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Vacant Two-Unit Duplex
For Sale
$224,900

506 Dickinson Street SE, Grand Rapids, MI 49507

Both residences are vacant, with newer cabinetry and separate laundry serving the main-floor unit.

Property SizeContact for details
Days on Market9

Property Features for 506 Dickinson Street SE

General Information

Standard status Active
Property subtype Multi Family

Property Condition

Severity Repairs Needed
Evidence unfinished projects

Units

Unit Mix 1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units 2
Listing Agency: Five Star Real Estate (Grandv)
Listed By: Jacob M Walter
Source: Charterpropertiesgr
Added: Sep 5 Changed: Sep 8 Last Checked: Sep 12 at 7:23AM

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 Five Star Real Estate (Grandv)

Investment Insights

Based on property information with market context.

Built in 1890, this two-unit duplex includes a 1,040-square-foot main-floor residence with two bedrooms, one bathroom, a kitchen featuring newer cabinets and a large island, a dining area, and a dedicated laundry room. The upper residence offers one bedroom, one bathroom, and newer kitchen cabinets. Both units are currently vacant, and the property includes unfinished projects for a buyer to complete.

The duplex is located at 506 Dickinson St SE in Grand Rapids, near Dickinson Elementary School. Walk Score is 75, Bike Score is 68, and Transit Score is 39. The roof was replaced in 2026.

Key Highlights

  • Two‑unit duplex at 506 Dickinson St SE, Grand Rapids, MI 49507
  • Main‑floor unit measures 1,040 sq. ft. with 2 bedrooms and 1 bathroom
  • Upper unit includes 1 bedroom and 1 bathroom

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Dental Office Skin Care Clinic

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

501
Businesses Nearby

Demographics for 49507, MI

38,137
Population
13,773
Households
2.8
Avg Household Size
30
Median Age
27%
College-Educated
78%
High-School Grad
5.5 sq mi
ZIP Area
6,934
Density / Sq Mi
$56,578
Median Household Income
$34,939
Median Earnings
$1,114
Median Rent
$179,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Both residences are vacant, with newer cabinetry and separate laundry serving the main-floor unit.
Where is this duplex located?
The property is located at 506 Dickinson Street SE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: Two‑unit duplex at 506 Dickinson St SE, Grand Rapids, MI 49507; Main‑floor unit measures 1,040 sq. ft. with 2 bedrooms and 1 bathroom; Upper unit includes 1 bedroom and 1 bathroom
More about this property
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