240 Union Avenue
Grand Rapids, MI 49503

More
Photos »

Tools & Resources:

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. 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

Open House

• Sunday Apr 26, 2pm–4pm

Features

• Property Type: Multi Family Home
• Sub Type: 2 to 4 Units
• Listing Status: Active
• County/Area: Kent County
• Zip Code: 49503
• Year Built: 1890
• Subdivision/Neighborhood: Heritage Hill
• School District: Grand Rapids
• Units: 2 units
• Basement: Full, Michigan Basement, Yes, Yes
• # of Parking Spaces: 3
• Lot Size: 6621 sq ft lot
• Open House: 04-26-2026 2:00 PM - 4:00 PM
• Construction Materials: Wood Siding
• Cross Street: college and cherry
• Driveway: Paved
• Extras: Sep Electric Meter, Sep Gas Meter, Tenant Storage
• Heat Source: Natural Gas
• Heat Type: Forced Air
• Heating: Forced Air
• Homestead%: 50
• Laundry Features: In Basement, In Unit, Upper Level
• Lot Size Area: 0.15
• Lot Size Square Feet: 6621
• Lot Size Units: Acres
• Main Type: Multi Family
• Number Of Buildings: 1
• Number Of Diff Unit Floor Plans: 2
• Owner Pays: Sewer, Water
• Parcel Number: 41-14-30-476-009
• Parking Features: Paved
• Possession: Close Of Escrow
• Road Frontage: 50
• Road Surface Type: Paved
• Roof: Composition
• SEV: 231100
• Sewer: Public Sewer
• SourceMLSURL: https://sourcemls.org/api/v1/eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJTb3VyY2VTeXN0ZW1JRCI6IlQwMDAwMDAwNiIsIkxpc3RpbmdJRCI6IjI2MDE3Mjk1IiwiU3RhbmRhcmRTdGF0dXMiOiJBY3RpdmUiLCJNb2RpZmljYXRpb25UaW1lc3RhbXAiOiIyMDI2LTA0LTI0VDEzOjI2OjE4LjAwMFoiLCJMaWNlbnNlZUlEIjoib2F1dGgyXzE1NjM0IiwiTGljZW5zZWVOYW1lIjoiaUhPVVNFd2ViLCBJbmMuIn0.UFBw2Yx_udjHrVUuYmajn6F5qiXa40q6-7Z1LLY-bQI/badge
• Spec Assessment Ty: None Known
• Street Type: Paved, Public
• Tax Annual Amount: 7927
• Tax Legal Description: S 36 FT OF LOT 8 BLK 6 & N 14 FT OF LOT 9 BLK 6* HOLBROOK S ADDITION
• Tax Year: 2025
• Tenant Pays: Electricity, Gas, Trash Collection
• Terms Available: Cash, Conventional, FHA, VA Loan
• Total Approx Sq Ft All Bldgs: 3481
• Township: City of Grand Rapids
• Util Availat Street: High Speed Internet, Cable Available, Electricity Available, Natural Gas Available, Public Sewer, Public Water, Storm Sewer, Phone Available
• Utilities: Cable Connected, Natural Gas Connected, Electricity Connected, Cable Available, Electricity Available, Natural Gas Available, Storm Sewer, Phone Available
• Water Source: Public Water