Listing provided courtesy of Weichert REALTORS Plat (Main)- MLS# 26019796MLS Provider

40 Lexington Avenue NWGrand Rapids, MI 49504

Multi-Family · 0.20 Acres
$1,395,000 Active

40 Lexington Avenue NW Overview

Time on Site:
56 days
Visits:
0

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.

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40 Lexington Avenue NW Facts & Features

  • Type Multi-Family
  • Lot 0.20 Acres

Details

General

Building Information

  • New Construction: No
  • Year Built: 1927

Location/Region

  • County Or Parish: Kent

Rent/Lease Information

  • Tenant Pays: Electric,Trash,Gas

Tax Information

  • Tax Annual Amount: 12515.56

General Information

  • Parcel Number: 41-13-25-162-011
  • Property Sub Type: 2 to 4 Units
  • Property Type: Multi Family

Interior

Beds/Baths

  • Bathrooms Total: 0

General Information

  • Laundry Features: Common Area

Exterior

Parking Information

  • Parking Features: Paved

Lot Information

  • Lot Size Acres: 0.2
  • Lot Size Area: 0.2
  • Lot Size Dimensions: 66x132
  • Lot Size Square Feet: 8712.0
  • Lot Size Units: Acres
  • Road Surface Type: Paved

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Attached Garage: No
  • Construction Materials: Brick

General Information

  • Number Of Units Total: 3
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available,Electricity Available,Cable Available,Natural Gas Connected,Electricity Connected,Cable Connected

40 Lexington Avenue NW Neighborhood

Community

49504 (Grand Rapids) Demographics

33
Median Age
3,604
Population Density (per sq. mile)
43%
College Educated
$52,460
Estimated Median Income
9,450
Estimated Total Home Owners
6,921
Estimated Total Renters
58% / 42%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

40 Lexington Avenue NW Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

40 Lexington Avenue NW Market Data

Based on the last 30 days in this zip code

$361,526
Average List Price
$217
Average Price per Square Foot
30
Properties Sold
44
Average Days on Market
178
Properties for Sale
Calculations provided by Reliance Network

40 Lexington Avenue NW History

Date Event Value Agent
5/4/2026Source: MichRIC MLS Added to Database
May 04, 2026
10/5/2022Source: MichRIC MLS Added to Database
October 05, 2022