40 Lexington Avenue NW City of Grand Rapids, MI $ 1,395,000
40 Lexington Avenue NW
$ 1,395,000
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40 Lexington Avenue NW

City of Grand Rapids, MI, 49504
$ 1,395,000
Baths0.0

Monthly Estimate*

$ 8,589

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View a Virtual Tour
Studio Multi-Family Home for sale in City of Grand Rapids, MI for $1,395,000. This home was built in 1927 on a lot size of 0.2.

One of the most distinctive residential multi-family properties in the city, this meticulously renovated historic firehouse seamlessly blends character, charm, and modern opportunity. Originally home to GRFD Engine No. 8 in the early 1900s, the property's rich history is beautifully preserved through thoughtful design elements, including exposed brick, oversized arched windows, and even a firepole in the welcoming foyer. Perfectly positioned just moments from the city's exciting new soccer stadium and amphitheater, the location adds another layer of appeal for both residents and investors alike. Beyond its architectural significance, this property stands out as a compelling investment, offering highly sought-after amenities such as five garage parking spaces, four additional exterior spots, and multiple inviting outdoor areas--from a quaint upper deck off the primary unit to a private, well-manicured yard with patio.The building features three distinct units, with the potential to convert part of the expansive garage into a fourth. The upper primary unit is a showpiece, complete with elevator access, two bedrooms, two full baths, in-unit laundry, and stunning historic details throughout. The lower one-bedroom unit boasts a recently renovated kitchen highlighted by a striking live-edge island, a full bath, and direct patio access. Perched above, the charming "Hayloft" unit offers a cozy one-bedroom, one-bath layout with breathtaking floor-to-ceiling windows that flood the space with natural light. The one-bedroom units share a conveniently located laundry area within the garage, which doubles as a recreational space with a pickleball court--perfect for enthusiasts. Rarely does a property combine history, versatility, location, and income potential so effortlessly. Opportunities like this are hard to come by--schedule your private tour today.

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Multi-Family Active

Price

$ 1,395,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 12,515

Style

MultiFamily

Lot Size

0.2

Year Built

1927

Town/City

City of Grand Rapids

County/Region

KENT

MLS | Web ID

65026019796

Features
General
Sewer PublicSewer SewerAtStreet
Heating ForcedAir NaturalGas
Cooling CentralAir
Utilities CableConnected ElectricityConnected NaturalGasConnected SewerConnected
Possession CloseOfEscrow SubjectToTenantRights
Construction Materials Brick
Year Built 1927
Property Subtype MultiFamily
Tax Year 2025
County Kent
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Garage Y/N N
Status Active
City GrandRapidsCity_Kent
Senior Community Y/N N
High School District GrandRapids
Zoning Description Residential
Number Of Units Total 3
MLS Area Area41142GrandRapids
Lot Size Units SquareFeet
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 12515.56
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
Virtual Tour https://www.zillow.com/view-imx/76c72e76-cf28-4e0e-89f7-0c9c87370c1a?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard https://www.zillow.com/view-imx/76c72e76-cf28-4e0e-89f7-0c9c87370c1a?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
Standard Status Active
Tax Assessed Value 248926
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Exterior
Parking Features Garage Paved
Water Source Public
Total Parking 11.0
Lot Size Area 8712.0
Foundation Details Slab
Number of Buildings 1
Spa N
Lot Dimensions 66x132
Lot Size Acres 0.2
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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Interior
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Laundry Features CommonArea
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Internal Only
Street Number 1 40
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* Excluded Features
List By
Jason Van Assen

Listing Agent

Grandville - Weichert, Realtors® - Platinum Group

Broker

Affordability Calculator

$9,632
Per Month
89%
11%
0%
Monthly Principal & Interest
$8,589
Monthly Property Taxes
$1,043
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
5/4/2026$1,395,000 Listed Price

Map


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40 Lexington Avenue NW, City of Grand Rapids, MI, 49504 is a Multi-Family Home for sale at $1,395,000 with a lot size of 0.2. 40 Lexington Avenue NW is a studio with 0.0 baths and was built in 1927. The property's zip code is 49504 which is in City of Grand Rapids, MI