$376,000
$24K PRICE DROP

556 Lyon St NE Grand Rapids, MI 49503

Heritage Hill Neighborhood

Estimated payment $2,170/month

Total Views 3,397
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating and Cooling System
  • High Speed Internet

About This Home

Welcome to a wonderful opportunity to be an owner occupant, living in the remodeled lower unit and having the renter upstairs paying your mortgage! Or, a purchaser can buy the property to rent out the top and bottom. The lower unit has an updated kitchen and bathroom, eating area, living room, 2 bedrooms, and laundry. The upper unit has a separate entrance with a kitchen, eating area, living room, laundry, full bath and 2 bedrooms. Other perks: Swanstone Shower from Williams Kitchens and Baths with a new Hansgrohe Shower System, close distance to many stores and restaurants, super close to medical mile and downtown Grand Rapids, and major highways. Call for your private showing today!

Listing Agent

Doug Takens

Independence Realty (Main) License #6501343127 Listed on: 10/07/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,306

Year Built

  • Built in 1880

Lot Details

  • 4,182 Sq Ft Lot
  • Lot Dimensions are 47x89

Parking

  • 2 Parking Spaces

Home Design

  • Shingle Siding

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Laundry on main level
  • Basement Fills Entire Space Under The House

Community Details

  • 2 Units

Listing and Financial Details

  • The owner pays for water, sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,306

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1880
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 47x89
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Zoning3: RES
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Air Conditioning:Wall Unit(s): Yes
  • Laundry Features Main Level: Yes
  • Laundry Features Upper Level: Yes
  • Util Avail at Street Electricity Available: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Util Avail at Street Cable Available: Yes
  • Utilities Attached Cable Connected: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Shingle Siding
  • List Price: 376000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Shingle Siding: Yes

Garage/Parking

  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0

Utilities

  • Cooling: Central Air, Wall Unit(s)
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: Main Level, Upper Level
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Cable Connected
  • Heat Source:Electric2: Yes

Lot Info

  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Dimensions: 47x89
  • Lot Size Sq Ft: 4182.0
  • Zoning Description: RES

Rental Info

  • Owner Pays: Water, Sewer
  • Tenant Pays: Electric, Trash, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2305.98
  • Tax Year: 2025

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $2,163 $137,500 $0 $0
2024 $2,163 $130,000 $0 $0
2023 $2,146 $114,100 $0 $0
2022 $2,039 $98,400 $0 $0
2021 $1,987 $97,000 $0 $0
2020 $1,921 $91,000 $0 $0
2019 $1,906 $56,100 $0 $0
2018 $1,906 $50,800 $0 $0
2017 $1,860 $45,800 $0 $0
2016 $1,832 $37,700 $0 $0
2015 $1,745 $37,700 $0 $0
2013 -- $33,900 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/22/2025 10/22/25 Price Changed $376,000 -6.0% --
10/07/2025 10/07/25 For Sale $399,900 -- --
Source: MichRIC

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed $2,500 None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Sheriffs Deed $156,277 None Available
Quit Claim Deed -- None Available
Sheriffs Deed $98,158 None Available
Warranty Deed $100,000 None Available
Land Contract -- Fatic
Warranty Deed $12,900 --
Deed $100 --
Warranty Deed $12,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $130,000 Purchase Money Mortgage
Source: Public Records

Source: MichRIC

MLS Number: 25051513

MichRIC

APN: 41-14-30-252-025

Michigan Kent County Grand Rapids 49503 Heritage Hill

556 Lyon St NE, Grand Rapids, MI

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MichRIC Information is deemed reliable but not guaranteed.
Copyright 2025 MichRIC, LLC. All rights reserved.

Nearby Homes
Doug Takens
Listing Agent
Doug Takens
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Independence Realty (Main)
(616) 935-1176