Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1459 Godfrey Ave SW Wyoming, MI 49509

    Sponsored
    Picture of Duplexes at Godfrey Ave SW 1459, Wyoming, MI
    For Sale
    $159,900

    MULTI_FAMILY - Wyoming, MI

    Lot size:
    0.11 Acres
    Days on Market:
    4
    Last Refresh:
    Feb 21 at 11:06 am

    Property Features for 1459 Godfrey Ave SW

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 2, Basement, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1
    Bedrooms
    3
    APN
    41-17-02-276-003
    Parking
    4
    Lot size
    0.11 Acres

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Space Heater, Forced Air

    Building Details

    Year built
    1900
    Number of units
    2
    Building materials
    Vinyl Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    Anthony DeBartolo

    DeBartolo Realty (616) 459-3581

    Listing agent Anthony DeBartolo (616) 437-1415

    Listing date Feb 18, 2026

    MLS# 26005939 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Wyoming Duplex in Poor Condition

    This multifamily property, located in Wyoming, MI, is a duplex in poor condition that requires considerable work. Both units are currently rented; the downstairs unit is rented for $525, while the upstairs unit is rented for $500. The lower unit is heated by a forced air furnace, and the upper unit is heated by a space heater. The property occupies a lot size of 0.11 acres. With some modifications, the property could be converted into a single-family dwelling.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Wyoming
    County
    Kent
    State
    Michigan
    Longitude
    -85.69125
    Latitude
    42.937306

    Nearby Similar for Sale

    • $250,000
      Pending

      Well-Kept Duplex in Wyoming, MI

      Two-unit duplex with separate utilities, move-in ready condition, great location.
      1750 Godfrey Ave SW, Wyoming, MI 49509
      View Details
    • $599,900
      0.28 Acres

      Turn-Key Wyoming Triplex Investment

      Meticulously maintained, all-brick triplex with long-term tenants and upside potential.
      1890 30Th St SW, Wyoming, MI 49519
      View Details
    • $255,000
      Pending

      Wyoming Duplex with Two Units

      Duplex in Wyoming with two units, perfect for investors.
      1750 Berkley Ave SW, Wyoming, MI 49509
      View Details
    • $15,500,000

      Wyoming Industrial Campus with Cranes

      204,765 SF industrial facilities on 10 acres.
      2768 Remico St SW, Wyoming, MI 49519
      View Details
    • $495,000
      2,460 SF

      Turn-Key Restaurant Opportunity

      Fully equipped restaurant for sale with recent upgrades and high potential.
      128 28Th St SW, Wyoming, MI 49548
      View Details
    • $456,000
      1,415 SF

      Executive Ranch Condominium in Grandville

      New construction condominium with customizable floor plans and quality amenities.
      552 Sunvale Ct, Wyoming, MI 49418
      View Details
    • Contact for pricing
      1,854 SF

      New Construction Townhome Style Condominium

      Spacious 3-bedroom, 2.5-bath condominium with modern amenities and community features.
      3351 Kings River St SW, Wyoming, MI 49418
      View Details
    • $494,500
      1,532 SF

      Executive Ranch Condominium in Grandville

      New construction condominium with customizable floor plan and quality amenities.
      581 Sunvale Ct, Wyoming, MI 49418
      View Details
    • $419,000
      1,208 SF

      Executive Ranch Condominium in Grandville

      New construction condominium with customizable floor plan and quality amenities.
      594 Sunvale Ct, Wyoming, MI 49418
      View Details
    • $455,000
      1,412 SF

      Executive Ranch Condominium in Grandville

      New construction executive ranch condominium with customization options in Georgetown Twp.
      580 Sunvale Ct, Wyoming, MI 49418
      View Details
    • New
      $1,000,000
      5,570 SF

      Wyoming Commercial Property For Sale

      Commercial property in Wyoming, MI, with multiple business opportunities.
      Anywhere St SW, Wyoming, MI 49509
      View Details
    • $649,900

      High-Visibility Corner Commercial Building

      Commercial property in high-visibility corner location along major business corridor.
      3158 S Division Ave, Wyoming, MI 49548
      View Details

    FAQs

    What type of property is this?
    Duplex - Duplex in Wyoming, MI, requiring significant repairs and modifications.
    Where is this duplex located?
    The property is located at 1459 Godfrey Ave SW Wyoming, MI.
    What is the asking price?
    The asking price for this property is $159,900.
    What are key features of this property?
    This property features: - Potential for conversion into a single-family dwelling.; - Existing rental income from two units.; - Natural gas available.
    (616) 437-1415
    Request Owner's contact information
    1459 Godfrey Ave SW Wyoming, MI 49509
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1459 Godfrey Ave SW
    Wyoming, MI 49509
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1459 Godfrey Ave SW Wyoming, MI 49509
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Anthony DeBartolo
    (616) 437-1415
    Learn more
    Google sign-in failed. Please try again or use another login method.