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    724 E Ludington Ave Ludington, MI 49431

    For Sale
    $399,000

    MULTI_FAMILY - Ludington, MI

    Lot size:
    0.29 Acres
    Days on Market:
    160
    Last Refresh:
    Dec 6 at 1:06 am

    Property Features for 724 E Ludington Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 3, Bedroom 1, Bedroom 5, Bedroom 6, Bedroom 3, Bathroom 1, Bathroom 4, Bedroom 7, Bedroom 4, Bedroom 8, Bedroom 2, Basement, Bathroom 2
    Bedrooms
    8
    APN
    051-227-001-00
    Parking
    4
    Parking features
    Driveway
    Basement
    Partial
    Lot size
    0.29 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Wall Furnace, Forced Air

    Building Details

    Year built
    1898
    Number of units
    4
    Roof type
    Composition

    GREENRIDGE Realty-Ludington (231) 843-6868

    Listing agent Mary Jo Pung (231) 843-6868

    Listing date Jun 30, 2025

    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 Multi-Family Investment Opportunity

    This multi-family property features four units situated on a lot and a half in the city of Ludington. The main house contains two apartments, with an additional two separate, smaller cottages on the property. Apartment A, located on the main level of the main house, offers 3 bedrooms, 1 bathroom, and approximately 1540 square feet, along with basement access for storage and laundry. Apartment B is located upstairs in the main house and includes 2 bedrooms and 1 bathroom. Apartment C, the larger cottage, provides 2 bedrooms, 1 bathroom, and 960 square feet of living space. Apartment D, the smaller cottage, features 1 bedroom, 1 bathroom, and 391 square feet. The property is located at 724 E Ludington Avenue, Ludington, MI 49431, in Mason County. The lot size is 0.29 acres. Note that short-term rentals are not permitted on this property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ludington
    County
    Mason
    State
    Michigan
    Longitude
    -86.436828
    Latitude
    43.955322

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    FAQs

    What type of property is this?
    Quadplex - Four-unit multi-family property in the heart of Ludington, Michigan.
    Where is this quadplex located?
    The property is located at 724 E Ludington Ave Ludington, MI.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: - Four-unit multi-family apartment building.; - Located in the heart of the City of Ludington on a lot and a half.; - Includes two separate cottages in addition to the main house apartments.
    (231) 843-6868
    Request Owner's contact information
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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
    724 E Ludington Ave Ludington, MI 49431
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