Unlock instant equity and strong cash flow at 1340 Plainfield Ave NE! Whether you are seeking a lucrative house-hack to live nearly rent-free or adding a high-performing asset to your portfolio, this versatile triplex delivers on all fronts. Newly Renovated & Vacant Units: Units 1 and 2 have been freshly updated from top to bottom. Intentionally left vacant for the sale, they are completely move-in ready for an owner-occupant or immediate market-rate tenant placement. Low Landlord Overhead: Split utilities put the power bills on the tenants, maximizing your net operating income. High-Demand Amenities: Features on-site laundry—a premier driver for tenant retention and premium rental rates in this corridor. Prime Location: Situated in the vibrant Creston neighborhood, tenants will love being minutes from local dining, parks, and quick access to Downtown Grand Rapids and major highways. Units 1,2, & common space available to tour anytime. Unit 3 only available after accepted offer. Please view photos which were just taken and floor plans.
Active
$315,000
1340 Plainfield Ave NE, Grand Rapids, MI 49505
5beds
3baths
2,125sqft
2 to 4 Units
Built in 1900
-- sqft lot
$307,600 Zestimate®
$148/sqft
$-- HOA
What's special
On-site laundryCompletely move-in ready
- 15 hours |
- 104 |
- 12 |
Zillow last checked:
Listing updated:
Listed by:
Mitchell D Luban 616-375-0775,
Edison Brokers & Co LLC 616-439-1190
Source: MichRIC,MLS#: 26043692
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Heating
- Forced Air, Wall Furnace
Appliances
- Laundry: Common Area
Features
- Basement: Full
Interior area
- Total interior livable area: 2,125 sqft
Property
Parking
- Total spaces: 2
Lot
- Size: 6,098 Square Feet
- Dimensions: 57.43 x 107.75
Details
- Parcel number: 411418357005
- Zoning description: Residential
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 to 4 Units
Materials
- Wood Siding
- Roof: Composition
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Utilities for property: Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
Community & HOA
Location
- Region: Grand Rapids
Financial & listing details
- Price per square foot: $148/sqft
- Tax assessed value: $92,005
- Annual tax amount: $4,625
- Date on market: 8/19/2026
- Listing terms: MSHDA,FHA,Cash,Conventional
- Tenant pays: Electricity, Gas
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
$307,600
$292,000 - $323,000
$1,746/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/19/2026 | Listed for sale | $315,000+26%$148/sqft |
Source:  MichRIC #26043692 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 1/17/2020 | Sold | $250,000-5.7%$118/sqft |
Source: MichRIC #19042835 Report a problem | ||
| 11/5/2019 | Price change | $265,000-3.6%$125/sqft |
Source: Owner Report a problem | ||
| 7/21/2019 | Listed for sale | $275,000$129/sqft |
Source: Owner Report a problem | ||
| 11/19/2015 | Listing removed | $700 |
Source: RPM Investment Solutions Report a problem | ||
| 11/10/2015 | Listed for rent | $700 |
Source: RPM Investment Solutions Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,506 | $134,200 +17.4% |
| 2024 | -- | $114,300 +49.8% |
| 2021 | $3,148 | $76,300 +13.2% |
| 2020 | $3,148 +66.5% | $67,400 +14.2% |
| 2019 | $1,891 | $59,000 +25% |
| 2018 | -- | $47,200 +19.5% |
| 2017 | $1,853 | $39,500 +10% |
| 2016 | $1,853 | $35,900 |
| 2015 | $1,853 +5% | $35,900 -4.8% |
| 2013 | $1,766 | $37,700 -21.8% |
| 2011 | -- | $48,200 -4.7% |
| 2010 | -- | $50,600 -11.5% |
| 2009 | -- | $57,200 +4% |
| 2007 | -- | $55,000 +22.7% |
| 2006 | -- | $44,830 +3.7% |
| 2005 | -- | $43,231 +3.3% |
| 2004 | -- | $41,850 +6.2% |
| 2002 | -- | $39,400 +29.4% |
| 2001 | -- | $30,450 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Creston
Nearby schools
GreatSchools rating
- 8/10Center For EconomicologyGrades: 6Distance: 0.5 mi
- 9/10City High Middle SchoolGrades: 7-12Distance: 0.5 mi
- 4/10Palmer SchoolGrades: PK-5Distance: 0.5 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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