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Duplex with Separate Utilities
New
For Sale
$450,000

549 Giddings Ave SE, Grand Rapids, MI 49506

Both apartments include private basement storage and laundry areas.

Property SizeContact for details
Days on Market3

Property Features for 549 Giddings Ave SE

General Information

Standard status Active
Property subtype Multi-Family

Units

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

Additional Details

Gross Income $45,600

Amenities

private basement storage and laundry areas

Building Details

Year Built 1923
Listing Agency: RE/MAX Perrett Associates
Listed By: Cornerstone Real Estate
Source: Cornerstonemi
Added: Oct 16 Last Checked: Oct 16 at 7:52AM

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 RE/MAX Perrett Associates

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Investment Insights

Based on property information with market context.

Built in 1923, this duplex contains two apartments, each with two bedrooms, one bathroom, and approximately 1,131 SF. The residences have separate utilities, along with private basement storage and laundry areas.

The property is at 549 and 547 Giddings Ave SE in Grand Rapids, Michigan.

Key Highlights

  • Two apartments, each with 2 bedrooms and 1 bathroom
  • Approximately 1,131 SF per apartment
  • Separate utilities for each residence

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Parking Lot & Garage Dental Office Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Electrical Service

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

975
Businesses Nearby

Demographics for 49506, MI

33,050
Population
13,262
Households
2.5
Avg Household Size
34
Median Age
67%
College-Educated
97%
High-School Grad
7.3 sq mi
ZIP Area
4,527
Density / Sq Mi
$112,287
Median Household Income
$48,631
Median Earnings
$1,305
Median Rent
$338,600
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 - Both apartments include private basement storage and laundry areas.
Where is this duplex located?
The property is located at 549 Giddings Ave SE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 bathroom; Approximately 1,131 SF per apartment; Separate utilities for each residence
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