1402 North Avenue NE, Grand Rapids, MI 49505 (MLS# 26010097)

1402 North Avenue NE, Grand Rapids, MI 49505

$360,000

Property Type: Multi Family Status: Active

Current Price: $360,000 List Date: 3/16/2026 Last Modified: 6/19/2026

Overview

Description

Fully rented 3-unit investment property generating $3,300/month in rental income in Grand Rapids! This is a great opportunity for investors looking for a turnkey income-producing property or a potential DSCR loan opportunity. This unique parcel includes both a duplex and a fully renovated single-family home. The single-family home was taken down to the studs in 2022 and features updated HVAC, central air, electrical, plumbing, windows, and stainless steel appliances. That unit is currently rented for $1,300/month. The duplex is also fully occupied and includes a 2-bedroom, 2-bath lower unit rented at $900/month and a 1-bedroom, 1-bath upper unit rented at $900/month. The duplex roof has recently been replaced, adding additional value and peace of mind for the next owner. Whether you're looking to expand your rental portfolio, add a cash-flowing asset, or take advantage of Grand Rapids investment property demand, this is an opportunity you won't want to miss

Listing Details MLS# 26010097

Location Property Info

County: Kent
Street #: 1402
Street Name: North
Suffix: Avenue
Post Direction: NE
State: MI
Zip Code: 49505

General Property Info

Lot Measurement: Acres
Lot Dimensions: 44x49x25x49x19x99
Year Built: 1890
New Construction: No
Financial Available: Yes
Cert of Compliance: Yes
Road Frontage: 44.87
Total # Units: 3
# of Diff Unit Floor Plans: 3
Total # Bldgs: 2
Waterfront: No
School District: Grand Rapids
Basement: Yes
Total Parking Spaces: 0

Tax Info

Tax ID #: 41-14-18-451-002
Taxable Value: 100615
SEV: 129500
For Tax Year: 2026
Seller's Annual Property Tax: 5030
Tax Year: 2025
Spec Assessment & Ty: No
Zoning: Res improved
Homestead %: 0

Remarks Misc

Directions: North of Leonard to North St.

Access Feat

Accessibility Features: No

More Information

Unit 1

Unit Description: Lower Unit
SqFt: 700
Occupied: Yes
Monthly Rent: 900
Bathrooms: 2
Full Baths: 2

Unit 2

Unit Description: Upper Unit
SqFt: 700
Occupied: No
Monthly Rent: 900
Bathrooms: Yes
Full Baths: Yes

Unit 3

Unit Description: Single Family
SqFt: 900
Occupied: No
Monthly Rent: 1300
Bathrooms: 2
Full Baths: Yes
Half Baths: Yes

Location & Property Info

Cross Streets: Fernando and Spencer
Property Sub-Type: 2 to 4 Units
Municipality: City of Grand Rapids

Office/Contract Info

Auction or For Sale: For Sale

Remarks & Misc

Public Remarks: Fully rented 3-unit investment property generating $3,300/month in rental income in Grand Rapids! This is a great opportunity for investors looking for a turnkey income-producing property or a potential DSCR loan opportunity. This unique parcel includes both a duplex and a fully renovated single-family home. The single-family home was taken down to the studs in 2022 and features updated HVAC, central air, electrical, plumbing, windows, and stainless steel appliances. That unit is currently rented for $1,300/month. The duplex is also fully occupied and includes a 2-bedroom, 2-bath lower unit rented at $900/month and a 1-bedroom, 1-bath upper unit rented at $900/month. The duplex roof has recently been replaced, adding additional value and peace of mind for the next owner. Whether you're looking to expand your rental portfolio, add a cash-flowing asset, or take advantage of Grand Rapids investment property demand, this is an opportunity you won't want to miss
Legal: S 44.87 FT OF LOT 1 BLK 2 & S 19.87 FT OF LOT 2 BLK 2* PAGE S SUBDIVISION* OF BLOCKS 16 & 17 STEWART & IVES ADDITION

Lot Description

Sidewalk: Yes

Street Type

Public: Yes

Util Avail at Street

Cable Available: Yes
Electricity Available: Yes
Natural Gas Available: Yes
Public Sewer: Yes
Public Water: Yes
Storm Sewer: Yes

Utilities Attached

Electricity Connected: Yes
Natural Gas Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Terms Available

Cash: Yes
Conventional: Yes
FHA: Yes
VA Loan: Yes

Laundry Features

Laundry Room: Yes

Exterior Material

Vinyl Siding: Yes

Roofing

Composition: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Heat Type

Forced Air: Yes

Tenant Pays

Electric: Yes
Gas: Yes

Driveway

None: Yes

Substructure

Crawl Space: Yes
Full: Yes

Owner Pays

Water: Yes

Possession

Close Of Escrow: Yes

Property Features

Laundry Features: Laundry Room Exterior Material: Vinyl Siding Roofing: Composition Substructure: Crawl Space; Full Lot Description: Sidewalk Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected; Natural Gas Connected Util Avail at Street: Cable Available; Electricity Available; Natural Gas Available; Public Sewer; Public Water; Storm Sewer Owner Pays: Water Tenant Pays: Electric; Gas Heat Source: Natural Gas Heat Type: Forced Air Driveway: None Street Type: Public Terms Available: Cash; Conventional; FHA; VA Loan Possession: Close Of Escrow Sale Conditions: None

Listing Office: Five Star Real Estate (Grandv)

Listing Agent: Anthony Hernandez

Last Updated: June - 19 - 2026

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.