For Sale
40 Lexington Avenue NW, Grand Rapids, MI 49504
$1,395,000
MLS # 26019796 (Michigan Regional Information Center (MichRIC))
3 unitsBuilt 19270.2 acres
1 / 88
Listing 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
Source: SparkMLS
About this home
Listed at $1,395,000.
Estimated annual property tax: $12,516, or about $1,043 monthly. Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Consumers Energy Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeMulti Family
Property Subtype2 to 4 Units
Bathrooms0
Lot Size0.2 acres
Year Built1927
Location
CityGrand Rapids
MunicipalityCity of Grand Rapids
Zip Code49504
CountyKent
School DistrictGrand Rapids
Construction & Systems
ConstructionBrick
BasementSlab
HeatingForced Air
SewerPublic Sewer
UtilitiesNatural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected
Sale & Financing
Listed5/3/2026
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$12,516
Tax Year2026
State Equalized Value$254,600
Taxable Value$248,926
Assessed Value$248,926
Parcel #411325162011
Source: Public Records
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Jason C VanAssen
Weichert REALTORS Plat (Main)
Frequently Asked Questions about 40 Lexington Avenue NW, Grand Rapids, MI 49504
Which school district serves 40 Lexington Avenue NW, Grand Rapids, MI 49504?
Per MLS# 26019796, 40 Lexington Avenue NW, Grand Rapids, MI 49504 is in the Grand Rapids boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Grand Rapids directly to confirm enrollment eligibility.
Can I use FHA or VA financing for this property?
Per MLS# 26019796, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 40 Lexington Avenue NW, Grand Rapids, MI 49504?
Per public tax records, annual property taxes for this property are $12,516 (2026). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 40 Lexington Avenue NW, Grand Rapids, MI 49504 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 40 Lexington Avenue NW, Grand Rapids, MI 49504 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 40 Lexington Avenue NW, Grand Rapids, MI 49504?
Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: DTE Gas Company. Sewer: Public Sewer. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the City of Grand Rapids police department or the Kent County sheriff's office.
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Monthly payment$9,048
Principal & interest$9,048
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Consumers Energy Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
40 Lexington Avenue NW, Grand Rapids, MI 49504
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Municipality
Grand Rapids
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