321 Madison Avenue Se, Grand Rapids, MI 49503

Local realty services provided by:ERA Reardon Realty Great Lakes
321 Madison Avenue Se,Grand Rapids, MI 49503
$465,000
  • - Beds
  • 3 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: pete j bruinsma
Office: grand river realty
MLS#:26055977
Source:MI_MICHRIC

Price summary

  • Price:$465,000

About this home

This well-positioned, affordable Heritage Hill triplex pairs recent updates with an exceptional location near downtown Grand Rapids, the Wealthy Street corridor, and Cherry Street's shops and restaurants. Currently owner-occupied, the main residence features original millwork, oak floor, fireplace, large airy living room, formal dining, 1.5 bathrooms, and a recently refinished front room with inviting views of beautiful Madison Avenue. Two upstairs apartments—a studio with a walk-up attic and a one-bedroom—are home to long-term tenants and generate combined rental income of over $2,000 per month. The basement's exceptionally tall ceilings offer potential for a workshop or creative space, while the backyard provides room for recreation and a deep concrete parking pad. Its hilltop setting offers an open view of the sky, perfect for watching sunsets and storms roll in. A bus stop and shared scooter access at the end of the street add convenient transportation options to Downtown & Uptown.

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Home facts

  • Year built:1880
  • Listing ID #:26055977
  • Added:1 day(s) ago
  • Updated:October 22, 2026 at 04:01 PM

Rooms and interior

  • Total bathrooms:3
  • Basement:Yes

Heating and cooling

  • Heating:Forced Air, Wall Furnace

Structure and exterior

  • Year built:1880
  • Lot area:0.17 Acres
  • Construction Materials:Stone, Wood Siding

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$465,000
  • Tax amount:$9,046 (2025)

Parking

  • Total parking spaces:3