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1012 Prospect Avenue Grand Rapids, MI $ 350,000
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1012 Prospect Avenue
$ 350,000
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1012 Prospect Avenue

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

Monthly Estimate*

$ 2,184

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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

Lot Size

0.15

Year Built

1900

Town/City

Grand Rapids

County/Region

Kent

MLS | Web ID

70508046
Features
General
Heating Forced Air
Cooling None
Status Active Active
Year Built 1900
County Kent
Class MULTIFAMILY
Type Multi-Family
Municipality Grand Rapids
Zoning Residential
Subdivision MI
Sale/Rent For Sale
Status Detail 0
Area Grand Rapids (41032)
Primary City Grand Rapids
City Grand Rapids
School District Grand Rapids City School Distric
Financial Terms Cash Conventional
Legal Description LOT 8* TIBBS ADDITION* ALSO LOT 680 DORAN S ASSESSOR S PLAT NO 21
DOM 1
Postal Code 49507
Public Remarks Investment Opportunity in Grand Rapids!Welcome to 1012 Prospect Avenue SE
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Interior
Basement MI Basement
Total Number of Units 4
Fuel Type Natural Gas
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Exterior
Exterior Other
Frontage 46
Lot Size Area 0.15
Lot Dimensions 46 X 140
Roads Paved Street
Waterfront Y/N No
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* Excluded Features
List By
Tedros Fremichael

Listing Agent

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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THE TIME TO SELL IS NOW! What's my home worth?
Nearby
3147031 Elementary School
3147033 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, Grand Rapids, MI, 49507 is a Multi-Family Home for sale at $350,000 with a lot size of 0.15. 1012 Prospect Avenue 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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