201 Lafayette Avenue NE, Grand Rapids, MI 49503

$449,900

Living room with beautiful woodwork and fireplace with previous tenants

Awesome location close to Colleges and hospital

Property Type: Multi Family Lot Size (sq. ft.): 3,311 Status: Active

Current Price: $449,900 List Date: 4/17/2026 Last Modified: 6/18/2026

Overview

Description

Location, Location, Location! A unique opportunity to own a Heritage Hill duplex just a literal minutes' walk to GRCC, Spectrum Health, Downtown and Martha's Vineyard. Unit 1 is a 4 bed, 2 ½ bath unit featuring many newer updates and lots of original character. There is access to a private patio & 2 stall garage. Unit 2 is a semi studio unit w/private entrance on the 3rd floor accessed from an outside staircase w/ small deck half way up. The large size studio also has updated kitchen and bath. Full size basement provides laundry, storage and potential workout/studio space. You must see this to appreciate the mix of modern convenience and old world character. Would be a great owner occupied property in the main unit with the studio to offset your mortgage. Solid rental history.

Listing Details MLS# 26016231

Location Property Info

County: Kent
Street #: 201
Street Name: Lafayette
Suffix: Avenue
Post Direction: NE
State: MI
Zip Code: 49503
Zip (4): 3306

General Property Info

Lot Measurement: Acres
Lot Square Footage: 3311
Lot Acres: 0.08
Lot Dimensions: 48x69
Year Built: 1910
New Construction: No
Financial Available: No
Cert of Compliance: Yes
Road Frontage: 48
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: Yes
Total Approx. SqFt All Bldgs: 2440
Total Parking Spaces: 2
Waterfront: No
School District: Grand Rapids
Basement: Yes

Tax Info

Tax ID #: 41-14-30-130-014
Taxable Value: 159345
SEV: 201200
For Tax Year: 2026
Seller's Annual Property Tax: 8012
Tax Year: 2025
Spec Assessment & Ty: N/A
Zoning: NA
Homestead %: 0

Remarks Misc

Directions: On NW corner of Lafayette and Lyon. Lafayette between Michigan and Lyon.

Waterfront Options

Water Access Y/N: No

More Information

Access Feat

Accessibility Features: No

Income and Expenses

Gross Op. Inc.: 37800

Unit 1

Unit #: Yes
Unit Description: Unit 1
SqFt: 1836
Occupied: Yes
Monthly Rent: 2000
Bathrooms: 3
Full Baths: 2
Half Baths: Yes
Deck/Patio: Yes
Dishwasher: Yes
Fireplace: Yes
Garage: Yes
Range Oven: Yes
Refrigerator: Yes

Unit 2

Unit #: 2
Unit Description: Unit 2
SqFt: 604
Occupied: Yes
Monthly Rent: 1150
Bathrooms: Yes
Full Baths: Yes
Range/Oven: Yes
Refrigerator: Yes
Sep. Heat System: Yes

Location & Property Info

Cross Streets: Lyon and Michigan
Property Sub-Type: 2 to 4 Units
Municipality: City of Grand Rapids

Office/Contract Info

Auction or For Sale: For Sale
List Price/SqFt: 184.39

Remarks & Misc

Public Remarks: Location, Location, Location! A unique opportunity to own a Heritage Hill duplex just a literal minutes' walk to GRCC, Spectrum Health, Downtown and Martha's Vineyard. Unit 1 is a 4 bed, 2 ½ bath unit featuring many newer updates and lots of original character. There is access to a private patio & 2 stall garage. Unit 2 is a semi studio unit w/private entrance on the 3rd floor accessed from an outside staircase w/ small deck half way up. The large size studio also has updated kitchen and bath. Full size basement provides laundry, storage and potential workout/studio space. You must see this to appreciate the mix of modern convenience and old world character. Would be a great owner occupied property in the main unit with the studio to offset your mortgage. Solid rental history.
Legal: S 48 FT OF LOT 10 BLK 11* KENDALL S ADDITION

Lot Description

Corner Lot: Yes
Sidewalk: Yes

Street Type

Paved: Yes
Public: Yes

Util Avail at Street

Storm Sewer: Yes

Utilities Attached

Electricity Connected: Yes
Natural Gas Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Terms Available

Cash: Yes
Conventional: Yes

Mineral Rights

Unknown: Yes

Exterior Material

Wood Siding: Yes

Roofing

Composition: Yes
Rubber: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Heat Type

Forced Air: Yes

Air Conditioning

None: Yes

Tenant Pays

Trash: Yes

Driveway

Paved: Yes

Substructure

Full: Yes

Extras

Garages: Yes
Laundry Facility: Yes
Tenant Storage: Yes

Owner Pays

Electricity: Yes
Gas: Yes
Sewer: Yes
Water: Yes

Possession

Close Of Escrow: Yes

Property Features

Exterior Material: Wood Siding Roofing: Composition; Rubber Substructure: Full Lot Description: Corner Lot; Sidewalk Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected; Natural Gas Connected Util Avail at Street: Storm Sewer Extras: Garages; Laundry Facility; Tenant Storage Owner Pays: Electricity; Gas; Sewer; Water Tenant Pays: Trash Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: None Driveway: Paved Street Type: Paved; Public Mineral Rights: Unknown Terms Available: Cash; Conventional Possession: Close Of Escrow Sale Conditions: None Unit 1: Deck/Patio; Dishwasher; Fireplace; Garage; Range Oven; Refrigerator Unit 2: Range/Oven; Refrigerator; Sep. Heat System

Listing Office: Five Star Real Estate (E. Division)

Listing Agent: Linda M Tanis

Last Updated: June - 18 - 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.

201 Lafayette Avenue NE, Grand Rapids, MI 49503 (MLS# 26016231)