340 Cherry Street SE, Grand Rapids, MI 49503 (MLS# 25052799)

340 Cherry Street SE, Grand Rapids, MI 49503

$869,000

Virtual Tour

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Property Type: Multi Family Lot Size (sq. ft.): 6,055 Status: Active

Current Price: $869,000 List Date: 10/14/2025 Last Modified: 6/30/2026

Overview

Description

Discover an exceptional income-producing property in the heart of Grand Rapids! This massive duplex features two expansive units, one offering 6 bedrooms and the other 7 bedrooms. Making it ideal for investors or owner-occupants seeking rental income. It is located in the highly desirable Heritage Hill neighborhood and is located a short distance from downtown, hospitals, universities, and numerous restaurants. This home features plenty of character along with a blend of modern charm. Inside each unit you will find multiple bathrooms, spacious living and dining areas, updated kitchens with ample cabinetry, and in-unit laundry. Outside features a huge front porch, a quiet backyard with deck, and a private driveway for off-street parking. With its size, location, and updates, this duplex is a rare find. Be sure to schedule your showing today!

Listing Details MLS# 25052799

Location Property Info

County: Kent
Street #: 340
Street Name: Cherry
Suffix: Street
Post Direction: SE
State: MI
Zip Code: 49503
Zip (4): 4655

General Property Info

Lot Measurement: Acres
Lot Square Footage: 6055
Lot Acres: 0.14
Lot Dimensions: 55 x 110
Year Built: 1900
New Construction: No
Cert of Compliance: Yes
Road Frontage: 55
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: Yes
Total Parking Spaces: 4
Waterfront: No
School District: Grand Rapids
Basement: Yes

Tax Info

Tax ID #: 41-14-30-381-002
Taxable Value: 273936
SEV: 28540
For Tax Year: 2025
Seller's Annual Property Tax: 13607
Tax Year: 2025
Spec Assessment & Ty: NA
Zoning: RES
Homestead %: 0

Waterfront Options

Water Access Y/N: No

Access Feat

Accessibility Features: No

More Information

Income and Expenses

Gross Op. Inc.: 7000

Unit 1

Unit #: Yes
Unit Description: 340 Cherry
SqFt: 2893
Occupied: Yes
Monthly Rent: 3600
Bathrooms: 3
Full Baths: 2
Half Baths: Yes
Central Air: Yes
Deck/Patio: Yes
Dishwasher: Yes
Fireplace: Yes
Garb Disp: Yes
Range Oven: Yes
Refrigerator: Yes
Sep. Heat System: Yes
Washer/Dryer: Yes

Unit 2

Unit #: 2
Unit Description: 342 Cherry
SqFt: 2893
Occupied: Yes
Monthly Rent: 3400
Bathrooms: 3
Full Baths: 2
Half Baths: Yes
Central Air: Yes
Deck/Patio: Yes
Dishwasher: Yes
Fireplace: Yes
Garb Disp: Yes
Range/Oven: Yes
Refrigerator: Yes
Sep. Heat System: Yes
Washer/Dryer: Yes

Location & Property Info

Cross Streets: Madison & Cherry
Property Sub-Type: 2 to 4 Units
Area: Grand Rapids - G
Municipality: City of Grand Rapids

Office/Contract Info

Auction or For Sale: For Sale

Remarks & Misc

Public Remarks: Discover an exceptional income-producing property in the heart of Grand Rapids! This massive duplex features two expansive units, one offering 6 bedrooms and the other 7 bedrooms. Making it ideal for investors or owner-occupants seeking rental income. It is located in the highly desirable Heritage Hill neighborhood and is located a short distance from downtown, hospitals, universities, and numerous restaurants. This home features plenty of character along with a blend of modern charm. Inside each unit you will find multiple bathrooms, spacious living and dining areas, updated kitchens with ample cabinetry, and in-unit laundry. Outside features a huge front porch, a quiet backyard with deck, and a private driveway for off-street parking. With its size, location, and updates, this duplex is a rare find. Be sure to schedule your showing today!
Legal: LOT 2 & W 1/2 OF VACATED ALLEY ADJ ON E* WELTON S ADDITION

Street Type

Paved: Yes
Public: Yes

Util Avail at Street

Cable Available: Yes
Electricity Available: Yes
High Speed Internet: Yes
Natural Gas Available: Yes
Phone Available: Yes
Public Sewer: Yes
Public Water: Yes
Storm Sewer: Yes

Utilities Attached

Cable Connected: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Terms Available

Cash: Yes
Conventional: Yes
FHA: Yes
VA Loan: Yes

Laundry Features

Common Area: Yes

Exterior Material

Wood Siding: Yes

Roofing

Composition: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Heat Type

Forced Air: Yes

Air Conditioning

Central Air: Yes

Tenant Pays

Electric: Yes
Gas: Yes
Sewer: Yes
Trash: Yes
Water: Yes

Driveway

Concrete: Yes

Substructure

Full: Yes

Owner Pays

None: Yes

Possession

Close Of Escrow: Yes

Property Features

Laundry Features: Common Area Exterior Material: Wood Siding Roofing: Composition Substructure: Full Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected Util Avail at Street: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available; Public Sewer; Public Water; Storm Sewer Owner Pays: None Tenant Pays: Electric; Gas; Sewer; Trash; Water Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: Central Air Driveway: Concrete Street Type: Paved; Public Terms Available: Cash; Conventional; FHA; VA Loan Possession: Close Of Escrow Sale Conditions: None Unit 1: Central Air; Deck/Patio; Dishwasher; Fireplace; Garb Disp; Range Oven; Refrigerator; Sep. Heat System; Washer/Dryer Unit 2: Central Air; Deck/Patio; Dishwasher; Fireplace; Garb Disp; Range/Oven; Refrigerator; Sep. Heat System; Washer/Dryer

Listing Office: Icon Realty Group LLC

Listing Agent: Joshua Schaub

Last Updated: June - 30 - 2026

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