1655 Madison Avenue SE
City of Grand Rapids, MI, 49507 $ 299,900
Bedrooms6 Baths0.0 Sq 2,400 Monthly Estimate*
$ 1,894
Multi-Family Home for sale in City of Grand Rapids, MI
for $299,900 with 6 bedrooms. This 2,400 square foot home was built in 1928 on a lot size of 0.17.
More photos coming soon! Investment Opportunity: Side-by-Side Duplex This 3 bedroom, 1.5 bath side-by-side duplex offers a rare turnkey opportunity in a location poised for continued growth. Each unit shares an identical, functional floorplan, ideal for investors who want consistency across a property. The main floor of each unit features a large living area, kitchen, and a convenient half bath. Upstairs, you will find 3 nicely sized bedrooms and a full bathroom. Beautiful hardwood floors and original woodwork run throughout both units, adding character that tenants love. Each lower level offers its own separate space with washer/dryer hookup, keeping the units fully independent. Recent updates add to the value here: 1657 had a new furnace and water heater installed in December 2025, and 1655 was freshly painted in July 2025, both reducing near term maintenance costs for a new owner.Utilities are split between units, with the exception of water, simplifying expense tracking for ownership. Both units are currently occupied on month to month leases with great, long term tenants in place: A new driveway was installed in 2019, and the property offers plenty of off street parking plus additional yard space, both strong tenant draws. With reliable income already in place, low vacancy risk, and a location benefiting from nearby area growth, this duplex is a smart addition to any portfolio. Check it out before it's gone.
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FeaturesGeneralSewer PublicSewer SewerAtStreet
Heating ForcedAir NaturalGas
Utilities ElectricityConnected NaturalGasConnected SewerConnected
Possession CloseOfEscrow
Roof Composition
Construction Materials Brick WoodSiding
Year Built 1928
Property Subtype MultiFamily
Tax Year 2025
Community Features Sidewalks
County Kent
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Garage Y/N N
Status Active
City GrandRapidsCity_Kent
Senior Community Y/N N
High School District GrandRapids
Zoning Description Residential
Number Of Units Total 2
MLS Area Area41142GrandRapids
Lot Size Units SquareFeet
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 5533.49
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Building Area Units SquareFeet
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 108001
Legal Description LOT 1 BLK 1* REYNOLDS & FRANKLIN S ADDITION
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InteriorBasement Full
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Laundry Features InBasement
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ExteriorParking Features Paved
Water Source Public
Total Parking 2.0
Lot Size Area 7187.0
Number of Buildings 1
Spa N
Building Area Total 2400.0
Lot Dimensions 60*120
Lot Size Acres 0.17
Waterfront Y/N N
Crops Included Y/N N
Road Responsibility PublicMaintainedRoad
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesList ByAngela J WorthListing Agent
Bellabay Realty (North)Broker
Affordability Calculator
- Monthly Principal & Interest
- $1,894
- Monthly Property Taxes
- $461
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Grand Rapids, MI
Average List Price $419,339
Percent of Sale Price 40%
About Grand Rapids, MI 199,553 Population
1% Since 2002
$ 43,558 Median Income
34 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
4909624 Elementary School
4909684 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/28/2026 | $299,900 | | Listed Price |