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Two-Unit Duplex Near Downtown
New
For Sale
$299,000

1057 Bridge Street NW, Grand Rapids, MI 49504

Two two-bedroom residences provide separate front and rear access, with recent improvements to the upper unit.

Property SizeContact for details
Days on Market3

Property Features for 1057 Bridge Street NW

General Information

Standard status Active
Property subtype Multi Family

Site & Location

Road Access Yes
Public Transit Yes

Units

Unit Mix 2 x 2BR/1BA
Multifamily Units 2
Listing Agency: Bellabay Realty (North)
Listed By: Rebecca L Zahm
Source: Brendaharrisgroup
Added: Oct 16 Last Checked: Oct 16 at 5:35AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bellabay Realty (North)

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Investment Insights

Based on property information with market context.

This 1890 duplex contains two units, each configured with two bedrooms, one full bathroom and living areas. The upper residence has new carpet and windows. Both units have entrances at the front and rear of the building.

The property is on Bridge Street in Grand Rapids, with nearby dining, retail, breweries and entertainment destinations. Downtown Grand Rapids, the Medical Mile, GVSU’s downtown campus and the Grand River are a short distance away. Walk Score is 91, Bike Score is 69 and Transit Score is 62.

Updates include a roof replaced within approximately the past 10 years, along with a newer furnace and water heater. The property holds a City of Grand Rapids rental certification with time remaining on the certificate.

Key Highlights

  • Two units, each with 2 bedrooms and 1 full bath
  • 1890 construction
  • Upper unit has new carpet and windows

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Dental Office Spa & Massage Center Real Estate Agency Nail Salon Building Supply Skin Care Clinic

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
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

503
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

Frequently Asked Questions

What type of property is this?
Duplex - Two two-bedroom residences provide separate front and rear access, with recent improvements to the upper unit.
Where is this duplex located?
The property is located at 1057 Bridge Street NW Grand Rapids, MI.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 full bath; 1890 construction; Upper unit has new carpet and windows
More about this property
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