Turn-Key Duplex Income
New
For Sale
$269,000
214 Delaware St SE, Grand Rapids, MI 49507
Turn-key duplex with two 2-bed, 1-bath units, separately metered and updated through a 2020 renovation to the studs.
Days on Market7
Property Features for 214 Delaware St SE
General Information
Standard status
Active
Property subtype
Investment
Occupancy
100%
Additional Details
Multifamily Units
2
Building Details
Year Built
1908
Year Renovated
2020
Listing Agency:
Berkshire Hathaway HomeServices Michigan Real Estate
(616) 291-1927
Listed By:
Donna K Anders · License #6501233200
(616) 291-1927
Source:
Elliman
Added: Jul 26
Changed: Jul 27
Last Checked: Aug 1 at 11:54AM
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 Berkshire Hathaway HomeServices Michigan Real Estate
Investment Insights
Based on property information with market context.
This turn-key duplex is configured with two separate 2-bedroom, 1-bath units. The property was brought down to the stud line in 2020 with new electric, plumbing, paint, and furnaces. Each unit has its own gas and electric meters. The lower unit also provides access to the basement and garage.
Both units are currently rented, generating just under $2400 per month. A rental certification is in the process of being renewed and is expected to be transferable to new owner(s).
Ownership offers a straightforward duplex setup with independent utilities and a recent core systems renovation completed in 2020.
Both units are currently rented, generating just under $2400 per month. A rental certification is in the process of being renewed and is expected to be transferable to new owner(s).
Ownership offers a straightforward duplex setup with independent utilities and a recent core systems renovation completed in 2020.
Key Highlights
- Two 2‑bed, 1‑bath units in a duplex built in 1908
- Both units rented for just under $2,400 per month
- Renovated to the studs in 2020 with new electric, plumbing, paint, and furnaces
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
501
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Turn-key duplex with two 2-bed, 1-bath units, separately metered and updated through a 2020 renovation to the studs.
Where is this duplex located?
The property is located at 214 Delaware St SE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Two 2‑bed, 1‑bath units in a duplex built in 1908; Both units rented for just under $2,400 per month; Renovated to the studs in 2020 with new electric, plumbing, paint, and furnaces
