Updated 2-Bedroom Lower Unit Near Medical Mile NE Grand Rapids
Welcome home to this freshly updated 2-bedroom, 1-bath lower unit located at 507 Eastern Ave NE, Unit 1. This newly remodeled unit features a brand new kitchen with new appliances, updated and remodeled bathroom and a clean, modern feel throughout.
Ideally situated just minutes from downtown, major highways, bus routes, and the Medical Mile, this location offers easy access for commuters and healthcare professionals alike. You'll also enjoy being close to Michigan Street, with its popular bars, restaurants, and local amenities.
Unit Features:
2 Bedrooms | 1 Bathroom
Lower-level unit
Brand new kitchen
New appliances
Updated interior
New Flooring
Garage Parking
Shared laundry in basement
A/C
Location Highlights:
Minutes from US-131 & I-196
Close to bus stops and public transit
Quick access to Medical Mile & downtown
Walkable to Michigan Street dining and nightlife
Rent & Fees:
Rent: $1,750/month
Security Deposit: $2,625
Non-refundable Cleaning Fee: $320
Non-refundable Pet Fee (if applicable): $200
Water/Sewer & Trash included
Tenant responsible for gas and electric
This unit offers a strong combination of location, updates, and convenience in one of NE Grand Rapids' most desirable areas.
Sold for $310,000
$310,000
507 Eastern Ave NE, Grand Rapids, MI 49503
2beds
1,000sqft
Townhouse
Built in ----
-- sqft lot
$325,900 Zestimate®
$310/sqft
$1,696 Estimated rent
Home value
$325,900
$297,000 - $358,000
$1,696/mo
Zestimate® history
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$1,985/mo
Est. payment
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$1,985/mo
Est. payment
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List your homeWhat's special
Garage parkingUpdated and remodeled bathroomClean modern feel throughoutBrand new kitchenNew appliancesNew flooring
Zillow last checked:
Listing updated:
Source: Zillow Rentals
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Interior area
- Total interior livable area: 1,000 sqft
Property
Parking
- Details: Contact manager
Features
- Exterior features: Electricity not included in rent, Garbage included in rent, Gas not included in rent, Sewage included in rent, Water included in rent
Details
- Parcel number: 411419478019
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse
Utilities & green energy
- Utilities for property: Garbage, Sewage, Water
Community & HOA
Community
- Deposit fee: $2,625
Location
- Region: Grand Rapids
Financial & listing details
- Price per square foot: $310/sqft
- Tax assessed value: $274,000
- Annual tax amount: $4,626
- Date on market: 2/7/2026
- Lease term: Contact For Details
Price history
| Date | Event | Price |
|---|---|---|
| 4/21/2026 | Listing removed | $1,750$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/24/2026 | Price change | $1,750-5.4%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/7/2026 | Listed for rent | $1,850$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/1/2025 | Sold | $310,000-4.6%$310/sqft |
Source: Public Record Report a problem | ||
| 10/6/2025 | Listed for sale | $325,000+175.4%$325/sqft |
Source: Owner Report a problem | ||
| 3/9/2016 | Sold | $118,000$118/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,626 | $137,000 +6.9% |
| 2024 | -- | $128,100 +33.9% |
| 2021 | $4,045 | $95,700 +13.8% |
| 2020 | $4,045 +16.1% | $84,100 +10.9% |
| 2019 | $3,483 | $75,800 +5% |
| 2018 | -- | $72,200 +12.8% |
| 2017 | $2,213 | $64,000 +16.2% |
| 2016 | $2,213 | $55,100 |
| 2015 | $2,213 +5% | $55,100 +30.6% |
| 2013 | $2,109 | $42,200 -15.6% |
| 2011 | -- | $50,000 -9.3% |
| 2010 | -- | $55,100 -7.2% |
| 2009 | -- | $59,400 -0.5% |
| 2007 | -- | $59,700 +70.1% |
| 2006 | -- | $35,097 +3.7% |
| 2005 | -- | $33,845 +3.3% |
| 2004 | -- | $32,764 +6.2% |
| 2002 | -- | $30,846 +3.2% |
| 2001 | -- | $29,890 |
Find assessor info on the county website
Neighborhood: Midtown
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Nearby schools
GreatSchools rating
- 5/10Coit Creative Arts AcademyGrades: PK-5Distance: 0.8 mi
- 6/10Grand Rapids University Preparatory AcademyGrades: 6-12Distance: 1.5 mi
- 4/10Innovation Central High SchoolGrades: 9-12Distance: 0.6 mi
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Estimated market value
$325,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$325,900