5690/5694 Olsen Avenue
Muskegon, MI, 49442 $ 259,900
Baths2.0 Monthly Estimate*
$ 1,641
Studio for $259,900 with 2 full baths. This home was built in 1900 on a lot size of 0.33.
Welcome to a property that offers flexibility, space, and opportunity! This well-maintained 3-bedroom, 1-bath home in the Oakridge school district is conveniently located near the lake, parks, and schools, while offering something truly special: a separate living space above the oversized detached garage. The main home features numerous updates, including a newer roof, windows, flooring, appliances, and tank. But the possibilities continue outside. Above the large detached garage is a completely renovated 2-bedroom, 1-bath non-conforming suite with its own living room, eat-in kitchen, and separate utilities. The suite includes two bedrooms measuring approximately 11x12 and 9x11, a spacious 16x20 living room, and a 17x12 kitchen/eating area. With its own newer furnace, water heater, water pump and tank, the upstairs space offers incredible flexibility. Use it as additional space for a larger household, create a comfortable area for extended family or guests, or explore the potential of a multi-generational living arrangement. The separate living space gives you options that are hard to find in this price range. The oversized garage also features a roof that is approximately three years old, and the property offers multiple parking areas. Appliances are included, including the refrigerator, range, washer and dryer in the upstairs suite. Also, walking distance to Oakridge schools. One property, two distinct living spaces, and endless possibilities — come see how this unique setup can work for you!
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FeaturesGeneralSewer Public Sewer
Heating Forced Air
Cooling Window Unit(s)
Utilities Natural Gas Available Electricity Available Cable Available Natural Gas Connected Electricity Connected Cable Connected
Possession Close Plus 6 to 29 Days
Roof Composition
Construction Materials Block Vinyl Siding
Year Built 1900
Tenant Pays Electric Water Trash Sewer Gas
Township Egelston Twp
Property Subtype 2 to 4 Units
Tax Year 2026
County Muskegon
New Construction N
Property Type Multi Family
Status Active
Directions Apple Ave E to Wolf Lake N to Olsen E to home.
City Muskegon
High School District Oakridge
Number Of Units Total 2
Lot Size Units Acres
Lot Size Square Feet 14418.0
Listing Terms MSHDA FHA Cash Conventional
Land Lease Y/N N
Tax Annual Amount 4476.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Rent Control Y/N N
Virtual Tour https://www.propertypanorama.com/instaview/wmlar/26044071
Standard Status Active
Occupancy Type Owner
Tax Assessed Value 129601
Legal Description E-1388 EGELSTON TOWNSHIP ROBERTS WOLF LAKE SUB'D LOTS 133 134 & 135
Senior Community None
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InteriorBasement Crawl Space
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Laundry Features In Garage In Unit
Total Baths 2
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ExteriorLot Features Corner Lot
Water Source Well
Total Parking 3.0
Lot Size Area 0.33
Number of Buildings 2
Spa N
Lot Dimensions 120x120x120x120
Lot Size Acres 0.33
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesList Bysolson@greenridge.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,641
- Monthly Property Taxes
- $373
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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.
Learn more about how to save NearbyMulti-family listings in Muskegon, MI
Average List Price $252,095
Percent of Sale Price 3%
About Muskegon, MI 39,458 Population
1% Since 2002
$ 28,840 Median Income
35.7 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
251624 Elementary School
249986 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/20/2026 | $259,900 | | Listed Price |