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Duplex with Renovated Kitchens
New
For Sale
$374,900

731 First St NW, Grand Rapids, MI 49504

Both units received kitchen improvements with stainless steel appliances in 2025.

Property SizeContact for details
Days on Market7

Property Features for 731 First St NW

General Information

Standard status Active
Property subtype Multi-Family

Building Details

Year Built 1890
Listing Agency: Exp Realty, LLC
Listed By: Cornerstone Real Estate
Source: Cornerstonemi
Added: Sep 30 Changed: Oct 4 Last Checked: Oct 5 at 7:09PM

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 Exp Realty, LLC

Investment Insights

Based on property information with market context.

Built in 1890, this duplex has two residential units. Each kitchen was renovated in 2025 with stainless steel appliances. The property also received a replacement roof and siding in 2021, while both units had new hot water heaters installed in 2025. A new furnace was added to the upper unit that year.

Occupancy includes tenants in place since 2020 and 2021, and the lower unit is currently vacant. The property’s Certificate of Compliance is valid through 2029.

Key Highlights

  • Kitchens in both units updated with stainless steel appliances in 2025
  • New roof and siding installed in 2021
  • New hot water heaters for both units in 2025

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Dental Office Nail Salon Auto Parts Store Spa & Massage Center Storage Facility Grocery & Convenience Store

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

1,099
Businesses Nearby

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
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 - Both units received kitchen improvements with stainless steel appliances in 2025.
Where is this duplex located?
The property is located at 731 First St NW Grand Rapids, MI.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: Kitchens in both units updated with stainless steel appliances in 2025; New roof and siding installed in 2021; New hot water heaters for both units in 2025
More about this property
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