1405 Lafayette Ave SE Grand Rapids, MI 49507
Southeast Community Association NeighborhoodEstimated payment $1,787/month
Highlights
- 1 Fireplace
- Forced Air Heating System
- Level Lot
About This Home
Updated and highly desirable 2 unit rental in SE Grand Rapids! Identical side-by-side 3 bed 1.5 bath units. Highlights include beautiful brick and cement front porch, separated back decks, and updated bathrooms. Both units have original woodwork and hardwood floors. Great for entertaining. Also, each unit has its own full basement with laundry and lots of storage. New windows in 2025 and new siding in October of 2024. North unit is occupied - start cash flowing immediately. South unit is move in ready. Strong rental history. Ideal location with easy access to US 131 and near Garfield Park. Don't miss out on this great investment opportunity. Schedule your showing today! Seller has directed listing broker to hold all offers until 12:00 noon Monday 8/25/25.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,143
Year Built
- Built in 1912
Lot Details
- 4,661 Sq Ft Lot
- Lot Dimensions are 41x114
- Level Lot
Parking
- 2 Parking Spaces
Home Design
- Brick Exterior Construction
- Composition Roof
- Vinyl Siding
Interior Spaces
- 1 Fireplace
- Basement Fills Entire Space Under The House
- Laundry on lower level
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Cable TV Available
Community Details
- 2 Units
Listing and Financial Details
- The owner pays for water, sewer
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,024 | $142,000 | $0 | $0 |
| 2024 | $3,024 | $131,800 | $0 | $0 |
| 2023 | $2,890 | $118,000 | $0 | $0 |
| 2022 | $2,851 | $97,500 | $0 | $0 |
| 2021 | $2,777 | $87,700 | $0 | $0 |
| 2020 | $2,684 | $74,500 | $0 | $0 |
| 2019 | $2,749 | $61,300 | $0 | $0 |
| 2018 | $2,664 | $50,300 | $0 | $0 |
| 2017 | $2,703 | $35,000 | $0 | $0 |
| 2016 | $1,597 | $30,000 | $0 | $0 |
| 2015 | $2,607 | $30,000 | $0 | $0 |
| 2013 | -- | $28,600 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/21/2025 08/21/25 | For Sale | $279,900 | +105.8% | -- |
| 08/30/2017 08/30/17 | Sold | $136,000 | -2.8% | -- |
| 08/13/2017 08/13/17 | Pending | -- | -- | -- |
| 07/20/2017 07/20/17 | For Sale | $139,900 | +366.3% | -- |
| 07/29/2016 07/29/16 | Sold | $30,000 | +57.9% | -- |
| 06/20/2016 06/20/16 | Pending | -- | -- | -- |
| 06/16/2016 06/16/16 | For Sale | $19,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $136,000 | Essential Title Agency Llc | |
| Warranty Deed | $30,000 | First American Title Ins Co | |
| Warranty Deed | $19,000 | -- | |
| Warranty Deed | $13,000 | -- | |
| Deed | $5,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $102,000 | New Conventional | |
| Previous Owner | $216,802 | Commercial |
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 25042490
APN: 41-18-06-127-064
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