1403 Turner Avenue Nw, Grand Rapids, MI 49504
Local realty services provided by:Better Homes and Gardens Real Estate Connections



1403 Turner Avenue Nw,Grand Rapids, MI 49504
$199,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Pending
Listed by:april moayyer
Office:moayyer real estate
MLS#:25012461
Source:MI_GRAR
Price summary
- Price:$199,000
About this home
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.
Contact an agent
Home facts
- Year built:1905
- Listing Id #:25012461
- Added:137 day(s) ago
- Updated:August 13, 2025 at 07:30 AM
Heating and cooling
- Heating:Baseboard, Forced Air
Structure and exterior
- Year built:1905
- Lot area:0.06 Acres
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$199,000
- Tax amount:$1,435 (2024)
New listings near 1403 Turner Avenue Nw
- New$188,500Active2 beds 1 baths1,367 sq. ft.
2641 Chatham Woods Drive Se, Grand Rapids, MI 49546
MLS# 25041415Listed by: BERKSHIRE HATHAWAY HOMESERVICES MICHIGAN REAL ESTATE (MAIN) - New$239,900Active3 beds 2 baths1,233 sq. ft.
1683 Herrick Avenue Ne, Grand Rapids, MI 49505
MLS# 25041394Listed by: APEX REALTY GROUP - New$190,000Active2 beds 2 baths1,000 sq. ft.
228 Floyd Street Sw, Grand Rapids, MI 49548
MLS# 25041384Listed by: 616 REALTY LLC - NewListed by BHGRE$479,000Active4 beds 3 baths3,040 sq. ft.
2401 Elderwood Drive Nw, Grand Rapids, MI 49544
MLS# 25041388Listed by: ERA REARDON REALTY GREAT LAKES - New$210,000Active2 beds 1 baths646 sq. ft.
821 Flat Street Ne, Grand Rapids, MI 49503
MLS# 25041371Listed by: FIVE STAR REAL ESTATE (GRANDV) - New$649,900Active5 beds 4 baths3,314 sq. ft.
2502 Bluff Meadows Drive Se, Grand Rapids, MI 49546
MLS# 25041376Listed by: FIVE STAR REAL ESTATE (ADA) - New$175,000Active2.99 Acres
755 Maynard Avenue Nw, Grand Rapids, MI 49504
MLS# 25041377Listed by: SIGNATURE ASSOCIATES KALAMAZOO - New$299,900Active3 beds 2 baths1,234 sq. ft.
1832 Carlton Avenue Ne, Grand Rapids, MI 49505
MLS# 25041345Listed by: FIVE STAR REAL ESTATE (EASTOWN) - New$255,000Active2 beds 1 baths945 sq. ft.
505 Cherry Street Se #504, Grand Rapids, MI 49503
MLS# 25041348Listed by: FIVE STAR REAL ESTATE (ADA) - New$269,900Active3 beds 2 baths1,450 sq. ft.
1028 Underwood Avenue Se, Grand Rapids, MI 49506
MLS# 25041350Listed by: EVENBOER WALTON, REALTORS