For Sale
145 Lafayette Street, Ionia, MI 48846
$299,900
MLS # 26028658 (Michigan Regional Information Center (MichRIC))
3 unitsBuilt 19000.14 acres
1 / 28
Listing Description
Investment and/or Owner Occupied Opportunity Alert! Current rents $1250 & $1100, with owner occupying the 3rd unit, potential to earn $3,000/month. Rare and outstanding opportunity to own an income-producing triplex in a convenient location close to downtown! All three units have been updated, offering modern appeal for tenants and reduced maintenance concerns. Updated windows and siding add even more value to this turnkey property. Whether you're looking to expand your investment portfolio or live in one unit while generating income from the others, this property offers flexibility and excellent cash flow potential. Opportunities like this do not come around often!
Source: SparkMLS
About this home
Asking $299,900.
Property tax estimate: $3,481 per year ($290/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.
Listing Property Details
Property TypeMulti Family
Property Subtype2 to 4 Units
Bathrooms0
Lot Size0.14 acres
Year Built1900
Location
CityIonia
MunicipalityIonia City
Zip Code48846
CountyIonia
School DistrictIonia
Construction & Systems
ConstructionVinyl Siding
BasementMichigan Basement
HeatingForced Air
UtilitiesPhone Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
Sale & Financing
Listed6/10/2026
Terms AcceptedVA Loan, FHA, Cash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$3,481
Tax Year2026
Assessed Value$91,608
Parcel #203-230-000-115-00
Source: SparkMLS
Legal Description
CITY OF IONIA SUP. WILLIAMS ADD LOT 28
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 Garrett B Kirby
Five Star Real Estate (Walker)
Frequently Asked Questions about 145 Lafayette Street, Ionia, MI 48846
What school district is 145 Lafayette Street, Ionia, MI 48846 in?
Per MLS# 26028658, this property is served by Ionia. 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# 26028658, the seller has indicated this property accepts the following financing types: VA Loan, FHA, Cash, Conventional. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 26028658, the most recent reported annual property tax for 145 Lafayette Street, Ionia, MI 48846 is $3,481 (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 145 Lafayette Street, Ionia, MI 48846 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, 145 Lafayette Street, Ionia, MI 48846 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: Consumers Energy Company. Confirm service details directly with providers.
How safe is this area?
For crime and public safety data, we recommend inquiring directly with the Ionia City police department or the Ionia County sheriff's office.
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Mortgage Calculator
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Monthly payment$1,945
Principal & interest$1,945
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Consumers Energy Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
145 Lafayette Street, Ionia, MI 48846
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Municipality
Ionia
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