$499,900
1215 Lake Drive SE
Grand Rapids, MI, 49506
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. 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. Live in the vacant upper unit while collecting rent below, lease both units, or explore the property’s long-term potential—this is a flexible opportunity in a location tenants and homeowners love.
Property Details
Price:
$499,900
MLS #:
26045423
Status:
Active
Beds:
0
Baths:
2
Type:
Single Family
Subtype:
2 to 4 Units
Listed Date:
Aug 27, 2026
Lot Size:
6,447 sqft / 0.15 acres (approx)
Year Built:
1910
Schools
School District:
Grand Rapids
Interior
Cooling
Ductless, Window Unit(s)
Heating
Hot Water, Radiant, Steam
Laundry Features
Common Area, In Basement, Sink, Washer Hookup
Exterior
Construction Materials
Brick
Lot Features
Sidewalk, Corner Lot
Parking Features
Asphalt, Driveway
Parking Spots
3
Parking Total
3
Roof
Composition
Financial
Tax Year
2026
Taxes
$5,880
Mortgage Calculator
Map
Current real estate data for Single Family in Grand Rapids as of Aug 27, 2026
773
Single Family Listed
48
Avg DOM
215
Avg $ / SqFt
$429,004
Avg List Price
Community
- Address1215 Lake Drive SE Grand Rapids MI
- CityGrand Rapids
- CountyKent
- Zip Code49506
Subdivisions in Grand Rapids
- Alger Heights
- Arbor Hills
- Aspen Trails Condominiums
- Bailey’s Grove
- Baileys Grove
- Baily’s Grove
- Beard Farm
- Beckwith Gardens
- Belknap Lookout
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- Brookshire Meadows East
- Brookview Village
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- Cadds Add
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- Cascade Twp
- Celadon
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- De Van Add To The City/Grand R
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- Fairmount Square Historic District
- Georgetown of Grand Rapids
- H P SNYDER S ADD
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- Jason Ridge West
- Jefferson Farms
- JEFFERSON/REGENT ST NEW DEVELOPMNTS
- Jenison Addition
- Kensington Woods
- Landmark Lofts
- Lanterns Of Cascade
- Leisure South
- Lot 12 Orchard View Plat
- maple grove
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- Southwood Village
- Summer Meadows
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- WOODSIDE COURT
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Property Summary
- 1215 Lake Drive SE Grand Rapids MI is a Single Family for sale in Grand Rapids, MI, 49506. It is listed for $499,900 and features 0 beds, 2 baths, and has approximately 0 square feet of living space, and was originally constructed in 1910. The average price per square foot for Single Family listings in Grand Rapids is $215. The average listing price for Single Family in Grand Rapids is $429,004.

1215 Lake Drive SE
Grand Rapids, MI

