Sold
1046 1048 Lafayette Avenue SE, Grand Rapids, MI 49507
Sold on 06/30/2026 for$357,000
MLS # 26022546 (Michigan Regional Information Center (MichRIC))
4 unitsBuilt 19000.1 acres
1 / 13
Listing Description
Turnkey four-unit investment opportunity in the SE side of Grand Rapids. All four 2-bedroom 1-bath units feature many recent updates including remodeled kitchens and baths, updated flooring, and plumbing improvements. Separate gas and electric meters help streamline management expenses. The new upper-level deck adds additional outdoor space attractive to renters. 2 of the 4 furnaces have been replaced in the last 3 years. Excellent location near downtown Grand Rapids, medical campuses, dining, entertainment, and major highway access.
Source: SparkMLS
About this home
Closed at $357,000.
Annual property taxes run approximately $4,698 ($392/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Consumers Energy Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeMulti Family
Property Subtype2 to 4 Units
Bathrooms0
Lot Size0.1 acres
Year Built1900
Location
CityGrand Rapids
MunicipalityCity of Grand Rapids
Zip Code49507
CountyKent
School DistrictGrand Rapids
Construction & Systems
ConstructionVinyl Siding
BasementFull, Walk-Out Access
HeatingForced Air
UtilitiesNatural Gas Connected, Electricity Connected, Cable Connected, Storm Sewer
Sale & Financing
Listed5/14/2026
Sold Date6/29/2026
Terms AcceptedCash, Conventional
Concessions$7,000
Source: SparkMLS
Tax Information
Annual Tax$4,698
Tax Year2026
State Equalized Value$160,500
Taxable Value$93,446
Assessed Value$93,446
Parcel #411431378012
Source: Public Records
Legal Description
LOT 28* GRAFF ADDITION
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Roger Ackerman
Keller Williams GR North
Frequently Asked Questions about 1046 1048 Lafayette Avenue SE, Grand Rapids, MI 49507
What school district is 1046 1048 Lafayette Avenue SE, Grand Rapids, MI 49507 in?
Per MLS# 26022546, this property is served by Grand Rapids. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What type of financing is accepted for this listing?
Per MLS# 26022546, the seller has indicated this property accepts the following financing types: Cash, Conventional. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 26022546, the most recent reported annual property tax for 1046 1048 Lafayette Avenue SE, Grand Rapids, MI 49507 is $4,698 (2026). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 1046 1048 Lafayette Avenue SE, Grand Rapids, MI 49507 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 1046 1048 Lafayette Avenue SE, Grand Rapids, MI 49507 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: DTE Gas Company. Confirm service details directly with providers.
How safe is this area?
For crime and public safety data, we recommend inquiring directly with the City of Grand Rapids police department or the Kent County sheriff's office.
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Monthly payment$2,432
Principal & interest$2,432
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Consumers Energy Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
1046 1048 Lafayette Avenue SE, Grand Rapids, MI 49507
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Municipality
Grand Rapids
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