Check out this fully renovated 4-unit property in Grand Rapids with strong cash flow. Each unit offers 2 beds, 1 bath, and approx. 774 sq ft. Updates in 2022 include new kitchens, baths, appliances, flooring, paint, lighting, 3 new HVAC systems, water heaters, sliding doors, and decks. The property also features shared digital laundry by wash.com, 8 parking spaces, and a storage shed. This property is fully occupied with current gross rents of $5,270.00/month. Owner covers lawn care, snow, gas, water/sewer, and common utilities. Seller is open to creative offers with 25% down and a 2-3 year balloon. Rent roll and T12 are available with a signed confidentiality agreement. Showings after accepted offer. Contact Brett with any interest or for more information.
Sold
$575,000
4240 Norman Dr SE, Grand Rapids, MI 49508
8beds
4baths
3,096sqft
2 to 4 Units
Built in 1972
-- sqft lot
$589,400 Zestimate®
$186/sqft
$1,882 Estimated rent
Home value
$589,400
$548,000 - $637,000
$1,882/mo
Zestimate® history
Owner options
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$1,882/mo
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$1,882/mo
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$3,633/mo
Est. payment
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$3,633/mo
Est. payment
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New hvac systemsNew kitchens
Zillow last checked:
Listing updated:
Listed by:
Hunter J Maat 616-953-8882,
Bellabay Realty LLC
Bought with:
Vaughn Greathouse, 6501385751
Five Star Real Estate (Grandv)
Source: MichRIC,MLS#: 25013671
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Laundry: Common Area
Features
- Basement: Full,Walk-Out Access
Interior area
- Total interior livable area: 3,096 sqft
Property
Parking
- Total spaces: 8
- Parking features: Asphalt, Driveway
Lot
- Size: 0.28 Acres
- Dimensions: 80 x 150
- Features: Sidewalk
Details
- Parcel number: 411820477025
- Zoning description: Multifamily
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 to 4 Units
Materials
- Aluminum Siding, Brick
- Roof: Composition
Condition
- New construction: No
- Year built: 1972
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
Community & HOA
Location
- Region: Grand Rapids
Financial & listing details
- Price per square foot: $186/sqft
- Tax assessed value: $141,671
- Annual tax amount: $7,590
- Date on market: 4/14/2025
- Listing terms: VA Loan,FHA,Cash,Conventional,Contract
- Tenant pays: Electricity
- Electric utility on property: Yes
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/13/2025 | Sold | $575,000-4%$186/sqft |
Source:  MichRIC #25013671 Report a problem | ||
| 5/16/2025 | Pending sale | $599,000$193/sqft |
Source: MichRIC #25013671 Report a problem | ||
| 4/14/2025 | Listed for sale | $599,000$193/sqft |
Source: MichRIC #25013671 Report a problem | ||
| 4/10/2025 | Pending sale | $599,000$193/sqft |
Source: MichRIC #25013671 Report a problem | ||
| 4/5/2025 | Listed for sale | $599,000+210.4%$193/sqft |
Source: MichRIC #25013671 Report a problem | ||
| 4/19/2022 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 4/2/2022 | Price change | $1,380+7.8% |
Source: Zillow Rental Network Premium Report a problem | ||
| 2/23/2022 | Listed for rent | $1,280 |
Source: Zillow Rental Network Premium Report a problem | ||
| 3/11/2021 | Sold | $193,000-13.1%$62/sqft |
Source: Public Record Report a problem | ||
| 12/6/2005 | Sold | $222,000$72/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,590 | $210,600 +42.9% |
| 2024 | -- | $147,400 +50.9% |
| 2021 | $3,624 | $97,700 |
| 2020 | $3,624 +2.1% | $97,700 +19.4% |
| 2019 | $3,550 | $81,800 +6.9% |
| 2018 | -- | $76,500 +15.9% |
| 2017 | $3,387 | $66,000 +4.8% |
| 2016 | $3,387 | $63,000 |
| 2015 | $3,387 +2.5% | $63,000 -4.5% |
| 2013 | $3,303 | $66,000 -21.3% |
| 2011 | -- | $83,900 -5.1% |
| 2010 | -- | $88,400 -11.7% |
| 2009 | -- | $100,100 +6.3% |
| 2007 | -- | $94,200 +2.2% |
| 2006 | -- | $92,189 +3.7% |
| 2005 | -- | $88,900 +26.9% |
| 2004 | -- | $70,037 +6.2% |
| 2002 | -- | $65,935 +3.2% |
| 2001 | -- | $63,891 |
Find assessor info on the county website
Neighborhood: Ken-O-Sha Park
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Nearby schools
GreatSchools rating
- 6/10Bowen ElementaryGrades: PK-5Distance: 0.3 mi
- 6/10Crestwood Middle SchoolGrades: 6-8Distance: 1.5 mi
- 5/10East Kentwood High SchoolGrades: 10-12Distance: 2.5 mi
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Estimated market value
$589,400
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
$589,400
- Michigan
- Kent County
- Grand Rapids
- 49508
- Ken-O-Sha Park
- 4240 Norman Dr SE
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