1655 Madison AVE SE, City Of Grand Rapids, MI 49507

$299,900

Est. payment /mo
Est.Price: ?

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1655 Madison AVE SE City Of Grand Rapids, MI 49507

2,400 SqFt

SOLD DATE : 10/14/2026

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Sold

Purchase Type For Sale

Square Footage 2,400 sqft

Price per Sqft $124

MLS Listing ID 65026038778

Sold Date 10/14/26

Year Built 1928

Lot Size 7,405 Sqft

Acres 0.17

Property Sub-Type MultiFamily

Property Description

Investment Opportunity: Side-by-Side Duplex This 3 bedroom, 1 bath side-by-side duplex offers a rare turnkey opportunity in a location poised for continued growth. Each unit shares an identical, functional floorplan, ideal for investors who want consistency across a property. The main floor of each unit features a large living area, kitchen, and a convenient half bath. Upstairs, you will find 3 nicely sized bedrooms and a full bathroom. Beautiful hardwood floors and original woodwork run throughout both units, adding character that tenants love. Each lower level offers its own separate space with washer/dryer hookup, keeping the units fully independent. Recent updates add to the value here: 1657 had a new furnace and water heater installed in December 2025, and 1655 was freshly painted in July 2025, both reducing near term maintenance costs for a new owner.Utilities are split between units, with the exception of water, simplifying expense tracking for ownership. Both units are currently occupied on month to month leases with great, long term tenants in place: A new driveway was installed in 2019, and the property offers plenty of off street parking plus additional yard space, both strong tenant draws. With reliable income already in place, low vacancy risk, and a location benefiting from nearby area growth, this duplex is a smart addition to any portfolio. Check it out before it's gone.

Location

State MI

County Kent

Area Area41142Grandrapids

Rooms

Basement Full

Interior

Heating Forced Air, Natural Gas

Fireplace No

Laundry InBasement

Exterior

Parking Features Paved

Community Features Sidewalks

Utilities Available ElectricityConnected, NaturalGasConnected, SewerConnected

View Y/N No

Roof Type Composition

Building

Sewer Public Sewer, Sewer At Street

Water Public

New Construction No

Schools

School District Grand Rapids

Others

Acceptable Financing Cash, Conventional, FHA, VaLoan

Listing Terms Cash, Conventional, FHA, VaLoan

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+1(586) 726-4600

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Realcomp MLS
Listed by Angela J Worth of Bellabay Realty (North)
Bought with NuCon Realty, LLC

Nearby Locations

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Realty Executives Showcase Commercial

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