3-Bedroom Duplex for
4704 Burton Street Southeast Grand Rapids, MI 49546
4704 Burton Street Southeast, Grand Rapids, MI, 49546
$399,900
For Sale
$399,900
Duplex with two 3-bedroom, 2-bath units generating $43,040 in annual rent.
Property Size1,500 SF
Price / SF$266.60
Days on Market126
Property Features for 4704 Burton Street Southeast
General Information
- Standard status
- Active
- Size
- 1,500 SF
- Property subtype
- Multi Family / 2 to 4 Units
Building Details
- Year Built
- 1966
Listing agency
Five Star Real Estate (Grandv)
(616) 260-5021
Listed by
Barry J Capel · License #6501182751
(616) 260-5021
Source
Compass
Added: Mar 18 Updated: Jul 21 at 5:28AM Checked: Jul 21 at 5:28AM
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 Five Star Real Estate (Grandv)
Investment Insights
Based on property information with market context.
This duplex offers two residential units, each featuring 3 bedrooms and 2 bathrooms. The property is positioned for either owner-occupancy or investment, with annual rents reported at $43,040.
Located near Calvin University and Breton Village, the home provides convenient access to established local amenities.
Offers are due on Sunday, March 22 at 6:00 p.m. The duplex has not been previously listed, according to the provided remarks.
Located near Calvin University and Breton Village, the home provides convenient access to established local amenities.
Offers are due on Sunday, March 22 at 6:00 p.m. The duplex has not been previously listed, according to the provided remarks.
Key Highlights
- Duplex with two 3‑bedroom, 2‑bath units generating $43,040 in annual rent
- Year built 1966 with a full basement (basement: yes)
- Heating: forced air with natural gas; air conditioning listed as none
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.3k | $16.20 |
| − Vacancy | −$1.6k | −$1.05 |
| EGI | $22.7k | $15.15 |
| − OpEx | −$6.8k | −$4.54 |
| NOI | $15.9k | $10.60 |
1,500 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$227.2K
$198.8K – $265.1K
NOI $15,904 @ 7.0% cap · market cap 3.98%
Second Best
Apartment 5plus
$203.4K
$178.0K – $237.3K
NOI $14,238 @ 7.0% cap · market cap 3.56%
Theoretical Best
Specialty Retail
$348.1K
$304.6K – $406.1K
NOI $24,368 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex with two 3-bedroom, 2-bath units generating $43,040 in annual rent.
Where is this duplex located?
The property is located at 4704 Burton Street Southeast Grand Rapids, MI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Duplex with two 3‑bedroom, 2‑bath units generating $43,040 in annual rent; Year built 1966 with a full basement (basement: yes); Heating: forced air with natural gas; air conditioning listed as none
