5-Unit Apartment
New
For Sale
$750,000
558 Madison Avenue SE, Grand Rapids, MI 49503
Multi Family, Grand Rapids, MI
Property SizeContact for details
Lot Size0.15 Acres
Days on Market3
Property Features for 558 Madison Avenue SE
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Full bathrooms
5
Rooms
Bedroom 3, Bathroom 3, Bathroom 4, Basement, Bedroom 1, Bedroom 2, Bathroom 5, Bathroom 2, Bedroom 4, Bedroom 5, Bathroom 1
Parking
2
Elementary school district
Grand Rapids
Middle school district
Grand Rapids
High school district
Grand Rapids
Directions
South of Wealthy east side of street
Standard status
Active
APN
41-14-31-205-014
Lot size
0.15 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
gas, electric
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 1* HEALD ADDITION* ALSO LOT 35 OF DORAN S ASSESSOR S PLAT NO 3
Tax Annual Amount
14150
Legal Description
LOT 1* HEALD ADDITION* ALSO LOT 35 OF DORAN S ASSESSOR S PLAT NO 3
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air
Building Details
Year built
1905
Number of units
5
Building materials
Wood Siding
Listing Agency:
Five Star Real Estate (Ada)
(616) 425-7600
Listed By:
Lauren Karsten · License #6501375963
(616) 690-8355
Added: Nov 2
Last Checked: Nov 4 at 7:06AM
MLS# 26058157
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.
This 5-unit apartment property at 558 Madison Avenue SE occupies a 0.15-acre parcel. Built in 1905, the building has wood siding and forced-air heat, with public sewer service and cable availability. Gas and electric service are separate.
The property is in Grand Rapids, within walking distance of bars and restaurants along the Wealthy Street corridor.
The property is in Grand Rapids, within walking distance of bars and restaurants along the Wealthy Street corridor.
Key Highlights
- Five‑unit apartment property on a 0.15‑acre parcel
- Separate gas and electric service
- Built in 1905 with wood siding and forced‑air heat
Property Analytics
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,810
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?
Apartment building - Separate gas and electric service serves the five-unit property.
Where is this apartment building located?
The property is located at 558 Madison Avenue SE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Five‑unit apartment property on a 0.15‑acre parcel; Separate gas and electric service; Built in 1905 with wood siding and forced‑air heat
