321 Madison Avenue SE City of Grand Rapids, MI $ 465,000
321 Madison Avenue SE
$ 465,000
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321 Madison Avenue SE

City of Grand Rapids, MI, 49503
$ 465,000
Bedrooms4 Baths0.0 Sq 2,924

Monthly Estimate*

$ 3,212

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Multi-Family Home for sale in City of Grand Rapids, MI for $465,000 with 4 bedrooms. 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

Bedrooms

4

Property Type

Multi-Family

Taxes

$ 9,046

Style

MultiFamily

Lot Size

0.17

Year Built

1880

Town/City

City of Grand Rapids

County/Region

KENT

MLS | Web ID

65026055977

Features
General
Sewer PublicSewer SewerAtStreet StormDrain
Heating ForcedAir NaturalGas WallFurnace
Cooling WindowUnits
Utilities CableConnected ElectricityConnected NaturalGasConnected PhoneAvailable PhoneConnected SewerConnected
Possession ClosePlus30Days Negotiable
Roof Composition
Construction Materials Stone WoodSiding
Year Built 1880
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 Madison SE between Wealthy and Cherry.
City GrandRapidsCity_Kent
Senior Community Y/N N
High School District GrandRapids
Zoning Description Residential
Number Of Units Total 3
MLS Area Area41142GrandRapids
Lot Size Units SquareFeet
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 9046.0
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
Virtual Tour https://www.instagram.com/reels/Dew5GulRVwm/ https://www.instagram.com/reels/Dew5GulRVwm/
Building Area Units SquareFeet
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
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Interior
Basement Full
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Laundry Features CommonArea LaundryRoom
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Exterior
Parking Features Paved
Water Source Public
Total Parking 3.0
Lot Size Area 7599.0
Number of Buildings 1
Spa N
Building Area Total 2924.0
Lot Dimensions 51x149
Lot Size Acres 0.17
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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Internal Only
Street Number 1 321
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* Excluded Features
List By
Pete J Bruinsma

Listing Agent

Grand River Realty

Broker

(616) 293-5731

Phone

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
4909624 Elementary School
4909684 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 SE, City of 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 SE has 4 bedrooms, 0.0 baths, and was built in 1880. The property's zip code is 49503 which is in City of Grand Rapids, MI