$230,000

508 Delaware St SE Grand Rapids, MI 49507

Madison Area Neighborhood

Estimated payment $1,382/month

Total Views 205
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 1 Fireplace
  • Forced Air Heating System
  • Wood Siding
  • No HOA
  • High Speed Internet
  • 3-minute walk to Alexander Park

About This Home

Grand Rapids Duplex! Located just 9 mins from Downtown GR.
Lower unit offers 2 bedrooms, 1 bath, and a newer furnace and is currently rented for $1,075/month thro 5/30/26.
Upper unit features 1 bedroom, 1 bath and a flexible floor plan that could be used as 2 bedrooms or 1 bedroom plus living space.

Recently updated with 2 new water heaters. Mainly vinyl windows in both units. Tenants pay gas, electric and trash; owner covers water/sewer.

The upper unit is vacant opening the option for an owner occupier or the rental potential of $945/month (placement verified with United Property Management). Great investment opportunity with solid rental income and upside potential. Thinking of OWNER OCCUPYING THIS PROPERTY? Contact me to learn how you could potentially save $15,000

Listing Agent

Paul Leason

Berkshire Hathaway HomeServices Michigan Real Estate (South) License #6501388457 Listed on: 09/09/2025

Berkshire Hathaway HomeServices Michigan Real Estate (South)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,875

Year Built

  • Built in 1920

Lot Details

  • 4,966 Sq Ft Lot
  • Lot Dimensions are 40 x 124

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1 Fireplace
  • Basement Fills Entire Space Under The House

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • The owner pays for water, sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,875

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1920
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 40 x 124
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Zoning3: Residential
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Cable Available: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Brick, Wood Siding
  • List Price: 230000.0
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes
  • Exterior Material:Brick: Yes

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Cable Available, Natural Gas Connected, Electricity Connected

Lot Info

  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Dimensions: 40 x 124
  • Lot Size Sq Ft: 4966.0
  • Zoning Description: Residential

Rental Info

  • Owner Pays: Water, Sewer
  • Tenant Pays: Electric, Trash, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1875.0
  • Tax Year: 2025

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $1,804 $79,000 $0 $0
2024 $1,804 $72,400 $0 $0
2023 $1,790 $64,400 $0 $0
2022 $1,701 $53,600 $0 $0
2021 $1,657 $48,600 $0 $0
2020 $1,602 $41,700 $0 $0
2019 $1,590 $35,400 $0 $0
2018 $1,590 $30,700 $0 $0
2017 $1,551 $25,800 $0 $0
2016 $1,234 $23,000 $0 $0
2015 $1,176 $23,000 $0 $0
2013 -- $24,500 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2025 09/09/25 For Sale $230,000 +303.5% --
12/22/2016 12/22/16 Sold $57,000 -4.8% --
11/06/2016 11/06/16 Pending -- -- --
09/24/2016 09/24/16 For Sale $59,900 -- --
Source: Southwestern Michigan Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $57,000 First American Title
Quit Claim Deed -- None Available
Deed $9,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $42,750 New Conventional
Source: Public Records

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 25046172

Southwestern Michigan Association of REALTORS®

APN: 41-14-31-406-021

Michigan Kent County Grand Rapids 49507 Madison Area

508 Delaware St SE, Grand Rapids, MI

This home is located at 508 Delaware St SE, Grand Rapids, MI 49507 and is currently priced at $230,000. This property was built in 1920. 508 Delaware St SE is a home located in Kent County with nearby schools including Campus Elementary School, Alger Middle School, and Ottawa Hills High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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Listing Agent
Paul Leason
Section Image
Berkshire Hathaway HomeServices Michigan Real Estate (South)
(616) 779-5674