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Side-by-Side Duplex with Basements
For Sale
$674,900

609 & 611 Wealthy St SE, Grand Rapids, MI 49503

Two separate residences feature hardwood floors, individual utilities, basement laundry, and off-street parking.

Property SizeContact for details
Days on Market9

Property Features for 609 & 611 Wealthy St SE

General Information

Standard status Active
Property subtype Investment

Taxes and HOA fees

Annual Taxes $10,694

Building Details

Year Built 1900
Units 2
Listing Agency: 616 Realty LLC
Listed By: Rodney E Constable
Source: Elliman
Added: Sep 5 Changed: Sep 12 Last Checked: Sep 12 at 8:30AM

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 616 Realty LLC

Investment Insights

Based on property information with market context.

Built in 1900, this side-by-side duplex includes two distinct residences at 609 and 611, each with 3 bedrooms, hardwood floors, pocket doors, stainless steel appliances, separate utilities, and its own basement with laundry facilities. Both units also include unfinished attic space that can provide storage or additional usable area. The kitchen in unit 611 has been remodeled and upgraded.

The property provides 4 off-street parking spaces behind the home, along with additional street parking in front. Its Grand Rapids location is minutes from downtown, entertainment, and restaurants, with a 94 walk score, 61 bike score, and 40 transit score. The layout supports owner occupancy with a second unit or use as a two-unit rental property.

Key Highlights

  • Two side‑by‑side units, each with 3 bedrooms
  • Separate basements and utilities for both residences
  • 4 off‑street parking spaces plus additional street parking

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Electrical Service Locksmith Carpet & Flooring Store Pet Grooming Service Plumbing 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.

Location Intelligence

Trade Area within ½ mile

2,390
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 - Two separate residences feature hardwood floors, individual utilities, basement laundry, and off-street parking.
Where is this duplex located?
The property is located at 609 & 611 Wealthy St SE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $674,900.
What are key features of this property?
This property features: Two side‑by‑side units, each with 3 bedrooms; Separate basements and utilities for both residences; 4 off‑street parking spaces plus additional street parking
More about this property
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