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.
For sale
$495,000
506 Fairview Ave NE, Grand Rapids, MI 49503
6beds
2baths
1,689sqft
Est.:
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
- 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#: 25019621

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
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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