Grand Rapids, MI 49507

New Listing
$249,900
Property Type: Multi Family Lot Size (sq. ft.): 4,792 Status: Active
Current Price: $249,900 List Date: 4/21/2026 Last Modified: 4/21/2026

Overview

Description

Amazing Investment Opportunity in the Heart of Grand Rapids! Welcome to 510 Woodlawn St SE, a meticulously maintained duplex offering a fantastic opportunity for both seasoned and first-time investors. Located just steps from the vibrant Madison neighborhood and Alexander Park, this property sits in a highly desirable and convenient location. The upper 3-bedroom unit is currently leased, with both units historically generating $1,350 per month each. The property also includes a valid Certificate of Compliance, making it a true turnkey investment. The upper unit is occupied by reliable, long-term tenants who take excellent care of the home. This property checks all the boxes with strong rental income, solid condition, and compliance already in place. Don't miss your chance to add this exceptional duplex to your portfolio!

Listing Details MLS# 26016781

Location Property Info

County
Kent
State
MI
Zip Code
49507

General Property Info

Lot Measurement
Acres
Lot Square Footage
4792
Lot Acres
0.11
Lot Dimensions
40x125
Year Built
1900
New Construction
No
Cert of Compliance
Yes
Road Frontage
40
Total # Units
2
# of Diff Unit Floor Plans
2
Total # Bldgs
Yes
Total Parking Spaces
3
Waterfront
No
School District
Grand Rapids
Basement
Yes

Tax Info

Taxable Value
46311
SEV
103800
For Tax Year
2025
Seller's Annual Property Tax
2328.37
Tax Year
2025
Spec Assessment & Ty
N/A
Zoning
TN-LDR
Homestead %
0

Remarks Misc

Directions
East from US-131 on Hall Left on Madison Right on Woodlawn

Access Feat

Accessibility Features
No

More Information

Unit 1

Unit Description
Lower
SqFt
900
Occupied
No
Monthly Rent
1350
Bathrooms
Yes
Full Baths
Yes
Range Oven
Yes
Refrigerator
Yes
Sep. Heat System
Yes

Unit 2

Unit #
2
Unit Description
Upper
SqFt
900
Occupied
Yes
Monthly Rent
1350
Bathrooms
Yes
Full Baths
Yes
Range/Oven
Yes
Refrigerator
Yes
Sep. Heat System
Yes

Location & Property Info

Cross Streets
College Ave SE & Woodlawn
Property Sub-Type
2 to 4 Units
Municipality
City of Grand Rapids

Office/Contract Info

Auction or For Sale
For Sale

Remarks & Misc

Public Remarks
Amazing Investment Opportunity in the Heart of Grand Rapids! Welcome to 510 Woodlawn St SE, a meticulously maintained duplex offering a fantastic opportunity for both seasoned and first-time investors. Located just steps from the vibrant Madison neighborhood and Alexander Park, this property sits in a highly desirable and convenient location. The upper 3-bedroom unit is currently leased, with both units historically generating $1,350 per month each. The property also includes a valid Certificate of Compliance, making it a true turnkey investment. The upper unit is occupied by reliable, long-term tenants who take excellent care of the home. This property checks all the boxes with strong rental income, solid condition, and compliance already in place. Don't miss your chance to add this exceptional duplex to your portfolio!
Legal
LOT 76* WESTON & LOW S ADDITION

Street Type

Paved
Yes
Public
Yes

Util Avail at Street

Public Water
Yes

Utilities Attached

Electricity Connected
Yes
Natural Gas Connected
Yes

Sewer

Public Sewer
Yes

Water

Public Water
Yes

Terms Available

Cash
Yes
Conventional
Yes
FHA
Yes
MSHDA
Yes
VA Loan
Yes

Laundry Features

In Basement
Yes

Exterior Material

Vinyl Siding
Yes

Roofing

Composition
Yes

Heat Source

Natural Gas
Yes

Sale Conditions

None
Yes

Heat Type

Forced Air
Yes

Tenant Pays

Electric
Yes
Gas
Yes

Driveway

Concrete
Yes
Gravel
Yes

Substructure

Full
Yes

Owner Pays

Sewer
Yes
Trash Collection
Yes
Water
Yes

Possession

Close Of Escrow
Yes

Property Features

Laundry Features: In Basement Exterior Material: Vinyl Siding Roofing: Composition Substructure: Full Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected; Natural Gas Connected Util Avail at Street: Public Water Owner Pays: Sewer; Trash Collection; Water Tenant Pays: Electric; Gas Heat Source: Natural Gas Heat Type: Forced Air Driveway: Concrete; Gravel Street Type: Paved; Public Terms Available: Cash; Conventional; FHA; MSHDA; VA Loan Possession: Close Of Escrow Sale Conditions: None Unit 1: Range Oven; Refrigerator; Sep. Heat System Unit 2: Range/Oven; Refrigerator; Sep. Heat System
Listing Office: Keller Williams GR East
Listing Agent: Taylor Macias
IDX
Source MLS Verified
Last Updated: April - 21 - 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.