$254,900
SOLD JUN 13, 2025

506 S Bridge St Grand Ledge, MI 48837

-- Bed
-- Bath
2,056 Sq Ft
9,148 Sq Ft Lot

Recently Sold

$124 Per Sq Ft

4% Below List Price

13 Days on Market

Highlights

  • 1 Car Attached Garage
  • Forced Air Heating System
  • 4-minute walk to Bridge Street Plaza
  • Leon W. Hayes Middle School Rated A-

About This Home

As of June 2025

Great investment opportunity near downtown Grand Ledge! 3 unit rental property. Many new features include new kitchen and bathroom flooring and vanity in Unit 504.5. Newer appliances in Unit 506 and Unit 504. Brand new washer and dryer in Unit 504.5. Refinished both front and back decks. Fresh paint throughout. Tenant leases are month to month. Monthly rent for Unit 504.5 is $575; Unit 506 is $1000. Unit 504 is $850. Landlord is currently paying for water and all utilities for tenants. However, Unit 504 is paying their own electric bill. Unit 506 has gas meter and electric meter (completely separate from all others). Unit 504 has electric meter and gas meter; however, it has a furnace and water heater that is shared with Unit 504.5. Unit 504 is vacant now. The gas meter is on the account for Unit 504. Unit 504.5 has electric meter (tenant is paying). TENANT OCCUPIED. 48 HR NOTICE.

Last Agent to Sell the Property

Gary Newton

RE/MAX Real Estate Professionals License #6506045750 Listed on: 04/29/2025

RE/MAX Real Estate Professionals

Last Buyer's Agent

Jamie Bates

RE/MAX Real Estate Professionals Dewitt

RE/MAX Real Estate Professionals Dewitt

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,656

Year Built

  • Built in 1925

Lot Details

  • 9,148 Sq Ft Lot

Parking

  • 1 Car Attached Garage
  • Driveway

Home Design

  • Vinyl Siding

Interior Spaces

  • 2,056 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Laundry in unit

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 3 Units
  • Net Operating Income $29,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,656

Year Built

Built in 1925

Lot Details

0

Parking

1

Listing Details

  • Net Income: 29100.0
  • Tax Year: 2024
  • Misc Business Info Overall Building Siz: 2,056
  • Levels: Two
  • Year Built: 1925
  • Lot Size Acres: 0.21
  • Lot Size: undefinedxundefined
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 2056.0
  • General Property Info:Lot Size Dimensions: undefinedxundefined
  • General Property Info:Above Grade Finished Area: 2056.0
  • Levels:Two2: Yes
  • General Property Info:Spa2: No
  • General Property Info:Waterfront: No
  • Laundry Features:Inside: Yes
  • Sewer:Public Sewer: Yes
  • Exterior:Vinyl Siding: Yes
  • General Property Info:Pool Private2: No
  • Cooling:None8: Yes
  • Tax Info:Taxes2: 2656.0
  • Tax Info:Zoning3: Residential
  • General Property Info:Building 1 Description: 3 Units MultiFamily Home
  • General Property Info:_pound_ of Units: 3
  • Misc Business Info Zoning5: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Heating: Forced Air, Natural Gas
  • Property Type: Resid/Multi-Family
  • Private Spa: No
  • Full Basement: Yes
  • Laundry Features:In Unit: Yes

Exterior Features

  • Pool Private: No
  • Waterfront: No
  • Construction Type: Vinyl Siding

Garage/Parking

  • Total Parking Spaces: 3.0
  • Parking Features: Attached, Driveway, Garage
  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features:Attached: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:Garage2: Yes
  • General Property Info:Parking Total: 3
  • Parking Features:Garage Spaces2: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • LaundryFeatures: In Unit, Inside
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Schools

  • Junior High Dist: Grand Ledge

Lot Info

  • Lot Size Sq Ft: 9147.6
  • Zoning Description: Zoning

Multi Family

  • Number Of Units Total: 3
  • Property Net Operating Income: 29100.0

Tax Info

  • Tax Carrier Route: 1504

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2025 06/13/25 Sold $254,900 0.0% $124 / Sq Ft
05/09/2025 05/09/25 Price Changed $254,900 -3.8% $124 / Sq Ft
04/29/2025 04/29/25 For Sale $264,900 +70.9% $129 / Sq Ft
07/05/2022 07/05/22 Sold $155,000 +10.8% $75 / Sq Ft
06/10/2022 06/10/22 For Sale $139,900 +497.9% $68 / Sq Ft
11/20/2012 11/20/12 Sold $23,400 -48.0% $11 / Sq Ft
10/09/2012 10/09/12 Pending -- -- --
04/21/2012 04/21/12 For Sale $45,000 -- $22 / Sq Ft
Source: Greater Lansing Association of Realtors®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Gary Newton

    Seller's Agent in 2025

    Gary Newton

    RE/MAX Michigan

    (517) 410-8307

    33 in this area

    703 Total Sales

    Gary Newton
    Section Image
  • Jamie Bates

    Buyer's Agent in 2025

    Jamie Bates

    RE/MAX Michigan

    (517) 624-2729

    15 in this area

    337 Total Sales

    Jamie Bates
    Section Image
  • Seirra McNamara

    Buyer Co-Listing Agent in 2025

    Seirra McNamara

    RE/MAX Michigan

    (989) 289-6416

    5 in this area

    41 Total Sales

    Seirra McNamara
    Section Image

  • B

    Seller's Agent in 2022

    Brandon Frost

    Mara Realty

    2 in this area

    70 Total Sales

    Brandon Frost
    Section Image

  • M

    Seller Co-Listing Agent in 2022

    Mara Tomic-Bobas

    Mara Realty

    (517) 410-8064

    3 in this area

    82 Total Sales

    Mara Tomic-Bobas
    Section Image

  • N

    Buyer's Agent in 2022

    Non Member

    Non Member Office

See All Agents

Map

Source: Greater Lansing Association of Realtors®

MLS Number: 287668

Greater Lansing Association of Realtors®

APN: 400 061 656 020 00

Michigan Eaton County Grand Ledge 48837

506 S Bridge St, Grand Ledge, MI

This home is located at 506 S Bridge St, Grand Ledge, MI 48837 and is currently priced at $254,900, approximately $123 per square foot. This property was built in 1925. 506 S Bridge St is a home located in Eaton County with nearby schools including Beagle Middle School, Leon W. Hayes Middle School, and Grand Ledge High School.

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