Sold

Street View

$370,000

640 Prospect Ave SE, Grand Rapids, MI 49503

5beds

2baths

2,581sqft

2 to 4 Units

Built in 1900

-- sqft lot

$447,700 Zestimate^®

$143/sqft

$1,709 Estimated rent

Home value

$447,700

$425,000 - $475,000

$1,709/mo

Zestimate^® history

Owner options

List your home for rent

$1,709/mo

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$1,709/mo

Rent Zestimate^®

Refinance and save

$2,357/mo

Est. payment

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$2,357/mo

Est. payment

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What's special

Incredible investment opportunity! This fully updated duplex is a strategic investment in a prime location. Both units feature modernized kitchens with stainless steel appliances, updated bathrooms, and over 1100 sq ft of living space in each unit. On top of all already mentioned- the lower unit offers 2 beds, 1 bath, a cozy fireplace, and in-unit washer/dryer. Upper unit offers 3 beds and 1 bath, in-unit washer/dryer, and exterior private entrance ensuring privacy and convenience. Enjoy the large backyard. Conveniently located near parks, downtown Grand Rapids, and freeways, it's an ideal prospect for tenants seeking both convenience and recreation. Whether you're an astute investor or a homeowner seeking an income-generating opportunity, act now to secure this prime property!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 2

Heating

Forced Air

Cooling

None

Features

Basement: Crawl Space,Partial

Interior area

Total interior livable area: 2,581 sqft

Property

Parking

Total spaces: 2

Lot

Size: 6,534 Square Feet
Dimensions: 45 x 145
Features: Sidewalk

Details

Parcel number: 411431179009
Zoning description: R-2

Construction

Type & style

Home type: MultiFamily
Property subtype: 2 to 4 Units

Materials

Wood Siding
Roof: Composition

Condition

New construction: No
Year built: 1900

Utilities & green energy

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

Community & HOA

Location

Region: Grand Rapids

Financial & listing details

Price per square foot: $143/sqft
Tax assessed value: $53,302
Annual tax amount: $2,764
Date on market: 11/2/2023
Listing terms: VA Loan,FHA,Cash,Conventional
Tenant pays: Water
Electric utility on property: Yes
Road surface type: Paved

Price history

Date	Event	Price
12/8/2023	Sold	$370,000$143/sqft
Source: MichRIC #23137816 Report a problem
11/8/2023	Pending sale	$370,000$143/sqft
Source: MichRIC #23137816 Report a problem
11/2/2023	Listed for sale	$370,000$143/sqft
Source: MichRIC #23137816 Report a problem
10/26/2023	Pending sale	$370,000$143/sqft
Source: MichRIC #23137816 Report a problem
10/11/2023	Listed for sale	$370,000+514.6%$143/sqft
Source: MichRIC #23137816 Report a problem
3/4/2016	Listing removed	$825
Source: Urban Pharm Report a problem
2/25/2016	Listed for rent	$825+13.8%
Source: Urban Pharm Report a problem
4/22/2013	Listing removed	$725
Source: JMD Group LLC Report a problem
4/9/2013	Listed for rent	$725+4.3%
Source: JMD Group LLC Report a problem
10/30/2012	Listing removed	$695
Source: JMD Group LLC Report a problem
10/16/2012	Listed for rent	$695
Source: JMD Group LLC Report a problem
6/27/2012	Sold	$60,200-4.4%$23/sqft
Source: Public Record Report a problem
4/6/2012	Listed for sale	$63,000-63.8%$24/sqft
Source: foreclosure.com Report a problem
5/12/2010	Sold	$174,021+5.5%$67/sqft
Source: Public Record Report a problem
6/11/2007	Sold	$164,900$64/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$7,857	$185,100 +0.8%
2024	--	$183,700 +53.1%
2021	$2,665	$120,000 +15.5%
2020	$2,665 +3.2%	$103,900 +20.8%
2019	$2,583	$86,000 +36.5%
2018	--	$63,000 +18.6%
2017	$2,600	$53,100 +12.5%
2016	$2,600	$47,200
2015	$2,600 +7.7%	$47,200 -0.8%
2013	$2,413	$47,600 -30.8%
2011	--	$68,800 -19.6%
2010	--	$85,600
2009	--	$85,600 +35.7%
2007	--	$63,100 +65.9%
2006	--	$38,043 +3.7%
2005	--	$36,686 +3.3%
2004	--	$35,515 +6.2%
2002	--	$33,436 +3.2%
2001	--	$32,400