1215 Lake Drive SE, Grand Rapids, MI 49506 (MLS# 26045423)

1215 Lake Drive SE, Grand Rapids, MI 49506

$499,900

Property Type: Multi Family Lot Size (sq. ft.): 6,447 Status: Active

Current Price: $499,900 List Date: 8/27/2026 Last Modified: 9/04/2026

Overview

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.

Supplements: 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. Liv ... (Read more)

Listing Details MLS# 26045423

Location Property Info

County: Kent
Street #: 1215
Street Name: Lake
Suffix: Drive
Post Direction: SE
State: MI
Zip Code: 49506
Zip (4): 1643

General Property Info

Lot Measurement: Acres
Lot Square Footage: 6447
Lot Acres: 0.15
Lot Dimensions: 75*75.66*75*95
Year Built: 1910
New Construction: No
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2029-10-29
Road Frontage: 75
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: Yes
Total Approx. SqFt All Bldgs: 2911
Total Parking Spaces: 3
Waterfront: No
School District: Grand Rapids
Association YN: No

Tax Info

Tax ID #: 41-14-29-404-027
Taxable Value: 114559
SEV: 269900
For Tax Year: 2026
Seller's Annual Property Tax: 5880
Tax Year: 2025
Spec Assessment & Ty: None

Remarks Misc

Directions: East on Lake Dr from Fuller, North on Auburn. Property on NW corner of Auburn/Lake

Access Feat

Accessibility Features: No

More Information

Unit 1

Unit #: 1211
Unit Description: Upper Unit
SqFt: 1416
Occupied: No
Bathrooms: Yes
Full Baths: Yes

Unit 2

Unit #: 1215
Unit Description: Main Level Unit
SqFt: 1269
Occupied: Yes
Monthly Rent: 1655
Bathrooms: Yes
Full Baths: Yes

Property Features

Laundry Features: Common Area; In Basement; Sink; Washer Hookup Exterior Material: Brick Roofing: Composition Substructure: Daylight; Full Lot Description: Corner Lot; Sidewalk Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected; Natural Gas Connected Util Avail at Street: Electricity Available; High Speed Internet; Natural Gas Available; Phone Available; Public Sewer; Public Water Owner Pays: Gas; Sewer; Trash Collection; Water Tenant Pays: Electric Heat Source: Natural Gas Heat Type: Hot Water; Radiant; Steam Air Conditioning: Ductless; Window Unit(s) Driveway: Asphalt Street Type: Paved; Public Mineral Rights: Unknown Terms Available: Cash; Conventional; VA Loan Possession: Subject To Tenant Rights Sale Conditions: None Unit 1: A/C Unit; Deck/Patio; Range Oven; Refrigerator Unit 2: Deck/Patio; Range/Oven; Refrigerator

Listing Office: Greenridge Realty (EGR)

Listing Agent: Wyatt Martin

Last Updated: September - 04 - 2026

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