232 Oakley Place NE Grand Rapids, MI 49503
Heritage Hill NeighborhoodEstimated payment $2,585/month
Highlights
- 1 Fireplace
- Forced Air Heating System
- Wood Siding
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,500
Year Built
- Built in 1890
Lot Details
- 2,657 Sq Ft Lot
- Lot Dimensions are 43x62
Home Design
- Wood Siding
Interior Spaces
- 1 Fireplace
- Basement
- Michigan Basement
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Natural Gas Connected
Community Details
- 2 Units
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 |
|---|---|---|---|---|
| 2024 | $6,255 | $135,400 | $0 | $0 |
| 2023 | $6,087 | $119,400 | $0 | $0 |
| 2022 | $2,830 | $102,400 | $0 | $0 |
| 2021 | $2,758 | $101,200 | $0 | $0 |
| 2020 | $2,665 | $92,900 | $0 | $0 |
| 2019 | $2,729 | $83,100 | $0 | $0 |
| 2018 | $2,658 | $69,000 | $0 | $0 |
| 2017 | $2,593 | $63,300 | $0 | $0 |
| 2016 | $2,606 | $54,100 | $0 | $0 |
| 2015 | $2,483 | $54,100 | $0 | $0 |
| 2013 | -- | $48,100 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/30/2025 05/30/25 | For Sale | $384,900 | +16.6% | -- |
| 11/23/2022 11/23/22 | Sold | $330,000 | +1.5% | -- |
| 10/17/2022 10/17/22 | Pending | -- | -- | -- |
| 10/07/2022 10/07/22 | For Sale | $325,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $330,000 | Ata National Title Group | |
| Warranty Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Deed | $65,000 | E Title Agency Inc | |
| Warranty Deed | $49,900 | -- | |
| Deed | $25,000 | -- | |
| Deed | $13,500 | -- | |
| Deed | $19,000 | -- | |
| Deed | $11,500 | -- | |
| Deed | $5,000 | -- | |
| Deed | $5,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $280,500 | New Conventional | |
| Previous Owner | $35,000 | Unknown |
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 25025120
APN: 41-14-30-203-003
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Information is deemed reliable but not guaranteed.
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