Sold

$351,000

1012 Prospect Ave SE, Grand Rapids, MI 49507

12beds

4baths

4,576sqft

2 to 4 Units

Built in 1900

-- sqft lot

$351,800 Zestimate^®

$77/sqft

$1,494 Estimated rent

Home value

$351,800

$334,000 - $369,000

$1,494/mo

Zestimate^® history

Owner options

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$1,494/mo

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$1,494/mo

Rent Zestimate^®

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$2,202/mo

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$2,202/mo

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What's special

Convenient off-street parking

Investment Opportunity in Grand Rapids! Welcome to 1012 Prospect Avenue SE, a large and 4-plex located in the Baxter/SE Grand Rapids area. Each unit offers three bedrooms and one full bathroom. Current rents include Unit 1 at $1,400, Unit 2 at $1,300, Unit 3 with previous rent at $1,400 (vacant), and Unit 4 at $1,300. The property features separate utilities and convenient off-street parking. Three of the four units are presently occupied with month-to-month tenants, offering immediate income and flexibility for future improvements or rent adjustments. Situated close to schools, parks, shopping, and public transit, this property delivers steady cash flow with significant potential for value growth. Property sold as is. Showing all 4 units Saturday 20th only. Offers received, offer deadline 6pm Sat 20th.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 12
Bathrooms: 4

Heating

Forced Air

Cooling

None

Features

Basement: Michigan Basement

Interior area

Total interior livable area: 4,576 sqft

Property

Parking

Total spaces: 4
Parking features: Paved

Lot

Size: 6,534 Square Feet
Dimensions: 46 x 140

Details

Parcel number: 411431379004
Zoning description: RES

Construction

Type & style

Home type: MultiFamily
Property subtype: 2 to 4 Units

Materials

Shingle Siding, Other
Roof: Rubber

Condition

New construction: No
Year built: 1900

Utilities & green energy

Sewer: Public Sewer
Utilities for property: Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected

Community & HOA

Location

Region: Grand Rapids

Financial & listing details

Price per square foot: $77/sqft
Tax assessed value: $65,780
Annual tax amount: $4,024
Date on market: 12/16/2025
Listing terms: Cash,Conventional
Tenant pays: Electricity, Gas
Electric utility on property: Yes
Road surface type: Paved

Price history

Date	Event	Price
1/27/2026	Sold	$351,000+0.3%$77/sqft
Source: MichRIC #25061399 Report a problem
12/22/2025	Pending sale	$350,000$76/sqft
Source: MichRIC #25061399 Report a problem
12/16/2025	Listed for sale	$350,000$76/sqft
Source: MichRIC #25061399 Report a problem
12/13/2025	Pending sale	$350,000$76/sqft
Source: MichRIC #25061399 Report a problem
12/10/2025	Listed for sale	$350,000+410.9%$76/sqft
Source: MichRIC #25061399 Report a problem
2/12/2014	Sold	$68,500-2%$15/sqft
Source: Public Record Report a problem
8/15/2013	Listed for sale	$69,900-12.5%$15/sqft
Source: RE/MAX SunQuest (Cascade) #13003754 Report a problem
6/28/2013	Listing removed	$79,900$17/sqft
Source: RE/MAX SunQuest (Cascade) #13003754 Report a problem
3/27/2013	Price change	$79,900-11.1%$17/sqft
Source: RE/MAX SunQuest #13003754 Report a problem
1/18/2013	Listed for sale	$89,900+399.4%$20/sqft
Source: RE/MAX SunQuest #13003754 Report a problem
9/22/2008	Sold	$18,000-85.8%$4/sqft
Source: Public Record Report a problem
10/24/2007	Sold	$127,110-18%$28/sqft
Source: Public Record Report a problem
5/13/2005	Sold	$155,000+27%$34/sqft
Source: Public Record Report a problem
2/19/2003	Sold	$122,000$27/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,309	$171,900 +10.5%
2024	--	$155,600 +44.6%
2021	$2,893	$107,600 +15.5%
2020	$2,893 +3.2%	$93,200 +15.9%
2019	$2,805	$80,400 +16.4%
2018	--	$69,100 +34.4%
2017	$2,750	$51,400 -3.7%
2016	$2,750	$53,400
2015	$2,750 +0.7%	$53,400 +5.1%
2013	$2,730	$50,800 -16.2%
2011	--	$60,600 -9.3%
2010	--	$66,800 -11.3%
2009	--	$75,300 +63.7%
2007	--	$46,000 +2.9%
2006	--	$44,694 +3.7%
2005	--	$43,100 +20.4%
2004	--	$35,805 +26.1%
2002	--	$28,400 +39.9%
2001	--	$20,295