340 Cherry Street SE, Grand Rapids, MI 49503 (MLS# 25052799)
340 Cherry Street SE, Grand Rapids, MI 49503
$960,000
Property Type:
Multi Family
Lot Size (sq. ft.):
6,055
Status:
Active
Current Price:
$960,000
List Date:
10/14/2025
Last Modified:
11/30/2025
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!
More Information MLS# 25052799
Location & Property Info
Cross Streets: Madison & Cherry
Property Sub-Type: 2 to 4 Units
Municipality: City of Grand Rapids
Office/Contract Info
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: 55 x 110
Road Frontage: 55
Cert of Compliance: Yes
Waterfront: No
Basement: Yes
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Total Parking Spaces: 4
School District: Grand Rapids
Lot Measurement: Acres
Lot Square Footage: 6055
Lot Acres: 0.14
Year Built: 1900
Tax Info
Taxable Value: 273936
SEV: 28540
For Tax Year: 2025
Seller's Annual Property Tax: 13607
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: NA
Zoning: RES
Tax ID #: 41-14-30-381-002
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
Waterfront Options
Water Access Y/N: No
Income and Expenses
Gross Op. Inc.: 7000
Street Type
Paved: 1
Public: 1
Util Avail at Street
Cable Available: 1
Electricity Available: 1
High Speed Internet: 1
Natural Gas Available: 1
Phone Available: 1
Public Sewer: 1
Public Water: 1
Storm Sewer: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
FHA: 1
VA Loan: 1
Laundry Features
Common Area: 1
Exterior Material
Wood Siding: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Air Conditioning
Central Air: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Sewer: 1
Trash: 1
Water: 1
Driveway
Concrete: 1
Substructure
Full: 1
Owner Pays
None: 1
Unit 1
Unit #: 1
Unit Description: 340 Cherry
SqFt: 2893
Occupied: Yes
Monthly Rent: 3600
Bedrooms: 6
Bathrooms: 3
Full Baths: 2
Half Baths: 1
Central Air: 1
Deck/Patio: 1
Dishwasher: 1
Fireplace: 1
Garb Disp: 1
Range Oven: 1
Refrigerator: 1
Sep. Heat System: 1
Washer/Dryer: 1
Unit 2
Unit #: 2
Unit Description: 342 Cherry
SqFt: 2893
Occupied: Yes
Monthly Rent: 3400
Bedrooms: 7
Bathrooms: 3
Full Baths: 2
Half Baths: 1
Central Air: 1
Deck/Patio: 1
Dishwasher: 1
Fireplace: 1
Garb Disp: 1
Range/Oven: 1
Refrigerator: 1
Sep. Heat System: 1
Washer/Dryer: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Kent
Street #: 340
Street Name: Cherry
Suffix: Street
Post Direction: SE
State: MI
Zip Code: 49503
Zip (4): 4655
Area: Grand Rapids - G
OfficeContract Info
Status: Active
Current Price: $960,000
List Price: $960,000
Listing Date: 2025-10-14
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: November - 30 - 2025
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