Sold

$355,000

232 Oakley Pl NE, Grand Rapids, MI 49503

6beds

2baths

2,354sqft

2 to 4 Units

Built in 1890

-- sqft lot

$365,700 Zestimate^®

$151/sqft

$1,402 Estimated rent

Home value

$365,700

$340,000 - $391,000

$1,402/mo

Zestimate^® history

Owner options

List your home for rent

$1,402/mo

Rent Zestimate^®

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$1,402/mo

Rent Zestimate^®

Refinance and save

$2,260/mo

Est. payment

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$2,260/mo

Est. payment

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What's special

Duplex opportunity in the heart of Grand Rapids! This multi-family home at 232 Oakley Place NE features two spacious three-bedroom, one-bath units—each with strong rental history. The upper unit is currently leased at $1,600 per month, while the lower unit brings in $1,625 on a month-to-month basis, offering flexibility for owner-occupants or rent adjustments. Each unit boasts comfortable living spaces, updated kitchens, and separate entrances. Located in a high-demand rental area just minutes from downtown, this property is ideal for investors looking to add a strong asset to their portfolio.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 2

Heating

Forced Air

Features

Basement: Michigan Basement

Interior area

Total interior livable area: 2,354 sqft

Property

Lot

Size: 2,613 Square Feet
Dimensions: 43 x 62

Details

Parcel number: 411430203003
Zoning description: RES

Construction

Type & style

Home type: MultiFamily
Property subtype: 2 to 4 Units

Materials

Wood Siding

Condition

New construction: No
Year built: 1890

Utilities & green energy

Sewer: Public Sewer
Utilities for property: Natural Gas Connected

Community & HOA

Location

Region: Grand Rapids

Financial & listing details

Price per square foot: $151/sqft
Tax assessed value: $125,370
Annual tax amount: $6,500
Date on market: 5/30/2025
Listing terms: Cash,Conventional
Tenant pays: Electricity, Water, Sewer, Gas

Price history

Date	Event	Price
10/10/2025	Listing removed	$1,750$1/sqft
Source: Zillow Rentals Report a problem
9/19/2025	Listed for rent	$1,750+9.4%$1/sqft
Source: Zillow Rentals Report a problem
8/15/2025	Sold	$355,000-7.8%$151/sqft
Source: MichRIC #25025120 Report a problem
7/9/2025	Pending sale	$384,900$164/sqft
Source: MichRIC #25025120 Report a problem
5/30/2025	Listed for sale	$384,900+16.6%$164/sqft
Source: MichRIC #25025120 Report a problem
11/30/2022	Sold	$330,000+1.5%$140/sqft
Source: Public Record Report a problem
10/21/2022	Pending sale	$325,000$138/sqft
Source: MichRIC #22043286 Report a problem
10/7/2022	Listed for sale	$325,000+400%$138/sqft
Source: MichRIC #22043286 Report a problem
6/4/2021	Listing removed	--
Source: Zillow Rental Manager Report a problem
5/25/2021	Listed for rent	$1,600$1/sqft
Source: Zillow Rental Manager Report a problem
1/10/2011	Sold	$65,000$28/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$6,502	$142,000 +4.9%
2024	--	$135,400 +33.8%
2021	$2,729	$101,200 +8.9%
2020	$2,729 +2.7%	$92,900 +11.8%
2019	$2,658	$83,100 +20.4%
2018	--	$69,000 +9%
2017	$2,606	$63,300 +17%
2016	$2,606	$54,100
2015	$2,606 +5%	$54,100 +12.5%
2013	$2,483	$48,100 -15.6%
2011	--	$57,000 -4.2%
2010	--	$59,500 -2.6%
2009	--	$61,100 +14.4%
2007	--	$53,400 +9.7%
2006	--	$48,700 +3.7%
2005	--	$46,963 +3.3%
2004	--	$45,463 +6.2%
2002	--	$42,800 +53.2%
2001	--	$27,942