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2-Unit Duplex with Garage
New
For Sale
$310,000

1131 Race St NE, Grand Rapids, MI 49503

Both residences have two bedrooms and one bath, with shared laundry and separate gas and electric service.

Property SizeContact for details
Days on Market4

Property Features for 1131 Race St NE

General Information

Standard status Active
Property subtype Investment

Site & Location

Highway Access Yes
Public Transit Yes
Utilities to Site Yes

Units

Unit Mix 2 x 2BR/1BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $2,365

Amenities

shared laundry
porch or deck
fenced in yard

Building Details

Year Built 1910
Units 2
Listed By: Mark C DuBridge
Source: Elliman
Added: Oct 4 Last Checked: Oct 5 at 6:30PM

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 Mark C DuBridge

Investment Insights

Based on property information with market context.

This two-unit duplex, built in 1910, has two-bedroom, one-bath residences. The property includes shared laundry, separate gas and electric service, vinyl siding, newer windows, and a porch or deck for each unit. A fenced yard and 1 1/2-stall garage are also on site.

At 1131 Race St NE in Grand Rapids, the property is near downtown and offers expressway access. Coffee and a local pub are within walking distance.

Key Highlights

  • Two units, each with 2 bedrooms and 1 bath
  • Separate gas and electric service; shared laundry
  • Fenced yard and 1 1/2‑stall garage

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Building Supply Big Box & Wholesale Store Nail Salon

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
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

593
Businesses Nearby

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
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 have two bedrooms and one bath, with shared laundry and separate gas and electric service.
Where is this duplex located?
The property is located at 1131 Race St NE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bath; Separate gas and electric service; shared laundry; Fenced yard and 1 1/2‑stall garage
More about this property
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