




40 Lexington Ave NW, Grand Rapids, MI, 49504
About This Home
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.
Getting Around
Schools
Construction
Condition
- Year built: 1927
Materials
- Construction materials: Brick
Type & Style
- Home type: MultiFamily
- Property subType: 2 to 4 Units
Interior
Appliances
- Laundry features: Common Area
Basement
- Basement: Slab
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating & Cooling
- Heating features: Forced Air
- Cooling features: Central Air
Interior Area
- Total interior livable area: 3,105 sqft
Property
Details
- Parcel number: 411325162011
- Zoning description: res improved
Lot
- Lot size: 8,712 sqft
- Lot size dimensions: 66 x 132
Parking
- Total spaces: 11
- Parking features: Paved
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Strong Wind
- Tornado
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Kent County and Michigan
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $6,447 | $77,364 |
| Home Insurance * | $476 | $5,712 |
| Property Taxes | $1,115 | $13,380 |
| Electricity | $338 | $4,064 |
| Total | $8,376 | $100,512 |
Income You'd Need if You Spent...
Michigan FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-04 | Listed for sale | $1,395,000 |
| 2024-11-23 | Listing removed | $2,500 |
| 2024-11-06 | Listed for rent | $2,500 |
| 2023-12-04 | Listing removed | -- |
| 2023-11-13 | Listed for rent | $2,750 |
| 2022-10-14 | Sold | $935,000 |
| 2022-09-17 | Pending sale | $899,999 |
| 2022-09-14 | Listed for sale | $899,999 |
| 2021-11-04 | Listing removed | -- |
| 2021-10-15 | Listed for rent | $2,700 |
| 2010-03-08 | Sold | $200,000 |
