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Duplex with Basement
For Sale
$259,900

316 Lane Avenue SW, Grand Rapids, MI 49504

Multi Family, Grand Rapids, MI

Property SizeContact for details
Lot Size0.09 Acres
Days on Market18

Property Features for 316 Lane Avenue SW

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description RESIDENTIAL
Bedrooms 4
Full bathrooms 2
Rooms Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 3, Basement
Parking 2
Lot features Level, Cul-De-Sac, Sidewalk
Elementary school district Grand Rapids
Middle school district Grand Rapids
High school district Grand Rapids
Directions Butterworth to Lane. Left side of road before cul-de-sac
Standard status Active
APN 41-13-26-480-004
Lot size 0.09 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description LOT 19* COURTNEY S ADDITION
Tax Annual Amount 1818
Legal Description LOT 19* COURTNEY S ADDITION

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Forced Air

Building Details

Year built 1920
Number of units 2
Building materials Vinyl Siding, Wood Siding
Roof type Composition
Listing Agency: DeVries Homes
Listed By: John DeVries · License #6501330826
Added: Sep 19 Changed: Oct 2 Last Checked: Oct 6 at 8:06AM
MLS# 26050343

Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This residential property is classified as a duplex and described as a 2-to-4-unit structure. The building dates to 1920 and includes a basement, four bedrooms, and two bathrooms. Exterior materials include vinyl and wood siding, with a composition roof and forced-air heating.

The property occupies a 3,800-square-foot lot in Grand Rapids. Public sewer service and cable availability are noted.

Key Highlights

  • 2‑to‑4‑unit residential structure
  • 3,800‑square‑foot lot
  • Built in 1920

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Dental Office Nail Salon HVAC Service Bakery Grocery & Convenience Store (Bike/Boat/Book/etc) 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.

Location Intelligence

Trade Area within ½ mile

426
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
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Forced-air heat and public sewer serve the residential property.
Where is this duplex located?
The property is located at 316 Lane Avenue SW Grand Rapids, MI.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: 2‑to‑4‑unit residential structure; 3,800‑square‑foot lot; Built in 1920
More about this property
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