Renovated Triplex with Garage
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 Market166
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
Bathroom 2, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 4, Bedroom 1, Bedroom 4, Bathroom 3
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
pickleball court
shared laundry area
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: Oct 7
Last Checked: Oct 16 at 9:06AM
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.
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Investment Insights
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Originally built in 1927 as a firehouse, this renovated brick triplex retains exposed masonry, large arched windows, and a firepole in the entry. The property includes three separate units on a 0.2-acre lot, with a possible fourth unit conversion in the expansive garage. The upper residence offers two bedrooms, two full bathrooms, elevator access, and in-unit laundry. A lower one-bedroom unit includes a renovated kitchen, full bathroom, and patio access, while the upper Hayloft unit provides one bedroom, one bathroom, and floor-to-ceiling windows.
The garage provides five parking spaces, four additional exterior spaces, a shared laundry area, and a pickleball court. Additional outdoor features include an upper deck and a private yard with patio. Public sewer, forced-air heat, central air, and cable availability serve the property. The building is located near a soccer stadium and amphitheater.
The garage provides five parking spaces, four additional exterior spaces, a shared laundry area, and a pickleball court. Additional outdoor features include an upper deck and a private yard with patio. Public sewer, forced-air heat, central air, and cable availability serve the property. The building is located near a soccer stadium and amphitheater.
Key Highlights
- Three‑unit renovated brick property on a 0.2‑acre lot
- Built in 1927 as a historic firehouse with exposed brick, arched windows, and a firepole
- Upper unit includes 2 bedrooms, 2 full baths, elevator access, and in‑unit laundry
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,949
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Renovated brick triplex with elevator access, outdoor areas, and shared garage amenities.
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 renovated brick property on a 0.2‑acre lot; Built in 1927 as a historic firehouse with exposed brick, arched windows, and a firepole; Upper unit includes 2 bedrooms, 2 full baths, elevator access, and in‑unit laundry
