Updated Triplex with Owner-Occupied
For Sale
$264,900
145 Lafayette St, Ionia, MI 48846
Three fully updated units provide flexible owner-occupancy options and updated exterior finishes for easier day-to-day maintenance.
Property SizeContact for details
Days on Market50
Property Features for 145 Lafayette St
General Information
Standard status
Active
Property subtype
Investment
Additional Details
Business Included
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$3,481
Building Details
Year Built
1900
Units
3
Tenancy
Multi
Listing Agency:
Five Star Real Estate (Walker)
(616) 791-1010
Listed By:
Vito (Jr.) E Dolci · License #6501224335
(616) 791-1010
Source:
Elliman
Added: Jun 21
Changed: Aug 7
Last Checked: Aug 8 at 10:53AM
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 (Walker)
Investment Insights
Based on property information with market context.
This triplex presents an investment and/or owner-occupied setup with three units in place. The current rent is listed as $1,250 and $1,100, with the owner occupying the third unit. The seller also describes potential rent of up to $3,000 per month. All three units have been updated, and the exterior includes updated windows and siding intended to reduce maintenance concerns and support a more modern tenant experience.
The property is described as being in a convenient location close to downtown. BikeScore is 34 (Somewhat Bikeable) and WalkScore is 56 (Somewhat Walkable), reflecting a neighborhood with everyday walkability.
For tenants and buyers, the appeal is the combination of turnkey condition and flexible living arrangements. Owner-occupants can occupy one unit while collecting rent from the other two, while investors can evaluate the property as a straightforward income-producing triplex with updates already completed throughout. The updated windows, siding, and interiors should help streamline upkeep compared to a property requiring immediate rework.
The property is described as being in a convenient location close to downtown. BikeScore is 34 (Somewhat Bikeable) and WalkScore is 56 (Somewhat Walkable), reflecting a neighborhood with everyday walkability.
For tenants and buyers, the appeal is the combination of turnkey condition and flexible living arrangements. Owner-occupants can occupy one unit while collecting rent from the other two, while investors can evaluate the property as a straightforward income-producing triplex with updates already completed throughout. The updated windows, siding, and interiors should help streamline upkeep compared to a property requiring immediate rework.
Key Highlights
- Triplex with 3 fully updated units for income‑producing living arrangements
- Current rents are $1,250 and $1,100; owner occupies the 3rd unit
- Stated potential to earn $3,000/month
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
388
Businesses Nearby
Explore this area
Business Placement
Demographics for 48846, MI
22,470
Population
7,597
Households
3
Avg Household Size
38
Median Age
12%
College-Educated
88%
High-School Grad
110.6 sq mi
ZIP Area
203
Density / Sq Mi
$66,717
Median Household Income
$37,858
Median Earnings
$804
Median Rent
$172,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Triplex - Three fully updated units provide flexible owner-occupancy options and updated exterior finishes for easier day-to-day maintenance.
Where is this triplex located?
The property is located at 145 Lafayette St Ionia, MI.
What is the asking price?
The asking price for this property is $264,900.
What are key features of this property?
This property features: Triplex with 3 fully updated units for income‑producing living arrangements; Current rents are $1,250 and $1,100; owner occupies the 3rd unit; Stated potential to earn $3,000/month
