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    1040 Madison Ave SE Grand Rapids, MI 49507

    New
    For Sale
    $225,000

    MULTI_FAMILY - Grand Rapids, MI

    Lot size:
    0.14 Acres
    Days on Market:
    7
    Last Refresh:
    Dec 7 at 11:06 am

    Property Features for 1040 Madison Ave SE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 2, Basement, Bedroom 1, Bathroom 1, Bedroom 2
    Bedrooms
    2
    APN
    41-14-31-451-003
    Parking
    6
    Lot size
    0.14 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air

    Building Details

    Year built
    1900
    Number of units
    8
    Building materials
    Aluminum Siding
    Roof type
    Composition

    616 Realty LLC (616) 293-5117 [email protected]

    Listing agent Catherine J Conklin (616) 272-3707

    Listing date Dec 1, 2025

    MLS# 25058497 Listing URL

    Copyright © 2025 Montcalm County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Grand Rapids Multifamily Opportunity

    This updated three-bedroom home in Grand Rapids, Michigan, is currently configured as two one-bedroom apartments. The property includes a kitchenette in the third bedroom, presenting an opportunity for house-hacking or conversion back to a bedroom. The home features a large kitchen, dining room, main floor laundry, and two full baths. Ample parking and closet space are available. The lot size is 0.14 acres. The property is located in Kent County, with the postal code 49507.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.658637
    Latitude
    42.94408

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    FAQs

    What type of property is this?
    Duplex - Updated 3-bedroom home configured as two apartments.
    Where is this duplex located?
    The property is located at 1040 Madison Ave SE Grand Rapids, MI.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: - Extra roomy home with potential for 3 bedrooms.; - Configured as two 1-bedroom apartments, offering house-hacking potential.; - Features a large kitchen and dining room.
    (616) 272-3707
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1040 Madison Ave SE Grand Rapids, MI 49507
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