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1223 Terrace Street Muskegon, MI $ 400,000
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$ 400,000 Get more info
1223 Terrace Street
$ 400,000
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1223 Terrace Street

Muskegon, MI, 49442
$ 400,000
Baths0.0

Monthly Estimate*

$ 2,463

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Studio

Multi-Family Home for sale in Muskegon, MI

for $400,000. This home was built in 1899 on a lot size of 0.2.

Large 4-unit investment at 1223 Terrace St, Muskegon -- near downtown in excellent location, seeing lots of renovation in the immediate area. Current rents: Unit A $1,000 large 1BR/1BA, currently vacant for easy showings, Unit B $1,200 (3BR/2BA), Unit C $900 (2BR/1BA), Unit D $850 (1BR/1BA) -- All rents could probably be increased. Long-term, on-time tenants. Recent updates: full remodel of all units between 2021 and 2024, new roof in 2022, new boiler in 2023.3. Great cash-flow property, ideal for an investor or owner-occupier. Photos available; serious inquiries only.

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Multi-Family Active

Price

$ 400,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1

Style

2 to 4 Units

Lot Size

0.2

Year Built

1899

Town/City

Muskegon

County/Region

Muskegon

MLS | Web ID

26024005
Features
General
Heating Hot Water
Utilities Natural Gas Available Electricity Available Cable Available Phone Connected Natural Gas Connected Electricity Connected Cable Connected
Possession Close Of Escrow
Roof Composition
Construction Materials Wood Siding
Year Built 1899
Tenant Pays Electric
Township Muskegon City
Property Subtype 2 to 4 Units
Tax Year 2025
County Muskegon
New Construction N
Property Type Multi Family
Attached Garage N
Status Active
City Muskegon
High School District Muskegon
Zoning Description RM-1
Number Of Units Total 4
Lot Size Units Acres
Lot Size Square Feet 8712.0
Listing Terms VA Loan FHA Cash Conventional
Land Lease Y/N N
Tax Annual Amount 1.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Active
Tax Assessed Value 58649
Legal Description CITY OF MUSKEGON REVISED PLAT OF 1903 LOT 10 BLK 243
Senior Community None
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Interior
Basement Full
Basement (Y/N) Y
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features Paved
Total Parking 4.0
Lot Size Area 0.2
Number of Buildings 1
Spa N
Lot Dimensions 66x132
Lot Size Acres 0.2
Road Surface Type Paved
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1223
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* Excluded Features
List By
Bellabay Realty Llc

Broker

kevin@contactbdc.com

Email

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$2,463
Per Month
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Monthly Principal & Interest
$2,463
Monthly Property Taxes
$0
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
248771 Elementary School
250013 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/21/2026$400,000 Listed Price

Map

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1223 Terrace Street, Muskegon, MI, 49442 is a Multi-Family Home for sale at $400,000 with a lot size of 0.2. 1223 Terrace Street is a studio with 0.0 baths and was built in 1899. The property's zip code is 49442 which is in Muskegon, MI

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