318 Diamond Avenue Grand Rapids, MI ^$ 225,000

318 Diamond Avenue

^$ 225,000

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318 Diamond Avenue

Grand Rapids, MI, 49503

^$ 225,000

Studio Baths0.0 Sq 1,912

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 1,912 square foot home was built in 1908 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.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.

Multi-Family Coming Soon

Price

^$ 225,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 4,500

Style

Lot Size

0.08

Year Built

1908

Town/City

Grand Rapids

County/Region

Kent

MLS | Web ID

70534494

Features

General

Heating Baseboard

Cooling None

Status Active Coming Soon

Year Built 1908

County Kent

Class MULTIFAMILY

Type Multi-Family

Municipality Grand Rapids

Zoning Residential

Subdivision MI

Sale/Rent For Sale

Status Detail 4

Area Grand Rapids (41032)

Primary City Grand Rapids

Virtual Tour https://www.zillow.com/view-imx/620a3046-0a82-4ca7-bd54-4dd074272e6a?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard

Directions Grand RapidsMichiganGet on I-196 E from Michigan St NWContinue on I-196 E to College Ave NE. Take exit 78 from I-196 ETake Michigan St NE to Diamond Ave NE

City Grand Rapids

School District Grand Rapids City School Distric

Financial Terms Cash Conventional

Legal Description LOT 61* GLENBROOK ADDITION

DOM 1

Postal Code 49503

Price Per Sq Ft Total AG 117.68

Public Remarks

Interior

Basement MI Basement

Total Number of Units 2

Fuel Type Natural Gas

Exterior

Exterior Vinyl Siding

Frontage 41

Lot Size Area 0.08

Lot Dimensions 41 x 125

Lot Description Sidewalks

Roads City/County Paved Street

Waterfront Y/N No

* Excluded Features

List By

Jacob Hills

Listing Agent

Smallegan Real Estate

Broker

jacob@smalleganrealestate.com

Affordability Calculator

$1,760

Per Month

Monthly Principal & Interest: $1,385
Monthly Property Taxes: $375
Monthly Home Insurance: --

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Yearly 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

Trends
Schools

Multi-family listings in Grand Rapids, MI

Average List Price ^$406,082

Percent of Sale Price 80%

About Grand Rapids, MI

199,553 Population

1% Since 2002

^$43,558 Median Income

34 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3147031 Elementary School

3147033 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/26/2026	$225,000		Listed Price

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318 Diamond Avenue, Grand Rapids, MI, 49503 is a Multi-Family Home for sale at $225,000 with 1,912 sqft and a lot size of 0.08. 318 Diamond Avenue is a studio with 0.0 baths and was built in 1908. The property's zip code is 49503 which is in Grand Rapids, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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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318 Diamond Avenue

Multi-Family Home for sale in Grand Rapids, MI

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