Recently Listed Open House 8/16 12pm - 2pm
745 Prospect Avenue SE
City of Grand Rapids, MI, 49503 $ 319,500
Bedrooms5 Baths0.0 Sq 2,665 Monthly Estimate*
$ 2,017
Multi-Family Home for sale in City of Grand Rapids, MI
for $319,500 with 5 bedrooms. This 2,665 square foot home was built in 1900 on a lot size of 0.1.
OPEN 12-2 SUN 8/16. Lovely two unit investment property located in South Hill just outside Heritage Hill. Conveniently located near downtown GR happenings, restaurants and pubs on Wealthy Street, Trinity Health and easy access to expressways and bus lines. Offering solid potential for income diversification. Could be ideal owner occupied as upper unit is currently vacant. Property offers loads of old world character and charm all the way through. Main floor with 2 bedrooms, wood flooring, high 10' ceilings, ornate wood work, spacious foyer, french doors and fireplace. Upper level with 3 bedrooms, high ceilings, wood flooring, nice wood work & trim, transom window, access to unfinished 3rd floor attic. All appliances remain including double washer & dryers. Basement offers separate locked storage areas & separate laundry area for each unit. City Certified thru 5/21/30. New roof 2024, many newer windows, 2 newer water heaters, ext was painted 3 years ago. Quaint rear yard. Hurry!Main floor tenant has occupied the unit for 20 years. If offers are received, seller will review Tuesday 8/18 at 7 pm.
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Open House
8/16/2026 12:00 PM - 2:00 PM
745 Prospect 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
FeaturesInteriorInterior Amenities Storage
Basement Full WalkOutAccess
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Laundry Features CommonArea InBasement LaundryRoom SeeRemarks
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GeneralSewer PublicSewer SewerAtStreet StormDrain
Heating ForcedAir NaturalGas
Utilities ElectricityConnected NaturalGasConnected PhoneAvailable SewerConnected
Possession CloseOfEscrow
Roof Composition
Construction Materials WoodSiding
Year Built 1900
Property Subtype MultiFamily
Tax Year 2026
Community Features Sidewalks
County Kent
Insurance Expense 2665.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Garage Y/N N
Status Active
Directions Corner of Franklin and Prospect
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 2311.74
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
Building Area Units SquareFeet
Standard Status Active
Tax Assessed Value 43855
Legal Description E 100 FT OF S 44 FT OF LOT 10 BLK 8* J PENNEY S ADDITION* BEING PART OF E 1/2 OF NW 1/4 SEC 31-7-11
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ExteriorParking Features Paved
Lot Features CornerLot
Water Source Public
Total Parking 0.0
Lot Size Area 4400.0
Number of Buildings 1
Spa N
Building Area Total 2665.0
Lot Dimensions 44x100
Lot Size Acres 0.1
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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* Excluded FeaturesList ByAurelia R BeckerListing Agent
Pro Real Estate Services LlcBroker
Affordability Calculator
- Monthly Principal & Interest
- $2,017
- Monthly Property Taxes
- $193
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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 $407,534
Percent of Sale Price 28%
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 |
|---|
| 8/13/2026 | $319,500 | | Listed Price |