550 Lafayette Avenue SE, Grand Rapids, MI 49503 - Photo 1

1/1

$524,900

Sold
Closed
Single Family

1/1

Property Description

Awesome opportunity to own a large Heritage Hill duplex right down the road from St. Mary's, Wealthy Street district and the heart of Grand Rapids. Each unit has 2 full bedrooms and one additional ''non-conforming'' bedroom and/or office. Large, bright and airy units. Utilities are seperated. Both units have lots of woodwork, coffered ceilings and hardwood floors. Lots of parking, garage, huge front porch. Easy renter. Projected rents for both units are around $3,500. This has served as a great owner occupant unit as both units are very nicely appointed. Lots of options, lots of space and Location, location, location! Basement has storage and laundry. Many updates have been made both inside and out. Whether this is a home or investment this is a great home filled with charm.

Full Property Details

Full Property Details for 550 Lafayette Ave SE

General

Sold For: $524,900
Taxes: $5,630
Status: Closed
Type: Single Family
Source: SWMRIC_MLS
MLS ID: 25053703
Added to Site: 93 day(s) ago

Parking

Total Spaces: 5
Parking Features: Concrete, Driveway

Location

Area: Grand Rapids - G
County: Kent
Cross Streets: Logan
Driving Directions: Wealthy south to home.

Heating & Cooling

Central air: Yes
Air Conditioning: Yes
Cooling Type: Central Air Conditioning
Heating Type: Forced Air

Utilities

Sewer: Public Sewer
Utility Description: Natural Gas Connected, Electricity Connected

Structural Information

# Buildings: 1
Construction: Brick, Stucco
Basement: Yes
Roof: Composition, Rubber
Year Built: 1916

Lot Features

Lot Size (Acres): 0.17
Lot Size (Sq. Ft.): 7,250
Frontage: Paved
Zoning: Res

Financial Considerations

Tax Amount: $5,630
Terms: Cash, Conventional
Landlord Pays: Water
Tenant Pays: Electricity, Trash, Gas

Disclosures and Reports

Legal Description: LOT 24 BLK 4* J PENNEY S ADDITION* BEING PART OF E 1/2 OF NW 1/4 SEC 31-7-11
Property ID: 411431134011

Listed by Parkside Homes LLC, Todd A Rookus and James C Rookus
Sold by ERA Reardon Realty Great Lakes, Roxanne O`Neil

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Listing agents

— 550 Lafayette Ave SE —

Todd A Rookus

Parkside Homes LLC
James C Rookus

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Schools

Schools serving 550 Lafayette Ave SE

School District:Grand Rapids Public Schools

Name	Grades	Distance
Martin Luther King Leadership Academy 645 Logan Street Southeast, Grand Rapids, MI 49503	PK-8	0.5 mi
Alger Middle School 921 Alger Street Southeast, Grand Rapids, MI 49507	6-8	2.4 mi
Ottawa Hills High School 2055 Rosewood Avenue Southeast, Grand Rapids, MI 49506	9-12	2.5 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 550 Lafayette Ave SE

Date

Details

Price

Change

Source

11/24/2025

Sold

$524,900

—

MLS

10/17/2025

Listed

$524,900

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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550 Lafayette Ave SE, Grand Rapids, MI 49503 - Photo 1

Sold

$524,900