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  • Price cut: $10.9K (7/30)
    $199,000

    1403 Turner Ave NW, Grand Rapids, MI 49504

    2beds
    2baths
    1,300sqft
    : 
    2 to 4 Units
    Built in 1905
    -- sqft lot
    $-- Zestimate®
    $153/sqft
    $-- HOA

    What's special

    Basement laundry hookupGranite countertops
    Property beats the 1% Rule! Excellent opportunity to own a two-unit residential rental property in the heart of downtown Grand Rapids. $2300/mo rents. Each unit features 1 bedroom, 1 bath, with long-term tenants already in place. All utilities are split, with tenants covering electricity, gas, and trash, while the owner pays for water and sewer—making for a low-maintenance investment. The upstairs unit has been updated with granite countertops, a stainless steel refrigerator and stove, adding value and appeal. The lower unit includes a basement laundry hookup, offering additional convenience for tenants. With strong rental demand in this prime location, there is significant potential to improve rent over time, increasing cash flow and long-term returns. Don't miss this solid investment opportunity in a growing market! Back on market due to buyer financing.
    128 days
    on Zillow
    |
    1,663
    |
    91
    |

    Zillow last checked: 7 hours ago

    Listing updated: July 30, 2025 at 12:51pm

    Listed by:

    April Moayyer 330-802-3781,

    Moayyer Real Estate 616-350-3429,

    Anthony Moayyer 616-350-3429,

    Moayyer Real Estate

    Source: MichRIC,MLS#: 25012461MLS Logo
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    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    Heating
    • Baseboard, Forced Air
    Appliances
    • Laundry: In Basement
    Features
    • Basement: Michigan Basement
    • Number of fireplaces: 1
    Interior area
    • Total interior livable area: 1,300 sqft

    Property

    Lot
    • Size: 2,613.6 Square Feet
    • Dimensions: 33 x 75
    • Features: Level, Sidewalk
    Details
    • Parcel number: 411313402013
    • Zoning description: RMNW2_RES MULTI

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: 2 to 4 Units
    Materials
    • Vinyl Siding
    • Roof: Composition
    Condition
    • New construction: No
    • Year built: 1905

    Utilities & green energy

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

    Community & HOA

    Location
    • Region: Grand Rapids

    Financial & listing details

    • Price per square foot: $153/sqft
    • Tax assessed value: $27,679
    • Annual tax amount: $1,435
    • Date on market: 5/3/2025
    • Listing terms: Cash,Conventional
    • Tenant pays: Electricity, Gas
    • Electric utility on property: Yes
    • Road surface type: Paved
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