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Heritage Hill Duplex with Flexibility

556 Lafayette Avenue SE, Grand Rapids, MI 49503

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Pending

$450,000

MULTI_FAMILY - Grand Rapids, MI

Lot size:

0.17 Acres

We can help!

Contact an agent

Matthew Luce

HighLights

2.625% Loan Assumption available for remaining $261,000 owed by 2050.
Duplex offers flexibility: live in one unit and rent the other, operate as an income property, or convert to a single‑family home.
Separate three‑bedroom unit currently rented for $1,750 per month to long‑term tenants.
Prime Heritage Hill location, close to downtown, parks, and local amenities.
Each unit has its own laundry and kitchen.
Off‑street parking with multiple spaces.

Pending

$450,000

MULTI_FAMILY - Grand Rapids, MI

Lot size:

0.17 Acres

Added:: Apr 23, 2026
Days on Market:: 76
Last Refresh:: Jul 7 at 7:06 am

Property Features for 556 Lafayette Avenue SE

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 5
Rooms: Basement, Bedroom 5, Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 2
Parking: 5
Parking features: Driveway
Basement: Full
Standard status: Pending
APN: 41-14-31-134-012
Lot size: 0.17 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Description: LOT 23 BLK 4* J PENNEY S ADDITION* BEING PART OF E 1/2 OF NW 1/4 SEC 31-7-11
Tax Annual Amount: 7226

Utilities

Utilities: Cable Available
Heating system: Forced Air
Cooling system: Window Unit(s)

Building Details

Year built: 1890
Number of units: 2
Building materials: Wood Siding
Roof type: Composition

We can help!

Contact an agent

Matthew Luce

Listing agent Matthew Luce

Listing office Real5 625 Kenmoor Ave SE Ste 210, Grand Rapids, MI

Listing date Apr 23, 2026

MLS# 26017314 Listing URL

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.

HighLights

2.625% Loan Assumption available for remaining $261,000 owed by 2050.
Duplex offers flexibility: live in one unit and rent the other, operate as an income property, or convert to a single‑family home.
Separate three‑bedroom unit currently rented for $1,750 per month to long‑term tenants.
Prime Heritage Hill location, close to downtown, parks, and local amenities.
Each unit has its own laundry and kitchen.
Off‑street parking with multiple spaces.

Overview

This duplex in Heritage Hill offers flexibility for various uses. It suits individuals looking to occupy one unit and rent out the other, operate it as an income property, or convert it back into a spacious single-family home. The main level combines natural light and original charm with functional spaces, including a living room, formal dining area, and an updated kitchen, bathroom, and bedrooms. The upper level features a separate three-bedroom unit with its own kitchen, dining area, and living room, currently rented to long-term tenants for $1,750 per month. Each unit is equipped with its own laundry facilities. Off-street parking with multiple spaces enhances practicality. The property's location is in Heritage Hill, near downtown, parks, and local amenities. A fenced front yard and wraparound porch provide outdoor space. The property is located in Grand Rapids, MI 49503. The lot size is 0.17 acres. A 2.625% Loan Assumption is available for the remaining $261,000 owed by 2050.

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Grand Rapids
County: Kent
State: Michigan
Longitude: -85.661374
Latitude: 42.952345

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For sale
Duplexes
MI
Grand Rapids
49503
556 Lafayette Avenue SE

What type of property is this?

Duplex - Duplex in Heritage Hill, ideal for living and renting.

Where is this duplex located?

The property is located at 556 Lafayette Avenue SE Grand Rapids, MI.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: 2.625% Loan Assumption available for remaining $261,000 owed by 2050.; Duplex offers flexibility: live in one unit and rent the other, operate as an income property, or convert to a single‑family home.; Separate three‑bedroom unit currently rented for $1,750 per month to long‑term tenants.

556 Lafayette Avenue SE, Grand Rapids, MI 49503

MULTI_FAMILY - Grand Rapids, MI

Property Features for 556 Lafayette Avenue SE

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Multi-Tenant Retail Building with C-4

Grand Rapids Commercial Property For Sale

Iconic Bar & Grill Opportunity

Tip Top Deluxe Bar & Grill

Historic Building Condo Conversion

Mixed-Use Property in Grand Rapids

Class A Office Investment Opportunity

Freestanding Bank Branch with Drive-Thru

Versatile Commercial Property, Grand Rapids

Corner Office/Retail Building Opportunity

Corner Auto Service and Showroom

Retail Storefront Business Opportunity

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