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$195,000

  • Sold
  • Closed
  • Single Family
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Property beats the 1% Rule! Excellent opportunity to own a two-unit residential rental property in the heart of downtown Grand Rapids. $2300/mo rents. Each unit features 1 bedroom, 1 bath, with long-term tenants already in place. All utilities are split, with tenants covering electricity, gas, and trash, while the owner pays for water and sewer-making for a low-maintenance investment. The upstairs unit has been updated with granite countertops, a stainless steel refrigerator and stove, adding value and appeal. The lower unit includes a basement laundry hookup, offering additional convenience for tenants. With strong rental demand in this prime location, there is significant potential to improve rent over time, increasing cash flow and long-term returns. Don't miss this solid investment opportunity in a growing market! Back on market due to buyer financing.

Full Property Details for 1403 Turner Ave NW

General

  • Sold For: $195,000
  • Taxes: $1,435
  • Status: Closed
  • Type: Single Family
  • Source: SWMRIC_MLS
  • MLS ID: 25012461
  • Added to Site: 260 day(s) ago

Interior

  • Number of Fireplaces: 1

Location

  • Area: Grand Rapids - G
  • County: Kent
  • Cross Streets: Richmond and Turner
  • Driving Directions: Webster to Turner and turn south

Heating & Cooling

  • Heating Type: Baseboard, Forced Air

Utilities

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

Structural Information

  • # Buildings: 1
  • Construction: Vinyl Siding
  • Basement: Yes
  • Roof: Composition
  • Year Built: 1905

Lot Features

  • Lot Size (Acres): 0.06
  • Lot Size (Sq. Ft.): 2,483
  • Frontage: Paved
  • Lot Features: Level, Sidewalk
  • Zoning: RMNW2_RES MULTI

Financial Considerations

  • Tax Amount: $1,435
  • Terms: Cash, Conventional
  • Landlord Pays: Water, Sewer
  • Tenant Pays: Electricity, Trash, Gas

Disclosures and Reports

  • Legal Description: E 75 FT OF N 33 FT OF LOT 146* LEONARD & CO S ADDITION
  • Property ID: 41-13-13-402-013

Listed by Moayyer Real Estate, April Moayyer and Anthony Moayyer
Sold by Keller Williams Realty Rivertown, Christopher A Patrick

Listing agents

— 1403 Turner Ave NW —

  • April Moayyer

    Moayyer Real Estate

  • Anthony Moayyer

Get Pre-Approved Today

Be ready to buy your new home!

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 1403 Turner Ave NW

School District:Grand Rapids Public Schools
NameGradesDistance
Westwood Middle School
1525 Mount Mercy Drive Northwest, Grand Rapids, MI 49504
6-81.8 mi
Union High School, Grand Rapids, MI
1800 Tremont Boulevard Northwest, Grand Rapids, MI 49504
9-122 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 1403 Turner Ave NW

Date
Details
Price
Change
Source
9/08/2025
Sold
$195,000
-2.01%
MLS
7/30/2025
Price Reduced
$199,000
-5.19%
MLS
6/14/2025
Price Reduced
$209,900
-2.33%
MLS
5/29/2025
Price Reduced
$214,900
-4.45%
MLS
5/12/2025
Price Reduced
$224,900
-2.22%
MLS
4/02/2025
Price Reduced
$230,000
-7.96%
MLS
3/30/2025
Listed
$249,900
—
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 Moayyer Real Estate, April Moayyer and Anthony Moayyer
Sold by Keller Williams Realty Rivertown, Christopher A Patrick

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1403 Turner Avenue NW, Grand Rapids, MI 49504 (MLS# 25012461) is a Single Family property that was sold at $195,000 on September 08, 2025. Want to learn more about 1403 Turner Avenue NW? 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.