$4,571 Closing Credit¹
#65025025120, Kyle J Kimble, Listing office: RE/MAX of Grand Rapids (FH)
$479,000 List price
506 Fairview Ave NE Grand Rapids, MI 49503
$5,688
Closing credit¹
0.06 acres
Multi-Family
Property details
About 506 Fairview Ave NE
Calling all investors! Like-new duplex just steps from Medical Mile in the sought-after Belknap Lookout neighborhood. Could easily gross $48K/yr. Completely rebuilt in 2020 on the original foundation, this modern 2-unit property features separate utilities & nearly identical layouts: each unit offers 3 bedrooms, 1 full bath, in-unit laundry, and all the modern conveniences tenants desire. Excellent rental history. Unit 1 is currently month-to-month & Unit 2 is leased through July. Includes 2 private parking spots w/abundant permitted street parking available. Public transit nearby. A rare turnkey opportunity! 24 hour notice required for showings.
Highlights
Home typeMulti Family
HeatingForced Air, Natural Gas
StatusActive
CoolingCentral Air
Lot size0.06 Acres
Year built1895
ParkingConcrete
MLS #65025019621
Summary
- Parking: Concrete
- Heating: Forced Air, Natural Gas
- Cooling: Central Air
- List Price: $479,000
- Annual Tax Amount: $3,303
- Tax Year: 2024
- Directions: From Coit/Hasting head West on Hastings. Turn right onto Fairview. House is on right. Parking is available in driveway immediately south of building.
- Year Built: 1895
- Lot Size: 0.06 Acres
- MLS Number: 65025019621
- MLS Name: Greater Regional Alliance of REALTORS
- Office Name: Green Square Properties LLC
- Office Phone: (616) 285-9305
- Listing Agent: Melissa Mitchell
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.
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Last updated on: 6/14/2025, 10:45:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$479,000
506 Fairview Ave NE
$5,688
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 29, 2017 | Home Sold | $141,250 |
| Oct 25, 2007 | Home Sold | $91,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $123,800 | $3,303 |
| 2023 | $117,000 | $3,303 |
| 2022 | $105,500 | $3,303 |
| 2021 | $65,800 | $2,655 |
| 2020 | $63,200 | $2,655 |
| 2019 | $56,800 | $1,344 |
| 2018 | $48,600 | $1,351 |
| 2017 | $43,300 | $1,287 |
History based on county public records data.
Nearby schools
3
Coit Creative Arts Academy
Public District PK-5
0.1 mi
•617 Coit Ave NE
2
East Leonard Elementary School
Public District PK-5
0.9 mi
•410 Barnett St NE
8
Grand Rapids Child Discovery Center
Public Charter KG-5
1.2 mi
•409 Lafayette 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 $47,840. The most common annual income of people living in Grand Rapids, MI is between $35k-100k. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
35%
<35k
56%
35k-100k
8%
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?
77%
Single, No Kids
7%
Single, with Kids
11%
Married, No Kids
5%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
10%
<11 yrs old
2%
12-17 yrs old
59%
18-34 yrs old
25%
35-64 yrs old
4%
65+ yrs old
What do the neighbors do for fun?
Tennis
Music Concerts
Major League Soccer (MLS)
Where do the neighbors shop?
Crate & Barrel
H&M
Banana Republic
Where do the neighbors go to eat?
Starbucks
Chipotle
Jack In The Box
What do the neighbors drive?
BMW
Volkswagen
Toyota
What do the neighbors listen to?
News
Rhythmic Contemporary Hits
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
About 506 Fairview Ave NE
The listing price of 506 Fairview Ave NE property is $479,000.
The property 506 Fairview Ave NE is a multi located in Grand Rapids, Michigan, 49503.
Active Listing: 506 Fairview Ave NE is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 506 Fairview Ave NE are: Coit Creative Arts Academy (GreatSchools Rating 3/10), East Leonard Elementary School (GreatSchools Rating 2/10), Grand Rapids Child Discovery Center (GreatSchools Rating 8/10), Grand Rapids Public Museum Middle School (GreatSchools Rating 3/10), Martin Luther King Leadership Academy (GreatSchools Rating 3/10), Center for Economicology (GreatSchools Rating 8/10), Grand Rapids Montessori Middlehigh (GreatSchools Rating 7/10), Innovation Central High School (GreatSchools Rating 4/10), Grand Rapids Montessori Academy (GreatSchools Rating 4/10).
According to the records, the last property tax for 2024 is $3,303 (source: MLS/based on county public records data).
The last sale was on March 29, 2017 for $141,250 (source: MLS/tax record).
The year of construction for 506 Fairview Ave NE is 1895.
This home is located at 506 Fairview Ave NE in Grand Rapids, MI and zip code 49503 in the Belknap Lookout neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since May 5, 2025 and is currently priced at $479,000.
In May 2025, from all listings sold in Grand Rapids, MI there were more than 156 sold above asking price, over 84 sold below and more than 64 were sold right at the asked price. The number of homes for sale in Grand Rapids, MI increased by 14.3% between April and May 2025. In May 2025, listings were on the market for 18 days. During the same period, the median list price in this real estate market was $311,100.
From Rocket Homes Real Estate and based on county public records data.