Duplex with Leased
For Sale
$359,900
717 Whalen Ct, Grand Rapids, MI 49504
Two residential units provide distinct bedroom layouts with current leases in place.
Property Size1,416 SF
Price / SF$254.17
Days on Market47
Property Features for 717 Whalen Ct
General Information
Standard status
Active
Size
1,416 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
West Grand
Building Details
Year Built
1900
Listing Agency:
Condell Wonder Land
(989) 539-2771
Listed By:
Beyond MI Realty
(989) 214-2240
Source:
Beyondmirealty
Added: Sep 19
Changed: Nov 3
Last Checked: Nov 3 at 6:01AM
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 Condell Wonder Land
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Investment Insights
Based on property information with market context.
This duplex contains two residential units with established occupancy. The unit at 717 Whalen Ct NW has 3 bedrooms and 1 bathroom, while 719 offers 2 bedrooms and 1 bathroom. Both units are leased, managed, and certified, creating an existing rental arrangement within the property. The 1900-built asset also presents an owner-occupancy option, with the possibility of living in one unit while renting the other.
The property is located at 717 Whalen Ct NW 719 in Grand Rapids, Michigan. Bridge Street, local restaurants, cultural destinations, the stadium, and Grand Valley are identified as nearby points of access and activity. Walk Score is 91, Bike Score is 69, and Transit Score is 62, reflecting walkable, bikeable, and transit-accessible surroundings.
The property is located at 717 Whalen Ct NW 719 in Grand Rapids, Michigan. Bridge Street, local restaurants, cultural destinations, the stadium, and Grand Valley are identified as nearby points of access and activity. Walk Score is 91, Bike Score is 69, and Transit Score is 62, reflecting walkable, bikeable, and transit-accessible surroundings.
Key Highlights
- Two‑unit duplex with both units leased, managed, and certified
- 717 Whalen Ct NW: 3 bedrooms and 1 bathroom
- 719 Whalen Ct NW: 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,014
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$300,280
$300.3K
Cap Rate 7%
$214,486
$214.5K
Cap Rate 9%
$166,822
$166.8K
Market Conditions
NOI Build-Up for 1,416 SF
Gross rent
$22.9K $16.20/SF
− Vacancy
−$1.5K −$1.05/SF
EGI
$21.4K $15.15/SF
− OpEx
−$6.4K −$4.54/SF
NOI
$15.0K $10.60/SF
Area
Grand Rapids, MI
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$300,280
Cap Rate 7%
$214,486
Cap Rate 9%
$166,822
Alternative Uses
Best Use
Multifamily LT 5
$214.5K
$187.7K – $250.2K
NOI $15,014 @ 7.0% cap · market cap 4.17%
Second Best
Apartment 5plus
$192.0K
$168.0K – $224.0K
NOI $13,441 @ 7.0% cap · market cap 3.73%
Theoretical Best
Specialty Retail
$328.6K
$287.5K – $383.4K
NOI $23,003 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,099
Businesses Nearby
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Business Placement
Demographics for 49504, MI
41,249
Population
18,830
Households
2.2
Avg Household Size
33
Median Age
39%
College-Educated
90%
High-School Grad
11.1 sq mi
ZIP Area
3,716
Density / Sq Mi
$68,326
Median Household Income
$41,138
Median Earnings
$1,145
Median Rent
$222,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units provide distinct bedroom layouts with current leases in place.
Where is this duplex located?
The property is located at 717 Whalen Ct Grand Rapids, MI.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Two‑unit duplex with both units leased, managed, and certified; 717 Whalen Ct NW: 3 bedrooms and 1 bathroom; 719 Whalen Ct NW: 2 bedrooms and 1 bathroom
