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Updated Duplex with Separate Utilities
For Sale
$309,000

129 Palmer Street NE, Grand Rapids, MI 49505

Multi Family, Grand Rapids, MI

Property SizeContact for details
Lot Size0.15 Acres
Days on Market53

Property Features for 129 Palmer Street NE

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description Residential
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 1, Bedroom 4, Basement, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 3
Parking 4
Elementary school district Grand Rapids
Middle school district Grand Rapids
High school district Grand Rapids
Directions Ann to Coit. South on Coit West on Palmer
Standard status Active
APN 41-14-18-152-020
Lot size 0.15 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description W 33 FT OF LOT 6 BLK 4 & E 16 FT OF LOT 7 BLK 4* COMSTOCK S PLAT
Tax Annual Amount 4707
Legal Description W 33 FT OF LOT 6 BLK 4 & E 16 FT OF LOT 7 BLK 4* COMSTOCK S PLAT

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Forced Air, Wall Furnace

Amenities

in-unit washers and dryers

Building Details

Year built 1920
Number of units 2
Building materials Vinyl Siding
Roof type Composition
Listing Agency: Bellabay Realty LLC
Listed By: Leanna Barker
Added: Jul 10 Changed: Aug 23 Last Checked: Aug 31 at 10:06PM
MLS# 26035145

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 duplex, built in 1920, occupies a 0.15-acre lot and has vinyl siding, a composition roof, forced-air and wall-furnace heating, and a basement. Recent improvements include a new furnace installed in 2023, along with new kitchen countertops and flooring in Unit 2. Each residence has its own electric panel, gas meter, heating system, water heater, and in-unit washer and dryer.

The property includes rear off-street parking and is served by public sewer, with cable available. A Certificate of Compliance has been issued and transfers to the new owner. Unit 1 is currently leased on a month-to-month basis, while the second unit's lease status is not specified.

Key Highlights

  • Duplex on a 0.15‑acre lot, built in 1920
  • New furnace installed in 2023
  • Unit 2 has new kitchen countertops and flooring

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Nail Salon Parking Lot & Garage Daycare Center 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

Location Intelligence

Trade Area within ½ mile

594
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 - Two units provide separate electric, gas, heating, water heating, and laundry systems.
Where is this duplex located?
The property is located at 129 Palmer Street NE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $309,000.
What are key features of this property?
This property features: Duplex on a 0.15‑acre lot, built in 1920; New furnace installed in 2023; Unit 2 has new kitchen countertops and flooring
More about this property
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