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Madison Area Multifamily Home for Sale

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    $289,900

    510 Woodlawn St SE, Grand Rapids, MI 49507

    Amazing Investment Opportunity in the Heart of Grand Rapids! Welcome to 510 Woodlawn St SE, a meticulously maintained duplex offering an incredible opportunity for both seasoned and first-time investors. Steps away from the heart of the Madison neighborhood & Alexander park, this location makes for an exceptional investment. The upper 3 bedroom unit is currently leased, with both units

    Taylor Macias Keller Williams GR East

    510 Woodlawn 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
$125,000
Median Single Family Sale Price
$369,950
Median 1 Bedroom Sale Price
$125,000
Average Price Per Sq Ft
$237
Number of Homes for Sale
2
Last 12 months Home Sales
10
Months of Supply
2.40
Median List Price
$299,000
Median Change From 1st List Price
14%
Median Home Sale Price YoY Change
-57%
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