Turnkey Duplex with Rental
For Sale
$495,000
418 56th Street Southeast, Kentwood, MI 49548
Meticulously renovated duplex generating income, ideal for investors or owner-occupants.
Property Size832 SF
Price / SF$594.95
Days on Market347
Property Features for 418 56th Street Southeast
General Information
Standard status
Active
Size
832 SF
Property subtype
Residential Income / Multi Family
Zoning
R2
Taxes and HOA fees
Annual Taxes
$6,209
Amenities
Central, Yes
Forced Air, Yes
Yes
Forced Air
Natural Gas
Central Air
0.0
Composition
Laundry Facility, Sep Electric Meter, Sep Gas Meter
Public
Full
Aluminum Siding, Brick
Building Details
Year Built
1968
Units
2
Listing Agency:
EXP Realty LLC
Listed By:
Filloreta Balaj-Elezi · License #6501422619
(616) 570-4188
Source:
Compass
Added: Nov 12, 2025
Changed: Oct 16
Last Checked: Oct 24 at 8:14PM
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 EXP Realty LLC
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Investment Insights
Based on property information with market context.
This meticulously cared for duplex features expert craftsmanship and quality finishes throughout both units. As a turnkey investment, it is already generating $2,300 per month in rental income from one occupied unit. Each identical unit features 3 bedrooms and 1 bathroom and was completely renovated in 2023 from top to bottom. Renovations include new windows, new flooring, new stainless steel appliances, new lighting and plumbing fixtures, a freshly painted interior and exterior, and updated mechanicals. The property is move-in ready and designed to attract and retain quality tenants. It is located in Kentwood, Michigan. The property is suitable for living in one unit and renting the other, or adding a fully stabilized asset to a rental portfolio, delivering immediate cash flow and long-term value.
Key Highlights
- Turnkey duplex generating $2,300/month rental income from one unit.
- Both 3‑bedroom, 1‑bathroom units completely renovated in 2023.
- New windows, flooring, stainless steel appliances, lighting, and plumbing fixtures.
Property Analytics
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Location Intelligence
Trade Area within ½ mile
416
Businesses Nearby
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Business Placement
Demographics for 49548, MI
34,741
Population
13,174
Households
2.6
Avg Household Size
34
Median Age
17%
College-Educated
86%
High-School Grad
10.8 sq mi
ZIP Area
3,217
Density / Sq Mi
$62,218
Median Household Income
$35,831
Median Earnings
$1,129
Median Rent
$149,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Meticulously renovated duplex generating income, ideal for investors or owner-occupants.
Where is this duplex located?
The property is located at 418 56th Street Southeast Kentwood, MI.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Turnkey duplex generating $2,300/month rental income from one unit.; Both 3‑bedroom, 1‑bathroom units completely renovated in 2023.; New windows, flooring, stainless steel appliances, lighting, and plumbing fixtures.
