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$323,000
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Property 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(2026), 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
Full Property Details
Full Property Details for 1402 North Ave NE
General
- Sold For: $323,000
- Taxes: $5,030
- Status: Closed
- Type: Single Family
- Source: SWMRIC_MLS
- MLS ID: 26010097
- Added to Site: 208 day(s) ago
Location
- County: Kent
- Cross Streets: Fernando and Spencer
- Driving Directions: North of Leonard to North St.
Heating & Cooling
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Cable Available: Yes
- Utility Description: Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Storm Sewer
Structural Information
- # Buildings: 2
- Construction: Vinyl Siding
- Basement: Yes
- Roof: Composition
- Year Built: 1890
Lot Features
- Lot Features: Sidewalk
- Zoning: Res improved
Financial Considerations
- Tax Amount: $5,030
- Terms: VA Loan, FHA, Cash, Conventional
- Landlord Pays: Water
- Tenant Pays: Electricity, Gas
Disclosures and Reports
- Legal Description: 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
- Property ID: 41-14-18-451-002
Listed by Five Star Real Estate (Grandv), Anthony Hernandez
Sold by Novosad Realty Partners, Barbara Glashouwer
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Schools
Schools serving 1402 North Ave NE
School District:Grand Rapids Public Schools
| Name | Grades | Distance |
|---|---|---|
Center For Economicology 1720 Plainfield Avenue Northeast, Grand Rapids, MI 49505 | 6- | 0.3 mi |
Kent Hills School 1445 Emerald Avenue Northeast, Grand Rapids, MI 49505 | K-5 | 0.6 mi |
John Ball Park Zoo School 1300 Fulton Street West, Grand Rapids, MI 49504 | 6- | 2.7 mi |
City High Middle School 1720 Plainfield Avenue Northeast, Grand Rapids, MI 49505 | 7-12 | 0.3 mi |
Riverside Middle School, Grand Rapids, MI 265 Eleanor Street Northeast, Grand Rapids, MI 49505 | 6-8 | 1.1 mi |
Grand Rapids University Preparatory Academy 512 Division Avenue South, Grand Rapids, MI 49503 | 6-12 | 2.4 mi |
Innovation Central High School 421 Fountain Street Northeast, Grand Rapids, MI 49503 | 9-12 | 1.5 mi |
Union High School, Grand Rapids, MI 1800 Tremont Boulevard Northwest, Grand Rapids, MI 49504 | 9-12 | 2.9 mi |
Blandford Nature Center 3143 Milo Street Northwest, Grand Rapids, MI 49534 | 6- | 4.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1402 North Ave NE
Date
Details
Price
Change
Source
10/08/2026
Sold
$323,000
-7.71%
MLS
7/09/2026
Price Reduced
$350,000
-2.78%
MLS
3/16/2026
Listed
$360,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1402 North Avenue NE, Grand Rapids, MI 49505 (MLS# 26010097) is a Single Family property that was sold at $323,000 on October 08, 2026. Want to learn more about 1402 North Avenue NE? 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.

