$8,905 Closing Credit¹
#65025003523, Lauren Karsten, Kevin P Knoll, Listing Office: Five Star Real Estate (Ada), Five Star Real Estate (Grandv)
$649,900 List price
125 Eastern Ave SE Grand Rapids, MI 49503
$7,718
Closing credit¹
0.10 acres
Multi-Family
Property details
About 125 Eastern Ave SE
Seller offering 3% in concessions. Incredible income property in a prime location! This 4-unit gem, fully rented, offers outstanding cash flow and a range of impressive upgrades that enhance value and appeal. Recent improvements include: refreshed common areas with new carpet runners, vinyl plank flooring, fresh paint; new double-pane vinyl windows with aluminum wrap; total plumbing overhaul with PEX. Original water heater has been replaced by 4 dedicated units, 1 per apartment. In-unit laundry added to Units #1 & #2; Units #3 & #4 enjoy shared laundry in basement. Other updates include: new landscaping timbers, glass block windows with dryer vents, re-poured concrete steps, newly installed gutters and downspouts on north and south sides. Property is well-maintained and thoughtfully upgraSeller offering 3% in concessions. Incredible income property in a prime location! This 4-unit gem, fully rented, offers outstanding cash flow and a range of impressive upgrades that enhance value and appeal. Recent improvements include: refreshed common areas with new carpet runners, vinyl plank flooring, fresh paint; new double-pane vinyl windows with aluminum wrap; total plumbing overhaul with PEX. Original water heater has been replaced by 4 dedicated units, 1 per apartment. In-unit laundry added to Units #1 & #2; Units #3 & #4 enjoy shared laundry in basement. Other updates include: new landscaping timbers, glass block windows with dryer vents, re-poured concrete steps, newly installed gutters and downspouts on north and south sides. Property is well-maintained and thoughtfully upgraded to attract and retain tenants. Don't miss this fantastic investment opportunity! All offers due by 11/25 at 4pm.
Highlights
Home typeMulti Family
HeatingBaseboard, Electric, Forced Air, Natural Gas
StatusActive
BasementYes
Lot size0.1 Acres
Year built1878
MLS #65024059658
Summary
- MLS Number: 65024059658
- MLS Name: Greater Regional Alliance of REALTORS
- Office Name: Keller Williams GR North
- Office Phone: (616) 447-9100
- Listing Agent: Michael Smallegan
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.
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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
$649,900
125 Eastern Ave SE
$7,718
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Feb 02, 2021 | Home Sold | $580,000 |
| Jan 12, 2017 | Home Sold | $203,000 |
| Dec 22, 2008 | Home Sold | $54,000 |
| Aug 09, 2004 | Home Sold | $190,000 |
| Apr 15, 1999 | Home Sold | $126,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $175,200 | $7,053 |
| 2023 | $166,100 | $7,053 |
| 2022 | $169,700 | $7,053 |
| 2021 | $125,300 | $5,150 |
| 2020 | $119,700 | $5,150 |
| 2019 | $108,000 | $4,569 |
| 2018 | $96,800 | $3,393 |
| 2017 | $86,600 | $2,965 |
History based on county public records data.
Nearby schools
6
Congress Elementary School
Public District PK-5
0.2 mi
•940 Baldwin St SE
8
Grand Rapids Child Discovery Center
Public Charter KG-5
0.7 mi
•409 Lafayette Ave SE
3
William C Abney Academy Elementary School
Public Charter KG-6
0.8 mi
•1435 Fulton St E
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 $37,292. Residents of Grand Rapids, MI typically earn less than $<35k each year. Typical family type is 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?
49%
<35k
34%
35k-100k
16%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
85%
Single, No Kids
2%
Single, with Kids
11%
Married, No Kids
2%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
4%
<11 yrs old
1%
12-17 yrs old
61%
18-34 yrs old
28%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Music Concerts
Tennis
Major League Soccer (MLS)
Where do the neighbors shop?
H&M
Crate & Barrel
Banana Republic
Where do the neighbors go to eat?
Chipotle
Starbucks
Jack In The Box
What do the neighbors drive?
Volkswagen
BMW
Toyota
What do the neighbors listen to?
Rhythmic Contemporary Hits
News
Jazz
All data provided by Home Junction and Claritas
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This home is located at 125 Eastern Ave SE in Grand Rapids, MI and zip code 49503 in the East Hills neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since November 15, 2024 and is currently priced at $649,900.
In January 2025 more than 49 listings in Grand Rapids, MI were sold above the asking price. During the same period more than 32 listings were sold at asking price, while 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%. The median list price of listings available in January 2025 was $312,868, while the average time on the real estate market was 39 days.
From Rocket Homes Real Estate and based on county public records data.