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Sold
  • $195,000

    1403 Turner Ave NW, Grand Rapids, MI 49504

    2beds
    2baths
    1,300sqft
    2 to 4 Units
    Built in 1905
    -- sqft lot
    $200,900 Zestimate®
    $150/sqft
    $1,683 Estimated rent

    Home value

    $200,900

    $187,000 - $215,000

    $1,683/mo

    Zestimate® history
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    $1,683/mo

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    $1,683/mo

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    $1,323/mo

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    $1,323/mo

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    What's special

    Basement laundry hookupGranite countertops
    Property beats the 1% Rule! Excellent opportunity to own a two-unit residential rental property in the heart of downtown Grand Rapids. $2300/mo rents. Each unit features 1 bedroom, 1 bath, with long-term tenants already in place. All utilities are split, with tenants covering electricity, gas, and trash, while the owner pays for water and sewer—making for a low-maintenance investment. The upstairs unit has been updated with granite countertops, a stainless steel refrigerator and stove, adding value and appeal. The lower unit includes a basement laundry hookup, offering additional convenience for tenants. With strong rental demand in this prime location, there is significant potential to improve rent over time, increasing cash flow and long-term returns. Don't miss this solid investment opportunity in a growing market! Back on market due to buyer financing.

    Zillow last checked:

    Listing updated:

    Listed by:

    April Moayyer 330-802-3781,

    Moayyer Real Estate,

    Anthony Moayyer 616-350-3429,

    Moayyer Real Estate

    Bought with:

    Christopher A Patrick

    Keller Williams Realty Rivertown

    Source: MichRIC,MLS#: 25012461MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    Heating
    • Baseboard, Forced Air
    Appliances
    • Laundry: In Basement
    Features
    • Basement: Michigan Basement
    Interior area
    • Total interior livable area: 1,300 sqft

    Property

    Lot
    • Size: 2,613 Square Feet
    • Dimensions: 33 x 75
    • Features: Level, Sidewalk
    Details
    • Parcel number: 411313402013
    • Zoning description: RMNW2_RES MULTI

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: 2 to 4 Units
    Materials
    • Vinyl Siding
    • Roof: Composition
    Condition
    • New construction: No
    • Year built: 1905

    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: $150/sqft
    • Tax assessed value: $27,679
    • Annual tax amount: $1,435
    • Date on market: 5/3/2025
    • Listing terms: Cash,Conventional
    • Tenant pays: Electricity, Gas
    • Electric utility on property: Yes
    • Road surface type: Paved

    Price history

    DateEventPrice
    9/8/2025Sold$195,000-2%$150/sqft
    Source: MichRIC #25012461 Report a problem
    8/8/2025Pending sale$199,000$153/sqft
    Source: MichRIC #25012461 Report a problem
    7/30/2025Price change$199,000-5.2%$153/sqft
    Source: MichRIC #25012461 Report a problem
    6/14/2025Price change$209,900-2.3%$161/sqft
    Source: MichRIC #25012461 Report a problem
    5/29/2025Price change$214,900-4.4%$165/sqft
    Source: MichRIC #25012461 Report a problem
    5/12/2025Price change$224,900-2.2%$173/sqft
    Source: MichRIC #25012461 Report a problem
    5/3/2025Listed for sale$230,000$177/sqft
    Source: MichRIC #25012461 Report a problem
    4/25/2025Pending sale$230,000$177/sqft
    Source: MichRIC #25012461 Report a problem
    4/2/2025Price change$230,000-8%$177/sqft
    Source: MichRIC #25012461 Report a problem
    3/30/2025Listed for sale$249,900+1899.2%$192/sqft
    Source: MichRIC #25012461 Report a problem
    2/2/2015Sold$12,500-30.2%$10/sqft
    Source: Public Record Report a problem
    10/8/2014Price change$17,900-10.1%$14/sqft
    Source: Grand Rapids Market Center East #14048929 Report a problem
    8/23/2014Listed for sale$19,900-70.3%$15/sqft
    Source: Grand Rapids Market Center East #14048929 Report a problem
    2/25/2005Sold$66,900+13.3%$51/sqft
    Source: Public Record Report a problem
    6/10/2004Sold$59,050+23.3%$45/sqft
    Source: Public Record Report a problem
    11/13/2003Sold$47,900$37/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,435 $65,800 +8%
    2024-- $60,900 +48.5%
    2021$1,255 $41,000 +13.9%
    2020$1,255 +3.2%$36,000 +26.3%
    2019$1,217 $28,500 +18.3%
    2018-- $24,100 +5.2%
    2017$1,225 $22,900
    2016$1,225 --
    2015$1,225 --
    2013-- $19,200 -32.4%
    2011-- $28,400 -18.9%
    2010-- $35,000 -5.4%
    2009-- $37,000 -7.3%
    2007-- $39,900 -2%
    2006-- $40,700 +1%
    2005-- $40,300 +10.1%
    2004-- $36,600 +65.3%
    2002-- $22,136 +3.2%
    2001-- $21,450
    Find assessor info on the county website

    Neighborhood: West Grand

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $200,900
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    Estimated market value
    $200,900