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Two-Unit Ranch Duplex
New
For Sale
$320,000

2317 Nelson Avenue Se, Grand Rapids, MI 49507

Each residence includes private basement space for laundry or storage.

Property SizeContact for details
Days on Market5

Property Features for 2317 Nelson Avenue Se

General Information

Standard status Active
Property subtype Residential Income

Units

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

Taxes and HOA fees

Annual Taxes $2,940

Building Details

Construction ranch
Listing Agency: 616 Realty LLC
Listed By: Charlene Hammontree · License #6506047217
Source: Exprealty
Added: Oct 8 Changed: Oct 11 Last Checked: Oct 11 at 5:29AM

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 616 Realty LLC

Investment Insights

Based on property information with market context.

This 1955 duplex in Grand Rapids contains two ranch-style residences, each with two bedrooms, one full bathroom, a kitchen and a living room. Separate basement areas provide storage and laundry space. Each unit has its own furnace and water heater, and both have received updates; one includes a newer walk-in shower.

Tenants are responsible for gas and electric service, while the owner pays water and sewer. A lease is available for review.

Key Highlights

  • Two residences, each with 2 bedrooms and 1 full bathroom
  • Separate basement areas provide laundry and storage space
  • Each unit has its own furnace and water heater

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Dental Office Law Firm Big Box & Wholesale 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

292
Businesses Nearby

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
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 - Each residence includes private basement space for laundry or storage.
Where is this duplex located?
The property is located at 2317 Nelson Avenue Se Grand Rapids, MI.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 full bathroom; Separate basement areas provide laundry and storage space; Each unit has its own furnace and water heater
More about this property
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