558 Madison Avenue SE City of Grand Rapids, MI $ 750,000
558 Madison Avenue SE
$ 750,000
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558 Madison Avenue SE

City of Grand Rapids, MI, 49503
$ 750,000
Bedrooms5 Baths0.0

Monthly Estimate*

$ 5,180

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Multi-Family Home for sale in City of Grand Rapids, MI for $750,000 with 5 bedrooms. This home was built in 1905 on a lot size of 0.15.

An amazing investment opportunity in Heritage Hill! This 5 unit property has separate gas and electric and is currently bringing in 7,565 dollars per month in rent. The spacious 1 bedroom, 1 bathroom units are easily rented, where tenants can walk to several bars and restaurants in the Wealthy street corridor. Call today to set up a showing and add 558 Madison to your investment portfolio!

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Multi-Family Active

Price

$ 750,000

Bedrooms

5

Property Type

Multi-Family

Taxes

$ 14,150

Style

MultiFamily

Lot Size

0.15

Year Built

1905

Town/City

City of Grand Rapids

County/Region

KENT

MLS | Web ID

65026058157

Features
General
Sewer PublicSewer SewerAtStreet
Heating ForcedAir NaturalGas
Utilities ElectricityConnected NaturalGasConnected SewerConnected
Possession CloseOfEscrow SubjectToTenantRights
Construction Materials WoodSiding
Year Built 1905
Property Subtype MultiFamily
Tax Year 2025
County Kent
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Garage Y/N N
Status Active
Directions South of Wealthy east side of street
City GrandRapidsCity_Kent
Senior Community Y/N N
High School District GrandRapids
Number Of Units Total 5
MLS Area Area41142GrandRapids
Lot Size Units SquareFeet
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 14150.0
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
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 274052
Legal Description LOT 1* HEALD ADDITION* ALSO LOT 35 OF DORAN S ASSESSOR S PLAT NO 3
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Exterior
Parking Features Paved
Water Source Public
Total Parking 2.0
Lot Size Area 6578.0
Foundation Details MichiganBasement
Number of Buildings 1
Spa N
Lot Dimensions 50x132
Lot Size Acres 0.15
Road Surface Type Paved
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
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Internal Only
Street Number 1 558
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* Excluded Features
List By
Lauren Karsten

Listing Agent

Five Star Real Estate (Ada)

Broker

(616) 690-8355

Phone

Affordability Calculator

$6,359
Per Month
81%
19%
0%
Monthly Principal & Interest
$5,180
Monthly Property Taxes
$1,179
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.
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Nearby
4909624 Elementary School
4909684 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/2/2026$750,000 Listed Price

Map


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558 Madison Avenue SE, City of Grand Rapids, MI, 49503 is a Multi-Family Home for sale at $750,000 with a lot size of 0.15. 558 Madison Avenue SE has 5 bedrooms, 0.0 baths, and was built in 1905. The property's zip code is 49503 which is in City of Grand Rapids, MI