$10,000 Closing Credit¹
#65025004717, Lauren Karsten, Kevin P Knoll, Listing Office: Five Star Real Estate (Ada), Five Star Real Estate (Grandv)
$1,495,000 List price
1129 Lyon St NE Grand Rapids, MI 49503
$10,000
Closing credit¹
0.6 acres
Multi-Family
Property details
About 1129 Lyon St NE
Now offering this solid 8-unit real estate investment opportunity in Grand Rapids, Michigan. Situated in a high-rent district and close to shopping, restaurants, highways, hospitals and more. All 8 units have been tastefully remodeled, and the property is completely turnkey. Each unit features 2 sizable bedrooms, 1 bathroom, updated kitchen and living room spaces and private laundry. Plenty of private off-street parking available. New roofs, Pella windows, A/C units and furnaces as of 2 years ago. Tenants pay all utilities except for water. Possible value-add with garden unit development in the basements. Don't miss out on this opportunity to build your rental portfolio!
Highlights
Home typeMulti Family
HeatingForced Air, Natural Gas
StatusActive
CoolingCentral Air
BasementYes
Lot size0.61 Acres
Year built1961
ParkingPaved
MLS #65024059440
Summary
- MLS Number: 65024059440
- MLS Name: Greater Regional Alliance of REALTORS
- Office Name: EXP Realty (Grand Rapids), Keller Williams GR East
- Listing Agent: Ryan Ogle, Autumn Fiorillo
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/21/2025, 5:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$1,495,000
1129 Lyon St NE
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 18, 2003 | Home Sold | $468,000 |
| May 18, 2001 | Home Sold | $272,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $453,000 | $7,069 |
| 2023 | $344,400 | $7,069 |
| 2022 | $299,500 | $7,069 |
| 2021 | $204,000 | $6,996 |
| 2020 | $204,000 | $6,996 |
| 2019 | $159,600 | $6,616 |
| 2018 | $150,000 | $6,541 |
| 2017 | $136,800 | $6,232 |
History based on county public records data.
Nearby schools
3
William C Abney Academy Elementary School
Public Charter KG-6
0.4 mi
•1435 Fulton St E
6
Congress Elementary School
Public District PK-5
0.5 mi
•940 Baldwin St SE
1
Campus Elementary School
Public District PK-5
1.2 mi
•710 Benjamin Ave SE
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $30,426. Residents of Grand Rapids, MI typically earn less than $<35k each year. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
60%
<35k
25%
35k-100k
15%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
53%
Single, No Kids
15%
Single, with Kids
19%
Married, No Kids
13%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
6%
12-17 yrs old
37%
18-34 yrs old
33%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Tennis
Pro Boxing
Music Concerts
Where do the neighbors shop?
Crate & Barrel
IKEA
H&M
Where do the neighbors go to eat?
Starbucks
Quiznos
Chipotle
What do the neighbors drive?
BMW
Lexus
Volkswagen
What do the neighbors listen to?
News
Soft Adult Contemporary- Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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This home is located at 1129 Lyon St NE in Grand Rapids, MI and zip code 49503 in the Midtown neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since November 14, 2024 and is currently priced at $1,495,000.
While more than 49 listings in Grand Rapids, MI in January 2025 were sold above asking price, there were more than 32 listings sold at asking price, and more than 96 were sold below. Between December and January 2025, Grand Rapids, MI real estate market has seen decrease in the number of listings by 10.4%. In January 2025 median list price was $312,868 and the average listing age was 39 days.
From Rocket Homes Real Estate and based on county public records data.