Sold

$338,000

429 Laurel St SW, Grand Rapids, MI 49503

7beds

3baths

2,630sqft

2 to 4 Units

Built in 1900

-- sqft lot

$329,300 Zestimate^®

$129/sqft

$1,617 Estimated rent

Home value

$329,300

$313,000 - $346,000

$1,617/mo

Zestimate^® history

Owner options

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$1,617/mo

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$1,617/mo

Rent Zestimate^®

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$2,181/mo

Est. payment

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$2,181/mo

Est. payment

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What's special

Income-producing 3-unit property consisting of one duplex and one single-family home. All units are currently occupied with a combined monthly rent of $3,550, exceeding the 1% rule. The duplex recently completed a ''Get the Lead Out'' inspection with significant improvements made, and the lower unit was fully remodeled prior to the current tenancy. The single-family home features a long-term tenant of over 10 years, and the upper duplex unit is also occupied by a long-term tenant. Strong rental history with reliable tenants and consistent payments. Solid cash-flow opportunity for an investor seeking stability over flash. This property is professionally managed and management can continue. An inspection report provided by the management company United Properties is in the attached documents.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 3

Heating

Forced Air

Features

Basement: Crawl Space,Michigan Basement

Interior area

Total interior livable area: 2,630 sqft

Property

Parking

Parking features: Unpaved

Lot

Size: 5,662 Square Feet
Dimensions: 50*115

Details

Parcel number: 411336182008
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: $129/sqft
Tax assessed value: $82,865
Annual tax amount: $4,250
Date on market: 2/6/2026
Listing terms: Cash,Conventional
Tenant pays: Electricity, Gas
Electric utility on property: Yes
Road surface type: Paved

Price history

Date	Event	Price
3/13/2026	Sold	$338,000+2.7%$129/sqft
Source: MichRIC #26004398 Report a problem
2/9/2026	Pending sale	$329,000$125/sqft
Source: MichRIC #26004398 Report a problem
2/6/2026	Listed for sale	$329,000+88%$125/sqft
Source: MichRIC #26004398 Report a problem
12/16/2019	Sold	$175,000+62%$67/sqft
Source: Public Record Report a problem
1/3/2017	Sold	$108,000-1.7%$41/sqft
Source: Public Record Report a problem
10/15/2016	Listed for sale	$109,900$42/sqft
Source: Leading Edge Realty LLC #16052739 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,168	$146,800 +9.8%
2024	--	$133,700 +43.1%
2021	$2,377	$93,400 +34.2%
2020	$2,377 +3.2%	$69,600 +25.9%
2019	$2,304	$55,300 +21.5%
2018	--	$45,500 +3.2%
2017	$2,260	$44,100 +2.8%
2016	$2,260	$42,900
2015	$2,260 +5%	$42,900 +5.1%
2013	$2,153	$40,800 -24.7%
2011	--	$54,200 -0.7%
2010	--	$54,600 -12.2%
2009	--	$62,200 +29.6%
2007	--	$48,000 +197.1%
2006	--	$16,154 +3.7%
2005	--	$15,578 +3.3%
2004	--	$15,081 +6.2%
2002	--	$14,199 +3.2%
2001	--	$13,759