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Duplex Near Union Square
For Sale
$415,000

646 Broadway Ave NW, Grand Rapids, MI 49504

Well-maintained duplex one block from Union Square.

Property SizeContact for details
Lot Size0.07 Acres
Days on Market150

Property Features for 646 Broadway Ave NW

General Information

Standard status Active
Lot size 0.07 Acres
Property subtype Investment

Building Details

Year Built 1880
Listing Agency: RE/MAX of Grand Rapids
Listed By: John J Postma · License #114085
Source: Elliman
Added: Mar 10 Changed: Jul 6 Last Checked: Aug 6 at 8:45AM

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 RE/MAX of Grand Rapids

Investment Insights

Based on property information with market context.

This well-maintained duplex is located one block from Union Square and a few minutes from the Bridge Street Entertainment District. A new roof was installed in 2021 for $30,000. New siding and aluminum wrap were installed for $55,000. The owners have invested $100,000 in new windows, an updated kitchen, a laundry room, a bathroom, a furnace, paint, carpet, and refinished floors. The property is ideal for an owner occupant. Off-street parking is available. The main floor is vacant. The lot is of an unusual shape.

Key Highlights

  • Prime location: One block from Union Square and minutes from the Bridge Street Entertainment District.
  • Substantial recent renovations:** $100k spent on updates including new windows, updated kitchen, laundry room, bathroom, furnace, paint, carpet, and refinished floors.
  • Significant exterior upgrades:** New roof (2021), new siding, and aluminum wrap.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Carpet & Flooring Store Locksmith Grocery & Convenience Store (Bike/Boat/Book/etc) Store Pet Grooming Service

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

Location Intelligence

Trade Area within ½ mile

386
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

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Duplex - Well-maintained duplex one block from Union Square.
Where is this duplex located?
The property is located at 646 Broadway Ave NW Grand Rapids, MI.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Prime location: One block from Union Square and minutes from the Bridge Street Entertainment District.; Substantial recent renovations:** $100k spent on updates including new windows, updated kitchen, laundry room, bathroom, furnace, paint, carpet, and refinished floors.; Significant exterior upgrades:** New roof (2021), new siding, and aluminum wrap.
More about this property
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