321 Madison

Grand Rapids, MI 49503
  • $465,000

    Price
  • 2,924

    SqFt
  • 0.17

    Acre

About the Listing 77725 - MR7

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.

Listing Highlights for 321 Madison

Status Pending
Days on Site 15
Property Type Multi-Family
MLS ® 70565633
Year Built 1880
Total Square Footage 2,924
Lot/Acreage 0.17

Interior Details

  • Appliances:
  • Air Cond:
  • Heating: Wall Heat,Forced Air
  • Fireplaces:
  • Floor:
  • Above Ground Sq Ft: 2924
  • Basement:
  • Other:
  • Water:

Exterior Details

  • Garage Capacity: N/A
  • Lot Dimensions: 51x149
  • Zoning: Residential
  • Roof:
  • Others:
  • Sewer:

Financial Details

  • Tax Amount: $9,046
  • Taxes w/Assessments: N/A
  • Tax/Property ID: N/A
  • Tax Year: 2025

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Listing Location

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321 Madison Grand Rapids, MI 49503

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Originating MLS: Greater Regional Alliance of REALTORS

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Melanie Lovati

Associate Broker | Innovation RES | Innovation Real Estate Specialists

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