Looking for an investment opportunity, or a great place to put your 1031 Exchange? This 2-story, 2 unit Craftsman-style duplex home has a lower unit w/ 3 bedrooms,1 bath, kitchen, & stunning craftsman-style hardwood floors & woodwork throughout. The Upper Apt has 2 bedrooms, kitchen, 1 bath, & two large walk-in closets. Along with its fantastic location, it also has a Large front porch, and relaxing back porch, fenced in area in backyard, and 2 stall garage with off street access. Located just outside of the Heritage Hill area, & Conveniently located within walking distance to GRCC, Medical Mile, Martha's Vineyard & Pizza, Nantucket Bakery, Coffee Shops, Easttown, Fulton St. Farmers Market, & the bus stop is nearby! The large basement is accessible to both units with washer and dryer, and plenty of room for storage. Both units occupied, lower photos are current, and from just before new tenant moved in April 2024. Upper lease is until October 2024. Garage Lease is until Dec 2024.
Sold
$407,000
745 Lyon St NE, Grand Rapids, MI 49503
5beds
2baths
1,866sqft
2 to 4 Units
Built in 1923
-- sqft lot
$407,900 Zestimate®
$218/sqft
$1,710 Estimated rent
Home value
$407,900
$383,000 - $432,000
$1,710/mo
Zestimate® history
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$2,557/mo
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List your homeWhat's special
Laundry facility
Zillow last checked:
Listing updated:
Listed by:
Angela L Swartz 616-581-2388,
Childress & Associates Realty
Bought with:
Kimberly J Hermenet, 6501432651
Greenridge Realty (Caledonia)
Source: MichRIC,MLS#: 24020739
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Laundry: Common Area, In Basement
Features
- Basement: Full
Interior area
- Total interior livable area: 1,866 sqft
Property
Parking
- Total spaces: 2
Lot
- Size: 5,227 Square Feet
- Dimensions: 40 x 125
- Features: Sidewalk
Details
- Parcel number: 411430232027
- Zoning description: Res
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 to 4 Units
Materials
- Brick, Vinyl Siding
- Roof: Composition
Condition
- New construction: No
- Year built: 1923
Utilities & green energy
- Sewer: Storm Sewer
- Utilities for property: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Cable Connected
Community & HOA
Location
- Region: Grand Rapids
Financial & listing details
- Price per square foot: $218/sqft
- Tax assessed value: $134,820
- Annual tax amount: $6,682
- Date on market: 4/30/2024
- Listing terms: Cash,Conventional,Tax Def Exchange
- Tenant pays: Electricity, Gas
- Electric utility on property: Yes
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/19/2024 | Sold | $407,000-1.9%$218/sqft |
Source:  MichRIC #24020739 Report a problem | ||
| 5/10/2024 | Pending sale | $415,000$222/sqft |
Source: MichRIC #24020739 Report a problem | ||
| 4/30/2024 | Listed for sale | $415,000+89.5%$222/sqft |
Source: MichRIC #24020739 Report a problem | ||
| 5/1/2023 | Listing removed | -- |
Source:  Realcomp II #65021010466 Report a problem | ||
| 11/26/2022 | Listing removed | $219,000-34.5%$117/sqft |
Source: Realcomp II #65021010466 Report a problem | ||
| 5/11/2022 | Sold | $334,501-4.4%$179/sqft |
Source: Public Record Report a problem | ||
| 3/29/2022 | Pending sale | $349,900$188/sqft |
Source: MichRIC #22008248 Report a problem | ||
| 3/16/2022 | Listed for sale | $349,900+40%$188/sqft |
Source: MichRIC #22008248 Report a problem | ||
| 5/5/2021 | Sold | $250,000+14.2%$134/sqft |
Source: Public Record Report a problem | ||
| 4/8/2021 | Pending sale | $219,000$117/sqft |
Source: MichRIC #21010466 Report a problem | ||
| 4/1/2021 | Listed for sale | $219,000+61%$117/sqft |
Source: MichRIC #21010466 Report a problem | ||
| 8/16/2017 | Listing removed | $900 |
Source: Zillow Rental Manager Report a problem | ||
| 8/8/2017 | Listed for rent | $900+2.9% |
Source: Zillow Rental Manager Report a problem | ||
| 10/6/2016 | Listing removed | $875+10.1% |
Source: Zillow Rental Manager Report a problem | ||
| 9/4/2012 | Listing removed | $795 |
Source: My House Report a problem | ||
| 8/26/2012 | Listed for rent | $795 |
Source: My House Report a problem | ||
| 4/15/2004 | Sold | $136,000$73/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,992 | $143,300 +4.4% |
| 2024 | -- | $137,200 +31.7% |
| 2021 | $3,049 | $104,200 +14.1% |
| 2020 | $3,049 +21.3% | $91,300 +11.1% |
| 2019 | $2,514 | $82,200 +3.3% |
| 2018 | -- | $79,600 +13.2% |
| 2017 | $2,525 | $70,300 +18.2% |
| 2016 | $2,525 | $59,500 |
| 2015 | $2,525 +1% | $59,500 +33.7% |
| 2013 | $2,499 | $44,500 -19.2% |
| 2011 | -- | $55,100 -10.6% |
| 2010 | -- | $61,600 -6.8% |
| 2009 | -- | $66,100 -8.7% |
| 2007 | -- | $72,400 |
| 2006 | -- | $72,400 +3% |
| 2005 | -- | $70,300 +7% |
| 2004 | -- | $65,700 +29.1% |
| 2002 | -- | $50,900 +48.6% |
| 2001 | -- | $34,253 |
Find assessor info on the county website
Neighborhood: Midtown
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Nearby schools
GreatSchools rating
- 4/10Grand Rapids Montessori Public SchoolGrades: PK-12Distance: 0.4 mi
- 4/10Innovation Central High SchoolGrades: 9-12Distance: 0.4 mi
- 6/10Grand Rapids University Preparatory AcademyGrades: 6-12Distance: 1.3 mi
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Estimated market value
$407,900
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$407,900
- Michigan
- Kent County
- Grand Rapids
- 49503
- Midtown
- 745 Lyon St NE
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