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    1012 Prospect Ave SE Grand Rapids, MI 49507

    New
    Pending
    For Sale
    $350,000

    MULTI_FAMILY - Grand Rapids, MI

    Lot size:
    0.15 Acres
    Days on Market:
    1
    Last Refresh:
    Dec 13 at 7:06 pm

    Property Features for 1012 Prospect Ave SE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Bedroom 5, Bedroom 11, Bedroom 3, Bedroom 7, Bathroom 4, Bedroom 12, Bedroom 10, Bedroom 8, Bedroom 6, Bedroom 4, Bathroom 3, Bedroom 9, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1, Basement
    Bedrooms
    12
    APN
    41-14-31-379-004
    Parking
    4
    Lot size
    0.15 Acres

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air

    Building Details

    Year built
    1900
    Number of units
    4
    Building materials
    Shingle Siding
    Roof type
    Rubber

    Grand River Realty (616) 389-0881 [email protected]

    Listing agent Tedros T Fremichael (616) 821-8491

    Listing date Dec 13, 2025

    MLS# 25061399 Listing URL

    Copyright © 2025 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Grand Rapids Four-Unit Multifamily Property

    Located in the Baxter/SE Grand Rapids area, this four-unit multifamily property at 1012 Prospect Avenue SE presents an investment opportunity. Each unit features three bedrooms and one full bathroom. The property has separate utilities and off-street parking. Three of the four units are occupied with month-to-month tenants. Current rents are $1,400 for Unit 1, $1,300 for Unit 2, and $1,300 for Unit 4. Unit 3 is currently vacant, with a previous rent of $1,400. The property is near schools, parks, shopping, and public transit. The lot size is 0.15 acres. The property is sold as is.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.659975
    Latitude
    42.945326

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    FAQs

    What type of property is this?
    Quadplex - Four-unit property in Grand Rapids with income potential.
    Where is this quadplex located?
    The property is located at 1012 Prospect Ave SE Grand Rapids, MI.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Steady cash flow with significant potential for value growth.; - **4-plex with each unit offering three bedrooms and one full bathroom.**; - Separate utilities for each unit.
    (616) 821-8491
    Request Owner's contact information
    1012 Prospect Ave SE Grand Rapids, MI 49507
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    Grand Rapids, MI 49507
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1012 Prospect Ave SE Grand Rapids, MI 49507
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