317 Union Avenue SE, Grand Rapids, MI 49503

$525,000

Property Type: Multi Family Lot Size (sq. ft.): 6,970 Status: Active

Current Price: $525,000 List Date: 8/12/2026 Last Modified: 9/30/2026

Overview

Description

Exceptional opportunity for an owner-occupied investment in the heart of Grand Rapids' highly desirable Heritage Hill Historic District! Ideally situated between Wealthy and Cherry, this spacious two-unit property offers the perfect combination of historic charm, location, and income potential. Bonus... this property offers a 2-stall garage with basement and additional off-street parking. The full basement offers shared laundry, a, and separate gas and electric utilities for each unit. Both generously sized units feature 2 bedrooms and 1½ baths, along with an abundance of original character, including hardwood floors, natural woodwork, crown molding, coffered ceilings, wainscoting, mosaic tile, and large dining rooms. A walk-up attic provides additional possibilities and storage. Enjoy one of Heritage Hill's most convenient locations, walkable to downtown Grand Rapids, restaurants, bars, parks, and neighborhood favorites, with Eastown and hospitals just minutes away.

Supplements: Whether you're looking to live in one unit while generating income from the other or add a well-located property to your investment portfolio, this is an opportunity worth seeing. Property was certified in September 2025.

Open Houses

Sunday, October 4, 2:00 pm - 4:00 pm

Listing Details MLS# 26042259

Location Property Info

County: Kent
Street #: 317
Street Name: Union
Suffix: Avenue
Post Direction: SE
State: MI
Zip Code: 49503
Zip (4): 4720

General Property Info

Lot Measurement: Acres
Lot Square Footage: 6970
Lot Acres: 0.16
Lot Dimensions: 50x139
Year Built: 1900
New Construction: No
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2030-09-01
Road Frontage: 50
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: Yes
Total Approx. SqFt All Bldgs: 2846
Total Parking Spaces: 2
Waterfront: No
School District: Grand Rapids
Association YN: Yes

Tax Info

Tax ID #: 41-14-30-454-036
Taxable Value: 103852
SEV: 248900
For Tax Year: 2025
Seller's Annual Property Tax: 5224
Tax Year: 2025
Spec Assessment & Ty: none
Zoning: Res

Remarks Misc

Directions: North off of Wealthy (Between Wealthy and Cherry)

Access Feat

Accessibility Features: No

More Information

Unit 1

Unit Description: 2 beds, 1 1/2 BA
Occupied: No
Monthly Rent: 1500
Bathrooms: 2
Full Baths: Yes
Half Baths: Yes

Unit 2

Unit #: 2
Unit Description: North Side
Occupied: No
Monthly Rent: 1500
Bathrooms: 2
Full Baths: Yes
Half Baths: Yes

Property Features

Laundry Features: Common Area; In Basement Exterior Material: Wood Siding Substructure: Full Lot Description: Sidewalk Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected Util Avail at Street: None Owner Pays: Sewer; Trash Collection; Water Tenant Pays: Electric; Gas Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: None Driveway: Shared Paved Terms Available: Cash; Conventional Possession: Close Of Escrow Sale Conditions: None Unit 1: Deck/Patio; Fireplace; Garage; Range Oven; Refrigerator; Sep. Heat System; Washer/Dryer Unit 2: Deck/Patio; Garage; Range/Oven; Sep. Heat System; Washer/Dryer

Listing Office: Coldwell Banker Schmidt Realtors

Listing Agent: Kate W Houseman

Last Updated: September - 30 - 2026

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