1403 Turner Ave NW Grand Rapids, MI 49504
West Grand NeighborhoodEstimated payment $1,181/month
Highlights
- 1 Fireplace
- Baseboard Heating
- Level Lot
- Forced Air Heating System
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,435
Year Built
- Built in 1905
Lot Details
- 2,483 Sq Ft Lot
- Lot Dimensions are 33 x 75
- Level Lot
Home Design
- Composition Roof
- Vinyl Siding
Interior Spaces
- 1 Fireplace
Basement
- Michigan Basement
- Laundry in Basement
Utilities
- Forced Air Heating System
- Baseboard Heating
- Individual Gas Meter
Community Details
- 2 Units
Listing and Financial Details
- The owner pays for water, sewer
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,381 | $65,800 | $0 | $0 |
| 2024 | $1,381 | $60,900 | $0 | $0 |
| 2023 | $1,370 | $55,100 | $0 | $0 |
| 2022 | $1,302 | $45,900 | $0 | $0 |
| 2021 | $1,268 | $41,000 | $0 | $0 |
| 2020 | $1,226 | $36,000 | $0 | $0 |
| 2019 | $1,255 | $28,500 | $0 | $0 |
| 2018 | $1,217 | $24,100 | $0 | $0 |
| 2017 | $1,187 | $22,900 | $0 | $0 |
| 2016 | $1,225 | $0 | $0 | $0 |
| 2015 | -- | $0 | $0 | $0 |
| 2013 | -- | $19,200 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/08/2025 08/08/25 | Pending | -- | -- | -- |
| 07/30/2025 07/30/25 | Price Changed | $199,000 | -5.2% | -- |
| 06/14/2025 06/14/25 | Price Changed | $209,900 | -2.3% | -- |
| 05/29/2025 05/29/25 | Price Changed | $214,900 | -4.4% | -- |
| 05/12/2025 05/12/25 | Price Changed | $224,900 | -2.2% | -- |
| 05/03/2025 05/03/25 | For Sale | $230,000 | 0.0% | -- |
| 04/24/2025 04/24/25 | Pending | -- | -- | -- |
| 04/02/2025 04/02/25 | Price Changed | $230,000 | -8.0% | -- |
| 03/30/2025 03/30/25 | For Sale | $249,900 | +1899.2% | -- |
| 01/28/2015 01/28/15 | Sold | $12,500 | -37.2% | -- |
| 01/20/2015 01/20/15 | Pending | -- | -- | -- |
| 08/22/2014 08/22/14 | For Sale | $19,900 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $12,500 | Sun Title Agency Of Mi Llc | |
| Quit Claim Deed | $967,728 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $66,900 | -- | |
| Warranty Deed | $59,050 | Unified Title & Settlement | |
| Warranty Deed | $47,900 | -- | |
| Warranty Deed | $29,000 | -- | |
| Warranty Deed | $25,000 | -- | |
| Quit Claim Deed | $9,500 | -- | |
| Quit Claim Deed | -- | -- | |
| Deed | $25,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $310,000 | Commercial | |
| Previous Owner | $66,900 | Commercial | |
| Previous Owner | $57,550 | Commercial | |
| Previous Owner | $52,500 | Commercial |
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 25012461
APN: 41-13-13-402-013
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