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  • Price cut: $120K (7/7)
    $1,275,000

    40 Lexington Ave NW, Grand Rapids, MI 49504

    4beds
    4baths
    3,105sqft
    : 
    $9,092/mo
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    2 to 4 Units
    Built in 1927
    -- sqft lot
    $1,185,200 Zestimate®
    $411/sqft
    $-- HOA

    What's special

    Striking live-edge islandMultiple inviting outdoor areasFive garage parking spacesElevator accessRecently renovated kitchenIn-unit laundryStunning historic details throughout
    One of the most distinctive residential multi-family properties in the city, this meticulously renovated historic firehouse seamlessly blends character, charm, and modern opportunity. Originally home to GRFD Engine No. 8 in the early 1900s, the property's rich history is beautifully preserved through thoughtful design elements, including exposed brick, oversized arched windows, and even a firepole in the welcoming foyer. Perfectly positioned just moments from the city's exciting new soccer stadium and amphitheater, the location adds another layer of appeal for both residents and investors alike. Beyond its architectural significance, this property stands out as a compelling investment, offering highly sought-after amenities such as five garage parking spaces, four additional exterior spots, and multiple inviting outdoor areas--from a quaint upper deck off the primary unit to a private, well-manicured yard with patio. The building features three distinct units, with the potential to convert part of the expansive garage into a fourth. The upper primary unit is a showpiece, complete with elevator access, two bedrooms, two full baths, in-unit laundry, and stunning historic details throughout. The lower one-bedroom unit boasts a recently renovated kitchen highlighted by a striking live-edge island, a full bath, and direct patio access. Perched above, the charming "Hayloft" unit offers a cozy one-bedroom, one-bath layout with breathtaking floor-to-ceiling windows that flood the space with natural light. The one-bedroom units share a conveniently located laundry area within the garage, which doubles as a recreational space with a pickleball court--perfect for enthusiasts. Rarely does a property combine history, versatility, location, and income potential so effortlessly. Opportunities like this are hard to come by--schedule your private tour today.
    89 days
    |
    1,957
    |
    133
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Jason C VanAssen 616-293-4936,

    Weichert REALTORS Plat (Main) 616-301-2550

    Source: MichRIC,MLS#: 26019796MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      Heating
      • Forced Air
      Cooling
      • Central Air
      Appliances
      • Laundry: Common Area
      Features
      • Basement: Slab
      Interior area
      • Total interior livable area: 3,105 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 11
      • Parking features: Paved
      Lot
      • Size: 8,712 Square Feet
      • Dimensions: 66 x 132
      Details
      • Parcel number: 411325162011
      • Zoning description: res improved

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: 2 to 4 Units
      Materials
      • Brick
      Condition
      • New construction: No
      • Year built: 1927

      Utilities & green energy

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

      Community & HOA

      Location
      • Region: Grand Rapids

      Financial & listing details

      • Price per square foot: $411/sqft
      • Tax assessed value: $248,926
      • Annual tax amount: $12,515
      • Date on market: 5/4/2026
      • Listing terms: Cash,Conventional
      • Tenant pays: Electricity, Gas
      • Electric utility on property: Yes
      • Road surface type: Paved

        Estimated market value

        $1,185,200

        $1.13M - $1.24M

        $1,565/mo

        Price history

        DateEventPrice
        7/7/2026Price change$1,275,000-8.6%$411/sqft
        Source: MichRIC #26019796 Report a problem
        5/4/2026Listed for sale$1,395,000+49.2%$449/sqft
        Source: MichRIC #26019796 Report a problem
        11/23/2024Listing removed$2,500$1/sqft
        Source: Zillow Rentals Report a problem
        11/6/2024Listed for rent$2,500-9.1%$1/sqft
        Source: Zillow Rentals Report a problem
        12/4/2023Listing removed--
        Source: Zillow Rentals Report a problem
        11/13/2023Listed for rent$2,750+1.9%$1/sqft
        Source: Zillow Rentals Report a problem
        10/14/2022Sold$935,000+3.9%$301/sqft
        Source: MichRIC #22039647 Report a problem
        9/17/2022Pending sale$899,999$290/sqft
        Source: MichRIC #22039647 Report a problem
        9/14/2022Listed for sale$899,999+350%$290/sqft
        Source: MichRIC #22039647 Report a problem
        11/4/2021Listing removed--
        Source: Zillow Rental Manager Report a problem
        10/15/2021Listed for rent$2,700$1/sqft
        Source: Zillow Rental Manager Report a problem
        3/8/2010Sold$200,000$64/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$12,192 $254,600 +5.4%
        2024-- $241,600 +28.8%
        2021$6,356 $187,600 +2.4%
        2020$6,356 -25%$183,200 +3.9%
        2019$8,470 $176,400 +10.3%
        2018-- $159,900 +2%
        2017$8,338 $156,800 +0.9%
        2016$8,338 $155,400
        2015$8,338 +5%$155,400 +2.4%
        2013$7,945 $151,700
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Southwest

        Getting around

        88 / 100
        Very Walkable
        57 / 100
        Good Transit
        80 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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