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Duplex with Unfinished Attic
New
For Sale
$499,900

1215 Lake Drive SE, Grand Rapids, MI 49506

Multi Family, Grand Rapids, MI

Property SizeContact for details
Lot Size0.15 Acres
Days on Market5

Property Features for 1215 Lake Drive SE

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 1, Bathroom 2, Bedroom 3, Bedroom 4, Basement, Bedroom 2, Bathroom 1
Parking 3
Parking features Driveway
Basement Daylight, Full
Lot features Sidewalk, Corner Lot
Elementary school district Grand Rapids
Middle school district Grand Rapids
High school district Grand Rapids
Directions East on Lake Dr from Fuller, North on Auburn. Property on NW corner of Auburn/Lake
Standard status Active
APN 41-14-29-404-027
Lot size 0.15 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description 411429404027 PART OF LOTS 19 & 20 BLK 6 COM ON W LINE AUBURN AVE 43.20 FT S OF NE COR SD LOT 19 TH N 89D 16M W 76.50 FT TH S 1D 24M W 75.66 FT TO NLY LINE LAKE DR TH SELY ALONG NLY LINE SD DR 81.0 FT TO W LINE OF AUBURN AVE TH N ALONG SD W LINE 95.0 FT TO BEG* L S BOYNTON ADDITION
Tax Annual Amount 5880
Legal Description 411429404027 PART OF LOTS 19 & 20 BLK 6 COM ON W LINE AUBURN AVE 43.20 FT S OF NE COR SD LOT 19 TH N 89D 16M W 76.50 FT TH S 1D 24M W 75.66 FT TO NLY LINE LAKE DR TH SELY ALONG NLY LINE SD DR 81.0 FT TO W LINE OF AUBURN AVE TH N ALONG SD W LINE 95.0 FT TO BEG* L S BOYNTON ADDITION

Utilities

Utilities Phone Available
Sewer type Public Sewer
Heating system Steam, Hot Water(Heating), Radiant
Cooling system Window Unit(s), Ductless

Amenities

private covered front porch
rear deck
private deck
fully fenced backyard
shared basement with laundry
off-street parking

Building Details

Year built 1910
Number of units 2
Building materials Brick
Roof type Composition
Listing Agency: Greenridge Realty (EGR)
Listed By: Wyatt Martin
Added: Aug 27 Last Checked: Aug 31 at 11:06PM
MLS# 26045423

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 brick duplex, built in 1910, contains two two-bedroom, one-bath apartments. The upper residence is vacant and includes hardwood flooring, living and dining areas, a covered front porch, and a rear deck. Its 996-square-foot unfinished attic provides additional interior space, subject to required approvals. The lower apartment has hardwood floors, a functional kitchen, direct deck access, and use of a fully fenced backyard. Both units share a basement with laundry and storage areas.

The property occupies 0.15 acres and includes driveway parking, a composition roof, public sewer, steam, hot water, and radiant heating, along with window-unit and ductless cooling. Its Lake Drive SE location is within walking distance of Eastown, the Cherry Street business district, Fulton Street Farmers Market, restaurants, shops, and neighborhood amenities.

Key Highlights

  • Two‑unit duplex with two bedrooms and one full bath in each apartment
  • Upper apartment is vacant and includes a covered front porch and rear deck
  • 996‑square‑foot unfinished attic, subject to necessary approvals

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Kitchen & Bath Showroom Auto Parts Store Electrical Service Building Supply (Bike/Boat/Book/etc) Store

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

Location Intelligence

Trade Area within ½ mile

1,101
Businesses Nearby

Demographics for 49506, MI

33,050
Population
13,262
Households
2.5
Avg Household Size
34
Median Age
67%
College-Educated
97%
High-School Grad
7.3 sq mi
ZIP Area
4,527
Density / Sq Mi
$112,287
Median Household Income
$48,631
Median Earnings
$1,305
Median Rent
$338,600
Median Home Value

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 - One apartment is vacant, while the other is occupied under a month-to-month lease.
Where is this duplex located?
The property is located at 1215 Lake Drive SE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two‑unit duplex with two bedrooms and one full bath in each apartment; Upper apartment is vacant and includes a covered front porch and rear deck; 996‑square‑foot unfinished attic, subject to necessary approvals
More about this property
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