Triplex with Two Upper
For Sale
$465,000
321 Madison Avenue SE, Grand Rapids, MI 49503
Multi Family, Grand Rapids, MI
Property SizeContact for details
Lot Size0.17 Acres
Days on Market9
Property Features for 321 Madison Avenue SE
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Half bathrooms
1
Rooms
Bathroom 3, Bathroom 4, Bedroom 1, Bathroom 1, Laundry Room, Bedroom 3, Bathroom 2, Basement, Bedroom 4, Bedroom 2
Parking
3
Basement
Full
Elementary school district
Grand Rapids
Middle school district
Grand Rapids
High school district
Grand Rapids
Directions
Madison SE, between Wealthy and Cherry.
Standard status
Active
APN
41-14-30-381-045
Lot size
0.17 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 32 & E 1/2 OF VACATED ALLEY ADJ ON W* WELTON S ADDITION
Tax Annual Amount
9046
Legal Description
LOT 32 & E 1/2 OF VACATED ALLEY ADJ ON W* WELTON S ADDITION
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air, Wall Furnace
Cooling system
Window Unit(s)
Building Details
Year built
1880
Number of units
3
Building materials
Stone, Wood Siding
Roof type
Composition
Buildings
1
Listing Agency:
Grand River Realty
(616) 389-0881
Listed By:
Pete J Bruinsma
(616) 293-5731
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 29 at 5:06AM
MLS# 26055977
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.
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Investment Insights
Based on property information with market context.
Built in 1880, this triplex includes an owner-occupied main residence and two upstairs apartments: a studio with a walk-up attic and a one-bedroom unit. The main residence has original millwork, oak flooring, a fireplace, a formal dining room, and 1.5 bathrooms; its front room has been recently refinished. The basement has tall ceilings, and the backyard includes a deep concrete parking pad.
The property occupies a 0.17-acre lot in Grand Rapids. A bus stop and shared scooter access are located at the end of the street. The building has stone and wood siding, window-unit cooling, and wall-furnace and forced-air heating.
The property occupies a 0.17-acre lot in Grand Rapids. A bus stop and shared scooter access are located at the end of the street. The building has stone and wood siding, window-unit cooling, and wall-furnace and forced-air heating.
Key Highlights
- Three‑unit property with an owner‑occupied main residence and two upstairs apartments
- Upstairs units include a studio with walk‑up attic and a one‑bedroom apartment
- Built in 1880 on a 0.17‑acre lot
Property Analytics
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,305
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
Frequently Asked Questions
What type of property is this?
Triplex - The owner-occupied main residence is complemented by two tenant-occupied apartments upstairs.
Where is this triplex located?
The property is located at 321 Madison Avenue SE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Three‑unit property with an owner‑occupied main residence and two upstairs apartments; Upstairs units include a studio with walk‑up attic and a one‑bedroom apartment; Built in 1880 on a 0.17‑acre lot
