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Updated Two-Unit Duplex
New
For Sale
$374,900

731 First Street NW, Grand Rapids, MI 49504

Multi Family, Grand Rapids, MI

Property SizeContact for details
Lot Size0.05 Acres
Days on Market4

Property Features for 731 First Street NW

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 4
Full bathrooms 2
Rooms Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 1
Parking 2
Lot features Sidewalk
Elementary school district Grand Rapids
Middle school district Grand Rapids
High school district Grand Rapids
Standard status Active
APN 41-13-24-355-008
Lot size 0.05 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description 411324355008 LOT 23 EX COM AT WLY COR OF SD LOT TH E ALONG S LINE OF SD LOT 27.70 FT TH NLY 15.37 FT TO N LINE OF SD LOT AT A PT 26.15 FT NELY FROM BEG TH SWLY 26.15 FT TO BEG * SWIONTEK & WHALEN ADDITION SPLIT ON 06/19/2009 FROM 41-13-24-355-001
Tax Annual Amount 805
Legal Description 411324355008 LOT 23 EX COM AT WLY COR OF SD LOT TH E ALONG S LINE OF SD LOT 27.70 FT TH NLY 15.37 FT TO N LINE OF SD LOT AT A PT 26.15 FT NELY FROM BEG TH SWLY 26.15 FT TO BEG * SWIONTEK & WHALEN ADDITION SPLIT ON 06/19/2009 FROM 41-13-24-355-001

Utilities

Utilities Cable Available
Heating system Forced Air

Building Details

Year built 1890
Number of units 2
Building materials Wood Siding
Roof type Composition
Listing Agency: RE/MAX of Grand Rapids (FH) · RE/MAX International
Listed By: John J Postma · License #114085
Added: Sep 29 Last Checked: Oct 2 at 4:06AM
MLS# 26051877

Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This two-unit duplex was built in 1890 and has wood siding and a composition roof. Both kitchens were replaced in 2025 and include stainless steel appliances. The same year, hot water heaters were installed for both units, and the upper unit received a new furnace. The roof and siding were replaced in 2021. The property has four bedrooms and two bathrooms across the units, with forced-air heating and cable availability. A certificate of compliance is in place through 2029.

Key Highlights

  • Two‑unit duplex with four bedrooms and two bathrooms
  • Both kitchens updated in 2025 with stainless steel appliances
  • Hot water heaters for both units installed 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.

Lease Details

2
Residential units

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
View Realmo Analytics

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 - Recent kitchen and mechanical improvements complement a wood-sided residential property with a certificate of compliance through 2029.
Where is this duplex located?
The property is located at 731 First Street 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: Two‑unit duplex with four bedrooms and two bathrooms; Both kitchens updated in 2025 with stainless steel appliances; Hot water heaters for both units installed in 2025
More about this property
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