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1012 Prospect Avenue SE Grand Rapids, MI $ 350,000
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$ 350,000 Get more info
1012 Prospect Avenue SE
$ 350,000
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1012 Prospect Avenue SE

Grand Rapids, MI, 49507
$ 350,000
Baths0.0

Monthly Estimate*

$ 2,184

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1012 Prospect Avenue SE, Grand Rapids, MI 49507 - Image 5
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1012 Prospect Avenue SE, Grand Rapids, MI 49507 - Image 8
1012 Prospect Avenue SE, Grand Rapids, MI 49507 - Image 9
1012 Prospect Avenue SE, Grand Rapids, MI 49507 - Image 10
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1012 Prospect Avenue SE, Grand Rapids, MI 49507 - Image 12
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Studio

Multi-Family Home for sale in Grand Rapids, MI

for $350,000. This home was built in 1900 on a lot size of 0.15.

Investment Opportunity in Grand Rapids! Welcome to 1012 Prospect Avenue SE, a large and 4-plex located in the Baxter/SE Grand Rapids area. Each unit offers three bedrooms and one full bathroom. Current rents include Unit 1 at $1,400, Unit 2 at $1,300, Unit 3 with previous rent at $1,400 (vacant), and Unit 4 at $1,300. The property features separate utilities and convenient off-street parking. Three of the four units are presently occupied with month-to-month tenants, offering immediate income and flexibility for future improvements or rent adjustments. Situated close to schools, parks, shopping, and public transit, this property delivers steady cash flow with significant potential for value growth. Don't miss your chance schedule you're showing today. Property sold as is. Offers received seller is calling for highest & best by 5pm 12-11-25.

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Multi-Family Active

Price

$ 350,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 4,024

Style

2 to 4 Units

Lot Size

0.15

Year Built

1900

Town/City

Grand Rapids

County/Region

Kent

MLS | Web ID

25061399
Features
General
Sewer Public Sewer
Heating Forced Air
Cooling None
Utilities Natural Gas Available Electricity Available Natural Gas Connected Electricity Connected
Possession Close Of Escrow
Roof Rubber
Construction Materials Shingle Siding Other
Year Built 1900
Tenant Pays Electric Trash Gas
Township City of Grand Rapids
Property Subtype 2 to 4 Units
Tax Year 2025
County Kent
New Construction N
Property Type Multi Family
Attached Garage N
Status Active
City Grand Rapids
High School District Grand Rapids
Zoning Description RES
Number Of Units Total 4
MLS Area Grand Rapids - G
Lot Size Units Acres
Lot Size Square Feet 6447.0
Listing Terms Cash Conventional
Land Lease Y/N N
Tax Annual Amount 4024.97
Lease Renewal Y/N N
MLS Area Minor Grand Rapids - G
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Active
Tax Assessed Value 65780
Legal Description LOT 8* TIBBS ADDITION* ALSO LOT 680 DORAN S ASSESSOR S PLAT NO 21
Senior Community None
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Interior
Basement Michigan Basement
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features Paved
Total Parking 4.0
Lot Size Area 0.15
Number of Buildings 1
Spa N
Lot Dimensions 46 X 140
Lot Size Acres 0.15
Road Surface Type Paved
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1012
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* Excluded Features
List By
Grand River Realty

Broker

tedros@tfhomesgr.com

Email

Affordability Calculator

$2,519
Per Month
87%
13%
0%
Monthly Principal & Interest
$2,184
Monthly Property Taxes
$335
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.
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Nearby
250213 Elementary School
249218 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
12/10/2025$350,000 Listed Price

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1012 Prospect Avenue SE, Grand Rapids, MI, 49507 is a Multi-Family Home for sale at $350,000 with a lot size of 0.15. 1012 Prospect Avenue SE is a studio with 0.0 baths and was built in 1900. The property's zip code is 49507 which is in Grand Rapids, MI

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