Two-Home Income
623 Lane Ave NW 625 Grand Rapids, MI 49504
623 Lane Ave NW 625, Grand Rapids, MI, 49504
$319,000
For Sale
$319,000
Two rented homes on one lot, including a 4-bed/2-bath front unit and a 3-bed/1-bath back unit.
Days on Market22
Property Features for 623 Lane Ave NW 625
General Information
- Standard status
- Active
- Property subtype
- Investment
Building Details
- Year Built
- 1905
Listing agency
ReSIDE Grand Rapids
(616) 648-6353
Listed by
Connor Anderson
(616) 648-6353
Source
Elliman
Added: Jul 1 Updated: Jul 21 at 7:02PM Checked: Jul 22 at 10:46AM
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 ReSIDE Grand Rapids
Investment Insights
Based on property information with market context.
This two-home income property offers two residential units on a single lot, currently rented. The front home is a 4-bedroom, 2-bath configuration with a tenant in place paying $1,300, and the back home is a 3-bedroom, 1-bath configuration with a tenant in place paying $1,320.
The property is located on the West Side and has walk and bike accessibility noted as Somewhat Walkable and Bikeable, with transit scored as Some Transit. Both homes are set up for ongoing rental use under the current tenancy.
With separate unit layouts, the property provides multiple streams of rental income while maintaining a straightforward duplex-style arrangement: one front residence and one back residence on the same lot.
The property is located on the West Side and has walk and bike accessibility noted as Somewhat Walkable and Bikeable, with transit scored as Some Transit. Both homes are set up for ongoing rental use under the current tenancy.
With separate unit layouts, the property provides multiple streams of rental income while maintaining a straightforward duplex-style arrangement: one front residence and one back residence on the same lot.
Key Highlights
- Two rented homes on one lot: 4‑bed/2‑bath front house plus a 3‑bed/1‑bath back house
- Front house is currently rented for $1,300 with a tenant in place; back house is currently rented for $1,320
- Current combined rent is $2,600+ per month; market rents cited at about $3,400 total ($1,800 front, $1,600 back)
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two rented homes on one lot, including a 4-bed/2-bath front unit and a 3-bed/1-bath back unit.
Where is this duplex located?
The property is located at 623 Lane Ave NW 625 Grand Rapids, MI.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Two rented homes on one lot: 4‑bed/2‑bath front house plus a 3‑bed/1‑bath back house; Front house is currently rented for $1,300 with a tenant in place; back house is currently rented for $1,320; Current combined rent is $2,600+ per month; market rents cited at about $3,400 total ($1,800 front, $1,600 back)
