437 Union Avenue SE, Grand Rapids, MI 49503 (MLS# 26056954)

437 Union Avenue SE, Grand Rapids, MI 49503

New Listing

$399,900

Property Type: Multi Family Lot Size (sq. ft.): 6,316 Status: Active

Current Price: $399,900 List Date: 10/26/2026 Last Modified: 10/30/2026

Overview

Description

Don't miss this fantastic opportunity to own a charming historic home just a one-minute walk from vibrant Wealthy Street and all its shops, restaurants, and neighborhood attractions! This well-maintained two-unit property offers a great investment opportunity with $3,175 in monthly gross rental income. The lower unit has been occupied by the same tenants for four years, while the upper unit was recently leased. Both leases run through July 2027. Updates throughout both units, separate furnaces and water heaters located in the common basement, and split utilities add to the property's appeal. A rear garage and two available parking spaces provide added convenience. Whether you're looking to expand your investment portfolio or eventually make one unit your own, this property offers historic charm, a desirable location, and excellent rental potential in one of Grand Rapids' most sought-after neighborhoods! *Note pictures were taken when vacant. Professional property management available.

Listing Details MLS# 26056954

Location Property Info

County: Kent
Street #: 437
Street Name: Union
Suffix: Avenue
Post Direction: SE
State: MI
Zip Code: 49503
Zip (4): 5408

General Property Info

Lot Measurement: Acres
Lot Square Footage: 6316
Lot Acres: 0.14
Lot Dimensions: 50*126
Year Built: 1885
New Construction: No
Financial Comments: occupied by tenants
Cert of Compliance: Yes
Road Frontage: 50
Total # Units: 2
# of Diff Unit Floor Plans: Yes
Total # Bldgs: Yes
Total Approx. SqFt All Bldgs: 2284
Total Parking Spaces: 4
Waterfront: No
School District: Grand Rapids
Association YN: No

Tax Info

Tax ID #: 41-14-31-204-016
Taxable Value: 112804
SEV: 173400
For Tax Year: 2025
Seller's Annual Property Tax: 5946.57
Tax Year: 2026
Spec Assessment & Ty: N/A
Zoning: RMHH2_RES MULTI

Remarks Misc

Directions: Wealthy to Union

Access Feat

Accessibility Features: No

More Information

Income and Expenses

Annual Insurance: 700
Gross Op. Inc.: 15600
Net Operating Income: 14060
Operating Expense: 1540

Unit 1

Unit #: Yes
Unit Description: LR/FP, 2BR,FDR, KIT,
Occupied: Yes
Monthly Rent: 1525
Bathrooms: Yes
Full Baths: Yes

Unit 2

Unit #: 2
Unit Description: upper
Occupied: Yes
Monthly Rent: 1650
Bathrooms: Yes
Full Baths: Yes

Property Features

Laundry Features: In Basement Exterior Material: Wood Siding Roofing: Composition Substructure: Full Lot Description: Wooded Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at Street: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available; Public Sewer; Public Water; Storm Sewer Extras: Garages Owner Pays: Water Tenant Pays: Electric; Gas; Trash Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: None Driveway: Paved Street Type: Paved Mineral Rights: Unknown Terms Available: Cash; Conventional Possession: Close Of Escrow Sale Conditions: None

Listing Office: United Realty Services LLC

Listing Agent: Timothy J VandenToorn

Last Updated: October - 30 - 2026

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