Pending
556 Lafayette Avenue SE, Grand Rapids, MI 49503
$450,000
MLS # 26017303 (Michigan Regional Information Center (MichRIC))
5 beds2 baths2,638 sqftBuilt 18900.17 acres
1 / 44
Listing 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.
Source: SparkMLS
About this home
5-bedroom, 2-bath, 2,638 sq ft home in Grand Rapids in Grand Rapids built in 1890.
Asking $450,000 (about $171/sq ft).
Property tax estimate: $7,266 per year ($606/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 TypeResidential
Property SubtypeSingle Family Residence
Bedrooms5
Bathrooms2
Living Area2,638 sqft
Lot Size0.17 acres
Year Built1890
Stories2
Location
CityGrand Rapids
MunicipalityCity of Grand Rapids
Zip Code49503
CountyKent
School DistrictGrand Rapids
Construction & Systems
StyleVictorian
ConstructionWood Siding
BasementFull
HeatingForced Air
WaterPublic
SewerPublic
UtilitiesPhone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Storm Sewer
InteriorCeiling Fan(s), Broadband, Pantry
Sale & Financing
Listed4/22/2026
Terms AcceptedCash, FHA, VA Loan, MSHDA, Conventional, Assumable
Source: SparkMLS
Tax Information
Annual Tax$7,266
Tax Year2025
State Equalized Value$177,200
Taxable Value$144,519
Assessed Value$140,720
Parcel #411431134012
Source: Public Records
Legal Description
LOT 23 BLK 4* J PENNEY S ADDITION* BEING PART OF E 1/2 OF NW 1/4 SEC 31-7-11
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Matthew Luce
Real5
Frequently Asked Questions about 556 Lafayette Avenue SE, Grand Rapids, MI 49503
What school district is 556 Lafayette Avenue SE, Grand Rapids, MI 49503 in?
Per MLS# 26017303, this property is served by Grand Rapids. In Michigan, school district boundaries are set by the state and do not always follow city limits.
Can I use FHA or VA financing for this property?
Per MLS# 26017303, the seller has indicated this property accepts the following financing types: Cash, FHA, VA Loan, MSHDA, Conventional, Assumable. 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# 26017303, the most recent reported annual property tax for 556 Lafayette Avenue SE, Grand Rapids, MI 49503 is $7,266 (2025). 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 556 Lafayette Avenue SE, Grand Rapids, MI 49503 eligible for USDA financing?
Per USDA Rural Development boundary data, 556 Lafayette Avenue SE, Grand Rapids, MI 49503 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 556 Lafayette Avenue SE, Grand Rapids, MI 49503 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. Sewer: Public. Water: Public. 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.
Map
Mortgage Calculator
$
%
$
$
$
Monthly payment$2,919
Principal & interest$2,919
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
556 Lafayette Avenue SE, Grand Rapids, MI 49503
View full property history →
Municipality
Grand Rapids
View all listings →
Get email alerts for new listings near 556 Lafayette Avenue SE
We'll notify you when something hits the market in Grand Rapids or nearby.
Munro Real Estate · MI Broker #6502405404 · No spam, one-click unsubscribe.