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Occupied Two-Unit Duplex
For Sale
$220,000

1242 Alpine Avenue NW, Grand Rapids, MI 49504

Multi Family, Grand Rapids, MI

Property SizeContact for details
Lot Size0.15 Acres
Days on Market107

Property Features for 1242 Alpine Avenue NW

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description 401 Res Imp
Bedrooms 2
Full bathrooms 2
Rooms Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Basement
Parking 4
Basement Full
Elementary school district Grand Rapids
Middle school district Grand Rapids
High school district Grand Rapids
Standard status Active
APN 41-13-13-356-010
Lot size 0.15 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description LOT 1181* PANFIL S ASSESSOR S PLAT NO 54* OF LOTS 1, 2, 4, 5, 20, 21, 22, 23 & 24 OF PATRICK TREGENT S ADDITION
Tax Annual Amount 2078
Legal Description LOT 1181* PANFIL S ASSESSOR S PLAT NO 54* OF LOTS 1, 2, 4, 5, 20, 21, 22, 23 & 24 OF PATRICK TREGENT S ADDITION

Utilities

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

Building Details

Year built 1880
Number of units 2
Building materials Aluminum Siding
Listing Agency: Edison Brokers & Co LLC
Listed By: Kyle P Naumann · License #6502426806
Added: Jun 13 Changed: Sep 16 Last Checked: Sep 27 at 6:06PM
MLS# 26029274

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This occupied duplex at 1242 Alpine Avenue NW contains two up-and-down residential units, each arranged with one bedroom and one bathroom. Separately metered utilities support distinct tenant utility accounts, while the property also includes basement space and off-street parking. The home was built in 1880 and features aluminum siding, forced-air heating, natural gas availability, and public sewer service.

The property is positioned on the Northwest side of Grand Rapids, near downtown, major employers, shopping, restaurants, and public transportation. Its compact 0.15-acre site provides a two-unit residential configuration within an established urban setting.

Key Highlights

  • Fully occupied duplex with two 1‑bedroom, 1‑bathroom units
  • Up‑and‑down unit arrangement at 1242 Alpine Avenue NW
  • Separately metered utilities for the two units

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Dental Office Parking Lot & Garage Nail Salon Daycare Center Cafe & Coffee Shop Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

675
Businesses Nearby

Demographics for 49504, MI

41,249
Population
18,830
Households
2.2
Avg Household Size
33
Median Age
39%
College-Educated
90%
High-School Grad
11.1 sq mi
ZIP Area
3,716
Density / Sq Mi
$68,326
Median Household Income
$41,138
Median Earnings
$1,145
Median Rent
$222,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Up-and-down layout with separately metered utilities and off-street parking.
Where is this duplex located?
The property is located at 1242 Alpine Avenue NW Grand Rapids, MI.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Fully occupied duplex with two 1‑bedroom, 1‑bathroom units; Up‑and‑down unit arrangement at 1242 Alpine Avenue NW; Separately metered utilities for the two units
More about this property
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