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Renovated Triplex with On-Site Laundry
New
For Sale
$315,000

1340 Plainfield Avenue NE, Grand Rapids, MI 49505

MULTI_FAMILY - Grand Rapids, MI

Property SizeContact for details
Lot Size0.14 Acres
Days on Market4

Property Features for 1340 Plainfield Avenue NE

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description Residential
Bedrooms 5
Full bathrooms 3
Rooms Bathroom 1, Bedroom 5, Bathroom 3, Bedroom 2, Basement, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 1
Parking 2
Basement Full
Elementary school district Grand Rapids
Middle school district Grand Rapids
High school district Grand Rapids
Standard status Active
APN 411418357005
Lot size 0.14 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description LOT 8 BLK 5 EXCEPT E 40 FT* HOGEBOOM S SECOND ADDITION
Tax Annual Amount 4626
Legal Description LOT 8 BLK 5 EXCEPT E 40 FT* HOGEBOOM S SECOND ADDITION

Utilities

Heating system Forced Air, Wall Furnace

Building Details

Year built 1900
Number of units 3
Building materials Wood Siding
Roof type Composition
Listing Agency: Edison Brokers & Co LLC
Listed By: Mitchell D Luban · License #6506047711
Added: Aug 19 Last Checked: Aug 22 at 11:06PM
MLS# 26043692

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 triplex includes three units, with Units 1 and 2 recently renovated and vacant. The property offers five bedrooms, three bathrooms, a basement, and on-site laundry. Heating is provided by forced air and wall furnace systems, with wood siding and a composition roof. Built in 1900, the building sits on a 0.14-acre parcel.

Located at 1340 Plainfield Avenue NE in Grand Rapids, the property is near dining, parks, Downtown Grand Rapids, and major highways. Units 1, 2, and the common areas are available for tours; access to Unit 3 follows an accepted offer.

Key Highlights

  • Three‑unit multifamily property on a 0.14‑acre parcel
  • Units 1 and 2 recently renovated and vacant
  • Five bedrooms and three bathrooms

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Dental Office Nail Salon Pharmacy Cafe & Coffee Shop (Bike/Boat/Book/etc) Store Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

930
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?
Triplex - Two updated vacant units offer immediate occupancy flexibility, while split utilities reduce landlord-paid operating costs.
Where is this triplex located?
The property is located at 1340 Plainfield Avenue NE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Three‑unit multifamily property on a 0.14‑acre parcel; Units 1 and 2 recently renovated and vacant; Five bedrooms and three bathrooms
More about this property
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