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Madison Area Multifamily Home for Sale

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    $230,000

    508 Delaware St SE, Grand Rapids, MI 49507

    Grand Rapids Duplex! Located just 9 mins from Downtown GR. Lower unit offers 2 bedrooms, 1 bath, and a newer furnace and is currently rented for $1,075/month thro 5/30/26.Upper unit features 1 bedroom, 1 bath and a flexible floor plan that could be used as 2 bedrooms or 1 bedroom plus living space. Recently updated with 2 new water heaters. Mainly vinyl windows in both units.

    Paul Leason Berkshire Hathaway HomeServices Michigan Real Estate (South)

    508 Delaware St SE, Grand Rapids, MI 49507

Why Live in Madison Area

Madison Area, located just two miles from downtown Grand Rapids, is becoming a sought-after neighborhood, particularly among first-time home buyers. This area offers the benefits of nearby neighborhoods but with more affordable housing options. Home styles include American Foursquare and Craftsman bungalows built between 1890 and 1925, many of which have been renovated, though some fixer-uppers remain. Homes range from 1,000 to 2,000 square feet and are set on narrow lots with grassy front lawns and mature trees. Local parks provide plenty of things to do, with Campau Park featuring a playground and basketball court, Pleasant Park offering a splash pad, and Martin Luther King Park equipped with a swimming pool, tennis courts, and a baseball field. Wealthy Street is a highlight for dining, with popular spots like Wealthy Street Bakery, Donkey Taqueria, and Speciation Cellars. Grocery shopping is convenient with Great Giant Supermarket and the Grand Rapids Downtown Market nearby. Commuting downtown is straightforward via Division Street, and Gerald R. Ford International Airport is less than 10 miles away.

Home Trends in Madison Area, MI

Housing Trends

Median Sale Price
$224,500
Median Single Family Sale Price
$224,500
Average Price Per Sq Ft
$163
Number of Homes for Sale
9
Last 12 months Home Sales
38
Months of Supply
2.80
Median List Price
$224,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
12%
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