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437 Union Avenue SE Grand Rapids, MI $ 399,900
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437 Union Avenue SE
$ 399,900
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437 Union Avenue SE

Grand Rapids, MI, 49503
$ 399,900
Bedrooms-- Baths2.0

Monthly Estimate*

$ 2,762

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Multi-Family Home for sale in Grand Rapids, MI

for $399,900 with 2 full baths. This home was built in 1885 on a lot size of 0.14.

Don't miss this fantastic opportunity to own a charming historic home just a one-minute walk from vibrant Wealthy Street and all its shops, restaurants, and neighborhood attractions! This well-maintained two-unit property offers a great investment opportunity with $3,175 in monthly gross rental income. The lower unit has been occupied by the same tenants for four years, while the upper unit was recently leased. Both leases run through July 2027. Updates throughout both units, separate furnaces and water heaters located in the common basement, and split utilities add to the property's appeal. A rear garage and two available parking spaces provide added convenience. Whether you're looking to expand your investment portfolio or eventually make one unit your own, this property offers historic charm, a desirable location, and excellent rental potential in one of Grand Rapids' most sought-after neighborhoods! *Note pictures were taken when vacant. Professional property management available.

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Multi-Family Active

Price

$ 399,900

Full Bath

2

Property Type

Multi-Family

Taxes

$ 5,946

Style

2 to 4 Units

Lot Size

0.14

Year Built

1885

Town/City

Grand Rapids

County/Region

Kent

MLS | Web ID

26056954
Features
General
Sewer Public Sewer
Heating Forced Air
Cooling None
Utilities Phone Available Natural Gas Available Electricity Available Cable Available Phone Connected Natural Gas Connected Electricity Connected Cable Connected Storm Sewer
Possession Close Of Escrow
Roof Composition
Construction Materials Wood Siding
Year Built 1885
Tenant Pays Electric Trash Gas
Township City of Grand Rapids
Property Subtype 2 to 4 Units
Tax Year 2025
Ownership Private Owned
Gross Income 15600
County Kent
Net Operating Income 14060
Operating Expense 1540
Insurance Expense 700
New Construction false
Property Type Multi Family
Attached Garage false
Status Active
Directions Wealthy to Union
City Grand Rapids
High School District Grand Rapids
Zoning Description RMHH2_RES MULTI
Number Of Units Total 2
Lot Size Units Acres
Lot Size Square Feet 6316
Listing Terms Cash Conventional
Tax Annual Amount 5946.57
Standard Status Active
Tax Assessed Value 112804
Legal Description LOT 10 BLK 2* MILLS ADDITION
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Interior
Basement Full
Basement (Y/N) true
Air Conditioning Y/N false
Heating Y/N true
Laundry Features In Basement
Total Baths 2
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Exterior
Parking Features Paved
Lot Features Wooded
Total Parking 4
Lot Size Area 0.14
Number of Buildings 1
Lot Dimensions 50*126
Lot Size Acres 0.14
Road Surface Type Paved
Waterfront Y/N false
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Internal Only
Street Number 1 437
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* Excluded Features
List By
United Realty Services Llc

Broker

tim@rentupm.com

Email

Affordability Calculator

$3,258
Per Month
85%
15%
0%
Monthly Principal & Interest
$2,762
Monthly Property Taxes
$496
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
0 Elementary School
0 Middle School
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Pricing History
DatePricePrice ChangeDescription
10/26/2026$399,900 Listed Price

Map

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437 Union Avenue SE, Grand Rapids, MI, 49503 is a Multi-Family Home for sale at $399,900 with a lot size of 0.14. 437 Union Avenue SE has 2.0 baths and was built in 1885. The property's zip code is 49503 which is in Grand Rapids, MI

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