Up-Down Duplex Investment
For Sale
$220,000
1242 Alpine Ave NW, Grand Rapids, MI 49504
Fully occupied duplex with separately metered utilities and off-street parking for each tenant unit.
Property SizeContact for details
Days on Market53
Property Features for 1242 Alpine Ave NW
General Information
Standard status
Active
Property subtype
Investment
Occupancy
100%
Additional Details
Business Included
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,078
Building Details
Year Built
1880
Units
2
Tenancy
Multi
Listing Agency:
Edison Brokers & Co LLC
(616) 581-1433
Listed By:
Kyle P Naumann · License #6502426806
(616) 581-1433
Source:
Elliman
Added: Jun 21
Changed: Aug 7
Last Checked: Aug 12 at 8:33AM
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
Investment Insights
Based on property information with market context.
This fully occupied up/down duplex offers two separate residential units, each configured as a 1-bedroom, 1-bath layout. The units are served by separately metered utilities, which can help simplify ongoing expense management for the owner. The property also includes ample off-street parking, providing a practical convenience for tenants.
Located on the Northwest side of Grand Rapids, the property is described as being near downtown as well as major employers, shopping, restaurants, and public transportation. Access to everyday amenities and commuting options can be an important consideration for renters evaluating a rental corridor on the city’s west/northwest side.
For investors or owner-operators seeking a straightforward multifamily asset, this duplex presents a turnkey structure with existing occupancy and a two-unit configuration designed for separate living arrangements. The separately metered setup and tenant-friendly parking are practical operational features, while the surrounding demand drivers identified in the remarks may support ongoing rental interest.
Located on the Northwest side of Grand Rapids, the property is described as being near downtown as well as major employers, shopping, restaurants, and public transportation. Access to everyday amenities and commuting options can be an important consideration for renters evaluating a rental corridor on the city’s west/northwest side.
For investors or owner-operators seeking a straightforward multifamily asset, this duplex presents a turnkey structure with existing occupancy and a two-unit configuration designed for separate living arrangements. The separately metered setup and tenant-friendly parking are practical operational features, while the surrounding demand drivers identified in the remarks may support ongoing rental interest.
Key Highlights
- Fully occupied up/down duplex built in 1880 with two 1‑bedroom, 1‑bath units
- Separately metered utilities for the two units to help minimize owner expenses
- Off‑street parking available for tenant units
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
916
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied duplex with separately metered utilities and off-street parking for each tenant unit.
Where is this duplex located?
The property is located at 1242 Alpine Ave NW Grand Rapids, MI.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Fully occupied up/down duplex built in 1880 with two 1‑bedroom, 1‑bath units; Separately metered utilities for the two units to help minimize owner expenses; Off‑street parking available for tenant units
