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556 Lafayette Avenue Southeast

Grand Rapids MI 49503

5
7231 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

Heritage Hill character with real flexibility. This duplex 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. 2.625% Loan Assumption available for remaining $261,000 owed by 2050.

Features

5 carspaces
7231 sq. ft. lot size
Multi-Family

Property history for 556 Lafayette Avenue Southeast

2020
Sold
$309,000
18 Sep 2020 by Alison Glowinski, of Mitten Real Estate
2015
Sold
$193,000
23 Mar 2015 by Jeff Kermath, of Kermath Realty LLC

Happy sellers in Grand Rapids

90%
90% of sellers in Grand Rapids reported that their sale price either exceeded or met their price expectations.

Grand Rapids stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Grand Rapids over the last 12 months.

Local market activity for multi families in Grand Rapids

In the last 12 months, 64 multi families similar to 556 Lafayette Avenue Southeast, have been sold.

This represents a 17% increase in multi families sales when compared to the previous 12 months.

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