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    550 Lafayette Ave SE Grand Rapids, MI 49503

    Pending
    For Sale
    $524,900

    MULTI_FAMILY - Grand Rapids, MI

    Lot size:
    0.17 Acres
    Days on Market:
    50
    Last Refresh:
    Dec 9 at 1:06 am

    Property Features for 550 Lafayette Ave SE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 1, Basement, Bedroom 2, Bathroom 2
    Bedrooms
    4
    APN
    411431134011
    Parking
    5
    Parking features
    Driveway
    Basement
    Full
    Lot size
    0.17 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1916
    Number of units
    2
    Building materials
    Brick, Stucco
    Roof type
    Composition, Rubber

    PARKSIDE REALTY GROUP LLC (616) 805-4690

    Listing agent Todd A Rookus (616) 805-4690

    Listing date Oct 21, 2025

    Copyright © 2025 Montcalm County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Heritage Hill Duplex Opportunity

    This large duplex is located in Heritage Hill, Grand Rapids, near St. Mary's and the Wealthy Street district. Each unit features two bedrooms and an additional non-conforming bedroom or office. The units are described as large, bright, and airy, with separate utilities. Architectural details include woodwork, coffered ceilings, and hardwood floors. The property includes parking, a garage, and a large front porch. The basement offers storage and laundry facilities. Updates have been made to both the interior and exterior of the property. The lot size is 0.17 acres. Projected rents for both units are around $3,500. This property offers options for owner-occupancy or investment.
    Property Profile Location Intelligence

    Current Use by Public Records

    GRAAHI, Inc. Non-Profit Organization

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.661368
    Latitude
    42.952473

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    FAQs

    What type of property is this?
    Duplex - Large Grand Rapids duplex near St. Mary's and Wealthy Street.
    Where is this duplex located?
    The property is located at 550 Lafayette Ave SE Grand Rapids, MI.
    What is the asking price?
    The asking price for this property is $524,900.
    What are key features of this property?
    This property features: - Prime location near St. Mary's and Wealthy Street district in Heritage Hill.; - Duplex with two units, each featuring 2 bedrooms plus a non-conforming bedroom/office.; - Separate utilities for each unit.
    (616) 805-4690
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    550 Lafayette Ave SE Grand Rapids, MI 49503
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