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For sale
  • $495,000

    506 Fairview Ave NE, Grand Rapids, MI 49503

    6beds
    2baths
    1,689sqft
    : 
    2 to 4 Units
    Built in 1895
    -- sqft lot
    $477,800 Zestimate®
    $293/sqft
    $-- HOA

    What's special

    Modern conveniencesPrivate parking spotsAbundant permitted street parkingIn-unit laundry
    Calling all investors! Like-new duplex just steps from Medical Mile in the sought-after Belknap Lookout neighborhood. Could easily gross $48K/yr. Completely rebuilt in 2020 on the original foundation, this modern 2-unit property features separate utilities & nearly identical layouts: each unit offers 3 bedrooms, 1 full bath, in-unit laundry, and all the modern conveniences tenants desire. Excellent rental history. Unit 1 is currently month-to-month & Unit 2 is leased through July. Includes 2 private parking spots w/abundant permitted street parking available. Public transit nearby. A rare turnkey opportunity! 24 hour notice required for showings.
    20 days
    on Zillow
    |
    1,625
    |
    107
    |

    Zillow last checked: 7 hours ago

    Listing updated: May 12, 2025 at 05:59am

    Listed by:

    Melissa Mitchell 616-308-6304,

    Green Square Properties LLC 616-285-9305

    Source: MichRIC,MLS#: 25019621MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 506 Fairview Ave NE.

    Next available tour time:Tomorrow at 2pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 2
    Heating
    • Forced Air
    Cooling
    • Central Air
    Appliances
    • Laundry: In Unit, Laundry Closet
    Features
    • Basement: Crawl Space
    • Number of fireplaces: 1
    Interior area
    • Total interior livable area: 1,689 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Concrete, Driveway
    Lot
    • Size: 2,613.6 Square Feet
    • Dimensions: 40 x 64
    • Features: Sidewalk
    Details
    • Parcel number: 411419352010
    • Zoning description: Not available

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: 2 to 4 Units
    Materials
    • Vinyl Siding
    • Roof: Composition
    Condition
    • New construction: No
    • Year built: 1895

    Utilities & green energy

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

    Community & HOA

    Location
    • Region: Grand Rapids

    Financial & listing details

    • Price per square foot: $293/sqft
    • Tax assessed value: $112,970
    • Annual tax amount: $6,000
    • Date on market: 5/5/2025
    • Listing terms: VA Loan,MSHDA,FHA,Cash
    • Tenant pays: Electricity, Gas
    • Electric utility on property: Yes
    • Road surface type: Paved
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