Character-Rich Two-Unit
For Sale
$309,900
745 Prospect Avenue SE, Grand Rapids, MI 49503
Multi Family, Grand Rapids, MI
Property SizeContact for details
Lot Size0.10 Acres
Days on Market55
Property Features for 745 Prospect Avenue SE
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Res
Bedrooms
5
Full bathrooms
2
Rooms
Bedroom 2, Laundry Room, Bathroom 1, Basement, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 3, Bedroom 5
Basement
Walk-Out Access, Full
Lot features
Sidewalk, Corner Lot
Elementary school district
Grand Rapids
Middle school district
Grand Rapids
High school district
Grand Rapids
Directions
Corner of Franklin and Prospect
Standard status
Active
APN
41143118203
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
E 100 FT OF S 44 FT OF LOT 10 BLK 8* J PENNEY S ADDITION* BEING PART OF E 1/2 OF NW 1/4 SEC 31-7-11
Tax Annual Amount
2312
Legal Description
E 100 FT OF S 44 FT OF LOT 10 BLK 8* J PENNEY S ADDITION* BEING PART OF E 1/2 OF NW 1/4 SEC 31-7-11
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air
Building Details
Year built
1900
Number of units
2
Building materials
Wood Siding
Roof type
Composition
Listing Agency:
Pro Real Estate Services LLC
(616) 293-5269
Listed By:
Aurelia R Becker · License #6502390769
(800) 882-3795
Added: Aug 13
Changed: Sep 12
Last Checked: Oct 6 at 10:06AM
MLS# 26042512
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.
Built in 1900, this two-unit duplex includes a two-bedroom main-floor residence and a three-bedroom upper unit. Interior details include wood floors, tall ceilings, decorative millwork, a spacious foyer, French doors, a fireplace, and a transom window. The upper level also connects to an unfinished third-floor attic. Each unit has designated basement storage and laundry space, while double washer and dryer sets remain. The upper unit is vacant, and the main-floor residence has an established tenant.
The property occupies 0.1 acres at 745 Prospect Avenue SE in Grand Rapids, near downtown activity, Wealthy Street restaurants and pubs, Trinity Health, expressways, and bus lines. Improvements include a new roof installed in 2024, newer windows, two newer water heaters, and exterior paint completed 3 years ago. Public sewer serves the property, and city certification extends through 5/21/30.
The property occupies 0.1 acres at 745 Prospect Avenue SE in Grand Rapids, near downtown activity, Wealthy Street restaurants and pubs, Trinity Health, expressways, and bus lines. Improvements include a new roof installed in 2024, newer windows, two newer water heaters, and exterior paint completed 3 years ago. Public sewer serves the property, and city certification extends through 5/21/30.
Key Highlights
- Two‑unit duplex with 2‑bedroom main floor and 3‑bedroom upper unit
- Upper residence is vacant; main‑floor tenant has occupied the unit for 6 years
- New roof installed in 2024, plus many newer windows
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,088
Businesses Nearby
Explore this area
Business Placement
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Historic two-unit property with separate laundry and storage areas, plus a vacant upper residence suited to owner occupancy.
Where is this duplex located?
The property is located at 745 Prospect Avenue SE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: Two‑unit duplex with 2‑bedroom main floor and 3‑bedroom upper unit; Upper residence is vacant; main‑floor tenant has occupied the unit for 6 years; New roof installed in 2024, plus many newer windows
