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Historic Brick Triplex
New
For Sale
$845,000

252 Madison Avenue SE, Grand Rapids, MI 49503

Multi Family, Grand Rapids, MI

Property SizeContact for details
Lot Size0.18 Acres
Days on Market4

Property Features for 252 Madison Avenue SE

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Full bathrooms 3
Rooms Basement, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 6, Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 5, Bathroom 3
Parking 4
Parking features Driveway
Basement Full
Subdivision Heritage Hill
Elementary school district Grand Rapids
Middle school district Grand Rapids
High school district Grand Rapids
Standard status Active
APN 41-14-30-451-009
Lot size 0.18 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description LOT 19 BLK 2 & S 10 FT OF LOT 18 BLK 2* MORRIS ADDITION
Tax Annual Amount 7250
Legal Description LOT 19 BLK 2 & S 10 FT OF LOT 18 BLK 2* MORRIS ADDITION

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Radiant

Amenities

outdoor storage

Building Details

Year built 1880
Number of units 3
Building materials Brick
Roof type Composition
Listing Agency: Rogers Neighborhood Realty
Listed By: Kristy L Nora
Added: Sep 17 Last Checked: Sep 20 at 2:06AM
MLS# 26049531

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.

Built in 1880, this brick triplex retains historic interior details while incorporating a newer whole-home furnace and water heater. The property contains 6 bedrooms and 3 full bathrooms, with the legal configuration arranged as three units offering two bedrooms and one bathroom each. A foyer, staircase, pocket door, basement, composition roof, radiant heat, and public sewer are among the existing features.

The 0.18-acre property includes a 2-stall garage, driveway parking, and outdoor storage. It is located on Madison Avenue SE in Grand Rapids’ Heritage Hill area, with downtown Grand Rapids, restaurants, entertainment, and outdoor concerts described as minutes away. Cable is available, and the exterior is constructed of brick.

Key Highlights

  • Legally configured as 3 units with 2 bedrooms and 1 bathroom per unit
  • 6 bedrooms and 3 full bathrooms
  • Built in 1880 with a brick exterior

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Electrical Service Carpet & Flooring Store Pet Grooming Service Veterinary 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

3
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

3,845
Businesses Nearby

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
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?
Triplex - Legally configured for separate units with updated mechanical systems, garage parking, and additional outdoor storage.
Where is this triplex located?
The property is located at 252 Madison Avenue 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: Legally configured as 3 units with 2 bedrooms and 1 bathroom per unit; 6 bedrooms and 3 full bathrooms; Built in 1880 with a brick exterior
More about this property
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