Courtesy of Grand River Realty, Pete Bruinsma

321 Madison Avenue SE, Grand Rapids, Michigan, 49503

$465,000
0.17 Acres
4 bd
3 ba
#26055977
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.

PROPERTY FEATURES

  • Utilities : Natural Gas Available, Phone Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected, Sewer Available, Water Available
  • Water Source : Public
  • Sewer : Public Sewer
  • Parking Features: Paved
  • Parking Total: 3
  • Zoning Description : Residential
  • Cooling on Property:
  • Cooling: Window Unit(s)
  • Heating on Property:
  • Heating : Natural Gas, Forced Air, Wall Furnace
  • Construction Materials: Stone, Wood Siding
  • Roof: Composition
  • Road Surface Type: Paved
  • Basement Description : Full
  • Basement on Property:
  • Laundry Features : Common Area, Laundry Room
PROPERTY DETAILS
ID: 26055977
Status: Active
Price: $465,000
Acres: 0.17 Acres
Price Per Acre: $2,735,294
Type: Multi-family
Address: 321 Madison Avenue SE
City, State: Grand Rapids, Michigan
County: Kent
Zip Code: 49503
Lat/Long: 42.956898, -85.659483
Presented By: Pete Bruinsma
Phone:
Email: Click to Contact