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    556 Lyon St NE Grand Rapids, MI 49503

    Pending
    For Sale
    $376,000

    MULTI_FAMILY - Grand Rapids, MI

    Lot size:
    0.10 Acres
    Days on Market:
    15
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 556 Lyon St NE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Basement, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bathroom 2
    Bedrooms
    4
    APN
    41-14-30-252-025
    Parking
    2
    Basement
    Full
    Lot size
    0.10 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Wall Unit(s), Central Air

    Building Details

    Year built
    1880
    Number of units
    2
    Building materials
    Shingle Siding

    Independence Realty (616) 669-0463 [email protected]

    Listing agent Doug F Takens (616) 262-4574

    Listing date Nov 21, 2025

    MLS# 25051513 Listing URL

    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

    Grand Rapids Multifamily Opportunity

    This multifamily property presents an opportunity for either owner-occupancy or investment. The lower unit has been remodeled and features an updated kitchen and bathroom, an eating area, a living room, two bedrooms, and laundry facilities. The upper unit, accessible via a separate entrance, includes a kitchen, an eating area, a living room, laundry facilities, a full bathroom, and two bedrooms. Additional features include a Swanstone Shower from Williams Kitchens and Baths with a new Hansgrohe Shower System. The property is conveniently located near various stores and restaurants, in close proximity to the medical mile and downtown Grand Rapids, and with easy access to major highways.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.654629
    Latitude
    42.967133

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    FAQs

    What type of property is this?
    Duplex - Multifamily property near downtown Grand Rapids and Medical Mile.
    Where is this duplex located?
    The property is located at 556 Lyon St NE Grand Rapids, MI.
    What is the asking price?
    The asking price for this property is $376,000.
    What are key features of this property?
    This property features: - Opportunity for owner occupancy with rental income from the upper unit to offset mortgage costs.; - Two separate units, each with 2 bedrooms, kitchen, living room, eating area, laundry, and bathroom.; - Remodeled lower unit with updated kitchen and bathroom.
    (616) 262-4574
    Request Owner's contact information
    556 Lyon St NE Grand Rapids, MI 49503
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    Grand Rapids, MI 49503
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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
    556 Lyon St NE Grand Rapids, MI 49503
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