Active

$375,000

301 Spencer St NE, Grand Rapids, MI 49505

4beds

2baths

2,300sqft

Est.:

2 to 4 Units

Built in 1910

-- sqft lot

$365,300 Zestimate^®

$163/sqft

$-- HOA

What's special

Corner lotFunctional layout

Turnkey fully rented duplex in a prime NE Grand Rapids location! This well-maintained property features two occupied units providing immediate cash flow, making it an excellent investment opportunity. Each unit offers a functional layout, spacious living areas, and strong rental appeal in a high-demand area. Located just minutes from downtown, parks, shopping, and major highways, the property combines convenience with long-term rental stability. Whether you're looking to expand your portfolio or secure a reliable income-producing asset, this fully leased duplex is a solid addition in a growing market. There are two different addresses for the units since it is a corner lot. 1400 Lafayette and 301 Spencer.

14 hours

511

19

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2

Heating

Forced Air

Cooling

Wall Unit(s)

Appliances

Laundry: In Unit

Features

Basement: Michigan Basement

Interior area

Total interior livable area: 2,300 sqft

Property

Lot

Size: 3,920.4 Square Feet
Dimensions: 50 x 80
Features: Level, Sidewalk, Corner Lot

Details

Parcel number: 411418337023
Zoning description: RES

Construction

Type & style

Home type: MultiFamily
Property subtype: 2 to 4 Units

Materials

Vinyl Siding
Roof: Composition

Condition

New construction: No
Year built: 1910

Utilities & green energy

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

Community & HOA

Location

Region: Grand Rapids

Financial & listing details

Price per square foot: $163/sqft
Tax assessed value: $134,732
Annual tax amount: $6,775
Date on market: 3/4/2026
Listing terms: VA Loan,MSHDA,FHA,Cash,Conventional
Tenant pays: Electricity, Gas
Electric utility on property: Yes

Estimated market value

$365,300

$347,000 - $384,000

$1,629/mo

Price history

Date	Event	Price
3/4/2026	Listed for sale	$375,000+25%$163/sqft
Source: MichRIC #26007870 Report a problem
4/2/2025	Listing removed	$1,650$1/sqft
Source: Zillow Rentals Report a problem
3/18/2025	Price change	$1,650-17.3%$1/sqft
Source: Zillow Rentals Report a problem
2/26/2025	Price change	$1,995-5%$1/sqft
Source: Zillow Rentals Report a problem
1/22/2025	Listed for rent	$2,100$1/sqft
Source: Zillow Rentals Report a problem
10/8/2024	Sold	$300,000+0%$130/sqft
Source: MichRIC #24046628 Report a problem
9/12/2024	Pending sale	$299,900$130/sqft
Source: Berkshire Hathaway HomeServices Michigan and Northern Indiana Real Estate #24046628 Report a problem
9/5/2024	Listed for sale	$299,900+883.3%$130/sqft
Source: MichRIC #24046628 Report a problem
8/11/2009	Sold	$30,500-11.6%$13/sqft
Source: Public Record Report a problem
7/18/2009	Price change	$34,500-13.5%$15/sqft
Source: foreclosure.com Report a problem
6/27/2009	Price change	$39,900-56.9%$17/sqft
Source: foreclosure.com Report a problem
5/15/2009	Listed for sale	--
Source: foreclosure.com Report a problem
8/13/2008	Sold	$92,680+2%$40/sqft
Source: Public Record Report a problem
2/10/2006	Sold	$90,900+45.8%$40/sqft
Source: Public Record Report a problem
9/26/2005	Sold	$62,350+17%$27/sqft
Source: Public Record Report a problem
6/30/2005	Sold	$53,311$23/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	--	$112,300 +45.7%
2021	$1,973	$77,100 +10.3%
2020	$1,973 +3.2%	$69,900 +18.3%
2019	$1,913	$59,100 +27.4%
2018	--	$46,400 +15.1%
2017	$1,875	$40,300 +10.7%
2016	$1,875	$36,400
2015	$1,875 +4.9%	$36,400 -5%
2013	$1,787	$38,300 -22.5%
2011	--	$49,400 -5%
2010	--	$52,000 -11.6%
2009	--	$58,800 +10.1%
2007	--	$53,400
2006	--	$53,400
2005	--	$53,400 +67.5%
2004	--	$31,872 +6.2%
2002	--	$30,006 +3.2%
2001	--	$29,076