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!
Sold
$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
What's special
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#: 24059476
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