550 Lafayette Avenue SE Grand Rapids, MI $ 524,900
550 Lafayette Avenue SE
$ 524,900
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550 Lafayette Avenue SE

Grand Rapids, MI, 49503
$ 524,900
Baths0.0

Monthly Estimate*

$ 3,275

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Studio

Multi-Family Home for sale in Grand Rapids, MI

for $524,900. This home was built in 1916 on a lot size of 0.17.

Awesome opportunity to own a large Heritage Hill duplex right down the road from St. Mary's, Wealthy Street district and the heart of Grand Rapids. Each unit has 2 full bedrooms and one additional ''non-conforming'' bedroom and/or office. Large, bright and airy units. Utilities are seperated. Both units have lots of woodwork, coffered ceilings and hardwood floors. Lots of parking, garage, huge front porch. Easy renter. Projected rents for both units are around $3,500. This has served as a great owner occupant unit as both units are very nicely appointed. Lots of options, lots of space and Location, location, location! Basement has storage and laundry. Many updates have been made both inside and out. Whether this is a home or investment this is a great home filled with charm.

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Multi-Family Pending

Price

$ 524,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 5,630

Style

2 to 4 Units

Lot Size

0.17

Year Built

1916

Town/City

Grand Rapids

County/Region

Kent

MLS | Web ID

25053703

Features
General
Sewer Public Sewer
Heating Forced Air
Cooling Central Air
Utilities Natural Gas Connected Electricity Connected
Possession Close Of Escrow
Roof Composition Rubber
Construction Materials Brick Stucco
Year Built 1916
Tenant Pays Electric Trash Gas
Township City of Grand Rapids
Property Subtype 2 to 4 Units
Tax Year 2025
County Kent
New Construction N
Property Type Multi Family
Attached Garage N
Status Pending
Directions Wealthy south to home.
City Grand Rapids
High School District Grand Rapids
Zoning Description Res
Number Of Units Total 2
MLS Area Grand Rapids - G
Lot Size Units Acres
Lot Size Square Feet 7250.0
Listing Terms Cash Conventional
Land Lease Y/N N
Tax Annual Amount 5630.0
Lease Renewal Y/N N
MLS Area Minor Grand Rapids - G
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Pending
Tax Assessed Value 135733
Legal Description LOT 24 BLK 4* J PENNEY S ADDITION* BEING PART OF E 1/2 OF NW 1/4 SEC 31-7-11
Senior Community None
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Interior
Basement Full
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Laundry Features Common Area Lower Level
Total Baths 0
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Exterior
Parking Features Concrete Driveway
Total Parking 5.0
Lot Size Area 0.17
Number of Buildings 1
Spa N
Lot Dimensions 50x145
Lot Size Acres 0.17
Road Surface Type Paved
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 550
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* Excluded Features
List By
Parkside Homes Llc

Broker

trookus@parksidehomes.net

Email

Affordability Calculator

$3,744
Per Month
87%
13%
0%
Monthly Principal & Interest
$3,275
Monthly Property Taxes
$469
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
250213 Elementary School
249218 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/17/2025$524,900 Listed Price

Map


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550 Lafayette Avenue SE, Grand Rapids, MI, 49503 is a Multi-Family Home for sale at $524,900 with a lot size of 0.17. 550 Lafayette Avenue SE is a studio with 0.0 baths and was built in 1916. The property's zip code is 49503 which is in Grand Rapids, MI