1212 Lake Drive SE
City of Grand Rapids, MI, 49506 $ 425,000
Baths0.0 Sq 3,350 Monthly Estimate*
$ 2,651
Studio Multi-Family Home for sale in City of Grand Rapids, MI
for $425,000. This 3,350 square foot home was built in 1880 on a lot size of 0.16.
BEAUTIFULLY UPDATED TRADITIONAL GRAND RAPIDS HOME! Nearly $100,000 in thoughtful, custom upgrades combine classic charm with modern convenience.The main level features warm hardwood floors, updated lighting, and a bright, functional layout. The kitchen has been tastefully refreshed with new cabinetry, solid-surface counters, and quality appliances. Spacious living and dining areas offer great flow, and the main-floor bedroom includes generous closets. The bathroom has been completely updated with a new vanity, basins, fixtures, lighting, glass shower doors, and custom mirrors.Upstairs offers exceptional flexibility with a large living room, two additional bedrooms, ample closet space, and an updated kitchen and bath - ideal as a fully functional second unit.Outside, enjoy a fantastic fenced backyard with a large deck, plus a two-stall garage - your own private city retreat. Located in the vibrant Lake Dr/Wealthy Street corridor, you're just steps from local shops, restaurants, parks, the bus line, and everyday conveniences. With its thoughtfully designed multi-unit configuration, this property offers independent, beautifully updated living spaces ideal for high rental demand or flexible income opportunities. The extensive upgrades and turn-key condition make it a rare find - seeing it in person is the best way to appreciate all it offers!
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FeaturesGeneralSewer PublicSewer SewerAtStreet StormDrain
Heating ForcedAir NaturalGas
Cooling CentralAir
Utilities ElectricityConnected NaturalGasConnected SewerConnected
Possession CloseOfEscrow
Construction Materials VinylSiding
Year Built 1880
Property Subtype MultiFamily
Tax Year 2024
Community Features Sidewalks
County Kent
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Garage Y/N N
Status Pending
Directions South side of Lake Dr east of Fuller.
City GrandRapidsCity_Kent
Senior Community Y/N N
High School District GrandRapids
Zoning Description Residential
Number Of Units Total 2
MLS Area Area41142GrandRapids
Lot Size Units SquareFeet
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 9118.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://www.zillow.com/view-imx/d32d22f0-b69b-4271-bf35-7fe6aaaebf1d?initialViewType=pano&setAttribution=mls&utm_source=dashboard&wl=true https://www.zillow.com/view-imx/d32d22f0-b69b-4271-bf35-7fe6aaaebf1d?initialViewType=pano&setAttribution=mls&utm_source=dashboard&wl=true
Building Area Units SquareFeet
Standard Status Pending
Tax Assessed Value 181268
Legal Description LOT 3 BLK 1 & W 8 FT OF LOT 2 BLK 1 & PART OF VACATED ALLEY COM AT SE COR LOT 3 TH E 8 FT S 16 FT W 22.17 FT N 16 FT E TO BEG* H D CARPENTER S ADDITION
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ExteriorParking Features SeeRemarks
Water Source Public
Total Parking 2.0
Lot Size Area 7100.0
Foundation Details CrawlSpace MichiganBasement
Number of Buildings 1
Spa N
Building Area Total 3350.0
Lot Dimensions 60 x 119
Lot Size Acres 0.16
Road Surface Type Paved
Waterfront Y/N N
Crops Included Y/N N
Road Responsibility PublicMaintainedRoad
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorBasement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Laundry Features CommonArea
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* Excluded FeaturesList ByPeter J AlbertiniListing Agent
Keller Williams Gr North (Main)Broker
Affordability Calculator
- Monthly Principal & Interest
- $2,651
- Monthly Property Taxes
- $760
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Grand Rapids, MI
Average List Price $512,175
Percent of Sale Price 21%
About Grand Rapids, MI 199,553 Population
1% Since 2002
$ 43,558 Median Income
34 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
4909624 Elementary School
4909684 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/15/2025 | $425,000 | | Listed Price |