$450,000
Grand Rapids, MI 49503
MLS# 26017314
1 / 43
Property Description
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.
Details
Maps
Location & Property Info
Cross Streets: Wealthy and Lafayette
Property Sub-Type: 2 to 4 Units
Municipality: City of Grand Rapids
Office/Contract Info
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: 50 X 145
Road Frontage: 50
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2027-12-04
Waterfront: No
Basement: Yes
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Total Parking Spaces: 5
School District: Grand Rapids
Association YN: Yes
Lot Measurement: Acres
Lot Square Footage: 7231
Lot Acres: 0.17
Year Built: 1890
Tax Info
Taxable Value: 140720
SEV: 177200
For Tax Year: 2025
Seller's Annual Property Tax: 7226.14
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: None Known
Zoning: RMHH2
Tax ID #: 41-14-31-134-012
Remarks & Misc
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, 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.
Legal: LOT 23 BLK 4* J PENNEY S ADDITION* BEING PART OF E 1/2 OF NW 1/4 SEC 31-7-11
Waterfront Options
Water Access Y/N: No
Lot Description
Level: 1
Sidewalk: 1
Income and Expenses
Annual Insurance: 3000
Annual Maintenance: 11772.5
Annual Mgmt. Fees: 1747.5
Annual Utilities: 7999.78
Gross Op. Inc.: 43869.22
Net Operating Income: 11364.98
Operating Expense: 32504.24
Street Type
Paved: 1
Public: 1
Util Avail at Street
Cable Available: 1
Electricity Available: 1
High Speed Internet: 1
Natural Gas Available: 1
Phone Available: 1
Storm Sewer: 1
Utilities Attached
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Assumable: 1
Cash: 1
Conventional: 1
FHA: 1
MSHDA: 1
VA Loan: 1
Mineral Rights
Unknown: 1
Association Info.
Approx. Assoc Fee: 0
Assoc. Buy in Fee: 0
Laundry Features
Gas Dryer Hookup: 1
In Basement: 1
In Unit: 1
Sink: 1
Upper Level: 1
Exterior Material
Wood Siding: 1
Assoc. Fee Incl.
None: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Air Conditioning
Window Unit(s): 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Driveway
Gravel: 1
Other: 1
Substructure
Full: 1
Owner Pays
Sewer: 1
Trash Collection: 1
Water: 1
Unit 1
Unit #: 1
Unit Description: Lower
SqFt: 1309
Occupied: No
Monthly Rent: 2400
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Deck/Patio: 1
Dishwasher: 1
Range Oven: 1
Refrigerator: 1
Sep. Heat System: 1
Washer/Dryer: 1
Unit 2
Unit #: 2
Unit Description: Upper
SqFt: 1329
Occupied: Yes
Monthly Rent: 1750
Bedrooms: 3
Bathrooms: 1
Full Baths: 1
Deck/Patio: 1
Dishwasher: 1
Range/Oven: 1
Refrigerator: 1
Sep. Heat System: 1
Washer/Dryer: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Kent
Street #: 556
Street Name: Lafayette
Suffix: Avenue
Post Direction: SE
State: MI
Zip Code: 49503
Zip (4): 5332
OfficeContract Info
Status: Active
Current Price: $450,000
List Price: $450,000
Listing Date: 2026-04-23
Property Features
Laundry Features: Gas Dryer Hookup; In Basement; In Unit; Sink; Upper Level
Exterior Material: Wood Siding
Roofing: Composition
Substructure: Full
Lot Description: Level; Sidewalk
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Natural Gas Connected
Util Avail at Street: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available; Storm Sewer
Owner Pays: Sewer; Trash Collection; Water
Tenant Pays: Electric; Gas
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Window Unit(s)
Driveway: Gravel; Other
Street Type: Paved; Public
Mineral Rights: Unknown
Terms Available: Assumable; Cash; Conventional; FHA; MSHDA; VA Loan
Possession: Close Of Escrow
Sale Conditions: None
Unit 1: Deck/Patio; Dishwasher; Range Oven; Refrigerator; Sep. Heat System; Washer/Dryer
Unit 2: Deck/Patio; Dishwasher; Range/Oven; Refrigerator; Sep. Heat System; Washer/Dryer
Listing Office: Real5
Listing Agent: Matthew Luce
Last Updated: April - 23 - 2026
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