349 Richard Terrace SE
Grand Rapids, MI, 49506 $ 499,900
Baths3.0 Monthly Estimate*
$ 3,156
Studio for $499,900 with 3 full baths. This home was built in 1905 on a lot size of 0.1.
Welcome to this meticulously maintained Eastown duplex, perfectly situated within walking distance of Wealthy Street, local restaurants, bars, shops, and all that this vibrant neighborhood has to offer. Bursting with character and lovingly cared for, this property offers an exceptional opportunity for an owner-occupant or investor. The lower unit features 2 bedrooms and 1.5 baths, a large living room, spacious formal dining room, and kitchen equipped with brand-new stainless steel appliances. The upper unit offers 2 bedrooms, 1 full bath, a large living room, formal dining room, and kitchen, preserving the home's classic charm and character throughout. Designed with privacy and convenience in mind, each unit has its own separate entrance, basement space and entrance, and laundry. Outside, enjoy a large inviting front porch, fenced backyard, and two stall garage. Recent improvements include a brand-new roof, new windows, two new furnaces, two new A/C units, a new driveway, and a new back walkway. The level of maintenance and care throughout this home is truly impressive. With its combination of historic character, thoughtful updates, functional layout, and unbeatable Eastown location, this is a property you won't want to miss! Offers due Tuesday, September 1 at 12:00 pm.
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FeaturesGeneralSewer Public Sewer
Heating Forced Air
Cooling Central Air
Utilities Natural Gas Available Electricity Available Cable Available Natural Gas Connected Electricity Connected Cable Connected
Possession Negotiable
Roof Composition
Construction Materials Vinyl Siding
Exclusions Freezer in garage in negotiable
Year Built 1905
Tenant Pays None
Township City of Grand Rapids
Property Subtype 2 to 4 Units
Tax Year 2026
County Kent
New Construction N
Property Type Multi Family
Attached Garage N
Status Active
Directions E on 196 South on Fuller East on Lake Dr S on Richard Terrace Home on West
City Grand Rapids
High School District Grand Rapids
Number Of Units Total 2
Lot Size Units Acres
Lot Size Square Feet 4487.0
Listing Terms VA Loan MSHDA FHA Cash Conventional
Land Lease Y/N N
Tax Annual Amount 3487.35
Lease Renewal Y/N N
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Active
Tax Assessed Value 105198
Legal Description LOT 21* L K BISHOP ADDITION
Senior Community None
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InteriorBasement Michigan Basement
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Laundry Features In Basement
Total Baths 3
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ExteriorParking Features Paved
Total Parking 2.0
Lot Size Area 0.1
Number of Buildings 1
Spa N
Lot Dimensions 40 x 112
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 ByBellabay Realty LlcBroker
michellecosta.realtor@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,156
- Monthly Property Taxes
- $291
- 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 $406,323
Percent of Sale Price 19%
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.
250213 Elementary School
249218 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/26/2026 | $499,900 | | Listed Price |