321 Madison Avenue SE Grand Rapids, MI $ 465,000
321 Madison Avenue SE
$ 465,000
Recently Listed
Share Save

321 Madison Avenue SE

Grand Rapids, MI, 49503
$ 465,000
Bedrooms-- Baths3.0

Monthly Estimate*

$ 3,212

321 Madison Avenue SE, Grand Rapids, MI 49503 - Image 1
321 Madison Avenue SE, Grand Rapids, MI 49503 - Image 2
321 Madison Avenue SE, Grand Rapids, MI 49503 - Image 3
321 Madison Avenue SE, Grand Rapids, MI 49503 - Image 4
321 Madison Avenue SE, Grand Rapids, MI 49503 - Image 5
321 Madison Avenue SE, Grand Rapids, MI 49503 - Image 6
321 Madison Avenue SE, Grand Rapids, MI 49503 - Image 7
321 Madison Avenue SE, Grand Rapids, MI 49503 - Image 8
321 Madison Avenue SE, Grand Rapids, MI 49503 - Image 9
321 Madison Avenue SE, Grand Rapids, MI 49503 - Image 10
321 Madison Avenue SE, Grand Rapids, MI 49503 - Image 11
321 Madison Avenue SE, Grand Rapids, MI 49503 - Image 12
321 Madison Avenue SE, Grand Rapids, MI 49503 - Image 13
321 Madison Avenue SE, Grand Rapids, MI 49503 - Image 14
321 Madison Avenue SE, Grand Rapids, MI 49503 - Image 15
321 Madison Avenue SE, Grand Rapids, MI 49503 - Image 16
321 Madison Avenue SE, Grand Rapids, MI 49503 - Image 17
321 Madison Avenue SE, Grand Rapids, MI 49503 - Image 18
321 Madison Avenue SE, Grand Rapids, MI 49503 - Image 19
321 Madison Avenue SE, Grand Rapids, MI 49503 - Image 20
321 Madison Avenue SE, Grand Rapids, MI 49503 - Image 21
321 Madison Avenue SE, Grand Rapids, MI 49503 - Image 22
321 Madison Avenue SE, Grand Rapids, MI 49503 - Image 23
321 Madison Avenue SE, Grand Rapids, MI 49503 - Image 24
321 Madison Avenue SE, Grand Rapids, MI 49503 - Image 25
321 Madison Avenue SE, Grand Rapids, MI 49503 - Image 26
321 Madison Avenue SE, Grand Rapids, MI 49503 - Image 27
321 Madison Avenue SE, Grand Rapids, MI 49503 - Image 28
321 Madison Avenue SE, Grand Rapids, MI 49503 - Image 29
321 Madison Avenue SE, Grand Rapids, MI 49503 - Image 30
321 Madison Avenue SE, Grand Rapids, MI 49503 - Image 31
321 Madison Avenue SE, Grand Rapids, MI 49503 - Image 32
View a Virtual Tour

Multi-Family Home for sale in Grand Rapids, MI

for $465,000 with 3 full baths. This home was built in 1880 on a lot size of 0.17.

This well-positioned, affordable Heritage Hill triplex pairs recent updates with an exceptional location near downtown Grand Rapids, the Wealthy Street corridor, and Cherry Street's 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 basement's 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.

See more

Multi-Family Active

Price

$ 465,000

Full Bath

3

Property Type

Multi-Family

Taxes

$ 9,046

Style

2 to 4 Units

Lot Size

0.17

Year Built

1880

Town/City

Grand Rapids

County/Region

Kent

MLS | Web ID

26055977

Features
General
Sewer Public Sewer
Heating Forced Air Wall Furnace
Cooling Window Unit(s)
Utilities Phone Available Natural Gas Available Electricity Available Cable Available Phone Connected Natural Gas Connected Electricity Connected Cable Connected Storm Sewer
Possession Close Plus 30 Days Negotiable
Roof Composition
Construction Materials Stone Wood Siding
Year Built 1880
Tenant Pays Gas
Township City of Grand Rapids
Property Subtype 2 to 4 Units
Tax Year 2025
Ownership Private Owned
Gross Income 2010
County Kent
New Construction false
Property Type Multi Family
Attached Garage false
Status Active
Directions Madison SE between Wealthy and Cherry.
City Grand Rapids
High School District Grand Rapids
Zoning Description Residential
Number Of Units Total 3
Lot Size Units Acres
Lot Size Square Feet 7599
Listing Terms VA Loan MSHDA FHA Cash Conventional
Tax Annual Amount 9046
Virtual Tour https://www.instagram.com/reels/Dew5GulRVwm/
Standard Status Active
Occupancy Type Owner
Tax Assessed Value 217267
Legal Description LOT 32 & E 1/2 OF VACATED ALLEY ADJ ON W* WELTON S ADDITION
See more
Interior
Basement Full
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Laundry Features Common Area Laundry Room
Total Baths 3
See more
Exterior
Parking Features Paved
Total Parking 3
Lot Size Area 0.17
Number of Buildings 1
Lot Dimensions 51x149
Lot Size Acres 0.17
Road Surface Type Paved
Waterfront Y/N false
See more
Internal Only
Street Number 1 321
See more
* Excluded Features
List By
Grand River Realty

Broker

petebruinsmagrr@gmail.com

Email

Affordability Calculator

$3,965
Per Month
81%
19%
0%
Monthly Principal & Interest
$3,212
Monthly Property Taxes
$754
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/21/2026$465,000 Listed Price

Map


See all

321 Madison Avenue SE, Grand Rapids, MI, 49503 is a Multi-Family Home for sale at $465,000 with a lot size of 0.17. 321 Madison Avenue SE has 3.0 baths and was built in 1880. The property's zip code is 49503 which is in Grand Rapids, MI