Sold

$580,000

1035 Wealthy St SE, Grand Rapids, MI 49506

3beds

2,700sqft

Single Family Residence

Built in 1900

2,613 Square Feet Lot

$503,000 Zestimate^®

$215/sqft

$2,232 Estimated rent

Home value

$503,000

$438,000 - $568,000

$2,232/mo

Zestimate^® history

Owner options

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$2,232/mo

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$2,232/mo

Rent Zestimate^®

Refinance and save

$3,662/mo

Est. payment

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$3,662/mo

Est. payment

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What's special

A rare mixed-use building located in Eastown, Grand Rapids, featuring two distinct units: ✖️Residential Unit: A spacious 3-bedroom, 1-bathroom apartment with a rooftop deck. ✖️Commercial Unit: Currently leased to Scorpion Coffee, offering a well-designed space with a side yard patio. Situated in the heart of Eastown, one of Grand Rapids' most vibrant neighborhoods, the area is known for its historic architecture, walkability, and diverse mix of local businesses. Nearby, you'll find popular spots like Terra GR, The Electric Cheetah, Harmony Brewing Company, Yesterdog, and Wolfgang's Restaurant, along with a variety of boutiques and community spaces. ✖️pro forma Cap Rate: ~8.9%.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Heating

Forced Air

Appliances

Laundry: Upper Level

Features

Basement: Michigan Basement,Partial
Has fireplace: No

Interior area

Total structure area: 2,700
Total interior livable area: 2,700 sqft
Finished area below ground: 0

Property

Features

Stories: 2

Lot

Size: 2,613 Square Feet
Dimensions: 75 x 32

Details

Parcel number: 411429380032
Zoning description: TN-TBA

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Wood Siding

Condition

New construction: No
Year built: 1900

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Location

Region: Grand Rapids

Financial & listing details

Price per square foot: $215/sqft
Tax assessed value: $193,900
Annual tax amount: $7,372
Date on market: 3/30/2025
Listing terms: Cash,Conventional

Price history

Date	Event	Price
4/21/2025	Sold	$580,000-2.5%$215/sqft
Source: MichRIC #25012441 Report a problem
4/5/2025	Pending sale	$595,000$220/sqft
Source: MichRIC #25012441 Report a problem
3/30/2025	Listed for sale	$595,000+48.8%$220/sqft
Source: MichRIC #25012441 Report a problem
3/4/2025	Sold	$400,000+77.8%$148/sqft
Source: Public Record Report a problem
8/30/2016	Sold	$225,000$83/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$6,965	$193,900 +16.9%
2024	--	$165,800 +22.4%
2021	$3,637	$135,500 +16.5%
2020	$3,637 -4.1%	$116,300 +20.1%
2019	$3,794	$96,800 +29.9%
2018	--	$74,500 +21.1%
2017	$3,290	$61,500 +28.9%
2016	$3,290	$47,700
2015	$3,290 +159.7%	$47,700 +10.2%
2013	$1,267	$43,300