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

Grand Rapids, MI, 49506
$ 225,000
Baths0.0

Monthly Estimate*

$ 1,385

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View a Virtual Tour
Studio

Multi-Family Home for sale in Grand Rapids, MI

for $225,000. This 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 deadline Located 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 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 Coming Soon

Price

$ 225,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 4,500

Style

2 to 4 Units

Lot Size

0.08

Year Built

1905

Town/City

Grand Rapids

County/Region

Kent

MLS | Web ID

26024806
Features
General
Sewer Public Sewer
Heating Baseboard
Cooling None
Utilities Natural Gas Available Electricity Available Cable Available Electricity Connected Storm Sewer
Possession Close Of Escrow Subject To Tenant Rights
Construction Materials Vinyl Siding
Year Built 1905
Tenant Pays Electric Gas
Township City of Grand Rapids
Property Subtype 2 to 4 Units
Tax Year 2025
County Kent
New Construction N
Property Type Multi Family
Attached Garage N
Status Coming Soon
Directions Grand Rapids Michigan Get on I-196 E from Michigan St NW Continue on I-196 E to College Ave NE. Take exit 78 from I-196 E Take Michigan St NE to Diamond Ave NE
City Grand Rapids
High School District Grand Rapids
Zoning Description Res
Number Of Units Total 2
Lot Size Units Acres
Lot Size Square Feet 3528.0
Listing Terms Cash Conventional
Land Lease Y/N N
Tax Annual Amount 4500.07
Lease Renewal Y/N N
Additional Parcels 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
Standard Status Coming Soon
Occupancy Type Tenant
Tax Assessed Value 133720
Legal Description LOT 1671 EXCEPT N 34.35 FT THEREOF* STEINMANN S ASSESSOR S PLAT NO 58
Senior Community None
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Interior
Basement Michigan Basement
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Laundry Features Main Level Upper Level
Total Baths 0
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Exterior
Parking Features Concrete Driveway
Lot Features Sidewalk
Total Parking 4.0
Lot Size Area 0.08
Number of Buildings 1
Spa N
Lot Dimensions 41 x 125
Lot Size Acres 0.08
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 1 318
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* Excluded Features
List By
Smallegan Real Estate

Broker

jacob@smalleganrealestate.com

Email

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
250213 Elementary School
249218 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/26/2026$225,000 Listed Price

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

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