317 UNION AVENUE SE

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Address: 317 Union Ave SE, Grand Rapids, MI 49503, USA
Chicago & Midwest + Apartment Buildings
Created date: August 13, 2026
Date last updated: October 1, 2026
Price: $525,000Investment Analyzer NEW!

Property 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 1 1/2 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. 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.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $525,000
Year Built: 1900
Opportunity Zone: No
Number of Bedrooms: 0
Number of Bathrooms: 0
Address: 317 UNION AVENUE SE, GRAND RAPIDS, MI 49503, USA
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Investment Analyzer

Step 1Financing Calculation

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Step 2Gross Rent Analysis

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Step 3Cap Rate Calculation

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Step 4Final Deal Analysis

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