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Sold
  • $338,000

    1615 Lyon St NE, Grand Rapids, MI 49503

    4beds
    2baths
    1,724sqft
    2 to 4 Units
    Built in 1920
    -- sqft lot
    $353,800 Zestimate®
    $196/sqft
    $1,632 Estimated rent

    Home value

    $353,800

    $325,000 - $386,000

    $1,632/mo

    Zestimate® history
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    $1,632/mo

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    $1,632/mo

    Rent Zestimate®

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    $2,127/mo

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    $2,127/mo

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    What's special

    Located in the highly sought-after Fulton Heights neighborhood of Grand Rapids, this duplex presents an exceptional investment opportunity in one of Michigan's most vibrant and rapidly growing cities. Offering the potential for steady rental income, this property is perfectly positioned in an area renowned for its dynamic economy, strong rental demand, and thriving real estate market. Set on a double-sized lot, the property includes a generous 2-stall garage, currently utilized by tenants for additional storage, adding value and convenience for the renters. Both units are fully leased through July 2025, providing an immediate, reliable income stream for the new owner. Plus, the City of Grand Rapids rental certificate is valid through May 2028. Recent upgrades to the property, completed within the past year, enhance its overall appeal and functionality. With ample parking and a desirable location just minutes from downtown Grand Rapids, this duplex is an ideal addition to any investor's portfolio. Whether you're looking to expand your rental holdings or enter the Grand Rapids market, this property offers long-term growth potential and a prime opportunity in a neighborhood that continues to attract attention. Don't miss your chance to secure this incredible investment. Schedule your showing today!

    Zillow last checked:

    Listing updated:

    Listed by:

    Dawn Van Kampen 616-566-5783,

    West Edge Real Estate LLC

    Bought with:

    Larry E Martin, 6502412117

    Keller Williams Realty Rivertown

    Source: MichRIC,MLS#: 24059476MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    Heating
    • Hot Water
    Cooling
    • Wall Unit(s)
    Appliances
    • Laundry: Electric Dryer Hookup, In Unit, Washer Hookup
    Features
    • Basement: Partial
    Interior area
    • Total interior livable area: 1,724 sqft

    Property

    Parking
    • Total spaces: 5
    • Parking features: Paved
    Lot
    • Size: 0.36 Acres
    • Dimensions: 112 x 140
    • Features: Level, Sidewalk
    Details
    • Parcel number: 41428101037

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: 2 to 4 Units
    Materials
    • Aluminum Siding
    • Roof: Metal
    Condition
    • New construction: No
    • Year built: 1920

    Utilities & green energy

    • Sewer: Public Sewer, Storm Sewer
    • Utilities for property: 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: $196/sqft
    • Tax assessed value: $169,100
    • Annual tax amount: $6,295
    • Date on market: 11/14/2024
    • Listing terms: Cash,Conventional
    • Tenant pays: Electricity
    • Electric utility on property: Yes
    • Road surface type: Paved

    Price history

    DateEventPrice
    1/31/2025Sold$338,000-4.7%$196/sqft
    Source: MichRIC #24059476 Report a problem
    1/5/2025Pending sale$354,500$206/sqft
    Source: MichRIC #24059476 Report a problem
    12/12/2024Price change$354,500-4.1%$206/sqft
    Source: MichRIC #24059476 Report a problem
    11/14/2024Listed for sale$369,500+12.5%$214/sqft
    Source: MichRIC #24059476 Report a problem
    1/4/2024Sold$328,500-4.8%$191/sqft
    Source: Public Record Report a problem
    11/11/2023Pending sale$344,900$200/sqft
    Source: MichRIC #23137607 Report a problem
    11/4/2023Price change$344,900-4.2%$200/sqft
    Source: MichRIC #23137607 Report a problem
    10/31/2023Price change$359,900-4%$209/sqft
    Source: MichRIC #23137607 Report a problem
    10/23/2023Price change$375,000-6.2%$218/sqft
    Source: MichRIC #23137607 Report a problem
    10/16/2023Price change$399,900-5.9%$232/sqft
    Source: MichRIC #23137607 Report a problem
    10/10/2023Listed for sale$425,000+205.8%$247/sqft
    Source: MichRIC #23137607 Report a problem
    7/14/2020Listing removed$2,500$1/sqft
    Source: Zillow Rental Manager Report a problem
    6/28/2020Listed for rent$2,500$1/sqft
    Source: Zillow Rental Manager Report a problem
    1/24/2020Sold$139,000$81/sqft
    Source: Public Record Report a problem
    12/4/2019Price change$139,000+23.1%$81/sqft
    Source: Place Property Management #19056967 Report a problem
    10/28/2019Pending sale$112,900$65/sqft
    Source: Owner Report a problem
    10/22/2019Listed for sale$112,900$65/sqft
    Source: Owner Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$8,769 $200,600 +18.6%
    2024-- $169,100 +51.7%
    2021$2,383 $111,500 -14.2%
    2020$2,383 +3.5%$129,900 +7.2%
    2019$2,302 $121,200 +19.4%
    2018-- $101,500 +11.8%
    2017$2,268 $90,800 +8.7%
    2016$2,268 $83,500
    2015$2,268 +7.5%$83,500 +8.6%
    2013$2,109 $76,900 +1.1%
    2011-- $76,100 -2.7%
    2010-- $78,200 -7.2%
    2009-- $84,300 +10.9%
    2007-- $76,000 +39.5%
    2006-- $54,463 +3.7%
    2005-- $52,520 +3.3%
    2004-- $50,843 +6.2%
    2002-- $47,866 +3.2%
    2001-- $46,382
    Find assessor info on the county website

    Neighborhood: Fulton Heights

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $353,800
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $353,800