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Updated Triplex with Vinyl Siding
For Sale
$249,900

145 Lafayette Street, Ionia, MI 48846

Multi Family, Ionia, MI

Property SizeContact for details
Lot Size0.14 Acres
Days on Market93

Property Features for 145 Lafayette Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description RES
Bedrooms 5
Full bathrooms 3
Rooms Bathroom 3, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 5, Basement
Parking 3
Elementary school district Ionia
Middle school district Ionia
High school district Ionia
Directions Bluewater Hwy (M-21) past M-66 South to Rich, Right to Lafayette, right to home
Standard status Active
APN 203-230-000-115-00
Lot size 0.14 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description CITY OF IONIA SUP. WILLIAMS ADD LOT 28
Tax Annual Amount 3481
Legal Description CITY OF IONIA SUP. WILLIAMS ADD LOT 28

Utilities

Utilities Cable Available
Heating system Forced Air

Building Details

Year built 1900
Number of units 3
Building materials Vinyl Siding
Roof type Composition
Listing Agency: Five Star Real Estate (Walker)
Listed By: Garrett B Kirby · License #6501423615
Added: Jun 11 Changed: Sep 7 Last Checked: Sep 11 at 3:06AM
MLS# 26028658

Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This three-unit residential property offers an updated multifamily configuration with five bedrooms and three bathrooms. Improvements include refreshed interiors, replacement windows, and vinyl siding, while forced-air heating and a composition roof serve the building. The property was constructed in 1900 and occupies approximately 0.14 acres.

A basement provides additional building space, and cable service is available. Located in Ionia, the property is positioned near downtown and includes the flexibility to combine owner occupancy with residential income use. The three-unit layout accommodates separate household living arrangements within a single multifamily asset.

Key Highlights

  • Three‑unit multifamily property with five bedrooms and three bathrooms
  • Updated units with replacement windows and vinyl siding
  • Approximately 0.14 acres in Ionia, MI

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Kitchen & Bath Showroom Auto Parts Store HVAC Service Hair Salon Bakery (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

457
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three refreshed units support residential income use with flexibility for an owner occupant.
Where is this triplex located?
The property is located at 145 Lafayette Street Ionia, MI.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Three‑unit multifamily property with five bedrooms and three bathrooms; Updated units with replacement windows and vinyl siding; Approximately 0.14 acres in Ionia, MI
More about this property
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