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Remodeled Duplex with Garage
For Sale
$240,000
Pending

832 Thomas St SE, Grand Rapids, MI 49506

Two residential units include in-unit laundry, updated kitchens, a garage, and a fully fenced yard.

Property SizeContact for details
Days on Market102

Property Features for 832 Thomas St SE

General Information

Standard status Pending
Property subtype Investment

Site & Location

Neighborhood Baxter
Fenced Yard Yes

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $2,558

Amenities

in-unit laundry
updated kitchen
garage
fully fenced yard

Building Details

Year Built 1890
Units 2
Tenancy Multi
Listing Agency: Bellabay Realty (Kentwood)
Listed By: Britton Curtiss · License #6501414327
Source: Elliman
Added: Jul 24 Changed: Nov 2 Last Checked: Nov 1 at 6:41AM

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 Bellabay Realty (Kentwood)

Rey
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Investment Insights

Based on property information with market context.

This well-maintained duplex offers two rental-ready units with in-unit laundry. The lower unit is configured with 2 bedrooms and 1 bathroom, and the upper unit offers 1 bedroom and 1 bathroom. Improvements include updated kitchens, new appliances, updated electrical, and recent exterior work including a new roof. In 2022, all windows were replaced, with triple-pane windows in the lower unit and double-pane tempered glass windows in the upper unit.

The property includes a garage and a fully fenced yard. It has previously been certified as a rental and is code compliant, awaiting its new owner.

With separate unit layouts and recent upgrades throughout, the property is suited for an investor seeking income-producing residential units or an owner-occupant looking for an additional unit.

Key Highlights

  • Multi‑unit home built in 1890 with 2 residential units in Grand Rapids, MI
  • Lower unit: 2 bedrooms, 1 bathroom; upper unit: 1 bedroom, 1 bathroom
  • In‑unit laundry and updated kitchens in both units

Property Analytics

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Lease Details

2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard

Location Intelligence

Trade Area within ½ mile

877
Businesses Nearby

Demographics for 49506, MI

33,050
Population
13,262
Households
2.5
Avg Household Size
34
Median Age
67%
College-Educated
97%
High-School Grad
7.3 sq mi
ZIP Area
4,527
Density / Sq Mi
$112,287
Median Household Income
$48,631
Median Earnings
$1,305
Median Rent
$338,600
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

Frequently Asked Questions

What type of property is this?
Duplex - Two residential units include in-unit laundry, updated kitchens, a garage, and a fully fenced yard.
Where is this duplex located?
The property is located at 832 Thomas St SE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Multi‑unit home built in 1890 with 2 residential units in Grand Rapids, MI; Lower unit: 2 bedrooms, 1 bathroom; upper unit: 1 bedroom, 1 bathroom; In‑unit laundry and updated kitchens in both units
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