Property Type:
Multi Family
Lot Size (sq. ft.):
6,447
Status:
Active
Current Price:
$350,000
List Date:
12/16/2025
Last Modified:
12/17/2025
1012 Prospect Avenue SE, Grand Rapids, MI 49507
New Listing
$350,000
Description
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.
More Information MLS# 25061399
Location & Property Info
Cross Streets: Delaware & Prospect
Property Sub-Type: 2 to 4 Units
Municipality: City of Grand Rapids
Office/Contract Info
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: 46 X 140
Road Frontage: 46
Cert of Compliance: Yes
Waterfront: No
Basement: Yes
Total # Units: 4
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Total Parking Spaces: 4
School District: Grand Rapids
Lot Measurement: Acres
Lot Square Footage: 6447
Lot Acres: 0.15
Year Built: 1900
Tax Info
Taxable Value: 65780
SEV: 171900
For Tax Year: 2025
Seller's Annual Property Tax: 4024.97
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: None Known
Zoning: RES
Tax ID #: 41-14-31-379-004
Remarks & Misc
Public Remarks: 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.
Legal: LOT 8* TIBBS ADDITION* ALSO LOT 680 DORAN S ASSESSOR S PLAT NO 21
Waterfront Options
Water Access Y/N: No
Street Type
Paved: 1
Util Avail at Street
Electricity Available: 1
Natural Gas Available: 1
Public Sewer: 1
Public Water: 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
Mineral Rights
Unknown: 1
Exterior Material
Shingle Siding: 1
Other: 1
Roofing
Rubber: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Air Conditioning
None: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Trash: 1
Driveway
Paved: 1
Substructure
Michigan Basement: 1
Extras
Sep Electric Meter: 1
Sep Gas Meter: 1
Owner Pays
Sewer: 1
Water: 1
Unit 1
Unit Description: 1
SqFt: 1144
Occupied: Yes
Monthly Rent: 1400
Bedrooms: 3
Bathrooms: 1
Full Baths: 1
Unit 2
Unit Description: 2
SqFt: 1144
Occupied: Yes
Monthly Rent: 1300
Bedrooms: 3
Bathrooms: 1
Full Baths: 1
Unit 3
Unit Description: 3
SqFt: 1144
Occupied: No
Monthly Rent: 1400
Bedrooms: 3
Bathrooms: 1
Full Baths: 1
Unit 4
Unit Description: 4
SqFt: 1144
Occupied: Yes
Monthly Rent: 1300
Bedrooms: 3
Bathrooms: 1
Full Baths: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Kent
Street #: 1012
Street Name: Prospect
Suffix: Avenue
Post Direction: SE
State: MI
Zip Code: 49507
Zip (4): 1111
Area: Grand Rapids - G
OfficeContract Info
Status: Active
Current Price: $350,000
List Price: $350,000
Listing Date: 2025-12-10
Property Features
Exterior Material: Shingle Siding; Other
Roofing: Rubber
Substructure: Michigan Basement
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at Street: Electricity Available; Natural Gas Available; Public Sewer; Public Water
Extras: Sep Electric Meter; Sep Gas Meter
Owner Pays: Sewer; Water
Tenant Pays: Electric; Gas; Trash
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: None
Driveway: Paved
Street Type: Paved
Mineral Rights: Unknown
Terms Available: Cash; Conventional
Possession: Close Of Escrow
Sale Conditions: None
Listing Office:
Grand River Realty
Listing Agent:
Tedros T Fremichael
Last Updated: December - 17 - 2025
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