Updated Duplex with Separate
For Sale
$309,000
129 Palmer St NE, Grand Rapids, MI 49505
Two residential units feature dedicated utility systems, in-unit laundry, and rear off-street parking.
Property SizeContact for details
Days on Market52
Property Features for 129 Palmer St NE
General Information
Standard status
Active
Property subtype
Investment
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,707
Amenities
in-unit washer and dryer
Building Details
Year Built
1920
Units
2
Listing Agency:
Bellabay Realty LLC
(616) 430-9374
Listed By:
Leanna Barker
(616) 430-9374
Source:
Elliman
Added: Jul 12
Changed: Aug 31
Last Checked: Aug 31 at 2:40PM
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 Bellabay Realty LLC
Investment Insights
Based on property information with market context.
Built in 1920, this duplex includes two residential units with separate electric panels, gas meters, heating systems, water heaters, and in-unit washers and dryers. Recent work includes a furnace installed in 2023, along with new kitchen countertops and flooring in Unit 2. A current Certificate of Compliance transfers to the next owner.
The property is located in Grand Rapids’ Creston neighborhood, with rear off-street parking available for residents. Unit 1 has a lease ending July 31, creating flexibility for an owner-occupant or continued rental operation. The property has a walk score of 79, a bike score of 53, and a transit score of 35.
The property is located in Grand Rapids’ Creston neighborhood, with rear off-street parking available for residents. Unit 1 has a lease ending July 31, creating flexibility for an owner-occupant or continued rental operation. The property has a walk score of 79, a bike score of 53, and a transit score of 35.
Key Highlights
- Duplex built in 1920 with two residential units
- Separate electric panels, gas meters, heating systems, and water heaters for each unit
- In‑unit washers and dryers in both units
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
594
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature dedicated utility systems, in-unit laundry, and rear off-street parking.
Where is this duplex located?
The property is located at 129 Palmer St 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 built in 1920 with two residential units; Separate electric panels, gas meters, heating systems, and water heaters for each unit; In‑unit washers and dryers in both units
