40 Lexington Avenue NW, Grand Rapids, MI 49504

$1,275,000

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List Price
$1,275,000
Price Change
▼ $120,000 1783466400
Days on Market
85
MLS#
26019796
Status
ACTIVE
Type
Multifamily

Property Description

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.

Additional Information

Owner Pays
Sewer, Water
Taxes
$12,515
Acres
0.20
Basement
Slab
Heating
Forced Air
School District
Grand Rapids
Sewer
Public Sewer
Tenant Pays
Electricity, Gas, Trash Collection
Total Parking Spaces
11
Utilities
Cable Connected, Natural Gas Connected, Electricity Connected, Cable Available, Electricity Available, Natural Gas Available
Water
Public Water

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Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Jason C VanAssen from Listing Office: Weichert REALTORS Plat (Main).

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