318 Diamond Avenue SE City of Grand Rapids, MI $ 225,000
318 Diamond Avenue SE
$ 225,000
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Open House 5/30 10am - 12pm
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318 Diamond Avenue SE

City of Grand Rapids, MI, 49506
$ 225,000
Bedrooms2 Baths0.0 Sq 1,912

Monthly Estimate*

$ 1,385

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View a Virtual Tour
Multi-Family Home for sale in City of Grand Rapids, MI for $225,000 with 2 bedrooms. This 1,912 square foot home was built in 1905 on a lot size of 0.08.

Welcome to this 2-unit duplex right in the heart of East Hills. Lower unit has 3 bedrooms and 1 bathroom and upper unit has 2 bedrooms and 1 bathroom. This house has a ton of potential as an owner-occupied home or your next investment property. Both units currently vacant, lower was rented out at $1,600 M2M and upper was rented out at $1,300 M2M. seller reserves the right to set a deadlineLocated just minutes from downtown and the Medical Mile, this property offers convenient access to Cherry Street, Wealthy Street, and Eastown dining, coffee shops, breweries, boutique shopping, and entertainment. Whether you are looking to expand your investment portfolio or offset your mortgage by living in one unit and renting the other, this location offers strong long-term appeal for both lifestyle and rental demand.

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Open House

5/30/2026 10:00 AM - 12:00 PM
318 Diamond Avenue SE City of Grand Rapids, MI
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Multi-Family Active

Price

$ 225,000

Bedrooms

2

Property Type

Multi-Family

Taxes

$ 4,500

Style

MultiFamily

Lot Size

0.08

Year Built

1905

Town/City

City of Grand Rapids

County/Region

KENT

MLS | Web ID

65026024806

Features
General
Sewer PublicSewer SewerAtStreet StormDrain
Heating Baseboard NaturalGas
Utilities ElectricityConnected SewerConnected
Possession CloseOfEscrow SubjectToTenantRights
Construction Materials VinylSiding
Year Built 1905
Property Subtype MultiFamily
Tax Year 2025
Community Features Sidewalks
County Kent
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Garage Y/N N
Status Active
Directions Grand RapidsMichiganGet on I-196 E from Michigan St NWContinue on I-196 E to College Ave NE. Take exit 78 from I-196 ETake Michigan St NE to Diamond Ave NE
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 4500.07
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/620a3046-0a82-4ca7-bd54-4dd074272e6a?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard https://www.zillow.com/view-imx/620a3046-0a82-4ca7-bd54-4dd074272e6a?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
Building Area Units SquareFeet
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 133720
Legal Description LOT 1671 EXCEPT N 34.35 FT THEREOF* STEINMANN S ASSESSOR S PLAT NO 58
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Exterior
Parking Features Concrete
Water Source Public
Total Parking 4.0
Lot Size Area 3528.0
Foundation Details MichiganBasement
Number of Buildings 1
Spa N
Building Area Total 1912.0
Lot Dimensions 41 x 125
Lot Size Acres 0.08
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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Interior
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Laundry Features MainLevel UpperLevel
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Internal Only
Street Number 1 318
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* Excluded Features
List By
Jacob Hills

Listing Agent

Smallegan Real Estate

Broker

(616) 898-2820

Phone

Affordability Calculator

$1,760
Per Month
79%
21%
0%
Monthly Principal & Interest
$1,385
Monthly Property Taxes
$375
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
4909624 Elementary School
4909684 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/26/2026$225,000 Listed Price

Map


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318 Diamond Avenue SE, City of Grand Rapids, MI, 49506 is a Multi-Family Home for sale at $225,000 with 1,912 sqft and a lot size of 0.08. 318 Diamond Avenue SE has 2 bedrooms, 0.0 baths, and was built in 1905. The property's zip code is 49506 which is in City of Grand Rapids, MI