240 Union Avenue SE City of Grand Rapids, MI $ 449,900
240 Union Avenue SE
$ 449,900
Recently Listed
Open House 4/26 2pm - 4pm
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240 Union Avenue SE

City of Grand Rapids, MI, 49503
$ 449,900
Baths0.0 Sq 3,481

Monthly Estimate*

$ 2,770

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Studio Multi-Family Home for sale in City of Grand Rapids, MI for $449,900. This 3,481 square foot home was built in 1890 on a lot size of 0.15.

Excellent owner-occupied or investment opportunity in the heart of Heritage Hill! This classic duplex offers historic charm and strong income potential, with one unit already rented at $1,900/month to excellent long-term tenants and the other unit primed to immediately rent at a similar pricepoint. Both units are rental certified with the City of Grand Rapids until May of 2031, with the certifications transferable to the new owner. Each spacious 3-bedroom unit features timeless character with rich woodwork and generous living space, along with a full appliance package including dishwasher, range, refrigerator, and garbage disposal. The upper unit includes in-unit laundry, while the lower unit offers dedicated basement laundry, as well as 9-ft ceilings and original pocket doors. Current tenants keep the unit in amazing condition, have never been late on rent, and would love to stay. Enjoy a beautifully maintained yard with vibrant flowers and great curb appeal. Offers Due Monday at 5PM.Located in one of Grand Rapids' most desirable historic districts, this home is highly walkable to downtown amenities, dining, and parks, including establishments like Donkey, Wealthy Street Bakery, the Winchester, Brewery Vivant, Maru Sushi, and Grove, as well as proximity to hospitals and all that East Town has to offer. Don't miss this rare opportunity to own a standout Heritage Hill property with immediate income and long-term upside

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Open House

4/26/2026 2:00 PM - 4:00 PM
240 Union Avenue SE City of Grand Rapids, MI
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Multi-Family Active

Price

$ 449,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 7,927

Style

MultiFamily

Lot Size

0.15

Year Built

1890

Town/City

City of Grand Rapids

County/Region

KENT

MLS | Web ID

65026017295

Features
Interior
Interior Amenities Storage
Basement Full
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Laundry Features InBasement InUnit UpperLevel
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General
Sewer PublicSewer SewerAtStreet StormDrain
Heating ForcedAir NaturalGas
Utilities CableConnected ElectricityConnected NaturalGasConnected PhoneAvailable SewerConnected
Possession CloseOfEscrow
Roof Composition
Construction Materials WoodSiding
Year Built 1890
Property Subtype MultiFamily
Tax Year 2025
County Kent
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name HERITAGE HILL
Garage Y/N N
Status Active
City GrandRapidsCity_Kent
Senior Community Y/N N
High School District GrandRapids
Zoning Description Other
Number Of Units Total 2
MLS Area Area41142GrandRapids
Lot Size Units SquareFeet
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 7927.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Building Area Units SquareFeet
Standard Status Active
Tax Assessed Value 186300
Legal Description S 36 FT OF LOT 8 BLK 6 & N 14 FT OF LOT 9 BLK 6* HOLBROOK S ADDITION
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Exterior
Parking Features Paved
Water Source Public
Total Parking 3.0
Lot Size Area 6621.0
Foundation Details MichiganBasement
Number of Buildings 1
Spa N
Building Area Total 3481.0
Lot Dimensions 50 x 132
Lot Size Acres 0.15
Road Surface Type Paved
Waterfront Y/N N
Crops Included Y/N N
Road Responsibility PublicMaintainedRoad
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 240
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* Excluded Features
List By
Paul Bunce

Listing Agent

Paul Bunce Real Estate

Broker

(616) 644-2969

Phone

Affordability Calculator

$3,431
Per Month
81%
19%
0%
Monthly Principal & Interest
$2,770
Monthly Property Taxes
$661
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
4909624 Elementary School
4909684 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/23/2026$449,900 Listed Price

Map


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240 Union Avenue SE, City of Grand Rapids, MI, 49503 is a Multi-Family Home for sale at $449,900 with 3,481 sqft and a lot size of 0.15. 240 Union Avenue SE is a studio with 0.0 baths and was built in 1890. The property's zip code is 49503 which is in City of Grand Rapids, MI