About This Home

This 4-bedroom, 2-bathroom residential multi family at 622 Stanley Terrace NE in Grand Rapids, MI is listed for $384,900. Built in 1900, on a 0.10 acres lot.

Key Features

  • Built in 1900
  • 0.10 acre lot
  • 2 parking spaces

Property Details

2 full
2 spaces
1900
Listing Description

Great investment opportunity in Grand Rapids! Situated on a quiet cul-de-sac, this tenant-occupied duplex features two units, each offering 2 bedrooms and 1 full bath, with separate electric service for each unit. One unit is currently leased on a month-to-month basis, while the other lease runs through February 2027.

Tenant rights apply. Recent 2026 improvements include a new roof, fresh exterior paint on the upper portion of the home, new exterior stairs and upper rear deck, plus a new upper front deck. Enjoy a quiet residential setting while still being within walking distance of downtown Grand Rapids, restaurants, shopping, entertainment, and more.

An excellent opportunity for investors looking to add a well-located multi-family property to their portfolio. Please do not disturb tenants. Minimum 48-hour notice required for all showings. Tenant rights apply. Owner is a licensed real estate agent in the State of Michigan.

Monthly Cost Estimate

$2,059/mo

20% down · 6.5% · 30 years

Principal$278
Interest$1,668
Insurance$112

Estimates only. Actual payments may vary.

Location

622 Stanley Terrace NE

Grand Rapids, MI 49503

Property Details

Construction

Wood Siding

Parking

Driveway

Heating

Forced Air

Questions & Answers

This 4-bedroom, 2-bathroom residential multi family at 622 Stanley Terrace NE is listed at $384,900. The estimated monthly payment is $2,058 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1900, 0.10 acre lot, 2 parking spaces.

This property is listed by Charles Laufer.

CL

Charles Laufer

Agent at Five Star Real Estate

Listed by Five Star Real Estate · Broker phone: (616) 791-1500 · View on Broker Site · Broker website

MLS# 26049352· Source: Michigan Regional Information Center, LLC.· 44 days on PropertySimple

Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

622 Stanley Terrace NE, Grand Rapids, MI 49503

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