Sold

$238,000

422 Leonard St NE, Grand Rapids, MI 49503

2beds

2baths

1,248sqft

2 to 4 Units

Built in 1920

-- sqft lot

$258,300 Zestimate^®

$191/sqft

$1,637 Estimated rent

Home value

$258,300

$245,000 - $274,000

$1,637/mo

Zestimate^® history

Owner options

List your home for rent

$1,637/mo

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$1,637/mo

Rent Zestimate^®

Refinance and save

$1,647/mo

Est. payment

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$1,647/mo

Est. payment

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What's special

Close to major expresswaysNewer windowsSpacious kitchensLaundry hook ups

Great investment opportunity close to downtown Grand Rapids! Both units have 1 bedroom, 1 bathroom with similar floor plans up and down. Each unit is 624 square feet with spacious kitchens and laundry hook ups. Both are currently rented, in good condition with city compliance and have newer windows. Garage and off street parking is accessed from alley off College Ave. Fantastic location for walking or biking around Grand Rapids and conveniently located close to major expressways.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2

Heating

Forced Air

Cooling

Window Unit(s)

Features

Basement: Partial

Interior area

Total interior livable area: 1,248 sqft

Property

Parking

Total spaces: 2
Parking features: Driveway, Gravel

Lot

Size: 4,791 Square Feet
Dimensions: 40 x 124

Details

Parcel number: 411419201006
Zoning description: Residential

Construction

Type & style

Home type: MultiFamily
Property subtype: 2 to 4 Units

Materials

Aluminum Siding
Roof: Composition

Condition

New construction: No
Year built: 1920

Utilities & green energy

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

Community & HOA

Location

Region: Grand Rapids

Financial & listing details

Price per square foot: $191/sqft
Tax assessed value: $62,790
Annual tax amount: $3,143
Date on market: 8/31/2023
Listing terms: VA Loan,MSHDA,FHA,Cash,Conventional
Tenant pays: Electricity, Gas
Electric utility on property: Yes
Road surface type: Paved

Price history

Date	Event	Price
10/31/2023	Sold	$238,000-0.8%$191/sqft
Source: MichRIC #23032444 Report a problem
10/3/2023	Pending sale	$239,900$192/sqft
Source: MichRIC #23032444 Report a problem
9/28/2023	Price change	$239,900-4%$192/sqft
Source: MichRIC #23032444 Report a problem
8/31/2023	Listed for sale	$249,900+46.1%$200/sqft
Source: MichRIC #23032444 Report a problem
1/7/2021	Sold	$171,000+3.6%$137/sqft
Source: Public Record Report a problem
11/17/2020	Pending sale	$165,000$132/sqft
Source: Midwest Properties ERA Powered (Walker) #20035673 Report a problem
11/11/2020	Listed for sale	$165,000$132/sqft
Source: Midwest Properties ERA Powered (Walker) #20035673 Report a problem
10/13/2020	Pending sale	$165,000$132/sqft
Source: Midwest Properties ERA Powered (Walker) #20035673 Report a problem
10/1/2020	Listed for sale	$165,000$132/sqft
Source: Midwest Properties ERA Powered (Walker) #20035673 Report a problem
9/4/2020	Pending sale	$165,000$132/sqft
Source: Midwest Properties ERA Powered (Walker) #20035673 Report a problem
8/28/2020	Listed for sale	$165,000+146.3%$132/sqft
Source: Midwest Properties ERA Powered (Walker) #20035673 Report a problem
7/31/2019	Listing removed	$800$1/sqft
Source: 422 Leonard LLC Report a problem
7/22/2019	Listed for rent	$800$1/sqft
Source: 422 Leonard LLC Report a problem
3/24/2004	Sold	$67,000$54/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2026	$4,673 +15.1%	$98,300 +8.6%
2025	$4,060	$90,500 +15.6%
2024	--	$78,300 +45.5%
2021	$1,371	$53,800 +10.5%
2020	$1,371 +3.2%	$48,700 +18.5%
2019	$1,329	$41,100 +20.2%
2018	--	$34,200 +23%
2017	$1,303	$27,800 +10.3%
2016	$1,303	$25,200
2015	$1,303 +4.9%	$25,200 -5.3%
2013	$1,241	$26,600 -18.2%
2011	--	$32,500 -9%
2010	--	$35,700 -11.6%
2009	--	$40,400 +23.9%
2007	--	$32,600 +1.8%
2006	--	$32,028 +3.7%
2005	--	$30,886 +3.3%
2004	--	$29,900 +59.5%
2002	--	$18,744 +3.2%
2001	--	$18,163