1223 Terrace Street Muskegon City, MI ^$ 400,000

1223 Terrace Street

^$ 400,000

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Recently Listed

1223 Terrace Street

Muskegon City, MI, 49442

^$ 400,000

Bedrooms4 Baths0.0

Monthly Estimate*

^$ 2,463

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Multi-Family Home for sale in Muskegon City, MI for $400,000 with 4 bedrooms. 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

Property Type

Multi-Family

Taxes

^$ 1

Style

MultiFamily

Lot Size

0.2

Year Built

1899

Town/City

Muskegon City

County/Region

MUSKEGON

MLS | Web ID

65026024005

Features

General

Sewer PublicSewer

Heating HotWater NaturalGas

Utilities CableConnected ElectricityConnected NaturalGasConnected PhoneConnected

Possession CloseOfEscrow

Roof Composition

Construction Materials WoodSiding

Year Built 1899

Property Subtype MultiFamily

Tax Year 2025

County Muskegon

New Construction N

Property Type ResidentialIncome

HOA N

Attached Garage N

Garage Y/N N

Status Active

City MuskegonCity_Muskegon

Senior Community Y/N N

High School District Muskegon

Zoning Description LightIndustry

Number Of Units Total 4

MLS Area Area61102Muskegon

Lot Size Units SquareFeet

Carport Y/N N

Land Lease Y/N N

Tax Annual Amount 1.0

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered 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

Interior

Basement Full

Basement (Y/N) Y

Air Conditioning Y/N N

Heating Y/N Y

Fireplace Y/N N

Exterior

Parking Features Garage Paved

Water Source Public

Total Parking 4.0

Lot Size Area 8712.0

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

Internal Only

Street Number 1 1223

* Excluded Features

List By

Kevin Cole

Listing Agent

Bellabay Realty Llc

Broker

(616) 551-6129

Phone

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 ^$199,059

Percent of Sale Price 50%

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.

3001864 Elementary School

3001862 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 City, MI, 49442 is a Multi-Family Home for sale at $400,000 with a lot size of 0.2. 1223 Terrace Street has 4 bedrooms, 0.0 baths, and was built in 1899. The property's zip code is 49442 which is in Muskegon City, 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.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 5/22/2026.

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1223 Terrace Street

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