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Sold
  • $502,500

    240 Union Ave SE, Grand Rapids, MI 49503

    6beds
    2baths
    2,416sqft
    2 to 4 Units
    Built in 1890
    -- sqft lot
    $505,000 Zestimate®
    $208/sqft
    $2,096 Estimated rent

    Home value

    $505,000

    $475,000 - $535,000

    $2,096/mo

    Zestimate® history
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    $2,096/mo

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    $2,096/mo

    Rent Zestimate®

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    $3,201/mo

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    $3,201/mo

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    What's special

    Dedicated basement laundryHistoric charmGreat curb appealVibrant flowersIn-unit laundryBeautifully maintained yardOriginal pocket doors
    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

    Zillow last checked:

    Listing updated:

    Listed by:

    Paul Bunce 616-644-2969,

    Paul Bunce Real Estate

    Bought with:

    Ryan M Schafer, 6501447927

    Reeds Realty

    Source: MichRIC,MLS#: 26017295MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 2
    Heating
    • Forced Air
    Appliances
    • Laundry: In Basement, In Unit, Upper Level
    Features
    • Basement: Full,Michigan Basement
    Interior area
    • Total interior livable area: 2,416 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Paved
    Lot
    • Size: 6,534 Square Feet
    • Dimensions: 50 x 132
    Details
    • Parcel number: 411430476009
    • Zoning description: N/A

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: 2 to 4 Units
    Materials
    • Wood Siding
    • Roof: Composition
    Condition
    • New construction: No
    • Year built: 1890

    Utilities & green energy

    • Sewer: Public Sewer, Storm Sewer
    • Utilities for property: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected

    Community & HOA

    Community
    • Subdivision: Heritage Hill
    Location
    • Region: Grand Rapids

    Financial & listing details

    • Price per square foot: $208/sqft
    • Tax assessed value: $186,300
    • Annual tax amount: $7,927
    • Date on market: 4/23/2026
    • Listing terms: VA Loan,FHA,Cash,Conventional
    • Tenant pays: Electricity, Gas
    • Electric utility on property: Yes
    • Road surface type: Paved

    Price history

    DateEventPrice
    5/8/2026Sold$502,500+11.7%$208/sqft
    Source: MichRIC #26017295 Report a problem
    4/28/2026Pending sale$449,900$186/sqft
    Source: MichRIC #26017295 Report a problem
    4/23/2026Listed for sale$449,900+75.7%$186/sqft
    Source: MichRIC #26017295 Report a problem
    1/29/2020Sold$256,001+2.4%$106/sqft
    Source: Public Record Report a problem
    11/30/2019Price change$249,900-7.4%$103/sqft
    Source: Redfin Corporation #19056025 Report a problem
    11/13/2019Listed for sale$269,900+50.9%$112/sqft
    Source: Redfin Corporation #19054858 Report a problem
    1/28/2014Sold$178,900-5.8%$74/sqft
    Source: Public Record Report a problem
    10/16/2013Listed for sale$189,900$79/sqft
    Source: Greenridge Realty Inc. #13060351 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$7,728 $231,100 +4.9%
    2024-- $220,300 +35.9%
    2021$4,225 $162,100 +8.9%
    2020$4,225 +3.3%$148,800 +10.9%
    2019$4,090 $134,200 +16.7%
    2018-- $115,000 +9.4%
    2017$4,017 $105,100 +16.5%
    2016$4,017 $90,200
    2015$4,017 +6%$90,200 +9.7%
    2013$3,791 $82,200 -15.6%
    2011-- $97,400 -4.3%
    2010-- $101,800 -2.7%
    2009-- $104,600 -12%
    2007-- $118,800 +159.3%
    2006-- $45,818 +3.7%
    2005-- $44,184 +3.3%
    2004-- $42,773 +6.2%
    2002-- $40,268 +3.2%
    2001-- $39,020
    Find assessor info on the county website

    Neighborhood: Heritage Hill

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $505,000
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    Estimated market value
    $505,000