Sold

$310,000

450 Ethel Ave SE, Grand Rapids, MI 49506

5beds

2baths

2,300sqft

2 to 4 Units

Built in 1907

-- sqft lot

$369,800 Zestimate^®

$135/sqft

$1,733 Estimated rent

Home value

$369,800

$340,000 - $403,000

$1,733/mo

Zestimate^® history

Owner options

List your home for rent

$1,733/mo

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$1,733/mo

Rent Zestimate^®

Refinance and save

$1,952/mo

Est. payment

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$1,952/mo

Est. payment

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What's special

Now offering this solid Eastown Investment Duplex.. Each unit has 3 bedrooms and 1 full bath. Brand new roof & chimney in 2024. Split utilities, so tenants pay all bills except water. This would also be a perfect house hack for an owner occupant buyer. Instant equity to earn with a quick remodel and updating of the current units. Market rent fixed up is estimate between $3200-$3800 monthly. One block from all things Eastown. Off street parking including.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 2

Heating

Forced Air

Cooling

None

Features

Basement: Crawl Space,Full

Interior area

Total interior livable area: 2,300 sqft

Property

Parking

Total spaces: 2

Lot

Size: 5,227 Square Feet
Dimensions: 40 x 128
Features: Level, Sidewalk

Details

Parcel number: 411432228012
Zoning description: R1A

Construction

Type & style

Home type: MultiFamily
Property subtype: 2 to 4 Units

Materials

Brick, Vinyl Siding

Condition

New construction: No
Year built: 1907

Utilities & green energy

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

Community & HOA

Location

Region: Grand Rapids

Financial & listing details

Price per square foot: $135/sqft
Tax assessed value: $53,451
Annual tax amount: $2,965
Date on market: 9/26/2024
Listing terms: Cash,Conventional
Tenant pays: None
Electric utility on property: Yes
Road surface type: Paved

Price history

Date	Event	Price
10/31/2024	Sold	$310,000+3.4%$135/sqft
Source: MichRIC #24050759 Report a problem
9/29/2024	Pending sale	$299,900$130/sqft
Source: MichRIC #24050759 Report a problem
9/26/2024	Listed for sale	$299,900+122.1%$130/sqft
Source: MichRIC #24050759 Report a problem
1/12/2010	Sold	$135,000+14.4%$59/sqft
Source: Public Record Report a problem
5/8/2006	Sold	$118,000$51/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,910	$155,900 +10.4%
2024	--	$141,200 +30.6%
2021	$3,741	$108,100 +5.1%
2020	$3,741 +46.2%	$102,900 +15.1%
2019	$2,559	$89,400 +11.9%
2018	--	$79,900 +33.6%
2017	$2,848	$59,800 +9.3%
2016	$2,848	$54,700
2015	$2,848 +19.1%	$54,700 +20.8%
2013	$2,390	$45,300 -12.2%
2011	--	$51,600 -7%
2010	--	$55,500 -2.8%
2009	--	$57,100 -11.2%
2007	--	$64,300
2006	--	$64,300 +101.4%
2005	--	$31,923 +3.3%
2004	--	$30,904 +6.2%
2002	--	$29,095 +3.2%
2001	--	$28,193