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Two-Unit Building Near Corewell Health
For Sale
$299,900

737 Clancy Ave NE, Grand Rapids, MI 49503

Two-unit building near Corewell Health with updated features.

Property SizeContact for details
Days on Market199

Property Features for 737 Clancy Ave NE

General Information

Standard status Active
Property subtype Multi-Family

Building Details

Year Built 1882
Listing Agency: Apex Realty Group
Listed By: David P Kooistra
Source: Katie-k
Added: Mar 26 Changed: Sep 10 Last Checked: Oct 7 at 2:00PM

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 Apex Realty Group

Investment Insights

Based on property information with market context.

Constructed in 1892, this all-brick two-unit building is situated a couple of blocks north of Corewell Health on Michigan Ave. Each unit includes 2 bedrooms, 1 full bathroom, and private laundry facilities. Gas and electric utilities are split, with tenants responsible for their usage, while the owner covers water and sewer expenses. The property has curb appeal and character. Approximately 15 years ago, the building underwent extensive updates, including new kitchens, windows, the back half of the roof, and a lower-level furnace. These updates remain in very nice condition. Additional features include a Michigan basement and an oversized one-stall garage, currently used by the owner, but with potential for additional rental income. Showings require at least 24 hours' notice for tenants.

Key Highlights

  • Prime location near Corewell Health on Michigan Ave.
  • Two units, each with 2 bedrooms, 1 bathroom, and private laundry.
  • Tenants pay their own gas and electric utilities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Carpet & Flooring Store Veterinary Clinic Barber Shop 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

4,353
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
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Frequently Asked Questions

What type of property is this?
Duplex - Two-unit building near Corewell Health with updated features.
Where is this duplex located?
The property is located at 737 Clancy Ave NE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Prime location near Corewell Health on Michigan Ave.; Two units, each with 2 bedrooms, 1 bathroom, and private laundry.; Tenants pay their own gas and electric utilities.
More about this property
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