$264,900

506 S Bridge St Grand Ledge, MI 48837

$3,146
Closing credit¹
0.2 acres
Multi-Family

Property details

About 506 S Bridge St

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. The gas meter is on the account for Unit 504. Unit 504.5 has electric meter (tenant is paying). TENANT OCCUPIED. 48 HR NOTICE.

Highlights

Home typeMulti Family
HeatingForced Air, Natural Gas
StatusComing Soon
BasementYes
Lot size0.21 Acres
Year built1925
ParkingAttached, Driveway, Garage
MLS #287668
Attached garage1 space
Active DateMay 02, 2025

Summary

  • MLS Number: 287668
  • MLS Name: Greater Lansing Association of REALTORS®
  • Office Name: RE/MAX Real Estate Professionals
  • Office Phone: (517) 339-8255
  • Office Email: alex@remaxlansing.com
  • Listing Agent: Gary R. Newton

IDX Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.

Copyright © 2025 Greater Lansing Association of REALTORS®. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/27/2025, 12:50:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Get an agent. Get a mortgage. Save big.¹

farmhouse with a porch and a front lawn

$264,900

506 S Bridge St

$3,146

closing credit¹

Sell your home with Rocket and save even more!

Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Jul 05, 2022
Home Sold
$155,000
Nov 21, 2012
Home Sold
$23,400
Jul 03, 2006
Home Sold
$160,000

Tax history

YearAssessmentProperty Tax
2024$82,800$8,784
2023$82,800$15,396
2022$83,700$9,730
2021$82,000$9,730
2020$78,100$4,638
2019$74,600$4,412
2018$71,700$3,567
2017$71,700$3,580

History based on county public records data.

Nearby schools

6

Kenneth T Beagle Elementary School

Public District 1-6

0.5 mi

600 W South St

9

Willow Ridge Elementary School

Public District 1-6

2.5 mi

12840 Nixon Rd

5

Delta Center Elementary School

Public District 1-6

4.7 mi

305 S Canal Rd

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $77,764. Residents of Grand Ledge, MI typically earn between $35k-100k each year. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.

How much money do the neighbors make?

20%
<35k
56%
35k-100k
24%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

41%
Single, No Kids
17%
Single, with Kids
26%
Married, No Kids
16%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

15%
<11 yrs old
9%
12-17 yrs old
26%
18-34 yrs old
40%
35-64 yrs old
10%
65+ yrs old

What do the neighbors do for fun?

  • Extreme SportsExtreme Sports
  • Pro WrestlingPro Wrestling
  • NASCARNASCAR

Where do the neighbors shop?

  • Academy Sports & OutdoorsAcademy Sports & Outdoors
  • Family DollarFamily Dollar
  • Dollar GeneralDollar General

Where do the neighbors go to eat?

  • Little CaesarsLittle Caesars
  • Dominos PizzaDominos Pizza
  • Cracker BarrelCracker Barrel

What do the neighbors drive?

  • ChevroletChevrolet
  • FordFord
  • RamRam

What do the neighbors listen to?

  • CountryCountry
  • New CountryNew Country
  • Classic CountryClassic Country
All data provided by Home Junction and Claritas

This home is located at 506 S Bridge St in Grand Ledge, MI and zip code 48837. Features: 0 bathroom. It has been listed on Rocket Homes since April 25, 2025 and is currently priced at $264,900.

Over 3 listings were sold over their listed price in March 2025 in Grand Ledge, MI. In the same period over 3 listings were sold below the listed price and 1 listings were sold for the listed price. The number of listings in Grand Ledge, MI remained the same between February and March 2025. While the average time on the market in March 2025 was 14 days, the median list price was $315,000.

From Rocket Homes Real Estate and based on county public records data.

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