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    602 5Th St Ludington, MI 49431

    For Sale
    $250,000

    MULTI_FAMILY - Ludington, MI

    Lot size:
    0.19 Acres
    Days on Market:
    20
    Last Refresh:
    Dec 6 at 4:06 pm

    Property Features for 602 5Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement, Bedroom 4, Bathroom 1, Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 2
    Bedrooms
    4
    APN
    53-051-432-005-00
    Parking
    4
    Parking features
    Driveway
    Basement
    Full
    Lot size
    0.19 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1900
    Number of units
    2
    Building materials
    Vinyl Siding
    Roof type
    Composition

    GREENRIDGE Realty-Ludington (231) 843-6868

    Listing agent Debby Stevenson (231) 510-5727

    Listing date Nov 17, 2025

    MLS# 25040352 Listing URL

    Copyright © 2025 Montcalm County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ludington Duplex: Investment Opportunity

    This multi-family income property is a well-maintained duplex featuring two spacious units, each with 2 bedrooms and 1 full bathroom. The lower unit includes a living room, dining room, large kitchen, basement access with a laundry area, and additional storage. The upper unit offers a similar spacious layout with comfortable living areas, a nice-sized kitchen/dining area, and roomy bedrooms. Both units are currently leased to long-term tenants, with a solid rental history, making this a strong investment opportunity. The property, located in the City of Ludington, features vinyl siding, some replacement windows, and a roof approximately 4 years old. Each unit has separate electric and gas meters, and tenants pay their own utilities, while the owner pays for water/sewer. Paved off-street parking and a common-area entrance are also featured on the 0.19-acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Clothing Store Building Supply Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ludington
    County
    Mason
    State
    Michigan
    Longitude
    -86.431933
    Latitude
    43.942415

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    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex in Ludington with long-term tenants and solid rental history.
    Where is this duplex located?
    The property is located at 602 5Th St Ludington, MI.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: - Strong income-producing duplex with long-term tenants and solid rental history.; - Each unit features a spacious 2-bedroom, 1-bathroom layout with comfortable living areas.; - Separate electric and gas meters for each unit, with tenants responsible for their own utility costs.
    (231) 510-5727
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    602 5Th St Ludington, MI 49431
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    Ludington, MI 49431
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    602 5Th St Ludington, MI 49431
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