Two-Unit Duplex with Vacant
318 Diamond Ave SE Grand Rapids, MI 49503
For Sale
$225,000
Pending
Two vacant apartments offer 3-bedroom and 2-bedroom layouts for owner-occupant or rental use.
Days on Market57
Property Features for 318 Diamond Ave SE
General Information
- Standard status
- Pending
- Property subtype
- Investment
Building Details
- Year Built
- 1905
Listing Agency:
Smallegan Real Estate
(616) 898-2820
Listed By:
Jacob Hills · License #6502431660
(616) 898-2820
Source:
Elliman
Added: Jun 1
Changed: Jul 10
Last Checked: Jul 26 at 4:06AM
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 Smallegan Real Estate
Investment Insights
Based on property information with market context.
This 2-unit duplex features a lower apartment with 3 bedrooms and 1 bathroom and an upper apartment with 2 bedrooms and 1 bathroom. Both units are currently vacant, giving a buyer flexibility to update and reposition the property. According to prior rent history, the lower unit was rented at $1,600 per month on a month-to-month basis, and the upper unit was rented at $1,300 per month on a month-to-month basis.
Located in the East Hills area of Grand Rapids, the property is described as being just minutes from downtown and the Medical Mile. The listing notes convenient access to Cherry Street and Wealthy Street, with nearby dining, coffee shops, breweries, boutique shopping, and entertainment in the Eastown area. WalkScore is listed as 79, BikeScore as 64, and transitScore as 44.
The duplex configuration makes it a practical fit for an owner-occupant seeking to live in one unit while using the second unit as rental income, or for an investor looking for a two-apartment asset to manage or re-lease. With both units available now, the next steps can focus on interior condition, finishes, and market-ready leasing plans.
Located in the East Hills area of Grand Rapids, the property is described as being just minutes from downtown and the Medical Mile. The listing notes convenient access to Cherry Street and Wealthy Street, with nearby dining, coffee shops, breweries, boutique shopping, and entertainment in the Eastown area. WalkScore is listed as 79, BikeScore as 64, and transitScore as 44.
The duplex configuration makes it a practical fit for an owner-occupant seeking to live in one unit while using the second unit as rental income, or for an investor looking for a two-apartment asset to manage or re-lease. With both units available now, the next steps can focus on interior condition, finishes, and market-ready leasing plans.
Key Highlights
- 2‑unit duplex (Year built 1905) with two vacant apartments
- Lower unit: 3 bedrooms and 1 bathroom
- Upper unit: 2 bedrooms and 1 bathroom
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two vacant apartments offer 3-bedroom and 2-bedroom layouts for owner-occupant or rental use.
Where is this duplex located?
The property is located at 318 Diamond Ave SE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 2‑unit duplex (Year built 1905) with two vacant apartments; Lower unit: 3 bedrooms and 1 bathroom; Upper unit: 2 bedrooms and 1 bathroom
