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Duplex with Upper-Level Office
For Sale
$484,900

730 Lockwood Street NE, Grand Rapids, MI 49503

Each residence includes two bedrooms, private laundry, dedicated storage, and a separate entrance.

Property SizeContact for details
Days on Market8

Property Features for 730 Lockwood Street NE

General Information

Standard status Active
Total Parking Spaces 5
Property subtype Residential Income
Occupancy 100%

Site & Location

Neighborhood Midtown
Public Transit Yes

Units

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

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $7,693

Amenities

private entrances
dedicated storage
in-unit laundry
covered front porch
off-street parking
Sidewalks
Central Air
Natural Gas, Forced Air
Full
Paved

Building Details

Year Built 1925
Buildings 1
Listing Agency: Grand Rapids North Market Center, LLC
Listed By: James D Blehm
Source: Evrealestate
Added: Oct 22 Changed: Oct 25 Last Checked: Oct 28 at 8:09AM

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 Grand Rapids North Market Center, LLC

Rey
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Investment Insights

Based on property information with market context.

Built in 1925, this upper-and-lower duplex contains two residences, each arranged with two bedrooms, one full bathroom, a living room, dining room, and kitchen with updated appliances. Both homes have their own entrance, laundry, and dedicated storage; the upper residence also has a separate office or den. A covered front porch and off-street parking serve the property, and both units are leased.

The property is near Heritage Hill, downtown Grand Rapids, Martha’s Vineyard, and the local farmers market. Its reported scores are 94 for walking, 61 for biking, and 40 for transit.

Key Highlights

  • Two leased residences, each with 2 bedrooms and 1 full bath
  • Upper unit includes a private office or den
  • Separate entrances, laundry, and dedicated storage for both units

Property Analytics

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Lease Details

2
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,977
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

Frequently Asked Questions

What type of property is this?
Duplex - Each residence includes two bedrooms, private laundry, dedicated storage, and a separate entrance.
Where is this duplex located?
The property is located at 730 Lockwood Street NE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $484,900.
What are key features of this property?
This property features: Two leased residences, each with 2 bedrooms and 1 full bath; Upper unit includes a private office or den; Separate entrances, laundry, and dedicated storage for both units
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