538 Spencer Street NE, Grand Rapids, MI 49505

New Listing
$250,000
Property Type: Multi Family Lot Size (sq. ft.): 4,573 Status: Active
Current Price: $250,000 List Date: 3/04/2026 Last Modified: 3/04/2026

Description

Excellent investment opportunity in the highly desirable and rapidly growing Creston neighborhood. Conveniently situated near parks, restaurants, bars, schools, shopping, and offering a quick commute to downtown Grand Rapids, this property checks all the boxes for location and long-term potential. Ideal as a buy-and-hold investment or for an owner-occupant looking to house hack, this property offers flexibility to fit a variety of strategies. Professionally managed and well-maintained, the current management company is willing to continue services, providing a smooth and seamless transition for the next owner if desired.

More Information MLS# 26007926

Location & Property Info

Cross Streets: Paris & Union 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: 53X86 Road Frontage: 53 Cert of Compliance: Yes Waterfront: No Basement: Yes Total # Units: 2 # of Diff Unit Floor Plans: 2 Total # Bldgs: 1 Total Parking Spaces: 2 School District: Grand Rapids Lot Measurement: Acres Lot Square Footage: 4573 Lot Acres: 0.11 Year Built: 1898

Tax Info

Taxable Value: 85250 SEV: 115000 For Tax Year: 2025 Seller's Annual Property Tax: 4235 Tax Year: 2025 Homestead %: 0 Spec Assessment & Ty: N/A Zoning: Res Tax ID #: 411418454001

Remarks & Misc

Public Remarks: Excellent investment opportunity in the highly desirable and rapidly growing Creston neighborhood. Conveniently situated near parks, restaurants, bars, schools, shopping, and offering a quick commute to downtown Grand Rapids, this property checks all the boxes for location and long-term potential. Ideal as a buy-and-hold investment or for an owner-occupant looking to house hack, this property offers flexibility to fit a variety of strategies. Professionally managed and well-maintained, the current management company is willing to continue services, providing a smooth and seamless transition for the next owner if desired. Legal: W 1/2 OF LOTS 19 & 20 * MUELLER & OESTERLE SUBDIVISION* OF PART OF BLOCK 18 STEWART & IVES ADDITION

Lot Description

Corner Lot: 1 Level: 1 Sidewalk: 1

Street Type

Paved: 1

Util Avail at Street

Electricity Available: 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

Vinyl Siding: 1

Heat Source

Natural Gas: 1

Sale Conditions

None: 1

Heat Type

Forced Air: 1

Access Feat

Accessibility Features: No

Tenant Pays

Electric: 1 Gas: 1

Driveway

Unpaved: 1

Substructure

Michigan Basement: 1

Extras

Sep Electric Meter: 1 Sep Gas Meter: 1

Owner Pays

Sewer: 1 Trash Collection: 1 Water: 1

Unit 1

Unit #: 1 Unit Description: Unit 1 SqFt: 920 Occupied: Yes Monthly Rent: 975 Bedrooms: 2 Bathrooms: 1 Full Baths: 1 Deck/Patio: 1 Range Oven: 1 Refrigerator: 1 Washer/Dryer: 1

Unit 2

Unit #: 2 Unit Description: Unit 2 SqFt: 820 Occupied: Yes Monthly Rent: 975 Bedrooms: 1 Bathrooms: 1 Full Baths: 1 Deck/Patio: 1 Range/Oven: 1 Refrigerator: 1

Possession

Subject To Tenant Rights: 1

Location Property Info

County: Kent Street #: 538 Street Name: Spencer Suffix: Street Post Direction: NE State: MI Zip Code: 49505

OfficeContract Info

Status: Active Current Price: $250,000 List Price: $250,000 Listing Date: 2026-03-04

Remarks Misc

Directions: Leonard To College N To Spencer, E To Home.

Property Features

Exterior Material: Vinyl Siding 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: Electricity Available Extras: Sep Electric Meter; Sep Gas Meter Owner Pays: Sewer; Trash Collection; Water Tenant Pays: Electric; Gas Heat Source: Natural Gas Heat Type: Forced Air Driveway: Unpaved Street Type: Paved Mineral Rights: Unknown Terms Available: Cash; Conventional Possession: Subject To Tenant Rights Sale Conditions: None Unit 1: Deck/Patio; Range Oven; Refrigerator; Washer/Dryer Unit 2: Deck/Patio; Range/Oven; Refrigerator
Listing Office: Apex Realty Group
Listing Agent: Chadwick W Jurgens
IDX
Last Updated: March - 04 - 2026
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