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Duplex with Separate Utility Meters
For Sale
$219,000

1242 Alpine Avenue NW, Grand Rapids, MI 49504

Both apartments are occupied, with off-street parking and access to public transportation.

Property SizeContact for details
Days on Market139

Property Features for 1242 Alpine Avenue NW

General Information

Standard status Active
Property subtype 2 to 4 Units
Occupancy 100%

Site & Location

Neighborhood West Grand
Public Transit Yes
Utilities to Site Yes

Units

Unit Mix 2 x 1BR/1BA
Multifamily Units 2
Individually Metered Utilities unspecified utilities

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $2,078

Amenities

off-street parking

Building Details

Year Built 1880
Buildings 1
Listing Agency: Edison Brokers & Co LLC
Listed By: Kyle P Naumann · License #6502426806
Source: Carinirealtors
Added: Jun 14 Changed: Oct 28 Last Checked: Oct 26 at 3:13PM

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 Edison Brokers & Co LLC

Rey
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Investment Insights

Based on property information with market context.

Built in 1880, this up-and-down duplex contains two apartments, each configured with one bedroom and one bathroom. Utilities are separately metered, and the property includes off-street parking. Both units are occupied.

The property is on Alpine Avenue NW in Grand Rapids, near downtown, employers, shopping, restaurants, and public transportation.

Key Highlights

  • Two apartments, each with 1 bedroom and 1 bathroom
  • Up‑and‑down duplex configuration
  • Separate utility meters

Property Analytics

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Lease Details

2
Residential units
100%
Occupancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

675
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 - Both apartments are occupied, with off-street parking and access to public transportation.
Where is this duplex located?
The property is located at 1242 Alpine Avenue NW Grand Rapids, MI.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: Two apartments, each with 1 bedroom and 1 bathroom; Up‑and‑down duplex configuration; Separate utility meters
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