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$351,000

  • Sold
  • Closed
  • Single Family
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Investment Opportunity in Grand Rapids! Welcome to 1012 Prospect Avenue SE, a large and 4-plex located in the Baxter/SE Grand Rapids area. Each unit offers three bedrooms and one full bathroom. Current rents include Unit 1 at $1,400, Unit 2 at $1,300, Unit 3 with previous rent at $1,400 (vacant), and Unit 4 at $1,300. The property features separate utilities and convenient off-street parking. Three of the four units are presently occupied with month-to-month tenants, offering immediate income and flexibility for future improvements or rent adjustments. Situated close to schools, parks, shopping, and public transit, this property delivers steady cash flow with significant potential for value growth. Property sold as is. Showing all 4 units Saturday 20th only. Offers received, offer deadline 6pm Sat 20th.

Full Property Details for 1012 Prospect Ave SE

General

  • Sold For: $351,000
  • Taxes: $4,024
  • Status: Closed
  • Type: Single Family
  • Source: SWMRIC_MLS
  • MLS ID: 25061399
  • Added to Site: 77 day(s) ago

Parking

  • Total Spaces: 4
  • Parking Features: Paved

Location

  • Area: Grand Rapids - G
  • County: Kent
  • Cross Streets: Delaware & Prospect

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Forced Air

Utilities

  • Sewer: Public Sewer
  • Utility Description: Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected

Structural Information

  • # Buildings: 1
  • Construction: Shingle Siding, Other
  • Basement: Yes
  • Roof: Rubber
  • Year Built: 1900

Lot Features

  • Lot Size (Acres): 0.15
  • Lot Size (Sq. Ft.): 6,447
  • Frontage: Paved
  • Zoning: RES

Financial Considerations

  • Tax Amount: $4,024.97
  • Terms: Cash, Conventional
  • Landlord Pays: Water, Sewer
  • Tenant Pays: Electricity, Trash, Gas

Disclosures and Reports

  • Legal Description: LOT 8* TIBBS ADDITION* ALSO LOT 680 DORAN S ASSESSOR S PLAT NO 21
  • Property ID: 41-14-31-379-004

Listed by Grand River Realty, Tedros T Fremichael
Sold by Keller Williams GR East, Logan Laperriere

Listing agent

— 1012 Prospect Ave SE —

  • Tedros T Fremichael

    Grand River Realty

Get Pre-Approved Today

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with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1012 Prospect Ave SE

School District:Grand Rapids Public Schools
NameGradesDistance
Campus Elementary School
710 Benjamin Avenue Southeast, Grand Rapids, MI 49506
PK-51.2 mi
Alger Middle School
921 Alger Street Southeast, Grand Rapids, MI 49507
6-81.9 mi
Ottawa Hills High School
2055 Rosewood Avenue Southeast, Grand Rapids, MI 49506
9-122.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1012 Prospect Ave SE

Date
Details
Price
Change
Source
1/27/2026
Sold
$351,000
0.29%
MLS
12/10/2025
Listed
$350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Grand River Realty, Tedros T Fremichael
Sold by Keller Williams GR East, Logan Laperriere

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1012 Prospect Avenue SE, Grand Rapids, MI 49507 (MLS# 25061399) is a Single Family property that was sold at $351,000 on January 27, 2026. Want to learn more about 1012 Prospect Avenue SE? Do you have questions about finding other Single Family real estate for sale in Grand Rapids? You can browse all Grand Rapids real estate or contact a Coldwell Banker agent to request more information.