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.
Sold for $254,900
$254,900
506 S Bridge St, Grand Ledge, MI 48837
5beds
3baths
--sqft
MultiFamily
Built in 1925
-- sqft lot
$304,300 Zestimate®
$--/sqft
$1,341 Estimated rent
Home value
$304,300
$280,000 - $329,000
$1,341/mo
Zestimate® history
Owner options
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$1,341/mo
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$1,341/mo
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$1,633/mo
Est. payment
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$1,633/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Gary R. Newton 517-410-8307,
RE/MAX Real Estate Professionals
Bought with:
Jamie Bates Homes
RE/MAX Real Estate Professionals Dewitt
RE/MAX Real Estate Professionals Dewitt
Source: Greater Lansing AOR,MLS#: 287668
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Heating
- Forced Air, Natural Gas
Cooling
- None
Appliances
- Laundry: In Unit, Inside
Features
- Basement: Full
- Has fireplace: No
Interior area
- Finished area above ground: 2,056
Property
Parking
- Total spaces: 3
- Parking features: Attached, Driveway, Garage
- Attached garage spaces: 1
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
Lot
- Size: 9,147 sqft
Details
- Parcel number: 2340006165602000
- Zoning description: Zoning
Construction
Type & style
- Home type: MultiFamily
Materials
- Vinyl Siding
Condition
- Year built: 1925
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Grand Ledge
- Subdivision: None
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 6/13/2025 | Sold | $254,900 |
Source:  Greater Lansing AOR #287668 Report a problem | ||
| 5/13/2025 | Contingent | $254,900 |
Source: Greater Lansing AOR #287668 Report a problem | ||
| 5/9/2025 | Price change | $254,900-3.8% |
Source: Greater Lansing AOR #287668 Report a problem | ||
| 4/29/2025 | Listed for sale | $264,900+70.9% |
Source: Greater Lansing AOR #287668 Report a problem | ||
| 7/5/2022 | Sold | $155,000+10.8% |
Source: Greater Lansing AOR #265736 Report a problem | ||
| 6/14/2022 | Contingent | $139,900 |
Source: Greater Lansing AOR #265736 Report a problem | ||
| 6/9/2022 | Listed for sale | $139,900+497.9% |
Source: Greater Lansing AOR #265736 Report a problem | ||
| 11/21/2012 | Sold | $23,400 |
Source: Public Record Report a problem | ||
| 10/4/2012 | Price change | $23,400-18.8% |
Source: Coldwell Banker Hubbell BriarWood #36327 Report a problem | ||
| 9/26/2012 | Listed for sale | $28,800 |
Source: Coldwell Banker Hubbell BriarWood #36327 Report a problem | ||
| 8/21/2012 | Listing removed | $28,800 |
Source: Coldwell Banker Hubbell Briarwood #36327 Report a problem | ||
| 8/3/2012 | Price change | $28,800-15.8% |
Source: Coldwell Banker Hubbell BriarWood #36327 Report a problem | ||
| 7/19/2012 | Price change | $34,200-13.6% |
Source: Coldwell Banker Hubbell BriarWood #36327 Report a problem | ||
| 6/21/2012 | Price change | $39,600-12% |
Source: Coldwell Banker Hubbell BriarWood #36327 Report a problem | ||
| 4/20/2012 | Listed for sale | $45,000-61.2% |
Source: foreclosure.com Report a problem | ||
| 9/29/2010 | Sold | $115,973-27.5% |
Source: Public Record Report a problem | ||
| 7/3/2006 | Sold | $160,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,994 | $93,900 +13.4% |
| 2024 | -- | $82,800 +1% |
| 2021 | $9,730 +109.8% | $82,000 +5% |
| 2020 | $4,638 | $78,100 -46.4% |
| 2019 | $4,638 | $145,586 +103% |
| 2018 | -- | $71,700 |
| 2017 | -- | $71,700 +1.3% |
| 2016 | -- | $70,800 +0.1% |
| 2015 | -- | $70,700 +0.9% |
| 2014 | -- | $70,100 +0.6% |
| 2013 | -- | $69,700 -5.6% |
| 2011 | -- | $73,800 -0.9% |
| 2010 | -- | $74,500 -4.2% |
| 2009 | -- | $77,780 -6.1% |
| 2008 | -- | $82,800 -11.3% |
| 2007 | -- | $93,340 +6.7% |
| 2006 | -- | $87,500 +3.2% |
| 2005 | -- | $84,790 +2.3% |
| 2004 | -- | $82,920 +19.1% |
| 2002 | -- | $69,600 +10.2% |
| 2001 | -- | $63,130 |
Find assessor info on the county website
Neighborhood: 48837
Nearby schools
GreatSchools rating
- 5/10Kenneth T. Beagle Elementary SchoolGrades: K-4Distance: 0.3 mi
- 9/10Leon W. Hayes Middle SchoolGrades: 7-8Distance: 0.6 mi
- 7/10Grand Ledge High SchoolGrades: 9-12Distance: 0.4 mi
Schools provided by the listing agent
- High: Grand Ledge
Source: Greater Lansing AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$304,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$304,300
- Michigan
- Eaton County
- Grand Ledge
- 48837
- 506 S Bridge St
Nearby cities
Nearby zip codes
Other Grand Ledge Topics
