235 Lyon St NE Grand Rapids, MI 49503
Downtown Grand Rapids NeighborhoodEstimated payment $3,017/month
Highlights
- 1 Fireplace
- Forced Air Heating System
- Wood Siding
- Cooling System Mounted In Outer Wall Opening
- High Speed Internet
About This Home
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!
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
- The owner pays for trash collection, water, sewer
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 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 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/16/2025 04/16/25 | Pending | -- | -- | -- |
| 04/01/2025 04/01/25 | For Sale | $475,000 | -- | -- |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Deed | $12,000 | -- | |
| Deed | $12,000 | -- | |
| Deed | $63,000 | -- |
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 25012663
APN: 41-14-30-130-011
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