Renovated Brick
For Sale
$1,195,000
40 Lexington Avenue NW, Grand Rapids, MI 49504
MULTI_FAMILY - Grand Rapids, MI
Property SizeContact for details
Lot Size0.20 Acres
Days on Market120
Property Features for 40 Lexington Avenue NW
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
res improved
Bedrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 4, Bathroom 3, Bedroom 3, Bedroom 4, Bathroom 1
Parking
11
Elementary school district
Grand Rapids
Middle school district
Grand Rapids
High school district
Grand Rapids
Standard status
Active
APN
41-13-25-162-011
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
12516
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Amenities
upper deck
private yard with patio
in-unit laundry
on-site laundry
pickleball court
firepole
Building Details
Year built
1927
Number of units
3
Building materials
Brick
Listing Agency:
Weichert REALTORS Plat (Main) · Realty Executives International
(616) 301-2550
Listed By:
Jason C VanAssen · License #6502318639
(616) 293-4936
Added: May 4
Changed: Aug 14
Last Checked: Aug 31 at 7:06AM
MLS# 26019796
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This renovated brick multifamily property contains three separate residences within a historic former firehouse dating to 1927. Architectural elements include exposed masonry, large arched windows, and a preserved firepole. The primary upper residence includes two bedrooms, two full bathrooms, elevator access, and in-unit laundry. A lower one-bedroom unit offers a renovated kitchen, full bathroom, and patio access, while the upper Hayloft residence provides one bedroom, one bathroom, and floor-to-ceiling windows. The two one-bedroom units share a laundry area in the garage.
The 0.2-acre property provides five garage parking spaces and four additional exterior spaces. Outdoor amenities include an upper deck, private yard, and patio. The garage also contains a pickleball court and may offer the potential to create a fourth unit through conversion of a portion of the space. Central Air, Forced Air heating, Cable Available, and Public Sewer serve the property. The building is located near a soccer stadium and amphitheater.
The 0.2-acre property provides five garage parking spaces and four additional exterior spaces. Outdoor amenities include an upper deck, private yard, and patio. The garage also contains a pickleball court and may offer the potential to create a fourth unit through conversion of a portion of the space. Central Air, Forced Air heating, Cable Available, and Public Sewer serve the property. The building is located near a soccer stadium and amphitheater.
Key Highlights
- Three‑unit multifamily property with potential to convert part of the garage into a fourth unit
- Two‑bedroom, two‑bath primary residence with elevator access and in‑unit laundry
- Five garage parking spaces plus four additional exterior parking spaces
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,949
Businesses Nearby
Explore this area
Business Placement
Demographics for 49504, MI
41,249
Population
18,830
Households
2.2
Avg Household Size
33
Median Age
39%
College-Educated
90%
High-School Grad
11.1 sq mi
ZIP Area
3,716
Density / Sq Mi
$68,326
Median Household Income
$41,138
Median Earnings
$1,145
Median Rent
$222,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Historic character, flexible unit layouts, private outdoor areas, and substantial on-site parking support a distinctive multifamily offering.
Where is this triplex located?
The property is located at 40 Lexington Avenue NW Grand Rapids, MI.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Three‑unit multifamily property with potential to convert part of the garage into a fourth unit; Two‑bedroom, two‑bath primary residence with elevator access and in‑unit laundry; Five garage parking spaces plus four additional exterior parking spaces
