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Occupied Duplex with Separate Utilities
New
For Sale
$428,000

2931-2933 Okemos Dr SE, Grand Rapids, MI 49546

Two well-configured rental units offer private outdoor areas, laundry, garage access, and individually controlled heating and cooling.

Property SizeContact for details
Days on Market1

Property Features for 2931-2933 Okemos Dr SE

General Information

Standard status Active
Property subtype Investment
Occupancy 100%

Units

Unit Mix 2 x 3BR/1BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $5,194

Amenities

central air
fireplace
private outdoor space
garage access
laundry

Building Details

Year Built 1966
Buildings 1
Units 2
Tenancy Multi
Listed By: Junior Martinez
Source: Elliman
Added: Sep 19 Last Checked: Sep 19 at 8:57AM

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 Junior Martinez

Investment Insights

Based on property information with market context.

Built in 1966, this duplex contains two 3-bedroom, 1-bath units with established occupancy. Each residence includes central air, its own heating system, a fireplace, private outdoor space, laundry, and garage access. Separate utilities serve the units, while tenants are responsible for electric, gas, water, sewer, and trash.

The property is located at 2931-2933 Okemos Dr SE in Grand Rapids, Michigan. Walk Score is 32, with a Car-Dependent designation; Bike Score is 50, classified as Bikeable; and Transit Score is 36, identified as Some Transit. The duplex may be purchased individually or together with the two-duplex portfolio that includes 2435-2437 Edgewood Ave SE.

Key Highlights

  • Two 3‑bedroom, 1‑bath units with full occupancy
  • Central air, separate heating systems, and fireplaces in both units
  • Private outdoor space, laundry, and garage access for each unit

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency HVAC Service Kitchen & Bath Showroom Grocery & Convenience Store Plumbing Service Parking Lot & Garage

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
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

953
Businesses Nearby

Demographics for 49546, MI

35,536
Population
13,561
Households
2.6
Avg Household Size
38
Median Age
61%
College-Educated
96%
High-School Grad
17.9 sq mi
ZIP Area
1,985
Density / Sq Mi
$97,386
Median Household Income
$48,008
Median Earnings
$1,275
Median Rent
$389,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two well-configured rental units offer private outdoor areas, laundry, garage access, and individually controlled heating and cooling.
Where is this duplex located?
The property is located at 2931-2933 Okemos Dr SE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $428,000.
What are key features of this property?
This property features: Two 3‑bedroom, 1‑bath units with full occupancy; Central air, separate heating systems, and fireplaces in both units; Private outdoor space, laundry, and garage access for each unit
More about this property
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