$462,000
SOLD MAY 2, 2025

235 Lyon St NE Grand Rapids, MI 49503

Downtown Grand Rapids Neighborhood
-- Bed
-- Bath
-- Sq Ft
3,311 Sq Ft Lot

Recently Sold

3% Below List Price

15 Days on Market

Highlights

  • 1 Fireplace
  • Forced Air Heating System
  • Wood Siding
  • Cooling System Mounted In Outer Wall Opening
  • High Speed Internet

About This Home

As of May 2025

Open House Sun 4/6 12-2 PM! Located in the highly sought-after Heritage Hill Historic District, this beautifully maintanined two-unit property presents an exceptional investment opportunity or perfect for owner occupancy. With a strong rental history and steady income potential, it's ideally situated in a high demand rental market. Each unit features seperate utilites and in-unit laundry. The first-floor unit offers two bedrooms, one bathroom, and a full, dry basement. The second unit, spanning the second and third floors, boasts three bedrooms, 1.5 bathrooms, and an open-concept living and dining area. Additionally, there are four dedicated parking spaces. This prime location is walking distance to GRCC, Corewell Health, top restaurants and downtown Grand Rapids!

Last Agent to Sell the Property

Debra Bizon

Keller Williams GR East License #6501325504 Listed on: 04/03/2025

Keller Williams GR East

Last Buyer's Agent

Mary Noles Brentwood 141

Reside Grand Rapids License #6501398113

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,457

Year Built

  • Built in 1910

Lot Details

  • 3,311 Sq Ft Lot
  • Lot Dimensions are 35 x 95

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1 Fireplace
  • Basement Fills Entire Space Under The House
  • Laundry on upper level

Parking

  • 4 Parking Spaces
  • Driveway

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Shared Gas Meter
  • Separate Water Meter
  • Shared Water Meter
  • High Speed Internet

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electric, gas
  • The owner pays for trash collection, water, sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,457

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Broadband
  • Fireplaces: 1
  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 475000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Concrete, Driveway
  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0
  • Unit 2:Garage5: Yes

Utilities

  • Cooling: Wall Unit(s)
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: Upper Level
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected, Electricity Connected

Lot Info

  • Lot Size Acres: 0.08
  • Lot Size Area: 0.08
  • Lot Dimensions: 35 x 95
  • Lot Size Sq Ft: 3311.0
  • Zoning Description: NA
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electric, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 4457.0
  • Tax Year: 2025

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2025
Closed on
May 2, 2025
Sold by
235 Lyon St Ne Llc
Bought by
Engel Michael
Seller's Agent
Debra Bizon
Keller Williams GR East
Buyer's Agent
Mary Noles Brentwood 141
Reside Grand Rapids
List Price
$475,000
Sold Price
$462,000
Premium/Discount to List
-$13,000
-2.74%
Total Days on Market
15
Views
30

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.19%

Purchase Details

Closed on
Mar 6, 2024
Sold by
Schaut John L and Schaut Martha J
Bought by
235 Lyon St Ne Llc

Purchase Details

Closed on
Apr 15, 1982

Purchase Details

Closed on
Jan 28, 1982
Bought by
Schaut John L Martha

Purchase Details

Closed on
Dec 22, 1981
Bought by
Schaut John L Martha
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $462,000 None Listed On Document
Quit Claim Deed -- None Listed On Document
Deed $12,000 --
Deed $12,000 --
Deed $63,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2025 05/02/25 Sold $462,000 -2.7% --
04/16/2025 04/16/25 Pending -- -- --
04/01/2025 04/01/25 For Sale $475,000 -- --
Source: Southwestern Michigan Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,096 $204,500 $0 $0
2024 $4,096 $196,400 $0 $0
2023 $4,063 $173,800 $0 $0
2022 $3,861 $147,900 $0 $0
2021 $144 $146,200 $0 $0
2020 $3,636 $134,400 $0 $0
2019 $3,723 $119,700 $0 $0
2018 $3,609 $103,200 $0 $0
2017 $3,521 $94,300 $0 $0
2016 $3,538 $81,600 $0 $0
2015 $3,371 $81,600 $0 $0
2013 -- $72,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2025

    Debra Bizon

    Keller Williams GR East

    (616) 813-1504

    1 in this area

    54 Total Sales

    Debra Bizon
    Section Image
  • Mary Noles Brentwood 141

    Buyer's Agent in 2025

    Mary Noles Brentwood 141

    Reside Grand Rapids

    (616) 294-8614

    2 in this area

    90 Total Sales

    Mary Noles Brentwood 141
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 25012663

Southwestern Michigan Association of REALTORS®

APN: 41-14-30-130-011

Michigan Kent County Grand Rapids 49503 Downtown Grand Rapids

235 Lyon St NE, Grand Rapids, MI

This home is located at 235 Lyon St NE, Grand Rapids, MI 49503 and is currently priced at $462,000. This property was built in 1910. 235 Lyon St NE is a home located in Kent County with nearby schools including Grand Rapids Montessori Academy, Alger Middle School, and Ottawa Hills High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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