Recently Listed Open House 4/26 2pm - 4pm
240 Union Avenue SE
Grand Rapids, MI, 49503 $ 449,900
Baths0.0 Monthly Estimate*
$ 2,770
Studio for $449,900. This 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 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
FeaturesGeneralSewer Public Sewer
Heating Forced 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 1890
Tenant Pays Electric Trash Gas
Township City of Grand Rapids
Property Subtype 2 to 4 Units
Tax Year 2025
County Kent
New Construction N
Property Type Multi Family
Attached Garage N
Subdivision Name Heritage Hill
Status Active
City Grand Rapids
High School District Grand Rapids
Zoning Description N/A
Number Of Units Total 2
Lot Size Units Acres
Lot Size Square Feet 6621.0
Listing Terms VA Loan FHA Cash Conventional
Land Lease Y/N N
Tax Annual Amount 7927.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Rent Control Y/N N
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
Senior Community None
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InteriorBasement Full Michigan Basement
Basement (Y/N) Y
Heating Y/N Y
Laundry Features In Basement In Unit Upper Level
Total Baths 0
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ExteriorParking Features Paved
Total Parking 3.0
Lot Size Area 0.15
Number of Buildings 1
Spa N
Lot Dimensions 50 x 132
Lot Size Acres 0.15
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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* Excluded FeaturesList ByPaul Bunce Real EstateBroker
Affordability Calculator
- 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.
Learn more about how to save NearbyMulti-family listings in Grand Rapids, MI
Average List Price $402,234
Percent of Sale Price 11%
About Grand Rapids, MI 199,553 Population
1% Since 2002
$ 43,558 Median Income
34 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
250213 Elementary School
249218 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/23/2026 | $449,900 | | Listed Price |