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

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

2 to 4 Units

Lot Size

0.17

Year Built

1890

Town/City

Grand Rapids

County/Region

Kent

MLS | Web ID

26017314

Features
General
Heating Forced Air
Cooling Window Unit(s)
Utilities Phone Available Natural Gas Available Electricity Available Cable Available Natural Gas Connected Storm Sewer
Possession Close Of Escrow
Roof Composition Other
Association Fee Includes None
Construction Materials Wood Siding
Exclusions All staging furniture and mirrors to be excluded from the sale. Bathroom mirror to be replace prior to close.
Year Built 1890
Tenant Pays Electric Gas
Township City of Grand Rapids
Property Subtype 2 to 4 Units
Tax Year 2025
Gross Income 43869.22
County Kent
Net Operating Income 11364.98
Operating Expense 32504.24
Insurance Expense 3000.0
New Construction N
Property Type Multi Family
HOA N
Attached Garage N
MaintenanceExpense 11772.5
Status Active
City Grand Rapids
High School District Grand Rapids
Zoning Description RMHH2
Number Of Units Total 2
Lot Size Units Acres
Lot Size Square Feet 7231.0
Listing Terms VA Loan MSHDA FHA Cash Assumable Conventional
Land Lease Y/N N
Tax Annual Amount 7226.14
Lease Renewal Y/N N
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Active
Tax Assessed Value 140720
Legal Description LOT 23 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 Gas Dryer Hookup In Basement In Unit Sink Upper Level
Total Baths 0
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Exterior
Parking Features Driveway Gravel
Lot Features Level Sidewalk
Total Parking 5.0
Lot Size Area 0.17
Number of Buildings 1
Spa N
Lot Dimensions 50 X 145
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 1 556
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* Excluded Features
List By
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
250213 Elementary School
249218 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 SE, Grand Rapids, MI, 49503 is a Multi-Family Home for sale at $450,000 with a lot size of 0.17. 556 Lafayette Avenue SE 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