145 Lafayette St, Ionia, MI, 48846
About This Home
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!
Getting Around
Somewhat Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1900
Materials
- Roof: Composition
- Construction materials: Vinyl Siding
Type & Style
- Home type: MultiFamily
- Property subType: 2 to 4 Units
Interior
Basement
- Has basement: Yes
- Basement: Michigan Basement
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 3
Heating & Cooling
- Heating features: Forced Air
- Cooling features: None
Interior Area
- Total interior livable area: 1,908 sqft
Property
Details
- Parcel number: 20323000011500
- Zoning description: RES
Lot
- Lot size: 6,098 sqft
- Lot size dimensions: 47 x 132
Parking
- Total spaces: 3
- Parking features: Paved
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Strong Wind
- Tornado
- Cold Wave
- Hail
- Inland Flooding
- Ice Storm
How This Home’s Risks Compare
FEMA Declared Disasters in Ionia County and Michigan
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,339 | $16,068 |
| Home Insurance * | $159 | $1,908 |
| Property Taxes | $220 | $2,640 |
| Electricity | $208 | $2,497 |
| Total | $1,926 | $23,112 |
Income You'd Need if You Spent...
Michigan FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-22 | Price change | $264,900 |
| 2026-06-25 | Price change | $274,900 |
| 2026-06-11 | Listed for sale | $299,900 |
| 2023-10-17 | Sold | $170,000 |
| 2023-08-01 | Pending sale | $170,000 |
| 2023-07-20 | Listed for sale | $170,000 |
| 2020-01-06 | Listing removed | $168,900 |
| 2019-10-27 | Price change | $168,900 |
| 2019-10-14 | Price change | $174,900 |
| 2019-09-30 | Price change | $177,400 |
| 2019-09-11 | Listed for sale | $179,900 |
| 2019-02-06 | Sold | $86,500 |
| 2018-09-07 | Listed for sale | $99,000 |
| 2018-07-03 | Listing removed | $119,900 |
| 2018-06-13 | Listed for sale | $119,900 |
| 2014-07-30 | Listing removed | $47,000 |
| 2013-02-26 | Sold | $49,000 |
| 2012-07-24 | Price change | $47,000 |
| 2012-05-02 | Price change | $49,000 |
| 2011-06-03 | Listed for sale | $56,500 |
| 2011-04-01 | Listing removed | $56,500 |
| 2010-05-08 | Price change | $56,500 |
| 2009-11-27 | Price change | $59,900 |
| 2009-11-18 | Price change | $56,500 |
| 2009-09-29 | Price change | $59,900 |
| 2009-09-26 | Listed for sale | $56,500 |
| 2009-05-23 | Listing removed | $59,900 |
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