318 Diamond Avenue SE, Grand Rapids, MI 49503

$210,000
Property Type: Multi Family Lot Size (sq. ft.): 3,528 Status: Sold
Current Price: $210,000 List Date: 5/28/2026 Last Modified: 8/01/2026

Overview

Description

Welcome to this 2-unit duplex right in the heart of East Hills. Lower unit has 3 bedrooms and 1 bathroom and upper unit has 2 bedrooms and 1 bathroom. This house has a ton of potential as an owner-occupied home or your next investment property.Both units currently vacant, lower was rented out at $1,600 M2M and upper was rented out at $1,300 M2M.Located just minutes from downtown and the Medical Mile, this property offers convenient access to Cherry Street, Wealthy Street, and Eastown dining, coffee shops, breweries, boutique shopping, and entertainment. Whether you are looking to expand your investment portfolio or offset your mortgage by living in one unit and renting the other, this location offers strong long-term appeal for both lifestyle and rental demand.ALL OFFERS ARE DUE BY SUNDAY 5/31 BY 6 PM

Listing Details MLS# 26024806

Location Property Info

County
Kent
Street #
318
Street Name
Diamond
Suffix
Avenue
Post Direction
SE
State
MI
Zip Code
49503
Zip (4)
1547

General Property Info

Lot Measurement
Acres
Lot Square Footage
3528
Lot Acres
0.08
Lot Dimensions
41 x 125
Year Built
1905
New Construction
No
Financial Available
Yes
Cert of Compliance
No
Cert. of Compliance Exp Date
2022-08-29
Road Frontage
41
Total # Units
2
# of Diff Unit Floor Plans
2
Total # Bldgs
Yes
Total Approx. SqFt All Bldgs
1912
Total Parking Spaces
4
Waterfront
No
School District
Grand Rapids
Basement
Yes

Tax Info

Tax ID #
41-14-29-379-009
Taxable Value
133720
SEV
146100
For Tax Year
2025
Seller's Annual Property Tax
4500.07
Tax Year
2025
Spec Assessment & Ty
None Known
Zoning
Res
Homestead %
0

Remarks Misc

Directions
Grand Rapids MichiganGet on I-196 E from Michigan St NWContinue on I-196 E to College Ave NE. Take exit 78 from I-196 ETake Michigan St NE to Diamond Ave NE

Status Change Info

Under Contract Date
2026-06-01
Sold Date
2026-07-31
Sold Price/SqFt
109.83

More Information

Access Feat

Accessibility Features
No

Unit 1

Unit #
Yes
Unit Description
Lower
SqFt
1050
Occupied
No
Monthly Rent
1600
Bathrooms
Yes
Full Baths
Yes
Dishwasher
Yes
Range Oven
Yes
Refrigerator
Yes
Washer/Dryer
Yes

Unit 2

Unit #
2
Unit Description
Upper
SqFt
850
Occupied
No
Monthly Rent
1300
Bathrooms
Yes
Full Baths
Yes
Range/Oven
Yes
Refrigerator
Yes
Washer/Dryer
Yes

Location & Property Info

Cross Streets
Eastern & Wealthy
Property Sub-Type
2 to 4 Units
Municipality
City of Grand Rapids

Office/Contract Info

On-Market Date
2026-05-28
Auction or For Sale
For Sale
List Price/SqFt
117.68

Remarks & Misc

Public Remarks
Welcome to this 2-unit duplex right in the heart of East Hills. Lower unit has 3 bedrooms and 1 bathroom and upper unit has 2 bedrooms and 1 bathroom. This house has a ton of potential as an owner-occupied home or your next investment property.Both units currently vacant, lower was rented out at $1,600 M2M and upper was rented out at $1,300 M2M.Located just minutes from downtown and the Medical Mile, this property offers convenient access to Cherry Street, Wealthy Street, and Eastown dining, coffee shops, breweries, boutique shopping, and entertainment. Whether you are looking to expand your investment portfolio or offset your mortgage by living in one unit and renting the other, this location offers strong long-term appeal for both lifestyle and rental demand.ALL OFFERS ARE DUE BY SUNDAY 5/31 BY 6 PM
Legal
LOT 1671 EXCEPT N 34.35 FT THEREOF* STEINMANN S ASSESSOR S PLAT NO 58

Lot Description

Sidewalk
Yes

Street Type

Paved
Yes
Public
Yes

Util Avail at Street

Cable Available
Yes
Electricity Available
Yes
High Speed Internet
Yes
Natural Gas Available
Yes
Public Sewer
Yes
Public Water
Yes
Storm Sewer
Yes

Utilities Attached

Electricity Connected
Yes

Sewer

Public Sewer
Yes

Water

Public Water
Yes

Terms Available

Cash
Yes
Conventional
Yes

Mineral Rights

Unknown
Yes

Laundry Features

Main Level
Yes
Upper Level
Yes

Exterior Material

Vinyl Siding
Yes

Heat Source

Natural Gas
Yes

Sale Conditions

None
Yes

Heat Type

Baseboard
Yes

Air Conditioning

None
Yes

Tenant Pays

Electric
Yes
Gas
Yes

Driveway

Concrete
Yes

Substructure

Michigan Basement
Yes

Owner Pays

Electricity
Yes
Gas
Yes
Sewer
Yes
Water
Yes

Possession

Close Of Escrow
Yes
Subject To Tenant Rights
Yes

Property Features

Laundry Features: Main Level; Upper Level Exterior Material: Vinyl Siding Substructure: Michigan Basement Lot Description: Sidewalk Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected Util Avail at Street: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Public Sewer; Public Water; Storm Sewer Owner Pays: Electricity; Gas; Sewer; Water Tenant Pays: Electric; Gas Heat Source: Natural Gas Heat Type: Baseboard Air Conditioning: None Driveway: Concrete Street Type: Paved; Public Mineral Rights: Unknown Terms Available: Cash; Conventional Possession: Close Of Escrow; Subject To Tenant Rights Sale Conditions: None Unit 1: Dishwasher; Range Oven; Refrigerator; Washer/Dryer Unit 2: Range/Oven; Refrigerator; Washer/Dryer
IDX
Listing Office: Smallegan Real Estate
Listing Agent: Jacob Hills
Source MLS Verified
Last Updated: August - 01 - 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.