1215 Lake DR SE, City Of Grand Rapids, MI 49506
$499,900
Est. payment /mo
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2,911 SqFt
Pending

1215 Lake DR SE City Of Grand Rapids, MI 49506

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Nicole Stillman

Nicole Stillman

+1(248) 790-9075

UPDATED:

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Pending

Purchase Type For Sale

Square Footage 2,911 sqft

Price per Sqft $171

MLS Listing ID 65026045423

Year Built 1910

Lot Size 6,534 Sqft

Acres 0.15

Property Sub-Type MultiFamily

Property Description

Welcome to 1211-1215 Lake Dr! A rare opportunity for investors and owner-occupants in one of Grand Rapids' most walkable and desirable neighborhoods! This character-filled two-unit property combines immediate rental income, a vacant unit ready for occupancy and exciting future expansion potential. The vacant upper unit features two bedrooms, one full bath, beautiful hardwood floors, abundant natural light and spacious living and dining areas. It also enjoys its own private covered front porch and rear deck. Above the unit, an expansive 996-square-foot unfinished attic presents remarkable potential for additional living space, subject to necessary approvals. The occupied lower unit offers two bedrooms and one full bath, hardwood floors, generously sized living areas and a functional kitchen. It also has direct access to a private deck and fully fenced backyard, creating a valuable outdoor retreat.The lower unit is currently rented for $1,655 per month on a month-to-month basis. Additional features include off-street parking and a shared basement with laundry and storage space. Located within easy walking distance of Eastown, the Cherry Street business district, Fulton Street Farmers Market, restaurants, shops and neighborhood amenities. Live in the vacant upper unit while collecting rent below, lease both units, or explore the property's long-term potential???this is a flexible opportunity in a location tenants and homeowners love.

Location

State MI

County Kent

Area Area41142Grandrapids

Rooms

Basement Daylight, Full

Interior

Heating Hot Water, Natural Gas, Radiant, Steam

Cooling Ductless, Window Units

Fireplace No

Laundry CommonArea, InBasement, Sink, WasherHookup

Exterior

Parking Features Asphalt

Community Features Sidewalks

Utilities Available ElectricityConnected, NaturalGasConnected, PhoneAvailable, SewerConnected

View Y/N No

Roof Type Composition

Building

Lot Description CornerLot

Sewer Public Sewer, Sewer At Street

Water Public

New Construction No

Schools

School District Grand Rapids

Others

Acceptable Financing Cash, Conventional, VaLoan

Listing Terms Cash, Conventional, VaLoan

Special Listing Condition Standard

Realcomp MLS
©2026 Realcomp II Ltd. Shareholders
Listed by Wyatt Martin of Greenridge Realty (EGR)

NEARBY SCHOOL & BUSINESS

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Nicole Stillman

Nicole Stillman

Advisor/Admin License ID: 6501372905

+1(248) 790-9075

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1215 Lake DR SE