Sold

$407,000

548 Fulton St E, Grand Rapids, MI 49503

4beds

5baths

2,639sqft

2 to 4 Units

Built in 1915

-- sqft lot

$525,600 Zestimate^®

$154/sqft

$1,452 Estimated rent

Home value

$525,600

$484,000 - $573,000

$1,452/mo

Zestimate^® history

Owner options

List your home for rent

$1,452/mo

Rent Zestimate^®

Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

Learn more

$1,452/mo

Rent Zestimate^®

Refinance and save

$2,541/mo

Est. payment

Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

See today's rates

$2,541/mo

Est. payment

Explore your selling options

Work with a Zillow partner agent

Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

Get started

List with your own agent

Get your home in front of millions of buyers by listing it on Zillow.

Learn how to do it

Sell it yourself

Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

List your home

What's special

Great investment opportunity to own a rental property in the heart of the most popular rental district in Grand Rapids. This heritage hill Four unit is currently 75% occupied with a past average annual rental income of $43,000. With some tasteful updating & remodeling the estimated annual rental income could be $55,000 +. New boiler installed in 2022. Home is currently up for rental certification and the new owner would be responsible for completion. Home is also located in the historic district of Heritage Hill and must comply with their standards. Other amenities are a joint laundry area, basement storage and off street parking.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 5

Heating

Hot Water

Cooling

Window Unit(s)

Features

Basement: Full,Slab

Interior area

Total interior livable area: 2,639 sqft

Property

Parking

Total spaces: 4
Parking features: Asphalt, Driveway

Lot

Size: 5,170 sqft
Dimensions: 47 x 110
Features: Level

Details

Parcel number: 411430404007
Zoning description: R-2

Construction

Type & style

Home type: MultiFamily
Property subtype: 2 to 4 Units

Materials

Brick, Stucco, Wood Siding
Roof: Composition

Condition

New construction: No
Year built: 1915

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 & neighborhood

Location

Region: Grand Rapids

Other

Other facts

Listing terms: Cash,Conventional
Road surface type: Paved

Price history

Date	Event	Price
7/28/2023	Sold	$407,000+1.8%$154/sqft
Source: MichRIC #23023953 Report a problem
7/14/2023	Pending sale	$400,000$152/sqft
Source: MichRIC #23023953 Report a problem
7/7/2023	Listed for sale	$400,000+142.4%$152/sqft
Source: MichRIC #23023953 Report a problem
2/4/2011	Listing removed	$525
Source: Paradigm Properties Report a problem
1/6/2011	Listed for rent	$525
Source: Paradigm Properties Report a problem
10/9/2009	Sold	$165,000-28.2%$63/sqft
Source: Public Record Report a problem
3/11/2008	Listing removed	$229,900$87/sqft
Source: Visual Tour #604668 Report a problem
2/19/2008	Listed for sale	$229,900+5.9%$87/sqft
Source: Visual Tour #604668 Report a problem
12/5/2002	Sold	$217,000$82/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$9,703	$202,300 +8.1%
2024	--	$187,100 +17.2%
2021	$4,847	$159,700 +13.4%
2020	$4,847 +3.2%	$140,800 +2.3%
2019	$4,699	$137,600 +0.4%
2018	--	$137,000 +21.7%
2017	$4,606	$112,600 +15.7%
2016	$4,606	$97,300
2015	$4,606 +5%	$97,300 +10.4%
2013	$4,389	$88,100 -15.9%
2011	--	$104,700 -4.4%
2010	--	$109,500 -2.5%
2009	--	$112,300 +4.7%
2007	--	$107,300 +6.2%
2006	--	$101,005 +3.7%
2005	--	$97,402 +3.3%
2004	--	$94,291 +40.4%
2002	--	$67,177 +3.2%
2001	--	$65,094