145 Lafayette Street, Ionia, MI 48846 (MLS# 26028658)

145 Lafayette Street, Ionia, MI 48846

New Listing

$249,900

Property Type: Multi Family Lot Size (sq. ft.): 6,098 Status: Active

Current Price: $249,900 List Date: 9/02/2026 Last Modified: 9/02/2026

Overview

Description

Investment and/or Owner Occupied Opportunity Alert! Current rents $1250 & $1100, with owner occupying the 3rd unit, potential to earn $3,000/month. Rare and outstanding opportunity to own an income-producing triplex in a convenient location close to downtown! All three units have been updated, offering modern appeal for tenants and reduced maintenance concerns. Updated windows and siding add even more value to this turnkey property. Whether you're looking to expand your investment portfolio or live in one unit while generating income from the others, this property offers flexibility and excellent cash flow potential. Opportunities like this do not come around often!

Listing Details MLS# 26028658

Location Property Info

County: Ionia
Street #: 145
Street Name: Lafayette
Suffix: Street
State: MI
Zip Code: 48846
Zip (4): 1676

General Property Info

Lot Measurement: Acres
Lot Square Footage: 6098
Lot Acres: 0.14
Lot Dimensions: 47x132
Year Built: 1900
New Construction: No
Cert of Compliance: Yes
Road Frontage: 47
Total # Units: 3
# of Diff Unit Floor Plans: 3
Total # Bldgs: Yes
Total Approx. SqFt All Bldgs: 2428
Total Parking Spaces: 3
Waterfront: No
School District: Ionia
Basement: Yes

Tax Info

Tax ID #: 203-230-000-115-00
Taxable Value: 91608
SEV: 106200
For Tax Year: 2026
Seller's Annual Property Tax: 3481
Tax Year: 2025
Homestead %: 100
Spec Assessment & Ty: None known
Zoning: RES

Remarks Misc

Directions: Bluewater Hwy (M-21) past M-66 South to Rich, Right to Lafayette, right to home

Waterfront Options

Water Access Y/N: No

More Information

Access Feat

Accessibility Features: No

Unit 1

Unit #: Yes
Unit Description: A Main Level
SqFt: 770
Occupied: Yes
Monthly Rent: 1100
Bathrooms: Yes
Full Baths: Yes
Range Oven: Yes
Refrigerator: Yes

Unit 2

Unit #: 2
Unit Description: B Upper Unit
SqFt: 850
Occupied: Yes
Monthly Rent: 1250
Bathrooms: Yes
Full Baths: Yes
Range/Oven: Yes
Refrigerator: Yes

Unit 3

Unit #: 3
Unit Description: C- Studio
SqFt: 288
Occupied: Yes
Bathrooms: Yes
Full Baths: Yes
Monthly Rent: 0

Location & Property Info

Cross Streets: Lafayette & Rich
Property Sub-Type: 2 to 4 Units
Municipality: Ionia City

Office/Contract Info

Auction or For Sale: For Sale
List Price/SqFt: 102.92

Remarks & Misc

Public Remarks: Investment and/or Owner Occupied Opportunity Alert! Current rents $1250 & $1100, with owner occupying the 3rd unit, potential to earn $3,000/month. Rare and outstanding opportunity to own an income-producing triplex in a convenient location close to downtown! All three units have been updated, offering modern appeal for tenants and reduced maintenance concerns. Updated windows and siding add even more value to this turnkey property. Whether you're looking to expand your investment portfolio or live in one unit while generating income from the others, this property offers flexibility and excellent cash flow potential. Opportunities like this do not come around often!
Legal: CITY OF IONIA SUP. WILLIAMS ADD LOT 28

Street Type

Paved: Yes
Public: Yes

Util Avail at Street

Cable Available: Yes
Phone Available: Yes

Utilities Attached

Cable Connected: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes
Phone Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Terms Available

Cash: Yes
Conventional: Yes
FHA: Yes
VA Loan: Yes

Mineral Rights

Unknown: Yes

Exterior Material

Vinyl Siding: Yes

Roofing

Composition: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Heat Type

Forced Air: Yes

Air Conditioning

None: Yes

Tenant Pays

None: Yes

Driveway

Paved: Yes

Substructure

Michigan Basement: Yes

Owner Pays

Electricity: Yes
Gas: Yes
Sewer: Yes
Water: Yes

Possession

Close Plus 30 Days: Yes

Property Features

Exterior Material: Vinyl Siding Roofing: Composition Substructure: Michigan Basement Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at Street: Cable Available; Phone Available Owner Pays: Electricity; Gas; Sewer; Water Tenant Pays: None Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: None Driveway: Paved Street Type: Paved; Public Mineral Rights: Unknown Terms Available: Cash; Conventional; FHA; VA Loan Possession: Close Plus 30 Days Sale Conditions: None Unit 1: Range Oven; Refrigerator Unit 2: Range/Oven; Refrigerator

Listing Office: Five Star Real Estate (Walker)

Listing Agent: Garrett B Kirby

Last Updated: September - 02 - 2026

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