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Two-Unit Duplex with On-Site Laundry
For Sale
$284,900

1448 Broadway Avenue NW, Grand Rapids, MI 49504

Both residences are leased, with split utilities and off-street parking.

Property SizeContact for details
Days on Market79

Property Features for 1448 Broadway Avenue NW

General Information

Standard status Active
Property subtype 2 to 4 Units
Occupancy 100%

Site & Location

Neighborhood West Grand

Units

Multifamily Units 2
Individually Metered Utilities unspecified utilities

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $4,489

Amenities

on site laundry
off street parking

Building Details

Year Built 1890
Listing Agency: Edison Brokers & Co LLC
Listed By: Mitchell D Luban · License #6506047711
Source: Carinirealtors
Added: Aug 13 Changed: Oct 26 Last Checked: Oct 26 at 11:41AM

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 Edison Brokers & Co LLC

Rey
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Investment Insights

Based on property information with market context.

Built in 1890, this duplex contains two units with functional floor plans and on-site laundry. Utilities are split between the residences, and off-street parking is available. Leases are in place for both units.

The property has been professionally managed for more than five years. The current management company is open to continuing its services after a sale.

Key Highlights

  • Two‑unit duplex built in 1890
  • Both units have current leases
  • Split utilities between units

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

2
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

868
Businesses Nearby

Demographics for 49504, MI

41,249
Population
18,830
Households
2.2
Avg Household Size
33
Median Age
39%
College-Educated
90%
High-School Grad
11.1 sq mi
ZIP Area
3,716
Density / Sq Mi
$68,326
Median Household Income
$41,138
Median Earnings
$1,145
Median Rent
$222,600
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

Frequently Asked Questions

What type of property is this?
Duplex - Both residences are leased, with split utilities and off-street parking.
Where is this duplex located?
The property is located at 1448 Broadway Avenue NW Grand Rapids, MI.
What is the asking price?
The asking price for this property is $284,900.
What are key features of this property?
This property features: Two‑unit duplex built in 1890; Both units have current leases; Split utilities between units
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