Properties for sale in Michigan

622 Stanley Terrace NE, Grand Rapids, MI 49503

New Listing

$384,900

Property Type: Multi Family Lot Size (sq. ft.): 4,269 Status: Active

Current Price: $384,900 List Date: 9/16/2026 Last Modified: 9/16/2026

Overview

Description

Great investment opportunity in Grand Rapids! Situated on a quiet cul-de-sac, this tenant-occupied duplex features two units, each offering 2 bedrooms and 1 full bath, with separate electric service for each unit. One unit is currently leased on a month-to-month basis, while the other lease runs through February 2027. Tenant rights apply. Recent 2026 improvements include a new roof, fresh exterior paint on the upper portion of the home, new exterior stairs and upper rear deck, plus a new upper front deck. Enjoy a quiet residential setting while still being within walking distance of downtown Grand Rapids, restaurants, shopping, entertainment, and more. An excellent opportunity for investors looking to add a well-located multi-family property to their portfolio. Please do not disturb tenants. Minimum 48-hour notice required for all showings. Tenant rights apply. Owner is a licensed real estate agent in the State of Michigan.

Listing Details MLS# 26049352

Location Property Info

County: Kent
Street #: 622
Street Name: Stanley
Suffix: Terrace
Post Direction: NE
State: MI
Zip Code: 49503
Zip (4): 3428

General Property Info

Lot Measurement: Acres
Lot Square Footage: 4269
Lot Acres: 0.1
Lot Dimensions: 44 x 97
Year Built: 1900
New Construction: No
Financial Available: Yes
Financial Comments: Call Listing agent
Cert of Compliance: Yes
Road Frontage: 44
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: Yes
Total Approx. SqFt All Bldgs: 1920
Total Parking Spaces: 2
Waterfront: No
School District: Grand Rapids

Tax Info

Tax ID #: 41-14-30-280-023
Taxable Value: 139215
SEV: 147400
For Tax Year: 2025
Seller's Annual Property Tax: 7188.4
Tax Year: 2025
Homestead %: 50
Spec Assessment & Ty: no
Zoning: RMMM2_RES MULTI

Remarks Misc

Directions: N off Fulton on to Union. East on to Stanley Terrace.

Access Feat

Accessibility Features: No

More Information

Unit 1

Unit #: Yes
Unit Description: 2bed/1 bath
SqFt: 940
Occupied: No
Bathrooms: Yes
Full Baths: Yes

Unit 2

Unit #: 2
Unit Description: 2 bed/ 1 bath
SqFt: 980
Occupied: No
Bathrooms: Yes
Full Baths: Yes

Property Features

Laundry Features: Lower Level Exterior Material: Wood Siding Roofing: Composition Substructure: Full Lot Description: Sidewalk; Wooded Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at Street: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available; Public Sewer; Public Water; Storm Sewer Extras: Sep Electric Meter Owner Pays: Gas; Sewer; Water Tenant Pays: Electric Heat Source: Natural Gas Heat Type: Forced Air Driveway: Aggregate Street Type: Paved Mineral Rights: Unknown Terms Available: Cash; Conventional Possession: Close Of Escrow Sale Conditions: None Unit 1: Deck/Patio; Dishwasher; Fireplace; Range Oven; Refrigerator; Washer/Dryer Unit 2: Deck/Patio; Dishwasher; Range/Oven; Refrigerator; Washer/Dryer

Listing Office: Five Star Real Estate (Ada)

Listing Agent: Charles Laufer

Last Updated: September - 16 - 2026

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