Historic Three-Unit Brick
New
For Sale
$845,000
252 Madison Ave SE, Grand Rapids, MI 49503
Legally configured for three units with updated mechanical systems, a garage, additional parking, and outdoor storage.
Property SizeContact for details
Days on Market3
Property Features for 252 Madison Ave SE
General Information
Standard status
Active
Property subtype
Investment
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,249
Amenities
garage
outdoor storage
Building Details
Year Built
1880
Buildings
1
Units
3
Construction
brick
Listing Agency:
Rogers Neighborhood Realty
Listed By:
Kristy L Nora
(616) 745-1397
Source:
Elliman
Added: Sep 18
Last Checked: Sep 19 at 10:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rogers Neighborhood Realty
Investment Insights
Based on property information with market context.
Built in 1880, this brick triplex retains period character while incorporating practical updates. The property contains six bedrooms and three full baths, arranged as three legally configured units with two bedrooms and one bath each. Interior details include an entry foyer, staircase, and pocket door, while a newer whole-home furnace and water heater provide updated mechanical infrastructure.
The property includes a two-stall garage, additional parking, and outdoor storage. Its location at 252 Madison Ave SE places it in Heritage Hill, minutes from downtown Grand Rapids, restaurants, entertainment, and outdoor concerts. Walk Score is 76, Bike Score is 56, and Transit Score is 58. The three-unit layout also supports an owner-occupancy arrangement with additional units available for rental income.
The property includes a two-stall garage, additional parking, and outdoor storage. Its location at 252 Madison Ave SE places it in Heritage Hill, minutes from downtown Grand Rapids, restaurants, entertainment, and outdoor concerts. Walk Score is 76, Bike Score is 56, and Transit Score is 58. The three-unit layout also supports an owner-occupancy arrangement with additional units available for rental income.
Key Highlights
- Three legally configured units, each with 2 bedrooms and 1 bath
- 6 bedrooms and 3 full baths across the property
- 1880 construction with brick exterior and period architectural details
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,845
Businesses Nearby
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Business Placement
Demographics for 49503, MI
39,344
Population
19,017
Households
2.1
Avg Household Size
30
Median Age
44%
College-Educated
88%
High-School Grad
7.3 sq mi
ZIP Area
5,390
Density / Sq Mi
$61,734
Median Household Income
$36,694
Median Earnings
$1,207
Median Rent
$224,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Triplex - Legally configured for three units with updated mechanical systems, a garage, additional parking, and outdoor storage.
Where is this triplex located?
The property is located at 252 Madison Ave SE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $845,000.
What are key features of this property?
This property features: Three legally configured units, each with 2 bedrooms and 1 bath; 6 bedrooms and 3 full baths across the property; 1880 construction with brick exterior and period architectural details
