556 Lafayette Avenue SE, Grand Rapids, MI 49503

$450,000

Property Type: Residential Bedrooms: 5 Baths: 2 Square Footage: 2,638 Lot Size (sq. ft.): 7,231 Status: Active

Current Price: $450,000 List Date: 4/23/2026 Last Modified: 5/09/2026

Overview

Description

Heritage Hill character with real flexibility. This duplex works well for someone looking to live in one portion and rent the other, operate as an income property, or bring it back to a spacious single-family home. The main level blends natural light and original charm with everyday function, featuring a comfortable living room, formal dining area, and an updated kitchen, bathroom, and bedrooms that make daily living easy. Upstairs, you'll find a separate three-bedroom unit with its own kitchen, dining area, and spacious living room, currently rented for $1,750 per month to long-term tenants. Each unit has its own laundry. Off-street parking with multiple spaces adds to the practicality, and the location places you in the heart of Heritage Hill, close to downtown, parks, and local favorites. The fenced front yard is perfect for pups, and the wraparound porch offers a great place to sit and enjoy a beautiful day. 2.625% Loan Assumption available for remaining $261,000 owed by 2050.

Listing Details MLS# 26017303

Location Property Info

County: Kent
Street #: 556
Street Name: Lafayette
Suffix: Avenue
Post Direction: SE
State: MI
Zip Code: 49503
Zip (4): 5332

General Property Info

New Construction: No
Lot Measurement: Acres
Lot Acres: 0.17
Lot Square Footage: 7231
Lot Dimensions: 50 X 145
Year Built: 1890
Road Frontage: 50
Garage Y/N: No
Total Fireplaces: Yes
Income Property: Yes
Total Rooms AG: 13
Total Fin SqFt All Levels: 2638
SqFt Above Grade: 2638
Building Total SqFt: 2638
Total Beds Above Grade: 5
Total Bedrooms: 5
Full Baths: 2
Total Baths: 2
Main Level Primary: Yes
Stories: 2
School District: Grand Rapids
Association YN: Yes
Waterfront: No
Basement: Yes
Below Grade Finished SqFt: 0
Below Grade Unfinished SqFt: 0

Tax Info

Tax ID #: 411431134012
Taxable Value: 140720
SEV: 177200
For Tax Year: 2025
Seller's Annual Property Tax: 7266.14
Tax Year: 2025
Spec Assessment & Type: None Known
Zoning: RMHH2
Homestead %: 0

Waterfront Options

Water Access Y/N: No

Access Feat

Accessibility Features: No

More Information

Upper Rooms

Upper Bedrooms: 3
Upper Full Baths: Yes
Upper Level Square Feet: 1329
Total Baths Above Grade: 2

Main Rooms

Main Bedrooms: 2
Main Full Baths: Yes
Main Level SQFT: 1309

Basement Rooms

Total Basement SQFT: 955
Basement Finished SQFT: 0

Location & Property Info

Cross Streets: Wealthy and Lafayette
Property Sub-Type: Single Family Residence
Municipality: City of Grand Rapids

Office/Contract Info

Auction or For Sale: For Sale
List Price/SqFt: 170.58

Remarks & Misc

Public Remarks: Heritage Hill character with real flexibility. This duplex works well for someone looking to live in one portion and rent the other, operate as an income property, or bring it back to a spacious single-family home. The main level blends natural light and original charm with everyday function, featuring a comfortable living room, formal dining area, and an updated kitchen, bathroom, and bedrooms that make daily living easy. Upstairs, you'll find a separate three-bedroom unit with its own kitchen, dining area, and spacious living room, currently rented for $1,750 per month to long-term tenants. Each unit has its own laundry. Off-street parking with multiple spaces adds to the practicality, and the location places you in the heart of Heritage Hill, close to downtown, parks, and local favorites. The fenced front yard is perfect for pups, and the wraparound porch offers a great place to sit and enjoy a beautiful day. 2.625% Loan Assumption available for remaining $261,000 owed by 2050.
Legal: LOT 23 BLK 4* J PENNEY S ADDITION* BEING PART OF E 1/2 OF NW 1/4 SEC 31-7-11

Lot Description

Level: Yes
Sidewalk: Yes

Street Type

Paved: Yes
Public: Yes

Util Avail at Street

Cable Available: Yes
Electricity Available: Yes
High Speed Internet: Yes
Natural Gas Available: Yes
Phone Available: Yes
Storm Sewer: Yes

Utilities Attached

Natural Gas Connected: Yes

Sewer

Public Sewer: Yes

Water

Public: Yes

Terms Available

Assumable: Yes
Cash: Yes
Conventional: Yes
FHA: Yes
MSHDA: Yes
VA Loan: Yes

Mineral Rights

Unknown: Yes

Association Info.

Approx. Assoc Fee: 0
Assoc. Buy in Fee: No

Laundry Features

Gas Dryer Hookup: Yes
In Basement: Yes
In Unit: Yes
Sink: Yes
Upper Level: Yes

Exterior Material

Wood Siding: Yes

Assoc. Fee Incl.

None: Yes

Roofing

Composition: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Heat Type

Forced Air: Yes

Air Conditioning

Window Unit(s): Yes

Lower Rooms

Lower Finished SQFT: 0
Total Lower SQFT: 0

Driveway

Gravel: Yes
Other: Yes

Substructure

Full: Yes

Windows

Screens: Yes
Storms: Yes

Kitchen Features

Mud Room Access: Yes
Pantry: Yes

Additional Items

Ceiling Fan(s): Yes
Home Warranty: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Water Heater

Natural Gas: Yes

Exterior Features

Other: Yes

Fencing

Front Yard: Yes

Patio and Porch Features

Porch(es): Yes
Covered: Yes

Flooring

Vinyl: Yes
Wood: Yes

Landscape

Flower Garden: Yes
Garden Area: Yes
Shrubs/Hedges: Yes

Architectural Style

Victorian: Yes

Possession

Close Of Escrow: Yes

Property Features

Laundry Features: Gas Dryer Hookup; In Basement; In Unit; Sink; Upper Level Exterior Material: Wood Siding Roofing: Composition Windows: Screens; Storms Substructure: Full Lot Description: Level; Sidewalk Sewer: Public Sewer Water: Public Utilities Attached: Natural Gas Connected Util Avail at Street: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available; Storm Sewer Kitchen Features: Mud Room Access; Pantry Additional Items: Ceiling Fan(s); Home Warranty Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: Window Unit(s) Water Heater: Natural Gas Exterior Features: Other Fencing: Front Yard Flooring: Vinyl; Wood Patio and Porch Features: Covered; Porch(es) Landscape: Flower Garden; Garden Area; Shrubs/Hedges Architectural Style: Victorian Driveway: Gravel; Other Street Type: Paved; Public Mineral Rights: Unknown Terms Available: Assumable; Cash; Conventional; FHA; MSHDA; VA Loan Possession: Close Of Escrow Sale Conditions: None

Listing Office: Real5

Listing Agent: Matthew Luce

Last Updated: May - 09 - 2026

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.