Seller's Agent in 2025
Gary Newton
RE/MAX Michigan
(517) 410-8307
29 in this area
691 Total Sales
506 S Bridge St Grand Ledge, MI 48837
--
Bed
--
Bath
2,056
Sq Ft
9,148
Sq Ft Lot
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 2025Great 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
RE/MAX Real Estate Professionals License #6506045750 Listed on: 04/29/2025
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
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 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 | View Prior Sale |
| 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 | View Prior Sale |
| 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
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 | $3,994 | $93,900 | $0 | $0 |
| 2024 | $2,656 | $82,800 | $0 | $0 |
| 2023 | $2,694 | $82,800 | $0 | $0 |
| 2022 | $5,132 | $83,700 | $0 | $0 |
| 2021 | $4,930 | $82,000 | $0 | $0 |
| 2020 | $4,865 | $78,100 | $0 | $0 |
| 2019 | $4,638 | $145,586 | $0 | $0 |
| 2018 | $4,428 | $71,700 | $0 | $0 |
| 2017 | $4,412 | $71,700 | $0 | $0 |
| 2016 | $3,568 | $70,800 | $0 | $0 |
| 2015 | -- | $70,700 | $0 | $0 |
| 2014 | -- | $70,100 | $0 | $0 |
| 2013 | -- | $69,700 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Gary Newton
-
Jamie Bates
Buyer's Agent in 2025
Jamie Bates
RE/MAX Michigan
(517) 624-2729
13 in this area
337 Total Sales
-
Seirra McNamara
Buyer Co-Listing Agent in 2025
Seirra McNamara
RE/MAX Michigan
(989) 289-6416
5 in this area
41 Total Sales
-
Brandon Frost
B
Seller's Agent in 2022
Brandon Frost
Mara Realty
2 in this area
66 Total Sales
-
Mara Tomic-Bobas
M
Seller Co-Listing Agent in 2022
Mara Tomic-Bobas
Mara Realty
(517) 410-8064
3 in this area
76 Total Sales
-
N
Buyer's Agent in 2022
Non Member
Non Member Office
Map
Source: Greater Lansing Association of Realtors®
MLS Number: 287668
APN: 400 061 656 020 00
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Copyright © 2025 Greater Lansing Association of REALTORS®
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