Updated Two-Unit
New
For Sale
$499,900
349 Richard Terrace SE, Grand Rapids, MI 49506
Multi Family, Grand Rapids, MI
Property SizeContact for details
Lot Size0.10 Acres
Days on Market3
Property Features for 349 Richard Terrace SE
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 2, Bedroom 1, Bathroom 1, Basement, Bathroom 3, Bathroom 2, Bedroom 4, Bedroom 3
Parking
2
Elementary school district
Grand Rapids
Middle school district
Grand Rapids
High school district
Grand Rapids
Directions
E on 196, South on Fuller, East on Lake Dr, S on Richard Terrace, Home on West
Standard status
Active
APN
41-14-29-457-023
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
LOT 21* L K BISHOP ADDITION
Tax Annual Amount
3487
Legal Description
LOT 21* L K BISHOP ADDITION
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Amenities
front porch
fenced backyard
garage
laundry
Building Details
Year built
1905
Number of units
2
Building materials
Vinyl Siding
Roof type
Composition
Listing Agency:
Bellabay Realty LLC
(616) 871-9200
Listed By:
Michelle J Haynes
(231) 944-9106
Added: Aug 26
Last Checked: Aug 28 at 1:06AM
MLS# 26045099
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.
Built in 1905, this vinyl-sided duplex contains two separate residences with practical layouts and independent access. The lower unit includes two bedrooms, 1.5 baths, a living room, formal dining room, and a kitchen with stainless steel appliances. The upper unit provides two bedrooms, one full bath, a living room, dining room, and kitchen.
Both units include private basement areas and laundry, while the property also offers a front porch, fenced backyard, and two-stall garage. Recent work includes a roof, windows, furnaces, air-conditioning units, driveway, and back walkway. Public sewer and forced-air heating are in place, with central air serving the building. The duplex occupies 0.1 acres in Grand Rapids, near Wealthy Street, restaurants, bars, and shops.
Both units include private basement areas and laundry, while the property also offers a front porch, fenced backyard, and two-stall garage. Recent work includes a roof, windows, furnaces, air-conditioning units, driveway, and back walkway. Public sewer and forced-air heating are in place, with central air serving the building. The duplex occupies 0.1 acres in Grand Rapids, near Wealthy Street, restaurants, bars, and shops.
Key Highlights
- 1905‑built duplex on 0.1 acres
- Two units, each with two bedrooms and separate entrances
- Lower unit includes 1.5 baths; upper unit includes one full bath
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,133
Businesses Nearby
Explore this area
Business Placement
Demographics for 49506, MI
33,050
Population
13,262
Households
2.5
Avg Household Size
34
Median Age
67%
College-Educated
97%
High-School Grad
7.3 sq mi
ZIP Area
4,527
Density / Sq Mi
$112,287
Median Household Income
$48,631
Median Earnings
$1,305
Median Rent
$338,600
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 - Each residence has a private entrance, laundry, and basement space.
Where is this duplex located?
The property is located at 349 Richard Terrace SE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 1905‑built duplex on 0.1 acres; Two units, each with two bedrooms and separate entrances; Lower unit includes 1.5 baths; upper unit includes one full bath
