349 Richard Terrace SE
City of Grand Rapids, MI, 49506 $ 499,900
Bedrooms4 Baths0.0 Sq 4,200 Monthly Estimate*
$ 3,156
Multi-Family Home for sale in City of Grand Rapids, MI
for $499,900 with 4 bedrooms. This 4,200 square foot home was built in 1905 on a lot size of 0.1.
Welcome to this meticulously maintained Eastown duplex, perfectly situated within close 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, anda 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 PublicSewer SewerAtStreet
Heating ForcedAir NaturalGas
Cooling CentralAir
Utilities CableConnected ElectricityConnected NaturalGasConnected SewerConnected
Possession Negotiable
Roof Composition
Construction Materials VinylSiding
Year Built 1905
Property Subtype MultiFamily
Tax Year 2026
County Kent
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Garage Y/N N
Status Pending
Directions E on 196 South on Fuller East on Lake Dr S on Richard Terrace Home on West
City GrandRapidsCity_Kent
Senior Community Y/N N
High School District GrandRapids
Number Of Units Total 2
MLS Area Area41142GrandRapids
Lot Size Units SquareFeet
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 3487.35
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 Pending
Tax Assessed Value 105198
Legal Description LOT 21* L K BISHOP ADDITION
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ExteriorParking Features Paved
Water Source Public
Total Parking 2.0
Lot Size Area 4487.0
Foundation Details MichiganBasement
Number of Buildings 1
Spa N
Building Area Total 4200.0
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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InteriorBasement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Laundry Features InBasement
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* Excluded FeaturesList ByMichelle J HaynesListing Agent
Bellabay Realty LlcBroker
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 $407,118
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.
4909624 Elementary School
4909684 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/26/2026 | $499,900 | | Listed Price |