Duplex opportunity in the heart of Grand Rapids! This multi-family home at 232 Oakley Place NE features two spacious three-bedroom, one-bath units—each with strong rental history. The upper unit is currently leased at $1,600 per month, while the lower unit brings in $1,625 on a month-to-month basis, offering flexibility for owner-occupants or rent adjustments. Each unit boasts comfortable living spaces, updated kitchens, and separate entrances. Located in a high-demand rental area just minutes from downtown, this property is ideal for investors looking to add a strong asset to their portfolio.
Pending
$384,900
232 Oakley Pl NE, Grand Rapids, MI 49503
6beds
2baths
2,354sqft
Est.:
2 to 4 Units
Built in 1890
-- sqft lot
$374,800 Zestimate®
$164/sqft
$-- HOA
What's special
Separate entrancesSpacious three-bedroomUpdated kitchens
- 69 days
- on Zillow |
- 56 |
- 1 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: July 09, 2025 at 08:24am
Listed by:
Kyle J Kimble 616-706-6086,
RE/MAX of Grand Rapids (FH) 616-957-0700
Source: MichRIC,MLS#: 25025120

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
Heating
- Forced Air
Features
- Basement: Michigan Basement
- Number of fireplaces: 1
Interior area
- Total interior livable area: 2,354 sqft
Property
Lot
- Size: 2,613.6 Square Feet
- Dimensions: 43 x 62
Details
- Parcel number: 411430203003
- Zoning description: RES
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 to 4 Units
Materials
- Wood Siding
Condition
- New construction: No
- Year built: 1890
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Natural Gas Connected
Community & HOA
Location
- Region: Grand Rapids
Financial & listing details
- Price per square foot: $164/sqft
- Tax assessed value: $125,370
- Annual tax amount: $6,500
- Date on market: 5/30/2025
- Listing terms: Cash,Conventional
- Tenant pays: Electricity, Water, Sewer, Gas
- Loading