Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
2 Baths

$499,900

1215 Lake Drive SE, Grand Rapids MI, 49506

Price per sqftN/A
Built in1910
Property typeMulti-family
Courtesy of Wyatt Martin, Greenridge Realty (EGR)

Overview

Pending

Listed Aug 27, 2026

Updated 11 days ago

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.

$3,326/mo

Est. mortgage payment based on a $499,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
26045423

Interior Features

Bathrooms
2
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.15 Acres

Other Property Details

Taxes
$5,880
Tax Frequency
Annually
MLS provider logo

Courtesy of Greenridge Realty (EGR)

The IDX display contains information sourced from the MichRIC® as of 9/20/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2026 MichRIC® All rights reserved.

Data last updated 9/20/2026

Powered by Luxury Presence