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Duplex with Detached Garage
New
For Sale
$268,000

1501 College Avenue Ne, Grand Rapids, MI 49505

Two separate apartments are complemented by a full basement and off-street parking.

Property SizeContact for details
Days on Market4

Property Features for 1501 College Avenue Ne

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Multi Family
Zoning RES IMPROVED

Site & Location

Neighborhood Southeast Community

Units

Unit Mix 1 x 2BR (+1 nonconforming)/1BA, 1 x 2BR/1BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $7,934

Amenities

in-unit laundry
Michigan Basement
Yes
Main Level
No
Corner Lot
0.23
4.0
80 X 124
Unpaved
Paved
1

Building Details

Year Built 1900
Buildings 1
Listing Agency: Bellabay Realty (North)
Listed By: Caitlin VanderMeulen
Source: Ensleyteam
Added: Oct 30 Changed: Oct 31 Last Checked: Oct 31 at 3:04AM

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 (North)

Rey
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Investment Insights

Based on property information with market context.

Built in 1900, this duplex contains two apartments. The main-level unit has two bedrooms plus one nonconforming bedroom, one bathroom, and in-unit laundry. Upstairs, the second apartment offers two bedrooms and one bathroom. A 1,000-square-foot basement provides additional space, and the property is being sold as-is.

The 0.23-acre corner parcel measures 80 x 124 feet. Parking includes a detached two-stall garage and additional off-street spaces. Zoning is listed as RES IMPROVED.

Key Highlights

  • Two apartments: main‑level unit has 2 bedrooms plus 1 nonconforming bedroom; upper unit has 2 bedrooms
  • Main‑level apartment includes in‑unit laundry
  • 1,000‑square‑foot basement

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

557
Businesses Nearby

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
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 - Two separate apartments are complemented by a full basement and off-street parking.
Where is this duplex located?
The property is located at 1501 College Avenue Ne Grand Rapids, MI.
What is the asking price?
The asking price for this property is $268,000.
What are key features of this property?
This property features: Two apartments: main‑level unit has 2 bedrooms plus 1 nonconforming bedroom; upper unit has 2 bedrooms; Main‑level apartment includes in‑unit laundry; 1,000‑square‑foot basement
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