Property Type:
Multi Family
Lot Size (sq. ft.):
4,008
Status:
Active
Current Price:
$375,000
List Date:
3/04/2026
Last Modified:
3/04/2026
301 Spencer Street NE, Grand Rapids, MI 49505
New Listing
$375,000
Description
Turnkey fully rented duplex in a prime NE Grand Rapids location! This well-maintained property features two occupied units providing immediate cash flow, making it an excellent investment opportunity. Each unit offers a functional layout, spacious living areas, and strong rental appeal in a high-demand area. Located just minutes from downtown, parks, shopping, and major highways, the property combines convenience with long-term rental stability. Whether you're looking to expand your portfolio or secure a reliable income-producing asset, this fully leased duplex is a solid addition in a growing market. There are two different addresses for the units since it is a corner lot. 1400 Lafayette and 301 Spencer.
More Information MLS# 26007870
Location & Property Info
Cross Streets: Spencer & Lafayette
Property Sub-Type: 2 to 4 Units
Municipality: City of Grand Rapids
Ownership Type: Private Owned
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 162.62
General Property Info
New Construction: No
Lot Dimensions: 50x80
Financial Available: No
Road Frontage: 50
Cert of Compliance: Yes
Waterfront: No
Basement: Yes
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 2306
Total Parking Spaces: 0
School District: Grand Rapids
Lot Measurement: Acres
Lot Square Footage: 4008
Lot Acres: 0.09
Year Built: 1910
Tax Info
Taxable Value: 134732
SEV: 135900
For Tax Year: 2025
Seller's Annual Property Tax: 6775
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: None
Zoning: RES
Tax ID #: 41-14-18-337-023
Remarks & Misc
Public Remarks: Turnkey fully rented duplex in a prime NE Grand Rapids location! This well-maintained property features two occupied units providing immediate cash flow, making it an excellent investment opportunity. Each unit offers a functional layout, spacious living areas, and strong rental appeal in a high-demand area. Located just minutes from downtown, parks, shopping, and major highways, the property combines convenience with long-term rental stability. Whether you're looking to expand your portfolio or secure a reliable income-producing asset, this fully leased duplex is a solid addition in a growing market. There are two different addresses for the units since it is a corner lot. 1400 Lafayette and 301 Spencer.
Legal: S 80 FT OF LOT 16 BLK 13* A L SKINNER S ADDITION
Waterfront Options
Water Access Y/N: No
Lot Description
Corner Lot: 1
Level: 1
Sidewalk: 1
Street Type
Public: 1
Util Avail at Street
Natural Gas Available: 1
Public Sewer: 1
Storm Sewer: 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
FHA: 1
MSHDA: 1
VA Loan: 1
Mineral Rights
No: 1
Laundry Features
In Unit: 1
Exterior Material
Vinyl Siding: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Air Conditioning
Wall Unit(s): 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Trash: 1
Driveway
None: 1
Substructure
Michigan Basement: 1
Owner Pays
None: 1
Unit 1
Unit #: 1
Unit Description: 1400 Layfayette
SqFt: 1100
Occupied: Yes
Monthly Rent: 1650
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Range Oven: 1
Refrigerator: 1
Washer/Dryer: 1
Unit 2
Unit #: 2
Unit Description: 301 Spencer
SqFt: 1200
Occupied: Yes
Monthly Rent: 1650
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Washer/Dryer: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Kent
Street #: 301
Street Name: Spencer
Suffix: Street
Post Direction: NE
State: MI
Zip Code: 49505
Zip (4): 5024
OfficeContract Info
Status: Active
Current Price: $375,000
List Price: $375,000
Listing Date: 2026-03-03
Property Features
Laundry Features: In Unit
Exterior Material: Vinyl Siding
Roofing: Composition
Substructure: Michigan Basement
Lot Description: Corner Lot; Level; Sidewalk
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at Street: Natural Gas Available; Public Sewer; Storm Sewer
Owner Pays: None
Tenant Pays: Electric; Gas; Trash
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Wall Unit(s)
Driveway: None
Street Type: Public
Mineral Rights: No
Terms Available: Cash; Conventional; FHA; MSHDA; VA Loan
Possession: Close Of Escrow
Sale Conditions: None
Unit 1: Range Oven; Refrigerator; Washer/Dryer
Unit 2: Range/Oven; Refrigerator; Washer/Dryer
Listing Office:
Liz Rhoda & Co
Listing Agent:
Carter F Rohman
Last Updated: March - 04 - 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.
