An amazing investment opportunity in Heritage Hill! This 5 unit property has separate gas and electric and is currently bringing in 7,565 dollars per month in rent. The spacious 1 bedroom, 1 bathroom units are easily rented, where tenants can walk to several bars and restaurants in the Wealthy street corridor. Call today to set up a showing and add 558 Madison to your investment portfolio!
Active
$750,000
558 Madison Ave SE, Grand Rapids, MI 49503
5beds
5baths
13,993sqft
5+ Units
Built in 1905
-- sqft lot
$-- Zestimate®
$54/sqft
$-- HOA
What's special
- 3 days
- 521
- 41
Zillow last checked:
Listing updated:
Listed by:
Lauren Karsten 616-690-8355,
Five Star Real Estate (Ada) 616-425-7600,
Kevin P Knoll 616-437-4219,
Five Star Real Estate (Grandv)
Source: MichRIC,MLS#: 26058157
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
Heating
- Forced Air
Features
- Basement: Michigan Basement
Interior area
- Total interior livable area: 13,993 sqft
Property
Parking
- Total spaces: 2
- Parking features: Paved
Lot
- Size: 6,534 Square Feet
- Dimensions: 50 x 132
Details
- Parcel number: 411431205014
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Units
Materials
- Wood Siding
Condition
- New construction: No
- Year built: 1905
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected
Community & HOA
Location
- Region: Grand Rapids
Financial & listing details
- Price per square foot: $54/sqft
- Tax assessed value: $274,052
- Annual tax amount: $14,150
- Date on market: 11/2/2026
- Listing terms: Cash,Conventional
- Tenant pays: Electricity, Gas
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,280/mo
Price history
| Date | Event | Price |
|---|---|---|
| 11/2/2026 | Listed for sale | $750,000+15.4%$54/sqft |
Source:  MichRIC #26058157 Report a problem | ||
| 9/2/2026 | Listing removed | $1,450 |
Source: Zillow Rentals Report a problem | ||
| 8/24/2026 | Listed for rent | $1,450-6.5% |
Source: Zillow Rentals Report a problem | ||
| 10/16/2023 | Listing removed | -- |
Source:  Realcomp II #65021095491 Report a problem | ||
| 9/7/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 8/17/2023 | Listed for rent | $1,550+11.1% |
Source: Zillow Rentals Report a problem | ||
| 3/22/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 11/29/2022 | Price change | $1,395-3.5% |
Source: Zillow Rental Manager Report a problem | ||
| 11/8/2022 | Listed for rent | $1,445-13.7% |
Source: Zillow Rental Manager Report a problem | ||
| 5/12/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 4/14/2022 | Listed for rent | $1,675 |
Source: Zillow Rental Manager Report a problem | ||
| 10/15/2021 | Sold | $649,900$46/sqft |
Source: MichRIC #21095491 Report a problem | ||
| 8/6/2021 | Pending sale | $649,900$46/sqft |
Source: MichRIC #21095491 Report a problem | ||
| 7/23/2021 | Listed for sale | $649,900+109.6%$46/sqft |
Source: MichRIC #21095491 Report a problem | ||
| 12/22/2014 | Sold | $310,000-11.4%$22/sqft |
Source: MichRIC #14054156 Report a problem | ||
| 9/27/2014 | Listed for sale | $349,900$25/sqft |
Source: Grand Rapids Market Center East #14054156 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $14,151 +2.7% | $342,200 +4.7% |
| 2025 | $13,785 | $326,700 +7.1% |
| 2024 | -- | $304,900 +57.9% |
| 2021 | $5,550 | $193,100 +12.8% |
| 2020 | $5,550 +3.2% | $171,200 +14.7% |
| 2019 | $5,380 | $149,200 +9% |
| 2018 | -- | $136,900 +25.4% |
| 2017 | $5,274 | $109,200 +11.1% |
| 2016 | $5,274 | $98,300 |
| 2015 | $5,274 +5% | $98,300 +5% |
| 2013 | $5,025 | $93,600 |
Find assessor info on the county website
Monthly payment
Est. payment
