Grand Rapids Duplex with
For Sale
$199,900
914 Fulton Street West, Grand Rapids, MI 49504
Duplex with new furnace, water heater, and roof.
Property Size833 SF
Price / SF$239.98
Days on Market302
Property Features for 914 Fulton Street West
General Information
Standard status
Active
Size
833 SF
Property subtype
Residential Income / Multi Family
Zoning
C-1
Taxes and HOA fees
Annual Taxes
$3,652
Amenities
Forced Air, Natural Gas
true
Yes
In Unit, Laundry Room, Main Level
1
Composition
Paved
Partial
Vinyl Siding
Building Details
Year Built
1910
Buildings
1
Listing Agency:
Clear Realty Group
Listed By:
Tyler Johnson · License #6502432839
(616) 799-2903
Source:
Compass
Added: Dec 8, 2025
Changed: Oct 6
Last Checked: Oct 5 at 8:35PM
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 Clear Realty Group
Investment Insights
Based on property information with market context.
Located at 914 W Fulton, this duplex presents a value-add opportunity. The property has a new furnace, water heater, and roof. The front unit is a studio apartment, currently rented month-to-month for $700 per month. The rear unit features three bedrooms and one bathroom, complete with a large kitchen, living area, and in-unit laundry. The 3-bedroom unit requires some improvements, offering an opportunity to build equity. Situated in an area with ongoing development and new multifamily projects, the location benefits from growth and revitalization. The property is located minutes from Downtown Grand Rapids, close to US-131, and near GVSU.
Key Highlights
- Value‑add opportunity to increase equity through improvements, especially in the 3 bed / 1 bath unit.
- New furnace, new water heater, and new roof provide immediate cost savings and peace of mind.
- Located in an area experiencing fresh development and revitalization, offering long‑term upside potential.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,832
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$176,640
$176.6K
Cap Rate 7%
$126,171
$126.2K
Cap Rate 9%
$98,133
$98.1K
Market Conditions
NOI Build-Up for 833 SF
Gross rent
$13.5K $16.20/SF
− Vacancy
−$877 −$1.05/SF
EGI
$12.6K $15.15/SF
− OpEx
−$3.8K −$4.54/SF
NOI
$8.8K $10.60/SF
Area
Grand Rapids, MI
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$176,640
Cap Rate 7%
$126,171
Cap Rate 9%
$98,133
Alternative Uses
Best Use
Multifamily LT 5
$126.2K
$110.4K – $147.2K
NOI $8,832 @ 7.0% cap · market cap 4.42%
Second Best
Apartment 5plus
$113.0K
$98.8K – $131.8K
NOI $7,907 @ 7.0% cap · market cap 3.96%
Theoretical Best
Specialty Retail
$193.3K
$169.2K – $225.5K
NOI $13,532 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
788
Businesses Nearby
Explore this area
Business Placement
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
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 - Duplex with new furnace, water heater, and roof.
Where is this duplex located?
The property is located at 914 Fulton Street West Grand Rapids, MI.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Value‑add opportunity to increase equity through improvements, especially in the 3 bed / 1 bath unit.; New furnace, new water heater, and new roof provide immediate cost savings and peace of mind.; Located in an area experiencing fresh development and revitalization, offering long‑term upside potential.
