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2-Unit Duplex with Off-Street Parking
New
For Sale
$349,900

1412 SE Sherman St SE, Grand Rapids, MI 49506

Two distinct apartment layouts include a larger two-bedroom lower residence and an upstairs one-bedroom unit.

Property SizeContact for details
Days on Market2

Property Features for 1412 SE Sherman St SE

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Multi-Family

Units

Unit Mix 1 x 2BR, 1 x 1BR/1BA
Multifamily Units 2
Parking per Unit 1

Amenities

hard wood floors
updated kitchen
dishwasher

Building Details

Year Built 1916
Buildings 1
Listing Agency: Ensley Real Estate
Listed By: Cornerstone Real Estate
Source: Cornerstonemi
Added: Oct 9 Changed: Oct 10 Last Checked: Oct 9 at 7:01PM

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 Ensley Real Estate

Investment Insights

Based on property information with market context.

Built in 1916, this Grand Rapids duplex contains two residences. The lower apartment has two bedrooms, hardwood floors, an updated kitchen with a dishwasher, and access to the basement. The upper apartment is configured with one bedroom and one bathroom and was previously operated as a furnished rental.

Each unit has one off-street parking space. The lower unit is occupied.

Key Highlights

  • Two‑unit duplex built in 1916
  • Lower apartment has two bedrooms, hardwood floors, and an updated kitchen with dishwasher
  • Upper residence has one bedroom and one bathroom

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Dental Office Parking Lot & Garage Kitchen & Bath Showroom Electrical Service (Bike/Boat/Book/etc) Store

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

889
Businesses Nearby

Demographics for 49506, MI

33,050
Population
13,262
Households
2.5
Avg Household Size
34
Median Age
67%
College-Educated
97%
High-School Grad
7.3 sq mi
ZIP Area
4,527
Density / Sq Mi
$112,287
Median Household Income
$48,631
Median Earnings
$1,305
Median Rent
$338,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 - Two distinct apartment layouts include a larger two-bedroom lower residence and an upstairs one-bedroom unit.
Where is this duplex located?
The property is located at 1412 SE Sherman St SE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two‑unit duplex built in 1916; Lower apartment has two bedrooms, hardwood floors, and an updated kitchen with dishwasher; Upper residence has one bedroom and one bathroom
More about this property
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