Address

622 Stanley Terrace Ne, Grand Rapids, MI

Listing Type

Active

Price

$ 384,900

Property Attributes

MLS#26049352
TypeMulti-Family
Listing Status Active
CountyKENT
CityGrand Rapids
AreaCity of Grand Rapids
NeighborhoodCity of Grand Rapids
Zip49503
Style2 to 4 Units
Year Built1900
Taxes$ 7188
Price$ 384,900
Bedrooms0
Full Bathrooms2
Half Bathrooms0
Lot Size0.1 Acres

Data Source:

Michigan Regional Information Center (MICHRIC)

Property Description

Great investment opportunity in Grand Rapids! Situated on a quiet cul-de-sac, this tenant-occupied duplex features two units, each offering 2 bedrooms and 1 full bath, with separate electric service for each unit. One unit is currently leased on a month-to-month basis, while the other lease runs through February 2027. Tenant rights apply. Recent 2026 improvements include a new roof, fresh exterior paint on the upper portion of the home, new exterior stairs and upper rear deck, plus a new upper front deck. Enjoy a quiet residential setting while still being within walking distance of downtown Grand Rapids, restaurants, shopping, entertainment, and more. An excellent opportunity for investors looking to add a well-located multi-family property to their portfolio. Please do not disturb tenants. Minimum 48-hour notice required for all showings. Tenant rights apply. Owner is a licensed real estate agent in the State of Michigan.

Price History
9/16/2026	Listed $384,900

General Features

Sewer	Public Sewer
Heating	Forced Air
Utilities	Phone Available,Natural Gas Available,Electricity Available,Cable Available,Phone Connected,Natural Gas Connected,Electricity Connected,Cable Connected,Storm Sewer
Possession	Close Of Escrow
Roof	Composition
Construction Materials	Wood Siding
Year Built	1900
Tenant Pays	Electric
Township	City of Grand Rapids
Property Subtype	2 to 4 Units
Tax Year	2025
Ownership	Broker/Agent Owned
OwnerPays	Water,Sewer,Gas
County	Kent
New Construction	No
Property Type	Multi Family
Attached Garage	No
Status	Active
Directions	N off Fulton on to Union. East on to Stanley Terrace.
City	Grand Rapids
High School District	Grand Rapids
Zoning Description	RMMM2_RES MULTI
Number Of Units Total	2
Lot Size Units	Acres
Lot Size Square Feet	4269.0
Listing Terms	Cash,Conventional
Land Lease Y/N	No
Tax Annual Amount	7188.4
Lease Renewal Y/N	No
Additional Parcels Y/N	No
Rent Control Y/N	No
Standard Status	Active
Tax Assessed Value	139215
MobileHomeRemainsYN	No
Legal Description	411430280023 PART OF LOT 2 COM ON CL OF STANLEY TERR 203 FT E OF E LINE UNION AVE TH S 112.0 FT TH E 44 FT N 112.0 FT TO CL OF STANLEY TERR TH W 44 FT TO BEG EX COM 203 FT E OF E LINE UNION AVE & 96.
Senior Community	None

Interior Features

Basement	Full
Basement (Y/N)	Yes
Heating Y/N	Yes
Laundry Features	Lower Level
Total Baths	2

Exterior Features

Parking Features	Aggregate,Driveway
Lot Features	Sidewalk,Wooded
Total Parking	2.0
Lot Size Area	0.1
Number of Buildings	1
Spa	No
Lot Dimensions	44 x 97
Lot Size Acres	0.1
Road Surface Type	Paved
Waterfront Y/N	No
Crops Included Y/N	No
Horse Y/N	No
Irrigation Water Rights Y/N	No