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Side-by-Side Duplex with Original Character
For Sale
$550,000
Pending

59-61 Grand Ave NE, Grand Rapids, MI 49503

Two occupied units feature updated kitchens, baths, and shared outdoor spaces.

Property SizeContact for details
Days on Market20

Property Features for 59-61 Grand Ave NE

General Information

Standard status Pending
Property subtype Investment
Occupancy 100%

Units

Unit Mix 2 x 3 bed 1.5 bath
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $13,497

Amenities

front porch
back deck

Building Details

Year Built 1900
Buildings 1
Units 2
Listing Agency: Blu House Properties
Listed By: Ryan Ogle · License #6502376991
Source: Elliman
Added: Sep 18 Changed: Oct 1 Last Checked: Oct 5 at 7:23PM

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 Blu House Properties

Investment Insights

Based on property information with market context.

This side-by-side duplex contains two 3 bed, 1.5 bath units and is fully occupied. Interior features include original hardwood floors, high ceilings, and updated kitchens and bathrooms. A large front porch and rear deck add usable outdoor space, while the property was built in 1900 and has been well cared for.

Located at 59-61 Grand Ave NE in Grand Rapids, the property is within walking distance of restaurants, bars, shops, and the Heritage Hill neighborhood. Both units have long-term leases in place. Walk Score is 76, Bike Score is 56, and Transit Score is 58.

Key Highlights

  • Fully occupied side‑by‑side duplex with two 3 bed, 1.5 bath units
  • Original hardwood floors and high ceilings
  • Updated kitchens and bathrooms

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Electrical Service Locksmith Auto Parts Store Carpet & Flooring Store Travel Agency

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
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

3,886
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

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 - Two occupied units feature updated kitchens, baths, and shared outdoor spaces.
Where is this duplex located?
The property is located at 59-61 Grand Ave NE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Fully occupied side‑by‑side duplex with two 3 bed, 1.5 bath units; Original hardwood floors and high ceilings; Updated kitchens and bathrooms
More about this property
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