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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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40 Lexington Ave NW , Grand Rapids, MI 49504
$1,195,000
Est. Payment: $2,655.56/mo
0 Bed
0 Bath
0 Sqft
Status: Active | Days on site: 123
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House 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.

Highlights

Listed by Jason C VanAssen , 616-293-4936 Weichert REALTORS Plat (Main) , 616-301-2550.

Property Type

Multi-Family

Lot/Acreage
0.2

Year Built

1927

County

Kent

School District

Grand Rapids

Listing ID

26019796

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Central Air
Fireplaces:
Basement:Slab

Exterior Features

Garage Capacity:11
Sewer:Public Sewer
Parking Features:Paved
Principal Interest
$2,656
Taxes
$1,043

Home Price

$1,195,000

Loan Details

30 yrs
%

Down Payment

20%
$239,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,655.56

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,655.56 $1,042.96 $0.00 $3,698.52
Yearly $31,866.67 $12,515.56 $0.00 $44,382.23
Total $956,000.00 $375,466.80 $0.00 $1,331,466.80

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Grand Rapids, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.