East Hills Duplex
For Sale
$225,000
Pending
318 Diamond Avenue SE, Grand Rapids, MI 49503
MULTI_FAMILY - Grand Rapids, MI
Lot Size0.08 Acres
Days on Market68
Property Features for 318 Diamond Avenue SE
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Res
Bedrooms
5
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bedroom 5, Bedroom 1, Bathroom 1, Bedroom 4, Basement, Bedroom 3
Parking
4
Parking features
Driveway
Lot features
Sidewalk
Elementary school district
Grand Rapids
Middle school district
Grand Rapids
High school district
Grand Rapids
Directions
Grand Rapids Michigan Get on I-196 E from Michigan St NW Continue on I-196 E to College Ave NE. Take exit 78 from I-196 E Take Michigan St NE to Diamond Ave NE
Standard status
Pending
APN
41-14-29-379-009
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 1671 EXCEPT N 34.35 FT THEREOF* STEINMANN S ASSESSOR S PLAT NO 58
Tax Annual Amount
4500
Legal Description
LOT 1671 EXCEPT N 34.35 FT THEREOF* STEINMANN S ASSESSOR S PLAT NO 58
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Baseboard
Building Details
Year built
1905
Number of units
2
Building materials
Vinyl Siding
Listing Agency:
Smallegan Real Estate
(616) 209-4304
Listed By:
Jacob Hills
(616) 898-2820
Added: May 26
Changed: Jul 25
Last Checked: Aug 1 at 2:06AM
MLS# 26024806
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 two-unit duplex is located in the heart of East Hills. The lower unit features 3 bedrooms and 1 bathroom, while the upper unit includes 2 bedrooms and 1 bathroom. The property presents potential as an owner-occupied residence or an investment opportunity. Both units are currently vacant. The lower unit was previously rented for $1,600 on a month-to-month basis, and the upper unit was rented for $1,300 on a month-to-month basis. Situated minutes from downtown and the Medical Mile, the property provides convenient access to dining, coffee shops, breweries, boutique shopping, and entertainment on Cherry Street, Wealthy Street, and Eastown. This location offers long-term appeal for both lifestyle and rental demand. The property is located in Grand Rapids, MI 49503, Kent County, on a lot of 0.08 acres.
Key Highlights
- 2‑unit duplex built in 1905 with two separate living units (3BR/1BA lower and 2BR/1BA upper)
- Both units currently vacant; lower and upper previously rented at $1,600/mo and $1,300/mo (M2M)
- Baseboard heating and vinyl siding
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,167
Businesses Nearby
Explore this area
Business Placement
Demographics for 49503, MI
39,344
Population
19,017
Households
2.1
Avg Household Size
30
Median Age
44%
College-Educated
88%
High-School Grad
7.3 sq mi
ZIP Area
5,390
Density / Sq Mi
$61,734
Median Household Income
$36,694
Median Earnings
$1,207
Median Rent
$224,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit duplex in East Hills, Grand Rapids. Vacant.
Where is this duplex located?
The property is located at 318 Diamond Avenue 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 built in 1905 with two separate living units (3BR/1BA lower and 2BR/1BA upper); Both units currently vacant; lower and upper previously rented at $1,600/mo and $1,300/mo (M2M); Baseboard heating and vinyl siding
