240 Union Avenue SE, Grand Rapids, MI 49503
- $502,500
- Sold Price
- $502,500
- List Price
- $449,900
- Closing Date
- May 08, 2026
- Days on Market
- 4
- MLS#
- 26017295
- Status
- SOLD
- Type
- Multifamily
Property 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
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Additional Information
- Owner Pays
- Sewer, Water
- Taxes
- $7,927
- Acres
- 0.15
- Basement
- Full, Michigan Basement
- Heating
- Forced Air
- Roofing
- Composition
- School District
- Grand Rapids
- Sewer
- Public Sewer
- Tenant Pays
- Electricity, Gas, Trash Collection
- Total Parking Spaces
- 3
- Utilities
- Cable Connected, Natural Gas Connected, Electricity Connected, Cable Available, Electricity Available, Natural Gas Available, Storm Sewer, Phone Available
- Water
- Public Water
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Listing courtesy of Listing Agent: Paul Bunce from Listing Office: Paul Bunce Real Estate.
Selling Agent: Selling Office: .
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