Sold

$245,000

538 Spencer St NE, Grand Rapids, MI 49505

3beds

2baths

1,740sqft

2 to 4 Units

Built in 1898

-- sqft lot

$245,900 Zestimate^®

$141/sqft

$1,635 Estimated rent

Home value

$245,900

$234,000 - $258,000

$1,635/mo

Zestimate^® history

Owner options

List your home for rent

$1,635/mo

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$1,635/mo

Rent Zestimate^®

Refinance and save

$1,662/mo

Est. payment

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$1,662/mo

Est. payment

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What's special

Excellent investment opportunity in the highly desirable and rapidly growing Creston neighborhood. Conveniently situated near parks, restaurants, bars, schools, shopping, and offering a quick commute to downtown Grand Rapids, this property checks all the boxes for location and long-term potential. Ideal as a buy-and-hold investment or for an owner-occupant looking to house hack, this property offers flexibility to fit a variety of strategies. Professionally managed and well-maintained, the current management company is willing to continue services, providing a smooth and seamless transition for the next owner if desired.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2

Heating

Forced Air

Features

Basement: Michigan Basement

Interior area

Total interior livable area: 1,740 sqft

Property

Parking

Total spaces: 2
Parking features: Unpaved

Lot

Size: 4,791 Square Feet
Dimensions: 53 x 86
Features: Level, Sidewalk, Corner Lot

Details

Parcel number: 411418454001
Zoning description: Res

Construction

Type & style

Home type: MultiFamily
Property subtype: 2 to 4 Units

Materials

Vinyl Siding

Condition

New construction: No
Year built: 1898

Utilities & green energy

Utilities for property: Electricity Available, Natural Gas Connected, Electricity Connected

Community & HOA

Location

Region: Grand Rapids

Financial & listing details

Price per square foot: $141/sqft
Tax assessed value: $85,250
Annual tax amount: $4,235
Date on market: 3/16/2026
Listing terms: Cash,Conventional
Tenant pays: Electricity, Gas
Electric utility on property: Yes
Road surface type: Paved

Price history

Date	Event	Price
5/27/2026	Sold	$245,000-2%$141/sqft
Source: MichRIC #26007926 Report a problem
4/17/2026	Pending sale	$250,000$144/sqft
Source: MichRIC #26007926 Report a problem
3/16/2026	Listed for sale	$250,000$144/sqft
Source: MichRIC #26007926 Report a problem
3/8/2026	Pending sale	$250,000$144/sqft
Source: MichRIC #26007926 Report a problem
3/4/2026	Listed for sale	$250,000+105.8%$144/sqft
Source: MichRIC #26007926 Report a problem
9/8/2022	Listing removed	--
Source: Zillow Rental Network Premium Report a problem
8/29/2022	Listed for rent	$950+18.8%$1/sqft
Source: Zillow Rental Network Premium Report a problem
4/1/2019	Listing removed	$800
Source: PMI West Michigan Report a problem
3/25/2019	Listed for rent	$800+6.7%
Source: PMI West Michigan Report a problem
10/25/2017	Sold	$121,500+5.7%$70/sqft
Source: Public Record Report a problem
9/5/2017	Listed for sale	$115,000+33.7%$66/sqft
Source: Yoder Real Estate #17045023 Report a problem
8/3/2017	Listing removed	$750
Source: Rental Property Consultants Report a problem
7/17/2017	Listed for rent	$750+36.4%
Source: Rental Property Consultants Report a problem
4/8/2014	Listing removed	$550
Source: Rental Property Consultants Report a problem
2/24/2014	Listed for rent	$550
Source: Rental Property Consultants Report a problem
12/9/2004	Sold	$86,000+8.9%$49/sqft
Source: Public Record Report a problem
4/29/2003	Sold	$79,000$45/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,288	$115,000 +16%
2024	--	$99,100 +47.3%
2021	$2,355	$67,300 +8%
2020	$2,355 +3.2%	$62,300 +15.8%
2019	$2,283	$53,800 +24.8%
2018	--	$43,100 +14.6%
2017	$1,846	$37,600 +9.3%
2016	$1,846	$34,400
2015	$1,846 +4.9%	$34,400 -4.4%
2013	$1,759	$36,000 -10.4%
2011	--	$40,200 -10.9%
2010	--	$45,100 -11.6%
2009	--	$51,000 +45.3%
2007	--	$35,100 -3%
2006	--	$36,200 +6.5%
2005	--	$33,985 +3.3%
2004	--	$32,900 +52.1%
2002	--	$21,630 +3.2%
2001	--	$20,960