Sold
510 Woodlawn Street SE, Grand Rapids, MI 49507
Sold on 05/18/2026 for$234,000
MLS # 26016781 (Michigan Regional Information Center (MichRIC))
2 unitsBuilt 19000.11 acres
1 / 26
Listing Description
Amazing Investment Opportunity in the Heart of Grand Rapids! Welcome to 510 Woodlawn St SE, a meticulously maintained duplex offering a fantastic opportunity for both seasoned and first-time investors. Located just steps from the vibrant Madison neighborhood and Alexander Park, this property sits in a highly desirable and convenient location. The upper 3-bedroom unit is currently leased, with both units historically generating $1,350 per month each. The property also includes a valid Certificate of Compliance, making it a true turnkey investment. The upper unit is occupied by reliable, long-term tenants who take excellent care of the home. This property checks all the boxes with strong rental income, solid condition, and compliance already in place. Don't miss your chance to add this exceptional duplex to your portfolio!
Source: SparkMLS
About this home
Closed at $234,000.
Estimated annual property tax: $2,328, or about $194 monthly. Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Consumers Energy Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeMulti Family
Property Subtype2 to 4 Units
Bathrooms0
Lot Size0.11 acres
Year Built1900
Location
CityGrand Rapids
MunicipalityCity of Grand Rapids
Zip Code49507
CountyKent
School DistrictGrand Rapids
Construction & Systems
ConstructionVinyl Siding
BasementFull
HeatingForced Air
UtilitiesNatural Gas Connected, Electricity Connected
Sale & Financing
Listed4/20/2026
Sold Date5/17/2026
Terms AcceptedVA Loan, MSHDA, FHA, Cash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$2,328
Tax Year2025
State Equalized Value$99,500
Taxable Value$46,311
Assessed Value$46,311
Parcel #411431456003
Source: Public Records
Legal Description
LOT 76* WESTON & LOW S ADDITION
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Taylor Macias
Keller Williams GR East
Frequently Asked Questions about 510 Woodlawn Street SE, Grand Rapids, MI 49507
Which school district serves 510 Woodlawn Street SE, Grand Rapids, MI 49507?
Per MLS# 26016781, 510 Woodlawn Street SE, Grand Rapids, MI 49507 is in the Grand Rapids boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Grand Rapids directly to confirm enrollment eligibility.
Can I use FHA or VA financing for this property?
Per MLS# 26016781, this listing accepts VA Loan, MSHDA, FHA, Cash, Conventional financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 510 Woodlawn Street SE, Grand Rapids, MI 49507?
Per public tax records, annual property taxes for this property are $2,328 (2025). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 510 Woodlawn Street SE, Grand Rapids, MI 49507 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
Is 510 Woodlawn Street SE, Grand Rapids, MI 49507 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 510 Woodlawn Street SE, Grand Rapids, MI 49507?
Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: DTE Gas Company. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the City of Grand Rapids police department or the Kent County sheriff's office.
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Monthly payment$1,621
Principal & interest$1,621
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Consumers Energy Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
510 Woodlawn Street SE, Grand Rapids, MI 49507
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Municipality
Grand Rapids
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