321 Madison Avenue Se, Grand Rapids, MI 49503

$465,000
  • 321 Madison Avenue Se, Grand Rapids, MI 49503 Main Photo

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Active
BEDS0 BATHS MLS#26055977
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLGrand Rapids

Property Description

This well-positioned, affordable Heritage Hill triplex pairs recent updates with an exceptional location near downtown Grand Rapids, the Wealthy Street corridor, and Cherry Streets shops and restaurants. Currently owner-occupied, the main residence features original millwork, oak floor, fireplace, large airy living room, formal dining, 1.5 bathrooms, and a recently refinished front room with inviting views of beautiful Madison Avenue. Two upstairs apartments?a studio with a walk-up attic and a one-bedroom?are home to long-term tenants and generate combined rental income of over $2,000 per month. The basements exceptionally tall ceilings offer potential for a workshop or creative space, while the backyard provides room for recreation and a deep concrete parking pad. Its hilltop setting offers an open view of the sky, perfect for watching sunsets and storms roll in. A bus stop and shared scooter access at the end of the street add convenient transportation options to Downtown & Uptown.

321 Madison Avenue Se | MLS# 26055977

This multi-family property located at 321 Madison Avenue Se, Grand Rapids, MI 49503 is currently listed for sale with an asking price of $465,000. Madison Avenue Se is located within the Grand Rapids school district. Search Grand Rapids real estate on www.darrellrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Full
Cooling: Window Unit(s)
Heating: Forced Air, Wall Furnace
Lot Size: 0.17 Acres
Roof Type: Composition
Taxes: $9,046
Year Built: 1880

Feature Descriptions

Days on Site: 8
Exterior: Stone, Wood Siding
Laundry: Common Area, Laundry Room
Lot Dimensions: 51x149
Owner Pays: Trash Collection, Electricity, Water, Sewer
Parcel Number: 41-14-30-381-045
Parking: Paved
Parking Total: 3
Road Surface: Paved
Sewer: Public Sewer
Sub Type: 2 to 4 Units
Tenant Pays: Gas
Units: 3
Utilities: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected, Storm Sewer

Local Schools

School District: Grand Rapids

Listed By / Shown By

Listed By

Agency Name: Grand River Realty
Agent Name: Pete J Bruinsma
Agency Phone: 616-389-0881

agent picture

Shown By

Agent Name: Darrell Blausey
Agent Phone: (419) 351-1525
Agency Title: Key Realty

IDX logoThe property comes from the Member MLS's of the Michigan Regional Information Center, LLC (MichRIC). Copyright 2026 Michigan Regional Information Center, LLC (MichRIC). All rights reserved. Information deemed reliable, but not guaranteed. Data Last Updated 10/29/2026.

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Estimated Payment

$ 3,490.54 per month $2,601.08 Principal & Interest $753.83 Property Tax $135.63 Homeowner's Insurance

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