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Historic District Duplex
For Sale
$475,000
Pending

235 Lyon NE Street, Grand Rapids, MI 49503

Two residences feature separate utilities, in-unit laundry, and dedicated parking.

Property SizeContact for details
Days on Market519

Property Features for 235 Lyon NE Street

General Information

Standard status Pending
Total Parking Spaces 4
Property subtype Multi Family

Units

Unit Mix 1 x 2BR/1BA, 1 x 3BR/1.5BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $4,457

Amenities

in-unit laundry

Building Details

Year Built 1910
Buildings 1
Listing Agency: Keller Williams GR East
Listed By: Debra Bizon · License #6501325504
Source: Exitrealty
Added: Apr 1, 2025 Changed: Aug 31 Last Checked: Aug 31 at 4:38PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams GR East

Investment Insights

Based on property information with market context.

Built in 1910, this duplex contains two distinct residences with separate utilities and in-unit laundry. The first-floor apartment includes two bedrooms, one bathroom, and a full, dry basement. A second residence occupies the second and third floors, with three bedrooms, 1.5 bathrooms, and an open living and dining arrangement.

Four dedicated parking spaces serve the property. It is located within the Heritage Hill Historic District and offers walking access to GRCC, Corewell Health, restaurants, and downtown Grand Rapids. The configuration supports either owner occupancy or continued use as a two-unit residential property.

Key Highlights

  • Two‑unit duplex in the Heritage Hill Historic District
  • First‑floor unit includes 2 bedrooms, 1 bathroom, and a full, dry basement
  • Second- and third‑floor unit offers 3 bedrooms and 1.5 bathrooms

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Carpet & Flooring Store (Bike/Boat/Book/etc) Store Auto Parts Store Veterinary Clinic Barber Shop Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

6,529
Businesses Nearby

Demographics for 49503, MI

39,344
Population
19,017
Households
2.1
Avg Household Size
30
Median Age
44%
College-Educated
88%
High-School Grad
7.3 sq mi
ZIP Area
5,390
Density / Sq Mi
$61,734
Median Household Income
$36,694
Median Earnings
$1,207
Median Rent
$224,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two residences feature separate utilities, in-unit laundry, and dedicated parking.
Where is this duplex located?
The property is located at 235 Lyon NE Street Grand Rapids, MI.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two‑unit duplex in the Heritage Hill Historic District; First‑floor unit includes 2 bedrooms, 1 bathroom, and a full, dry basement; Second- and third‑floor unit offers 3 bedrooms and 1.5 bathrooms
More about this property
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