Properties for sale in Michigan

240 Union Avenue SE, Grand Rapids, MI 49503

New Listing

$449,900

Property Type: Multi Family Lot Size (sq. ft.): 6,621 Status: Active

Current Price: $449,900 List Date: 4/23/2026 Last Modified: 4/23/2026

Overview

Description

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.

Supplements: 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 oppo ... (Read more)

Listing Details MLS# 26017295

Location Property Info

County: Kent
Street #: 240
Street Name: Union
Suffix: Avenue
Post Direction: SE
State: MI
Zip Code: 49503
Zip (4): 4719

General Property Info

Lot Measurement: Acres
Lot Square Footage: 6621
Lot Acres: 0.15
Lot Dimensions: 50 x 132
Year Built: 1890
New Construction: No
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2031-05-13
Road Frontage: 50
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: Yes
Total Approx. SqFt All Bldgs: 3481
Total Parking Spaces: 3
Waterfront: No
School District: Grand Rapids
Basement: Yes

Tax Info

Tax ID #: 41-14-30-476-009
Taxable Value: 186300
SEV: 231100
For Tax Year: 2025
Seller's Annual Property Tax: 7927
Tax Year: 2025
Homestead %: 50
Spec Assessment & Ty: None Known
Zoning: N/A

Access Feat

Accessibility Features: No

Unit 1

Unit #: Yes
Unit Description: Upper
SqFt: 1163
Occupied: No
Bathrooms: Yes
Full Baths: Yes
Monthly Rent: 0
Deck/Patio: Yes
Dishwasher: Yes
Garb Disp: Yes
Range Oven: Yes
Refrigerator: Yes
Sep. Heat System: Yes
W/D Hookup: Yes
Washer/Dryer: Yes

More Information

Unit 2

Unit #: 2
Unit Description: Lower
SqFt: 1253
Occupied: Yes
Monthly Rent: 1900
Bathrooms: Yes
Full Baths: Yes
Dishwasher: Yes
Garb Disp: Yes
Range/Oven: Yes
Refrigerator: Yes
Sep. Heat System: Yes
Washer/Dryer: Yes

Location & Property Info

Cross Streets: college and cherry
Property Sub-Type: 2 to 4 Units
Municipality: City of Grand Rapids
Subdivision: Heritage Hill

Office/Contract Info

Auction or For Sale: For Sale
List Price/SqFt: 129.24

Remarks & Misc

Public Remarks: 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.
Legal: S 36 FT OF LOT 8 BLK 6 & N 14 FT OF LOT 9 BLK 6* HOLBROOK S ADDITION

Street Type

Paved: Yes
Public: Yes

Util Avail at Street

Cable Available: Yes
Electricity Available: Yes
High Speed Internet: Yes
Natural Gas Available: Yes
Phone Available: Yes
Public Sewer: Yes
Public Water: Yes
Storm Sewer: Yes

Utilities Attached

Cable Connected: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Terms Available

Cash: Yes
Conventional: Yes
FHA: Yes
VA Loan: Yes

Mineral Rights

Unknown: Yes

Laundry Features

In Basement: Yes
In Unit: Yes
Upper Level: Yes

Exterior Material

Wood Siding: Yes

Roofing

Composition: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Heat Type

Forced Air: Yes

Tenant Pays

Electric: Yes
Gas: Yes
Trash: Yes

Driveway

Paved: Yes

Substructure

Full: Yes
Michigan Basement: Yes

Extras

Sep Electric Meter: Yes
Sep Gas Meter: Yes
Tenant Storage: Yes

Owner Pays

Sewer: Yes
Water: Yes

Possession

Close Of Escrow: Yes

Property Features

Laundry Features: In Basement; In Unit; Upper Level Exterior Material: Wood Siding Roofing: Composition Substructure: Full; Michigan Basement Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected Util Avail at Street: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available; Public Sewer; Public Water; Storm Sewer Extras: Sep Electric Meter; Sep Gas Meter; Tenant Storage Owner Pays: Sewer; Water Tenant Pays: Electric; Gas; Trash Heat Source: Natural Gas Heat Type: Forced Air Driveway: Paved Street Type: Paved; Public Mineral Rights: Unknown Terms Available: Cash; Conventional; FHA; VA Loan Possession: Close Of Escrow Sale Conditions: None Unit 1: Deck/Patio; Dishwasher; Garb Disp; Range Oven; Refrigerator; Sep. Heat System; W/D Hookup; Washer/Dryer Unit 2: Dishwasher; Garb Disp; Range/Oven; Refrigerator; Sep. Heat System; Washer/Dryer

Documents

LBP ›

SD unit #1 ›

SD unit#2 ›

Utility Info Unit #1 ›

Utility Info Unit #2 ›

Listing Office: Paul Bunce Real Estate

Listing Agent: Paul Bunce

Last Updated: April - 23 - 2026

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.