Open House Sun 4/6 12-2 PM! Located in the highly sought-after Heritage Hill Historic District, this beautifully maintanined two-unit property presents an exceptional investment opportunity or perfect for owner occupancy. With a strong rental history and steady income potential, it's ideally situated in a high demand rental market. Each unit features seperate utilites and in-unit laundry. The first-floor unit offers two bedrooms, one bathroom, and a full, dry basement. The second unit, spanning the second and third floors, boasts three bedrooms, 1.5 bathrooms, and an open-concept living and dining area. Additionally, there are four dedicated parking spaces. This prime location is walking distance to GRCC, Corewell Health, top restaurants and downtown Grand Rapids!
Sold
$462,000
235 Lyon St NE, Grand Rapids, MI 49503
5beds
3baths
2,929sqft
2 to 4 Units
Built in 1910
-- sqft lot
$475,900 Zestimate®
$158/sqft
$1,459 Estimated rent
Home value
$475,900
$443,000 - $514,000
$1,459/mo
Zestimate® history
Owner options
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$1,459/mo
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$1,459/mo
Rent Zestimate®
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$2,908/mo
Est. payment
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$2,908/mo
Est. payment
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List your homeWhat's special
Full dry basementDedicated parking spacesIn-unit laundry
Zillow last checked:
Listing updated:
Listed by:
Debra Bizon 616-813-1504,
Keller Williams GR East
Bought with:
Mary C Noles, 6501398113
ReSIDE Grand Rapids
Source: MichRIC,MLS#: 25012663
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Heating
- Forced Air
Cooling
- Wall Unit(s)
Appliances
- Laundry: Upper Level
Features
- Basement: Full
Interior area
- Total interior livable area: 2,929 sqft
Property
Parking
- Total spaces: 4
- Parking features: Concrete, Driveway
Lot
- Size: 3,484 Square Feet
- Dimensions: 35 x 95
- Features: Sidewalk
Details
- Parcel number: 411430130011
- Zoning description: NA
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 to 4 Units
Materials
- Wood Siding
- Roof: Composition
Condition
- New construction: No
- Year built: 1910
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Natural Gas Connected, Electricity Connected
Community & HOA
Location
- Region: Grand Rapids
Financial & listing details
- Price per square foot: $158/sqft
- Tax assessed value: $204,500
- Annual tax amount: $4,457
- Date on market: 4/3/2025
- Listing terms: Cash,Conventional
- Tenant pays: Electricity, Gas
- Electric utility on property: Yes
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 5/2/2025 | Sold | $462,000-2.7%$158/sqft |
Source:  MichRIC #25012663 Report a problem | ||
| 4/22/2025 | Pending sale | $475,000$162/sqft |
Source: MichRIC #25012663 Report a problem | ||
| 4/1/2025 | Listed for sale | $475,000$162/sqft |
Source: MichRIC #25012663 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,257 | $204,500 +4.1% |
| 2024 | -- | $196,400 +34.3% |
| 2021 | $3,723 | $146,200 +8.8% |
| 2020 | $3,723 +3.2% | $134,400 +12.3% |
| 2019 | $3,609 | $119,700 +16% |
| 2018 | -- | $103,200 +9.4% |
| 2017 | $3,538 | $94,300 +15.6% |
| 2016 | $3,538 | $81,600 |
| 2015 | $3,538 +5% | $81,600 +12.7% |
| 2013 | $3,371 | $72,400 -16% |
| 2011 | -- | $86,200 -4.5% |
| 2010 | -- | $90,300 -2.3% |
| 2009 | -- | $92,400 +0.8% |
| 2007 | -- | $91,700 +63.5% |
| 2006 | -- | $56,095 +3.7% |
| 2005 | -- | $54,094 +3.3% |
| 2004 | -- | $52,366 +6.2% |
| 2002 | -- | $49,300 +3.2% |
| 2001 | -- | $47,772 |
Find assessor info on the county website
Neighborhood: Heritage Hill
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Nearby schools
GreatSchools rating
- 4/10Grand Rapids Montessori Public SchoolGrades: PK-12Distance: 0.3 mi
- 4/10Innovation Central High SchoolGrades: 9-12Distance: 0.2 mi
- 6/10Grand Rapids University Preparatory AcademyGrades: 6-12Distance: 1 mi
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Estimated market value
$475,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$475,900
- Michigan
- Kent County
- Grand Rapids
- 49503
- Heritage Hill
- 235 Lyon St NE
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