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Two-Unit Duplex with Deep Backyard
For Sale
$229,500

425 Adams St, Grand Rapids, MI 49507

One unit is occupied, while the second is vacant and ready for occupancy.

Property SizeContact for details
Days on Market50

Property Features for 425 Adams St

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Multi-Family

Units

Unit Mix 2 x 2BR/1BA
Multifamily Units 2

Amenities

basement with coin-op laundry

Building Details

Year Built 1916
Buildings 1
Listing Agency: United Realty Services LLC
Listed By: Beyond MI Realty
Source: Beyondmirealty
Added: Sep 1 Changed: Oct 19 Last Checked: Oct 19 at 7:13AM

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 United Realty Services LLC

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Investment Insights

Based on property information with market context.

Built in 1916 and configured as a duplex, this property contains two two-bedroom, one-bath units. The lower residence is occupied, while the upper unit is vacant and ready for a new occupant. Both units provide well-proportioned living areas within a converted single-family home format.

The property includes two off-street parking spaces and a large basement with coin-operated laundry and storage capacity. A 165-foot-deep backyard adds substantial outdoor space to the parcel. Located on Adams St in southeast Grand Rapids, the duplex is positioned within a neighborhood described as experiencing ongoing reinvestment and new construction.

Key Highlights

  • Two 2‑bedroom, 1‑bath units
  • Lower unit occupied; upper unit vacant and ready for occupancy
  • 165‑foot‑deep backyard

Property Analytics

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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

549
Businesses Nearby

Demographics for 49507, MI

38,137
Population
13,773
Households
2.8
Avg Household Size
30
Median Age
27%
College-Educated
78%
High-School Grad
5.5 sq mi
ZIP Area
6,934
Density / Sq Mi
$56,578
Median Household Income
$34,939
Median Earnings
$1,114
Median Rent
$179,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - One unit is occupied, while the second is vacant and ready for occupancy.
Where is this duplex located?
The property is located at 425 Adams St Grand Rapids, MI.
What is the asking price?
The asking price for this property is $229,500.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units; Lower unit occupied; upper unit vacant and ready for occupancy; 165‑foot‑deep backyard
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