429 Laurel Street SW, Grand Rapids, MI 49503

$329,000
Property Type: Multi Family Lot Size (sq. ft.): 5,750 Status: Pending
Current Price: $329,000 List Date: 2/06/2026 Last Modified: 3/15/2026

Description

Income-producing 3-unit property consisting of one duplex and one single-family home. All units are currently occupied with a combined monthly rent of $3,550, exceeding the 1% rule. The duplex recently completed a ''Get the Lead Out'' inspection with significant improvements made, and the lower unit was fully remodeled prior to the current tenancy. The single-family home features a long-term tenant of over 10 years, and the upper duplex unit is also occupied by a long-term tenant. Strong rental history with reliable tenants and consistent payments. Solid cash-flow opportunity for an investor seeking stability over flash. This property is professionally managed and management can continue. An inspection report provided by the management company United Properties is in the attached documents.

More Information MLS# 26004398

Location & Property Info

Cross Streets: Cesar Chaves Av 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: 50*115 Financial Available: No Road Frontage: 50 Cert of Compliance: Yes Waterfront: No Basement: Yes Total # Units: 3 # of Diff Unit Floor Plans: 3 Total # Bldgs: 2 Total Parking Spaces: 0 School District: Grand Rapids Lot Measurement: Acres Lot Square Footage: 5750 Lot Acres: 0.13 Year Built: 1900

Tax Info

Taxable Value: 82865 SEV: 146800 For Tax Year: 2025 Seller's Annual Property Tax: 4250 Tax Year: 2025 Homestead %: 0 Spec Assessment & Ty: N/A Zoning: Res Tax ID #: 41-13-36-182-008

Remarks & Misc

Public Remarks: Income-producing 3-unit property consisting of one duplex and one single-family home. All units are currently occupied with a combined monthly rent of $3,550, exceeding the 1% rule. The duplex recently completed a ''Get the Lead Out'' inspection with significant improvements made, and the lower unit was fully remodeled prior to the current tenancy. The single-family home features a long-term tenant of over 10 years, and the upper duplex unit is also occupied by a long-term tenant. Strong rental history with reliable tenants and consistent payments. Solid cash-flow opportunity for an investor seeking stability over flash. This property is professionally managed and management can continue. An inspection report provided by the management company United Properties is in the attached documents. Legal: LOT 13 BLK 2* GODFREY & WHITE S ADDITION

Street Type

Paved: 1

Util Avail at Street

Electricity Available: 1 Natural Gas Available: 1 Public Sewer: 1 Public Water: 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

Exterior Material

Vinyl Siding: 1

Roofing

Composition: 1

Heat Source

Natural Gas: 1

Sale Conditions

REO/Bank Owned: 1

Heat Type

Forced Air: 1

Access Feat

Accessibility Features: No

Tenant Pays

Electric: 1 Gas: 1 Trash: 1

Driveway

Unpaved: 1

Substructure

Crawl Space: 1 Michigan Basement: 1

Owner Pays

Sewer: 1 Water: 1

Unit 1

Unit #: 1 Unit Description: lower SqFt: 940 Occupied: Yes Monthly Rent: 1370 Bedrooms: 3 Bathrooms: 1 Full Baths: 1

Unit 2

Unit Description: upper SqFt: 840 Occupied: Yes Monthly Rent: 1125 Bedrooms: 2 Bathrooms: 1 Full Baths: 1

Unit 3

Unit #: 3 Unit Description: Laurel SqFt: 850 Occupied: Yes Monthly Rent: 1055 Bedrooms: 2 Bathrooms: 1 Full Baths: 1

Possession

Close Of Escrow: 1

Location Property Info

County: Kent Street #: 429 Street Name: Laurel Suffix: Street Post Direction: SW State: MI Zip Code: 49503 Zip (4): 4972

OfficeContract Info

Status: Pending Current Price: $329,000 List Price: $329,000 Listing Date: 2026-02-06

Remarks Misc

Directions: MLK to Oakland north to the property

Status Change Info

Under Contract Date: 2026-02-09

Property Features

Exterior Material: Vinyl Siding Roofing: Composition Substructure: Crawl Space; 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; Storm Sewer Owner Pays: Sewer; Water Tenant Pays: Electric; Gas; Trash Heat Source: Natural Gas Heat Type: Forced Air Driveway: Unpaved Street Type: Paved Terms Available: Cash; Conventional Possession: Close Of Escrow Sale Conditions: REO/Bank Owned
Listing Office: United Realty Services LLC
Listing Agent: Timothy J VandenToorn
IDX
Last Updated: March - 15 - 2026
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