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City-Certified Duplex Income Property
For Sale
$247,000

238 Travis St NE, Grand Rapids, MI 49505

Turnkey, city-certified duplex with separate electric meters and two fully occupied rental units.

Property SizeContact for details
Days on Market54

Property Features for 238 Travis St NE

General Information

Standard status Active
Property subtype Investment
Occupancy 100%

Site & Location

Highway Access Yes
Fenced Yard Yes

Additional Details

Business Included Yes
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $4,221

Building Details

Year Built 1900
Units 2
Tenancy Multi
Listing Agency: City2Shore Real Estate (GR)
Listed By: Abisai Munoz
Source: Elliman
Added: Jul 10 Changed: Aug 21 Last Checked: Aug 30 at 9:10PM

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 City2Shore Real Estate (GR)

Investment Insights

Based on property information with market context.

This turnkey duplex offers two separate units with dedicated utility separation, including separate electric meters and a split for gas, water, and sewer. The main level unit includes two bedrooms and one bathroom, with spacious living and dining areas, a partial basement, and exclusive use of the driveway and backyard. The upper unit features one bedroom and one bathroom.

The property sits in the Creston neighborhood in NE Grand Rapids and is described as being minutes from downtown as well as shopping, restaurants, parks, and major highways. A large fenced backyard and storage shed are included.

City certification is in place through January 2028, and the duplex is fully occupied per the provided remarks.

Key Highlights

  • City‑certified duplex with both units fully occupied, generating $2,325/month in gross rental income
  • Unit 1: 2 bed, 1 bath; rents for $1,425/month; includes living and dining areas, partial basement, large fenced backyard and storage shed
  • Unit 2: 1 bed, 1 bath; rents for $900/month

Property Analytics

Current Use

Shelden's Home-Style Restaurant

Suggested Use

Top Pick Nail Salon Dental Office Kitchen & Bath Showroom Parking Lot & Garage Cafe & Coffee Shop Pharmacy

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
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Fenced yard
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

580
Businesses Nearby

Demographics for 49505, MI

31,444
Population
14,197
Households
2.2
Avg Household Size
36
Median Age
40%
College-Educated
96%
High-School Grad
8.8 sq mi
ZIP Area
3,573
Density / Sq Mi
$71,692
Median Household Income
$43,778
Median Earnings
$1,248
Median Rent
$227,900
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 - Turnkey, city-certified duplex with separate electric meters and two fully occupied rental units.
Where is this duplex located?
The property is located at 238 Travis St NE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $247,000.
What are key features of this property?
This property features: City‑certified duplex with both units fully occupied, generating $2,325/month in gross rental income; Unit 1: 2 bed, 1 bath; rents for $1,425/month; includes living and dining areas, partial basement, large fenced backyard and storage shed; Unit 2: 1 bed, 1 bath; rents for $900/month
More about this property
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