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Two-Unit Duplex with Deck
New
For Sale
$405,000

511 EMERALD AVENUE NE, Grand Rapids, MI 49503

GRAND RAPIDS, MI

Property SizeContact for details
Days on Market2

Property Features for 511 EMERALD AVENUE NE

General Information

Property type Residential Multi Family
Property subtype Single Family Attached
Standard status Active

Amenities

deck
laundry area

Building Details

Year built 1907
Listing Agency: Rockford · Coldwell Banker Real Estate
Listed By: Mary Jane Schultz · License #6501264934
Added: Oct 6 Last Checked: Oct 7 at 2:06AM
MLS# 26052992

Copyright © 2026 Coldwell Banker Schmidt REALTORS. 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 1907, this two-story duplex has one apartment on each floor. The lower unit is larger and includes a separate dining area and sliding-door access to the rear deck. Recent improvements include new kitchens, stoves, and dishwashers in both apartments, along with furnace and heat-run work and added blown-in insulation. A basement laundry area is accessed from outside; it has traditionally served the first-floor apartment. The property also has a ribbon driveway with off-street parking for one vehicle.

The duplex is two blocks north of Michigan Street NE, within walking distance of restaurants and hospitals. The rear deck connects to the lower apartment’s slider.

Key Highlights

  • Two‑story duplex with one apartment on each level
  • Built in 1907
  • Both apartments received new kitchens, stoves, and dishwashers within the past year

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Carpet & Flooring Store Locksmith Home Appliance Store Kitchen & Bath Showroom Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

809
Businesses Nearby

Demographics for 49503, MI

39,344
Population
19,017
Households
2.1
Avg Household Size
30
Median Age
44%
College-Educated
88%
High-School Grad
7.3 sq mi
ZIP Area
5,390
Density / Sq Mi
$61,734
Median Household Income
$36,694
Median Earnings
$1,207
Median Rent
$224,100
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
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Frequently Asked Questions

What type of property is this?
Duplex - Both apartments received new kitchens, stoves, and dishwashers within the past year.
Where is this duplex located?
The property is located at 511 EMERALD AVENUE NE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: Two‑story duplex with one apartment on each level; Built in 1907; Both apartments received new kitchens, stoves, and dishwashers within the past year
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