Updated Duplex with Detached
New
For Sale
$370,000
541 Coit Ave NE, Grand Rapids, MI 49503
A refreshed lower residence pairs with an occupied upper unit for flexible ownership and rental use.
Property SizeContact for details
Days on Market4
Property Features for 541 Coit Ave NE
General Information
Standard status
Active
Total Parking Spaces
2
Property subtype
Investment
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,954
Building Details
Year Built
1875
Units
2
Listing Agency:
(616) 218-5062
Listed By:
Christopher J Timmer
(616) 218-5062
Source:
Elliman
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 11 at 8:25AM
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 Christopher J Timmer
Investment Insights
Based on property information with market context.
This two-unit property includes a vacant lower residence with refreshed interiors and a practical layout featuring a kitchen, living room, two bedrooms, and a full bathroom. The occupied upper residence adds three bedrooms and one full bathroom, creating a mix of immediate occupancy and available living space. A detached two-stall garage is also included.
Built in 1875, the property is located at 541 Coit Ave NE in Grand Rapids, near downtown, the Medical Mile, dining, shopping, and major healthcare hubs. Walk Score is 79, rated Very Walkable; Bike Score is 53, rated Bikeable; and Transit Score is 35, rated Some Transit.
Built in 1875, the property is located at 541 Coit Ave NE in Grand Rapids, near downtown, the Medical Mile, dining, shopping, and major healthcare hubs. Walk Score is 79, rated Very Walkable; Bike Score is 53, rated Bikeable; and Transit Score is 35, rated Some Transit.
Key Highlights
- Two‑unit property with a vacant lower residence and occupied upper residence
- Lower unit includes 2 bedrooms, 1 full bathroom, kitchen, and living room
- Upper unit offers 3 bedrooms and 1 full bathroom
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,353
Businesses Nearby
Explore this area
Business Placement
Demographics for 49503, MI
39,344
Population
19,017
Households
2.1
Avg Household Size
30
Median Age
44%
College-Educated
88%
High-School Grad
7.3 sq mi
ZIP Area
5,390
Density / Sq Mi
$61,734
Median Household Income
$36,694
Median Earnings
$1,207
Median Rent
$224,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - A refreshed lower residence pairs with an occupied upper unit for flexible ownership and rental use.
Where is this duplex located?
The property is located at 541 Coit Ave NE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Two‑unit property with a vacant lower residence and occupied upper residence; Lower unit includes 2 bedrooms, 1 full bathroom, kitchen, and living room; Upper unit offers 3 bedrooms and 1 full bathroom
