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

550 Lafayette Avenue

^$ 524,900

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550 Lafayette Avenue

Grand Rapids, MI, 49503

^$ 524,900

Studio 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.

Multi-Family Pending

Price

^$ 524,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 5,630

Style

Lot Size

0.17

Year Built

1916

Town/City

Grand Rapids

County/Region

Kent

MLS | Web ID

70500354

Features

General

Heating Forced Air

Garage Additional Garage(s)

Status Pending Pending

Year Built 1916

County Kent

Class MULTIFAMILY

Type Multi-Family

Municipality Grand Rapids

Zoning Residential

Subdivision MI

Sale/Rent For Sale

Status Detail 0

Area Grand Rapids (41032)

Primary City Grand Rapids

Directions Wealthy south to home.

City Grand Rapids

School District Grand Rapids City School Distric

Financial Terms Cash Conventional

Legal Description LOT 24 BLK 4* J PENNEY S ADDITION* BEING PART OF E 1/2 OF NW 1/4 SEC 31-7-11

DOM 4

Postal Code 49503

Public Remarks Awesome opportunity to own a large Heritage Hill duplex right down the road from St. Mary's

Exterior

Exterior Brick

Frontage 50

Lot Size Area 0.17

Lot Dimensions 50x145

Roads Paved Street

Waterfront Y/N No

Interior

Total Number of Units 2

Fuel Type Natural Gas

* Excluded Features

List By

Todd Rookus

Listing Agent

Parkside Homes Llc

Broker

trookus@parksidehomes.net

Affordability Calculator

$3,744

Per Month

Monthly Principal & Interest: $3,275
Monthly Property Taxes: $469
Monthly Home Insurance: --

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Yearly 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

Trends
Schools

Multi-family listings in Grand Rapids, MI

Average List Price ^$526,701

Percent of Sale Price 0%

About Grand Rapids, MI

199,553 Population

1% Since 2002

^$43,558 Median Income

34 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3147031 Elementary School

3147033 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/17/2025	$524,900		Listed Price

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550 Lafayette Avenue, Grand Rapids, MI, 49503 is a Multi-Family Home for sale at $524,900 with a lot size of 0.17. 550 Lafayette Avenue 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

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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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550 Lafayette Avenue

Multi-Family Home for sale in Grand Rapids, MI

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