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Furnished Duplex Near Beach
For Sale
$438,000

706 W Loomis Street, Ludington, MI 49431

Multi Family, Ludington, MI

Property SizeContact for details
Lot Size0.19 Acres
Days on Market859

Property Features for 706 W Loomis Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 3
Full bathrooms 3
Rooms Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 2, Basement
Parking 4
Parking features Paved or Surfaced
Basement Full
Lot features Level, Sidewalk
Elementary school district Ludington
Middle school district Ludington
High school district Ludington
Directions Ludington Avenue west of downtown, South on Ferry West on Loomis to home on right.
Subdivision MasonOceanaManistee - O
Standard status Active
APN 051-105-281-00
Lot size 0.19 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description ORIGINAL PLAT LOT 8 BLOCK 51.
Tax Annual Amount 5818
Legal Description ORIGINAL PLAT LOT 8 BLOCK 51.

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Baseboard, Radiant, Forced Air
Cooling system Central Air, Window Unit(s)
Water front features Lake
Water front 1

Building Details

Year built 1910
Number of units 2
Building materials Shingle Siding, Wood Siding
Roof type Composition
Listing Agency: Homewaters, LLC
Listed By: Sean McDonald · License #6501287294
Added: May 31, 2024 Changed: Sep 16 Last Checked: Oct 6 at 8:06AM
MLS# 24027932

Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Located at 706 W Loomis Street in Ludington, this two-unit property offers a furnished configuration with rental use already established. The city has grandfathered the units for daily, weekly, and monthly rentals, providing flexibility for continued operation. The property was built in 1910 and occupies 0.19 acres, with a basement, three bedrooms, and three bathrooms. Paved parking, public sewer, cable availability, and a composition roof are among the existing property features.

The home has a view of the Municipal Marina and sits two blocks from the beach and downtown Ludington. Heating includes forced air, radiant, and baseboard systems, while cooling is provided by central air and window units.

Key Highlights

  • Two units grandfathered for daily, weekly, and monthly rentals
  • Furnished property with established rental use
  • View of the Municipal Marina

Property Analytics

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Current Use

The Dock House Vacation Rental

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Electrical Service Auto Parts Store Grocery & Convenience Store Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

520
Businesses Nearby

Demographics for 49431, MI

17,044
Population
9,959
Households
1.7
Avg Household Size
48
Median Age
29%
College-Educated
94%
High-School Grad
96.1 sq mi
ZIP Area
177
Density / Sq Mi
$63,313
Median Household Income
$36,924
Median Earnings
$850
Median Rent
$218,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - The two-unit layout supports daily, weekly, and monthly rental use under existing city grandfathering.
Where is this duplex located?
The property is located at 706 W Loomis Street Ludington, MI.
What is the asking price?
The asking price for this property is $438,000.
What are key features of this property?
This property features: Two units grandfathered for daily, weekly, and monthly rentals; Furnished property with established rental use; View of the Municipal Marina
More about this property
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