321 Madison Avenue Grand Rapids, MI $ 465,000
321 Madison Avenue
$ 465,000
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321 Madison Avenue

Grand Rapids, MI, 49503
$ 465,000
Bedrooms-- Baths0.0 Sq 2,924

Monthly Estimate*

$ 3,212

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Multi-Family Home for sale in Grand Rapids, MI

for $465,000. This 2,924 square foot 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.

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Multi-Family Active

Price

$ 465,000

Property Type

Multi-Family

Taxes

$ 9,046

Style

Lot Size

0.17

Year Built

1880

Town/City

Grand Rapids

County/Region

Kent

MLS | Web ID

70565633

Features
General
Heating Wall Heat Forced Air
Status Active Active
Year Built 1880
County Kent
Class MULTIFAMILY
Type Multi-Family
Municipality Grand Rapids
Zoning Residential
Subdivision MI
Sale/Rent For Sale
Status Detail 0
Area Grand Rapids (41032)
Primary City Grand Rapids
Virtual Tour https://www.instagram.com/reels/Dew5GulRVwm/
Directions Madison SE between Wealthy and Cherry.
City Grand Rapids
School District Grand Rapids City School Distric
Financial Terms Cash Conventional FHA VA
Legal Description LOT 32 & E 1/2 OF VACATED ALLEY ADJ ON W* WELTON S ADDITION
DOM 1
Postal Code 49503
Price Per Sq Ft Total AG 159.03
Public Remarks This well-positioned affordable Heritage Hill triplex pairs recent updates with an exceptional location near downtown Grand Rapids the Wealthy Street corridor
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Exterior
Exterior Stone Wood
Frontage 51
Lot Size Area 0.17
Lot Dimensions 51x149
Roads Paved Street
Waterfront Y/N No
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Interior
Total Number of Units 3
Fuel Type Natural Gas
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* Excluded Features
List By
Pete Bruinsma

Listing Agent

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.
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Nearby
3147031 Elementary School
3147033 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/21/2026$465,000 Listed Price

Map


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321 Madison Avenue, Grand Rapids, MI, 49503 is a Multi-Family Home for sale at $465,000 with 2,924 sqft and a lot size of 0.17. 321 Madison Avenue has 0.0 baths and was built in 1880. The property's zip code is 49503 which is in Grand Rapids, MI