Heritage Hill Duplex Near
For Sale
$449,900
201 Lafayette Ave NE, Grand Rapids, MI 49503
Duplex in prime location near downtown and local amenities.
Property SizeContact for details
Days on Market122
Property Features for 201 Lafayette Ave NE
General Information
Standard status
Active
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$8,012
Building Details
Year Built
1910
Units
2
Listing Agency:
Five Star Real Estate (Jenison)
(616) 443-7703
Listed By:
Linda M Tanis
(616) 443-7703
Source:
Elliman
Added: Apr 24
Changed: Aug 21
Last Checked: Aug 23 at 8:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Five Star Real Estate (Jenison)
Investment Insights
Based on property information with market context.
This Heritage Hill duplex presents a unique opportunity, situated within walking distance of GRCC, Spectrum Health, downtown, and Martha's Vineyard. Unit 1 features four bedrooms and two and a half bathrooms, showcasing a blend of recent updates and original character. It includes access to a private patio and a two-stall garage. Unit 2 is a semi-studio unit with a private entrance on the third floor, accessible via an outside staircase with a small deck. The studio also has an updated kitchen and bath. A full-size basement provides laundry, storage, and potential workout or studio space. The property combines modern convenience with old-world character. It is suitable for owner occupancy, with the studio potentially offsetting mortgage costs. The property has a solid rental history. The bike score is 64, indicating it is bikeable. The walk score is 79, indicating it is very walkable. The transit score is 44, indicating some transit options are available.
Key Highlights
- Prime location in Heritage Hill, walking distance to GRCC, Spectrum Health, and Downtown.
- Duplex property offering potential for owner‑occupancy with rental income from the studio unit.
- Unit 1: Features 4 bedrooms, 2.5 bathrooms with updated features and original character, plus private patio and 2‑stall garage access.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,529
Businesses Nearby
Explore this area
Business Placement
Demographics for 49503, MI
39,344
Population
19,017
Households
2.1
Avg Household Size
30
Median Age
44%
College-Educated
88%
High-School Grad
7.3 sq mi
ZIP Area
5,390
Density / Sq Mi
$61,734
Median Household Income
$36,694
Median Earnings
$1,207
Median Rent
$224,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex in prime location near downtown and local amenities.
Where is this duplex located?
The property is located at 201 Lafayette Ave NE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Prime location in Heritage Hill, walking distance to GRCC, Spectrum Health, and Downtown.; Duplex property offering potential for owner‑occupancy with rental income from the studio unit.; Unit 1: Features 4 bedrooms, 2.5 bathrooms with updated features and original character, plus private patio and 2‑stall garage access.
