About This Home

This 4-bedroom, 3-bathroom residential multi family at 321 Madison Avenue SE in Grand Rapids, MI is listed for $465,000. Built in 1880, on a 0.17 acres lot.

Key Features

  • Built in 1880
  • 0.17 acre lot
  • 3 parking spaces

Property Details

3 full, 1 half
3 spaces
1880

Amenities

A/C
Listing Description

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.

Monthly Cost Estimate

$2,487/mo

20% down · 6.5% · 30 years

Principal$336
Interest$2,015
Insurance$136

Estimates only. Actual payments may vary.

Location

321 Madison Avenue SE

Grand Rapids, MI 49503

Property Details

Construction

Stone Wood Siding

Heating

Forced AirWall Furnace

Cooling

Window Unit(s)

Questions & Answers

This 4-bedroom, 3-bathroom residential multi family at 321 Madison Avenue SE is listed at $465,000. The estimated monthly payment is $2,487 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1880, 0.17 acre lot, 3 parking spaces.

This property is listed by Pete J Bruinsma.

PB

Pete J Bruinsma

Agent at Grand River Realty

Listed by Grand River Realty · Broker phone: (616) 389-0881 · View on Broker Site · Broker website

MLS# 26055977· Source: Michigan Regional Information Center, LLC.· 12 days on PropertySimple

Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

321 Madison Avenue SE, Grand Rapids, MI 49503

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