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Zestimate^®

$300,000

232 Spencer St NE, Grand Rapids, MI 49505

4beds

3baths

1,902sqft

2 to 4 Units

Built in 1900

-- sqft lot

$300,000 Zestimate^®

$158/sqft

$1,468 Estimated rent

Home value

$300,000

$285,000 - $315,000

$1,468/mo

Zestimate^® history

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What's special

Shared basement laundryLarge rear parking padNewer windowsKitchen with dishwasherFunctional layouts

Excellent investment opportunity or ideal owner-occupied duplex in the highly desirable Creston neighborhood of Northeast Grand Rapids! This well-maintained 2-unit multifamily offers strong rental potential, functional layouts, and a fantastic location close to parks, dining, shopping, and more. Unit 1 features 2 bedrooms and 1 bathroom, kitchen with dishwasher. Currently offered for $1,500/month. Unit 2 offers 2 bedrooms and 2 bathrooms, with a private entrance for added privacy. This unit is currently leased for $1500/mo. Additional highlights include newer windows, shared basement laundry, a large rear parking pad, and city rental certification valid through March 2027. Both units have separately metered gas and electric utilities.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3

Heating

Forced Air

Appliances

Laundry: In Basement

Features

Basement: Full

Interior area

Total interior livable area: 1,902 sqft

Property

Parking

Total spaces: 4
Parking features: Concrete, Driveway

Lot

Size: 4,791 Square Feet
Dimensions: 50 x 100

Details

Parcel number: 411418376004
Zoning description: RES

Construction

Type & style

Home type: MultiFamily
Property subtype: 2 to 4 Units

Materials

Vinyl Siding
Roof: Composition

Condition

New construction: No
Year built: 1900

Utilities & green energy

Sewer: Public Sewer, Storm 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: $158/sqft
Tax assessed value: $126,900
Annual tax amount: $6,552
Date on market: 5/18/2026
Listing terms: Cash,Conventional
Tenant pays: Electricity, Water, Sewer, Gas
Electric utility on property: Yes
Road surface type: Paved

Price history

Date	Event	Price
6/25/2026	Sold	$300,000-2.9%$158/sqft
Source: MichRIC #26023210 Report a problem
5/30/2026	Pending sale	$309,000$162/sqft
Source: MichRIC #26023210 Report a problem
5/26/2026	Price change	$309,000-3.1%$162/sqft
Source: MichRIC #26023210 Report a problem
5/18/2026	Listed for sale	$319,000+18.2%$168/sqft
Source: MichRIC #26023210 Report a problem
9/17/2024	Sold	$269,900$142/sqft
Source: Public Record Report a problem
7/18/2024	Pending sale	$269,900$142/sqft
Source: MichRIC #24034602 Report a problem
7/11/2024	Listed for sale	$269,900+79.9%$142/sqft
Source: MichRIC #24034602 Report a problem
5/8/2019	Sold	$150,000+7.1%$79/sqft
Source: Public Record Report a problem
10/25/2018	Listing removed	$140,000$74/sqft
Source: Childress & Associates Realty #18041492 Report a problem
10/3/2018	Price change	$140,000-6.6%$74/sqft
Source: Childress & Associates Realty #18041492 Report a problem
8/1/2018	Price change	$149,900-6.3%$79/sqft
Source: Childress & Associates Realty #18006585 Report a problem
5/30/2018	Price change	$159,900-3.1%$84/sqft
Source: Childress & Associates Realty #18006585 Report a problem
4/10/2018	Listed for sale	$165,000$87/sqft
Source: Childress & Associates Realty #18006585 Report a problem
3/7/2018	Listing removed	$165,000$87/sqft
Source: Childress & Associates Realty #18006585 Report a problem
2/23/2018	Listed for sale	$165,000+725%$87/sqft
Source: Childress & Associates Realty #18006585 Report a problem
10/9/2012	Sold	$20,000-33.1%$11/sqft
Source: Public Record Report a problem
8/23/2012	Listed for sale	$29,900+57.4%$16/sqft
Source: RE/MAX SunQuest #12046505 Report a problem
4/25/2011	Sold	$19,000-36.5%$10/sqft
Source: Public Record Report a problem
12/25/2010	Listing removed	$29,900$16/sqft
Source: GRAND RAPIDS REALTY #G787198 Report a problem
7/26/2010	Price change	$29,900-14.3%$16/sqft
Source: GRAND RAPIDS REALTY #G787198 Report a problem
5/20/2010	Price change	$34,900-12.5%$18/sqft
Source: GRAND RAPIDS REALTY #G787198 Report a problem
4/15/2010	Listed for sale	$39,900-55.7%$21/sqft
Source: GRAND RAPIDS REALTY #787198 Report a problem
4/6/2005	Sold	$90,000$47/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,018	$126,900 +17.3%
2024	--	$108,200 +46.2%
2021	$1,547	$74,000 +10.3%
2020	$1,547 -14.4%	$67,100 +18.3%
2019	$1,807	$56,700 +24.1%
2018	--	$45,700 +20.3%
2017	$1,772	$38,000 +10.5%
2016	$1,772	$34,400
2015	$1,772 +5%	$34,400 -0.6%
2013	$1,688	$34,600 -28.1%
2011	--	$48,100 -5.1%
2010	--	$50,700 -11.5%
2009	--	$57,300 +12.4%
2007	--	$51,000 +3.4%
2006	--	$49,312 +3.7%
2005	--	$47,553 +11.4%
2004	--	$42,697 +53.9%
2002	--	$27,744 +3.2%
2001	--	$26,884