1223 Terrace Street Muskegon, MI ^$ 400,000

1223 Terrace Street

^$ 400,000

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Recently Listed

1223 Terrace Street

Muskegon, MI, 49442

^$ 400,000

Studio 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.

Multi-Family Active

Price

^$ 400,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 1

Style

Lot Size

0.2

Year Built

1899

Town/City

Muskegon

County/Region

Muskegon

MLS | Web ID

70533702

Features

General

Heating Hot Water

Garage Additional Garage(s)

Status Active Active

Year Built 1899

County Muskegon

Class MULTIFAMILY

Type Multi-Family

Municipality Muskegon

Subdivision MI

Sale/Rent For Sale

Status Detail 0

Area Muskegon (61023)

Primary City Muskegon

City Muskegon

School District Muskegon Public Schools

Financial Terms Cash Conventional FHA VA

Legal Description CITY OF MUSKEGON REVISED PLAT OF 1903 LOT 10 BLK 243

DOM 1

Postal Code 49442

Public Remarks 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

Exterior

Exterior Wood

Frontage 198

Lot Size Area 0.2

Lot Dimensions 66x132

Roads Paved Street

Waterfront Y/N No

Interior

Total Number of Units 4

Fuel Type Natural Gas

* Excluded Features

List By

Kevin Cole

Listing Agent

Bellabay Realty Llc

Broker

kevin@contactbdc.com

Affordability Calculator

$2,463

Per Month

Monthly Principal & Interest: $2,463
Monthly Property Taxes: $0
Monthly Home Insurance: --

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Yearly Home Insurance

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

Trends
Schools

Multi-family listings in Muskegon, MI

Average List Price ^$212,225

Percent of Sale Price 47%

About Muskegon, MI

39,458 Population

1% Since 2002

^$28,840 Median Income

35.7 Median Age

28% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3608543 Elementary School

3608542 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/21/2026	$400,000		Listed Price

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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

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

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1223 Terrace Street

Multi-Family Home for sale in Muskegon, MI

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