Sold

$460,000

1566 Wealthy St SE, Grand Rapids, MI 49506

6beds

6baths

779sqft

5+ Units

Built in 1895

-- sqft lot

$-- Zestimate^®

$591/sqft

$1,482 Estimated rent

Home value

Not available

Estimated sales range

Not available

$1,482/mo

Zestimate^® history

Owner options

List your home for rent

$1,482/mo

Rent Zestimate^®

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$1,482/mo

Rent Zestimate^®

Refinance and save

$2,967/mo

Est. payment

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$2,967/mo

Est. payment

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What's special

Welcome to 1566 Wealthy St., a prime investment opportunity in the heart of the thriving East Town neighborhood. This 5-unit property is ideally located within walking distance to the best shops, restaurants, and attractions along Wealthy Street. With strong rental income and excellent growth potential, this is an ideal addition to any portfolio. The building also features convenient coin-operated laundry in the basement. Act fast—properties like this don't come around often!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 6

Heating

Forced Air

Features

Basement: Full,Michigan Basement

Interior area

Total interior livable area: 779 sqft

Property

Parking

Total spaces: 4
Parking features: Paved

Lot

Size: 9,583 Square Feet
Dimensions: 80 x 121

Details

Parcel number: 411432230004
Zoning description: Tn-ldr

Construction

Type & style

Home type: MultiFamily
Property subtype: 5+ Units

Materials

Vinyl Siding
Roof: Composition

Condition

New construction: No
Year built: 1895

Utilities & green energy

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

Community & HOA

Location

Region: Grand Rapids

Financial & listing details

Price per square foot: $591/sqft
Tax assessed value: $163,239
Annual tax amount: $9,352
Date on market: 1/27/2025
Listing terms: FHA,Cash,Conventional
Tenant pays: Electricity
Electric utility on property: Yes

Price history

Date	Event	Price
3/7/2025	Sold	$460,000-7.4%$591/sqft
Source: MichRIC #24058491 Report a problem
2/3/2025	Pending sale	$497,000$638/sqft
Source: MichRIC #24058491 Report a problem
1/27/2025	Listed for sale	$497,000$638/sqft
Source: MichRIC #24058491 Report a problem
1/18/2025	Pending sale	$497,000$638/sqft
Source: MichRIC #24058491 Report a problem
12/31/2024	Price change	$497,000-0.4%$638/sqft
Source: MichRIC #24058491 Report a problem
11/8/2024	Listed for sale	$499,000$641/sqft
Source: MichRIC #24058491 Report a problem