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622 Stanley Terrace NE Grand Rapids, MI $ 384,900
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622 Stanley Terrace NE
$ 384,900
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622 Stanley Terrace NE

Grand Rapids, MI, 49503
$ 384,900
Baths2.0

Monthly Estimate*

$ 2,430

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Studio

Multi-Family Home for sale in Grand Rapids, MI

for $384,900 with 2 full baths. This home was built in 1900 on a lot size of 0.1.

Great investment opportunity in Grand Rapids! Situated on a quiet cul-de-sac, this tenant-occupied duplex features two units, each offering 2 bedrooms and 1 full bath, with separate electric service for each unit. One unit is currently leased on a month-to-month basis, while the other lease runs through February 2027. Tenant rights apply. Recent 2026 improvements include a new roof, fresh exterior paint on the upper portion of the home, new exterior stairs and upper rear deck, plus a new upper front deck. Enjoy a quiet residential setting while still being within walking distance of downtown Grand Rapids, restaurants, shopping, entertainment, and more. An excellent opportunity for investors looking to add a well-located multi-family property to their portfolio. Please do not disturb tenants. Minimum 48-hour notice required for all showings. Tenant rights apply. Owner is a licensed real estate agent in the State of Michigan.

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Multi-Family Active

Price

$ 384,900

Bedrooms

Studio

Full Bath

2

Property Type

Multi-Family

Taxes

$ 7,188

Style

2 to 4 Units

Lot Size

0.1

Year Built

1900

Town/City

Grand Rapids

County/Region

Kent

MLS | Web ID

26049352
Features
General
Sewer Public Sewer
Heating Forced Air
Utilities Phone Available Natural Gas Available Electricity Available Cable Available Phone Connected Natural Gas Connected Electricity Connected Cable Connected Storm Sewer
Possession Close Of Escrow
Roof Composition
Construction Materials Wood Siding
Year Built 1900
Tenant Pays Electric
Township City of Grand Rapids
Property Subtype 2 to 4 Units
Tax Year 2025
Ownership Broker/Agent Owned
County Kent
New Construction N
Property Type Multi Family
Attached Garage N
Status Active
Directions N off Fulton on to Union. East on to Stanley Terrace.
City Grand Rapids
High School District Grand Rapids
Zoning Description RMMM2_RES MULTI
Number Of Units Total 2
Lot Size Units Acres
Lot Size Square Feet 4269.0
Listing Terms Cash Conventional
Land Lease Y/N N
Tax Annual Amount 7188.4
Lease Renewal Y/N N
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Active
Tax Assessed Value 139215
Legal Description 411430280023 PART OF LOT 2 COM ON CL OF STANLEY TERR 203 FT E OF E LINE UNION AVE TH S 112.0 FT TH E 44 FT N 112.0 FT TO CL OF STANLEY TERR TH W 44 FT TO BEG EX COM 203 FT E OF E LINE UNION AVE & 96.
Senior Community None
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Interior
Basement Full
Basement (Y/N) Y
Heating Y/N Y
Laundry Features Lower Level
Total Baths 2
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Exterior
Parking Features Aggregate Driveway
Lot Features Sidewalk Wooded
Total Parking 2.0
Lot Size Area 0.1
Number of Buildings 1
Spa N
Lot Dimensions 44 x 97
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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Internal Only
Street Number 1 622
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* Excluded Features
List By
Five Star Real Estate (Ada)

Broker

chiplaufer@gmail.com

Email

Affordability Calculator

$3,029
Per Month
80%
20%
0%
Monthly Principal & Interest
$2,430
Monthly Property Taxes
$599
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.
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Nearby
250213 Elementary School
249218 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/16/2026$384,900 Listed Price

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622 Stanley Terrace NE, Grand Rapids, MI, 49503 is a Multi-Family Home for sale at $384,900 with a lot size of 0.1. 622 Stanley Terrace NE is a studio with 2.0 baths and was built in 1900. The property's zip code is 49503 which is in Grand Rapids, MI

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