Kentwood Duplex: Turnkey Investment
For Sale
$495,000
418 56th Street SE, Kentwood, MI 49548
Multi Family, Kentwood, MI
Property SizeContact for details
Lot Size0.26 Acres
Days on Market141
Property Features for 418 56th Street SE
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
R2
Bedrooms
6
Full bathrooms
2
Rooms
Basement, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 6, Bedroom 5, Bedroom 1, Bedroom 2, Bathroom 2
Parking
2
Parking features
Driveway
Basement
Full
Elementary school district
Kentwood
Middle school district
Kentwood
High school district
Kentwood
Directions
GPS
Standard status
Active
APN
41-18-31-401-002
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
LOT 2 ALSO W 16 FT OF LOT 3 * PINECREST PLAT
Tax Annual Amount
6209
Legal Description
LOT 2 ALSO W 16 FT OF LOT 3 * PINECREST PLAT
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1968
Number of units
2
Building materials
Aluminum Siding, Brick
Roof type
Composition
Listing Agency:
EXP Realty LLC
(269) 600-4397
Listed By:
Filloreta Balaj-Elezi · License #6501422619
(616) 570-4188
Added: Apr 3
Changed: Aug 19
Last Checked: Aug 21 at 2:06AM
MLS# 26013518
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.
Located in Kentwood, MI, the property at 418-420 56th St is a meticulously cared for duplex. This turnkey investment property features expert craftsmanship and quality finishes throughout both units. One unit is currently occupied and generating $2,300 per month in rental income. The second unit is available for showing upon accepted offer. Each identical unit includes 3 bedrooms and 1 bathroom. Both units were completely renovated in 2023 from top to bottom, featuring new windows, new flooring, new stainless steel appliances, new lighting and plumbing fixtures, a freshly painted interior and exterior, and updated mechanicals. The property offers move-in ready spaces designed to attract and retain quality tenants. The property is situated on a lot of 0.26 acres. This stabilized asset delivers immediate cash flow and long-term value. It can be used to live in one unit and rent the other, or add to a rental portfolio.
Key Highlights
- Duplex with two identical 3‑bedroom, 1‑bath units built in 1968
- Both units were completely renovated in 2023 with new windows, flooring, stainless steel appliances, and updated lighting and plumbing fixtures
- Interior and exterior were freshly painted, and mechanicals were updated during the 2023 renovation
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
416
Businesses Nearby
Explore this area
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
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 - Meticulously renovated duplex generating immediate cash flow in Kentwood, MI.
Where is this duplex located?
The property is located at 418 56th Street SE 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: Duplex with two identical 3‑bedroom, 1‑bath units built in 1968; Both units were completely renovated in 2023 with new windows, flooring, stainless steel appliances, and updated lighting and plumbing fixtures; Interior and exterior were freshly painted, and mechanicals were updated during the 2023 renovation
