556 Lafayette Avenue Grand Rapids, MI $ 450,000
556 Lafayette Avenue
$ 450,000
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556 Lafayette Avenue

Grand Rapids, MI, 49503
$ 450,000
Baths0.0

Monthly Estimate*

$ 2,771

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Studio

Multi-Family Home for sale in Grand Rapids, MI

for $450,000. This home was built in 1890 on a lot size of 0.17.

Heritage Hill character with real flexibility. This home works well for someone looking to live in one portion and rent the other, operate as an income property, or bring it back to a spacious single-family home. The main level blends natural light and original charm with everyday function, featuring a comfortable living room, formal dining area, and an updated kitchen, bathroom, and bedrooms that make daily living easy. Upstairs, you'll find a separate three-bedroom unit with its own kitchen, dining area, and spacious living room, currently rented for $1,750 per month to long-term tenants. Each unit has its own laundry. Off-street parking with multiple spaces adds to the practicality, and the location places you in the heart of Heritage Hill, close to downtown, parks, and local favorites. The fenced front yard is perfect for pups, and the wraparound porch offers a great place to sit and enjoy a beautiful day. This home gives you flexibility without overcomplicating the path forward.

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Multi-Family Active

Price

$ 450,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 7,226

Style

Lot Size

0.17

Year Built

1890

Town/City

Grand Rapids

County/Region

Kent

MLS | Web ID

70527008

Features
General
Heating Forced Air
Status Active Active
Year Built 1890
County Kent
Class MULTIFAMILY
Type Multi-Family
Net Income 11364.98
Municipality Grand Rapids
Subdivision MI
Sale/Rent For Sale
Status Detail 0
Area Grand Rapids (41032)
Primary City Grand Rapids
City Grand Rapids
School District Grand Rapids City School Distric
Financial Terms Cash Conventional FHA VA
Legal Description LOT 23 BLK 4* J PENNEY S ADDITION* BEING PART OF E 1/2 OF NW 1/4 SEC 31-7-11
DOM 1
Postal Code 49503
Public Remarks Heritage Hill character with real flexibility. This home works well for someone looking to live in one portion and rent the other operate as an income property
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Exterior
Exterior Wood
Frontage 50
Lot Size Area 0.17
Lot Dimensions 50 X 145
Lot Description Sidewalks
Roads City/County Paved Street
Waterfront Y/N No
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Interior
Total Number of Units 2
Fuel Type Natural Gas
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* Excluded Features
List By
Matthew Luce

Listing Agent

Real5

Broker

matthewluce.sdp@gmail.com

Email

Affordability Calculator

$3,373
Per Month
82%
18%
0%
Monthly Principal & Interest
$2,771
Monthly Property Taxes
$602
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
3147031 Elementary School
3147033 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/23/2026$450,000 Listed Price

Map


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556 Lafayette Avenue, Grand Rapids, MI, 49503 is a Multi-Family Home for sale at $450,000 with a lot size of 0.17. 556 Lafayette Avenue is a studio with 0.0 baths and was built in 1890. The property's zip code is 49503 which is in Grand Rapids, MI