Sold

$220,000

432 E Main St #A/b, Ionia, MI 48846

3beds

2baths

1,960sqft

2 to 4 Units

Built in 1920

-- sqft lot

$248,400 Zestimate^®

$112/sqft

$1,224 Estimated rent

Home value

$248,400

$196,000 - $315,000

$1,224/mo

Zestimate^® history

Owner options

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$1,224/mo

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$1,224/mo

Rent Zestimate^®

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$1,478/mo

Est. payment

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$1,478/mo

Est. payment

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What's special

Red brick roadsWalking paths

Let's all welcome this exceptional investment property or perfect owner occupied duplex opportunity to the market. Located off the red brick roads in downtown Ionia. Nice walking paths just across the street. 1 bedroom, 1 bathroom downstairs, rents for $900/month, currently vacant and move in ready. 2 bedrooms, 1 bathroom upstairs. Currently rented for $1200/month. Separate utilities. Washer and dryer in both units. This multifamily property has been well maintained, is very clean and updated with new windows, new front common area in the entryway, new shutters, new furnace, new water heater, and new upper and lower decks and stairs. Upstairs is currently rented out by wonderful tenants, with the lower unit move in ready. Available for showings today! Tenant rights apply.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2

Heating

Baseboard, Forced Air

Cooling

Window Unit(s)

Features

Basement: Michigan Basement

Interior area

Total interior livable area: 1,960 sqft

Property

Parking

Total spaces: 2
Parking features: Paved

Lot

Size: 6,534 Square Feet
Dimensions: 50 x 132
Features: Sidewalk

Details

Parcel number: 20421000015000
Zoning description: R-1

Construction

Type & style

Home type: MultiFamily
Property subtype: 2 to 4 Units

Materials

Vinyl Siding
Roof: Composition

Condition

New construction: No
Year built: 1920

Utilities & green energy

Sewer: Public Sewer
Utilities for property: Natural Gas Connected, Cable Connected

Community & HOA

Location

Region: Ionia

Financial & listing details

Price per square foot: $112/sqft
Tax assessed value: $50,370
Annual tax amount: $2,766
Date on market: 3/20/2025
Listing terms: FHA,Cash,Conventional
Tenant pays: Electricity, Water, Sewer, Gas
Road surface type: Paved

Price history

Date	Event	Price
5/30/2025	Sold	$220,000-2.2%$112/sqft
Source: MichRIC #25010652 Report a problem
5/1/2025	Pending sale	$225,000$115/sqft
Source: MichRIC #25010652 Report a problem
4/23/2025	Price change	$225,000-1.8%$115/sqft
Source: MichRIC #25010652 Report a problem
4/10/2025	Price change	$229,021-4.2%$117/sqft
Source: MichRIC #25010652 Report a problem
3/26/2025	Price change	$239,021-4%$122/sqft
Source: MichRIC #25010652 Report a problem
3/20/2025	Listed for sale	$249,021+149%$127/sqft
Source: MichRIC #25010652 Report a problem
11/3/2020	Listing removed	$100,000$51/sqft
Source: Keller Williams Grand Rapids North #20031058 Report a problem
9/12/2020	Pending sale	$100,000$51/sqft
Source: Keller Williams GR North #20031058 Report a problem
8/27/2020	Listed for sale	$100,000$51/sqft
Source: Keller Williams GR North #20031058 Report a problem
8/10/2020	Pending sale	$100,000$51/sqft
Source: Keller Williams GR North #20031058 Report a problem
8/4/2020	Listed for sale	$100,000$51/sqft
Source: Keller Williams GR North #20031058 Report a problem