340 Cherry Street SE Grand Rapids, MI $ 960,000
340 Cherry Street SE
$ 960,000
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340 Cherry Street SE

Grand Rapids, MI, 49503
$ 960,000
Baths0.0

Monthly Estimate*

$ 5,989

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Studio

Multi-Family Home for sale in Grand Rapids, MI

for $960,000. This home was built in 1900 on a lot size of 0.14.

Discover an exceptional income-producing property in the heart of Grand Rapids! This massive duplex features two expansive units, one offering 6 bedrooms and the other 7 bedrooms. Making it ideal for investors or owner-occupants seeking rental income. It is located in the highly desirable Heritage Hill neighborhood and is located a short distance from downtown, hospitals, universities, and numerous restaurants. This home features plenty of character along with a blend of modern charm. Inside each unit you will find multiple bathrooms, spacious living and dining areas, updated kitchens with ample cabinetry, and in-unit laundry. Outside features a huge front porch, a quiet backyard with deck, and a private driveway for off-street parking. With its size, location, and updates, this duplex is a rare find. Be sure to schedule your showing today!

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Multi-Family Active

Price

$ 960,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 13,607

Style

2 to 4 Units

Lot Size

0.14

Year Built

1900

Town/City

Grand Rapids

County/Region

Kent

MLS | Web ID

25052799

Features
General
Sewer Public Sewer
Heating Forced Air
Cooling Central Air
Utilities Phone Available Natural Gas Available Electricity Available Cable Available Natural Gas Connected Electricity Connected Cable Connected Storm Sewer
Possession Close Of Escrow
Roof Composition
Construction Materials Wood Siding
Year Built 1900
Tenant Pays Electric Water Trash Sewer Gas
Township City of Grand Rapids
Property Subtype 2 to 4 Units
Tax Year 2025
Gross Income 7000.0
County Kent
New Construction N
Property Type Multi Family
Attached Garage N
Status Active
City Grand Rapids
High School District Grand Rapids
Zoning Description RES
Number Of Units Total 2
MLS Area Grand Rapids - G
Lot Size Units Acres
Lot Size Square Feet 6055.0
Listing Terms VA Loan FHA Cash Conventional
Land Lease Y/N N
Tax Annual Amount 13607.0
Lease Renewal Y/N N
MLS Area Minor Grand Rapids - G
Additional Parcels Y/N N
Rent Control Y/N N
Virtual Tour https://next-door-photos.vr-360-tour.com/e/RroBltM_P2o/e?accessibility=false&dimensions=false&hidelive=true&share_button=false&t_3d_model_dimensions=false
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 273936
Legal Description LOT 2 & W 1/2 OF VACATED ALLEY ADJ ON E* WELTON S ADDITION
Senior Community None
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Interior
Basement Full
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Laundry Features Common Area
Total Baths 0
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Exterior
Parking Features Concrete Driveway
Total Parking 4.0
Lot Size Area 0.14
Number of Buildings 1
Spa N
Lot Dimensions 55 x 110
Lot Size Acres 0.14
Road Surface Type Paved
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 340
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* Excluded Features
List By
Icon Realty Group Llc

Broker

joshua@icongr.com

Email

Affordability Calculator

$7,123
Per Month
84%
16%
0%
Monthly Principal & Interest
$5,989
Monthly Property Taxes
$1,134
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
250213 Elementary School
249218 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/30/2025$960,000 -4.00% Price Down
10/14/2025$1,000,000 Listed Price

Map


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340 Cherry Street SE, Grand Rapids, MI, 49503 is a Multi-Family Home for sale at $960,000 with a lot size of 0.14. 340 Cherry Street SE is a studio with 0.0 baths and was built in 1900. The property's zip code is 49503 which is in Grand Rapids, MI