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1012 Prospect Avenue SE City of Grand Rapids, MI $ 350,000
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$ 350,000 Get more info
1012 Prospect Avenue SE
$ 350,000
Back to search
Share Save

1012 Prospect Avenue SE

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

Monthly Estimate*

$ 2,184

1012 Prospect Avenue SE, City of Grand Rapids, MI 49507 - Image 1
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1012 Prospect Avenue SE, City of Grand Rapids, MI 49507 - Image 7
1012 Prospect Avenue SE, City of Grand Rapids, MI 49507 - Image 8
1012 Prospect Avenue SE, City of Grand Rapids, MI 49507 - Image 9
1012 Prospect Avenue SE, City of Grand Rapids, MI 49507 - Image 10
1012 Prospect Avenue SE, City of Grand Rapids, MI 49507 - Image 11
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1012 Prospect Avenue SE, City of Grand Rapids, MI 49507 - Image 15
Studio Multi-Family Home for sale in City of 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 Pending

Price

$ 350,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 4,024

Style

MultiFamily

Lot Size

0.15

Year Built

1900

Town/City

City of Grand Rapids

County/Region

KENT

MLS | Web ID

65025061399
Features
General
Sewer PublicSewer SewerAtStreet
Heating ForcedAir NaturalGas
Utilities ElectricityConnected NaturalGasConnected SewerConnected
Possession CloseOfEscrow
Roof Rubber
Construction Materials Other ShingleSiding
Year Built 1900
Property Subtype MultiFamily
Tax Year 2025
County Kent
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Garage Y/N N
Status Pending
City GrandRapidsCity_Kent
Senior Community Y/N N
High School District GrandRapids
Zoning Description Residential
Number Of Units Total 4
MLS Area Area41142GrandRapids
Lot Size Units SquareFeet
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 4024.97
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
Standard Status Pending
Tax Assessed Value 65780
Legal Description LOT 8* TIBBS ADDITION* ALSO LOT 680 DORAN S ASSESSOR S PLAT NO 21
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Exterior
Parking Features Paved
Water Source Public
Total Parking 4.0
Lot Size Area 6447.0
Foundation Details MichiganBasement
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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Interior
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
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Internal Only
Street Number 1 1012
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* Excluded Features
List By
Tedros T Fremichael

Listing Agent

Grand River Realty

Broker

(616) 821-8491

Phone

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
4909624 Elementary School
4909684 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, City of 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 City of Grand Rapids, MI

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