Grand Rapids, MI 49503 733 Lafayette Avenue NE

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Presented By: Emily Anderson at Greenridge Realty South Haven - (269) 637-8555
  • MLS# 25024555
  • 05/28/2025
  • Get pre-approved
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Home Details

Turnkey duplex with reliable rental income in the heart of the desirable Belknap Lookout neighborhood. Situated on a bus route and just minutes from Medical Mile, downtown, restaurants, and parks, this property offers outstanding access to employers and everyday conveniences. Each unit has its own private entrance and separate utilities—featuring a 3 bed/1 bath upper unit and a 2 bed/1 bath lower unit. Both are currently rented, providing immediate cash flow, with tenants covering electric & gas. Already tenant-occupied and professionally managed, this is a seamless investment opportunity with low-maintenance appeal. Perfect for expanding your portfolio or house-hacking. Financials and tenant estoppels available for serious inquiries. Whether you're expanding your portfolio or looking to offset your mortgage with rental income, this property checks all the boxes.
Presented By: Emily Anderson at Greenridge Realty South Haven - (269) 637-8555

Interior Features for 733 Lafayette Avenue NE

Bathrooms

Total Baths

Other Interior Features

BasementMichigan Basement, Walk-Out Access
Basement (Y/N)Yes
Heating Y/NYes
Interior AmenitiesBroadband
Total Fireplaces1

General for 733 Lafayette Avenue NE

Additional Parcels Y/NNo
CityGrand Rapids
Construction MaterialsVinyl Siding
CountyKent
DirectionsI-196, exit on College Ave, then north. Take Hastings (just north of the freeway) West to Lafayette, then turn Right (North). Property is on the left with on-street parking.
Electric On Property Y/NNo
Gross Income32560.0
HeatingForced Air
High School DistrictGrand Rapids
Land Lease Y/NNo
Lease Renewal Y/NNo
Legal DescriptionLOT 44* MOHRHARD S SECOND SUBDIVISION* OF PART OF LOTS 59 & 60 COIT & CURTIS PARTITION PLAT
Listing TermsCash, Conventional, Tax Def Exchange
Lot Size Square Feet6055.0
Lot Size UnitsAcres
MLS AreaGrand Rapids - G
MLS Area MinorGrand Rapids - G
MobileHomeRemainsYNNo
ModificationTimestamp2025-05-28T20:21:55Z
New ConstructionNo
Number Of Units Total2
Occupancy TypeTenant
OwnerPaysTrash Collection, Water
OwnershipPrivate Owned
PossessionSubject To Tenant Rights
Property Subtype2 to 4 Units
Property TypeMulti Family
Rent Control Y/NNo
RoofComposition
Senior CommunityNone
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameMohrhard S Second Sub
Tax Annual Amount6228.0
Tax Assessed Value123823
Tax Year2025
Tenant PaysElectric, Gas
TownshipCity of Grand Rapids
UtilitiesPhone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected
Year Built1900

Exterior for 733 Lafayette Avenue NE

Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions50x121
Lot Size Acres0.14
Lot Size Area0.14
Number of Buildings1
Open Parking Y/NNo
Road Surface TypePaved
SpaNo
Total Parking1.0
Waterfront Y/NNo

Additional Details

Price History

Geri Rose

Real Estate Broker
Price $299,000
MLS#25024555
List Date 05/28/2025
Property Type Multi-Family
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