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Side-by-Side Duplex with Hardwood Floors
For Sale
$299,900
Pending

1655 Madison Avenue SE, Grand Rapids, MI 49507

Multi Family, Grand Rapids, MI

Property SizeContact for details
Lot Size0.17 Acres
Days on Market51

Property Features for 1655 Madison Avenue SE

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description RES
Bedrooms 6
Full bathrooms 2
Rooms Bedroom 3, Bedroom 4, Basement, Bedroom 2, Bedroom 6, Bedroom 5, Bathroom 1, Bedroom 1, Bathroom 2
Parking 2
Basement Full
Lot features Sidewalk
Elementary school district Grand Rapids
Middle school district Grand Rapids
High school district Grand Rapids
Standard status Pending
APN 41-18-06-326-028
Lot size 0.17 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description LOT 1 BLK 1* REYNOLDS & FRANKLIN S ADDITION
Tax Annual Amount 5533
Legal Description LOT 1 BLK 1* REYNOLDS & FRANKLIN S ADDITION

Utilities

Utilities Natural Gas Available
Sewer type Public Sewer
Heating system Forced Air

Amenities

washer/dryer hookup
off-street parking
yard space

Building Details

Year built 1928
Number of units 2
Building materials Brick, Wood Siding
Roof type Composition
Listing Agency: Bellabay Realty (North)
Listed By: Angela J Worth · License #6506048923
Added: Jul 27 Changed: Sep 12 Last Checked: Sep 15 at 5:06AM
MLS# 26038778

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.

Investment Insights

Based on property information with market context.

This side-by-side duplex contains two matching units, each with three bedrooms and one full bathroom. Both layouts include a main-level living area, kitchen, and half bath, with bedrooms and a full bathroom upstairs. Hardwood flooring and original woodwork extend through both residences. Each lower level provides separate space with washer and dryer hookups, supporting independent unit operation.

The property sits on a 0.17-acre lot at 1655 Madison Avenue SE in Grand Rapids. A new driveway was installed in 2019, and the site includes off-street parking and additional yard area. Both units are occupied under month-to-month leases. Utilities are separately divided between the units except for water. Unit 1657 received a new furnace and water heater in December 2025, while unit 1655 was freshly painted in July 2025. The building was constructed in 1928 and has brick and wood siding, forced-air heat, natural gas availability, public sewer, and a composition roof.

Key Highlights

  • Two side‑by‑side units with matching three‑bedroom, one‑bath layouts
  • 0.17‑acre lot at 1655 Madison Avenue SE in Grand Rapids
  • Both units occupied under month‑to‑month leases

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

752
Businesses Nearby

Demographics for 49507, MI

38,137
Population
13,773
Households
2.8
Avg Household Size
30
Median Age
27%
College-Educated
78%
High-School Grad
5.5 sq mi
ZIP Area
6,934
Density / Sq Mi
$56,578
Median Household Income
$34,939
Median Earnings
$1,114
Median Rent
$179,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two matching units feature independent lower levels, off-street parking, and separate utility arrangements for practical ownership.
Where is this duplex located?
The property is located at 1655 Madison Avenue SE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two side‑by‑side units with matching three‑bedroom, one‑bath layouts; 0.17‑acre lot at 1655 Madison Avenue SE in Grand Rapids; Both units occupied under month‑to‑month leases
More about this property
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