OPEN 12-2 SUN 8/16. Lovely two unit investment property located in South Hill just outside Heritage Hill. Conveniently located near downtown GR happenings, restaurants and pubs on Wealthy Street, Trinity Health and easy access to expressways and bus lines. Offering solid potential for income diversification. Could be ideal owner occupied as upper unit is currently vacant. Property offers loads of old world character and charm all the way through. Main floor with 2 bedrooms, wood flooring, high 10' ceilings, ornate wood work, spacious foyer, french doors and fireplace. Upper level with 3 bedrooms, high ceilings, wood flooring, nice wood work & trim, transom window, access to unfinished 3rd floor attic. All appliances remain including double washer & dryers. Basement offers separate locked storage areas & separate laundry area for each unit. City Certified thru 5/21/30. New roof 2024, many newer windows, 2 newer water heaters, ext was painted 3 years ago. Quaint rear yard. Hurry! Main floor tenant has occupied the unit for 20 years. If offers are received, seller will review Tuesday 8/18 at 7 pm.
Active
$319,500
745 Prospect Ave SE, Grand Rapids, MI 49503
5beds
2baths
2,665sqft
2 to 4 Units
Built in 1900
-- sqft lot
$303,400 Zestimate®
$120/sqft
$-- HOA
What's special
Quaint rear yardWood flooringFrench doorsMany newer windowsOrnate wood workTransom windowSpacious foyer
- 2 days |
- 450 |
- 33 |
Zillow last checked:
Listing updated:
Listed by:
Aurelia R Becker 616-293-5269,
Pro Real Estate Services LLC 616-293-5269
Source: MichRIC,MLS#: 26042512
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
Heating
- Forced Air
Cooling
- None
Appliances
- Laundry: Common Area, In Basement, Laundry Room, See Remarks
Features
- Basement: Full,Walk-Out Access
Interior area
- Total interior livable area: 2,665 sqft
Property
Parking
- Parking features: Paved
Lot
- Size: 4,356 Square Feet
- Dimensions: 44 x 100
- Features: Sidewalk, Corner Lot
Details
- Parcel number: 41143118203
- Zoning description: Res
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, Storm 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: $120/sqft
- Tax assessed value: $43,855
- Annual tax amount: $2,311
- Date on market: 8/13/2026
- Listing terms: Cash,Conventional
- Tenant pays: Electricity, Gas
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
$303,400
$264,000 - $340,000
$2,404/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/13/2026 | Listed for sale | $319,500+403.6%$120/sqft |
Source:  MichRIC #26042512 Report a problem | ||
| 1/16/2001 | Sold | $63,447$24/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,206 | $153,400 +11.2% |
| 2024 | -- | $137,900 +53.2% |
| 2021 | $1,929 | $90,000 +15.2% |
| 2020 | $1,929 +3.2% | $78,100 +22.8% |
| 2019 | $1,870 | $63,600 +23.3% |
| 2018 | -- | $51,600 +18.9% |
| 2017 | $1,833 | $43,400 +12.4% |
| 2016 | $1,833 | $38,600 |
| 2015 | $1,833 +5% | $38,600 +16.6% |
| 2013 | $1,747 | $33,100 -30.2% |
| 2011 | -- | $47,400 -19.5% |
| 2010 | -- | $58,900 |
| 2009 | -- | $58,900 +17.3% |
| 2007 | -- | $50,200 +42.3% |
| 2006 | -- | $35,272 +3.7% |
| 2005 | -- | $34,014 +3.3% |
| 2004 | -- | $32,928 +6.2% |
| 2002 | -- | $31,000 +60.9% |
| 2001 | -- | $19,271 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: South Hill
Nearby schools
GreatSchools rating
- 3/10Martin Luther King Leadership AcademyGrades: PK-8Distance: 0.6 mi
- 6/10Grand Rapids University Preparatory AcademyGrades: 6-12Distance: 0.5 mi
- 4/10Innovation Central High SchoolGrades: 9-12Distance: 1.2 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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