Sold

$262,430

1308 Leonard St NW, Grand Rapids, MI 49504

4beds

2baths

1,720sqft

2 to 4 Units

Built in 1880

-- sqft lot

$299,100 Zestimate^®

$153/sqft

$1,674 Estimated rent

Home value

$299,100

$266,000 - $332,000

$1,674/mo

Zestimate^® history

Owner options

List your home for rent

$1,674/mo

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$1,674/mo

Rent Zestimate^®

Refinance and save

$1,670/mo

Est. payment

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$1,670/mo

Est. payment

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What's special

Introducing 1308 Leonard NW, a well-positioned two-unit home with a strong rental history. The property features a lower unit with 2 bedrooms and 1 bathroom, which includes access to a spacious basement. This unit is currently vacant and offers great potential as an owner-occupied residence or could generate rental income of up to $1,500 per month. The upper unit, also 2 bedrooms and 1 bathroom, is leased through July 2025 at a monthly rate of $1,200. This property is an excellent investment opportunity in a desirable location. Roof was new in 2016. Off street parking.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2

Heating

Forced Air

Features

Basement: Michigan Basement

Interior area

Total interior livable area: 1,720 sqft

Property

Parking

Total spaces: 3

Lot

Size: 0.9 Acres
Dimensions: 33 x 132

Details

Parcel number: 411323126008
Zoning description: res

Construction

Type & style

Home type: MultiFamily
Property subtype: 2 to 4 Units

Materials

Vinyl Siding
Roof: Composition

Condition

New construction: No
Year built: 1880

Utilities & green energy

Utilities for property: Electricity Connected

Community & HOA

Location

Region: Grand Rapids

Financial & listing details

Price per square foot: $153/sqft
Tax assessed value: $75,411
Annual tax amount: $3,738
Date on market: 10/4/2024
Listing terms: Cash,Conventional
Tenant pays: Electricity, Water, Sewer, Gas
Electric utility on property: Yes

Price history

Date	Event	Price
12/6/2024	Sold	$262,430-6.2%$153/sqft
Source: MichRIC #24047071 Report a problem
10/28/2024	Pending sale	$279,900$163/sqft
Source: MichRIC #24047071 Report a problem
10/9/2024	Price change	$279,900-6.7%$163/sqft
Source: MichRIC #24047071 Report a problem
10/4/2024	Listed for sale	$299,900$174/sqft
Source: MichRIC #24047071 Report a problem
9/26/2024	Pending sale	$299,900$174/sqft
Source: MichRIC #24047071 Report a problem
9/21/2024	Price change	$299,900+9.1%$174/sqft
Source: MichRIC #24047071 Report a problem
9/19/2024	Price change	$274,900-8.3%$160/sqft
Source: MichRIC #24047071 Report a problem
9/6/2024	Listed for sale	$299,900+47.7%$174/sqft
Source: MichRIC #24047071 Report a problem
10/7/2021	Sold	$203,000$118/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,911	$113,200 +10.2%
2024	--	$102,700 +67.8%
2021	$1,405	$61,200 +13.3%
2020	$1,405 +3.2%	$54,000 +25.9%
2019	$1,362	$42,900 +20.8%
2018	--	$35,500 +18.3%
2017	$1,335	$30,000 +10.3%
2016	$1,335	$27,200
2015	$1,335 +5%	$27,200 +3%
2013	$1,272	$26,400 -11.4%
2011	--	$29,800 -15.3%
2010	--	$35,200 -13.1%
2009	--	$40,500 +1.3%
2007	--	$40,000 -13.6%
2006	--	$46,300 +67.1%
2005	--	$27,701 +3.3%
2004	--	$26,817 +6.2%
2002	--	$25,248 +3.2%
2001	--	$24,466