Side-by-Side Duplex With
701-703 Coleman Street SE, Grand Rapids, MI 49548
New
MULTI_FAMILY - Grand Rapids, MI
Property size:
2,600 SFLot size:
0.27 AcresPrice / SF:
$149/SF- Added:
- Jun 18, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 22 at 3:06 pm
Property Features for 701-703 Coleman Street SE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Rooms
- Bathroom 2, Bedroom 5, Bedroom 6, Basement, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 4
- Parking
- 4
- Basement
- Walk-Out Access
- Standard status
- Active
- APN
- 412207428014
- Lot size
- 0.27 Acres
Taxes and HOA fees
- Tax Year
- 2016
- Tax Description
- LOT 23 * SHADY CREEK PLAT NO.2
- Tax Annual Amount
- 4762
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1976
- Number of units
- 2
- Building materials
- Aluminum Siding, Brick
- Roof type
- Composition
Listing agent Kyle J Kimble License #6501408446 (616) 706-6086
Listing office MOXIE Real Estate + Development 3883 Clay Ave SW, Rockford, MI (616) 890-7794
Listing date Jun 18, 2026
MLS# 26030439
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.
HighLights
- Side‑by‑side duplex built in 1976 in Byron Center School District (quiet, low‑traffic street).
- Each unit has 3 bedrooms, 1 bathroom, and approximately 1,300 SF of finished living space.
- Separate utilities for each unit: separately metered water/sewer, plus gas and electric service.
- Central air in both units; forced‑air heating throughout.
- Major mechanical updates completed with newer furnaces, water heaters, and an A/C condenser.
- Construction includes aluminum siding and brick; roof is composition.
Overview
This property is a well-maintained side-by-side duplex configured as two separate units. Each unit includes 3 bedrooms and 1 bathroom with approximately 1,300 square feet of finished living space. The home has had major mechanical updates completed, including newer furnaces, water heaters, and an A/C condenser, which can help reduce near-term capital needs. Both units also have central air conditioning, separately metered water and sewer, and individual gas and electric service. Additional storage is provided, and the backyard features a tranquil stream.
The duplex is located at 701–703 Coleman Street SE in Grand Rapids, MI 49548. The property is described as being on a quiet, low-traffic street with single-family homes nearby and is within the Byron Center School District. It is also noted that the duplex can be purchased together with 661/663 Coleman St. SE, located three parcels down the street.
From an owner-occupant or investor perspective, the layout supports living in one unit while renting the other. Separately metered water and sewer and individually served gas and electric can simplify tenant billing and operating logistics. The completed mechanical improvements provide a practical foundation for long-term ownership with less immediate work expected on core systems.
The duplex is located at 701–703 Coleman Street SE in Grand Rapids, MI 49548. The property is described as being on a quiet, low-traffic street with single-family homes nearby and is within the Byron Center School District. It is also noted that the duplex can be purchased together with 661/663 Coleman St. SE, located three parcels down the street.
From an owner-occupant or investor perspective, the layout supports living in one unit while renting the other. Separately metered water and sewer and individually served gas and electric can simplify tenant billing and operating logistics. The completed mechanical improvements provide a practical foundation for long-term ownership with less immediate work expected on core systems.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.1k | $16.20 |
| − Vacancy | −$2.7k | −$1.05 |
| EGI | $39.4k | $15.15 |
| − OpEx | −$11.8k | −$4.54 |
| NOI | $27.6k | $10.60 |
2,600 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$393.8K
$344.6K – $459.5K
NOI $27,568 @ 7.0% cap · market cap 7.09%
Second Best
Apartment 5plus
$352.6K
$308.5K – $411.3K
NOI $24,680 @ 7.0% cap · market cap 6.34%
Theoretical Best
Specialty Retail
$603.4K
$528.0K – $704.0K
NOI $42,237 @ 7.0% cap · market cap 10.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Grand Rapids
- County
- Kent
- State
- Michigan
- Longitude
- -85.646948
- Latitude
- 42.830558
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Well-maintained side-by-side duplex with central air and separately metered utilities, offering strong flexibility for occupancy or rent.
Where is this duplex located?
The property is located at 701-703 Coleman Street SE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Side‑by‑side duplex built in 1976 in Byron Center School District (quiet, low‑traffic street).; Each unit has 3 bedrooms, 1 bathroom, and approximately 1,300 SF of finished living space.; Separate utilities for each unit: separately metered water/sewer, plus gas and electric service.
