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.
Active
Price cut: $10.9K (7/30)
$199,000
1403 Turner Ave NW, Grand Rapids, MI 49504
2beds
2baths
1,300sqft
Est.:
2 to 4 Units
Built in 1905
-- sqft lot
$-- Zestimate®
$153/sqft
$-- HOA
What's special
Basement laundry hookupGranite countertops
- 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#: 25012461

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
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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