Three-Unit Rental
New
For Sale
$529,000
109 W Melendy St, Ludington, MI 49431
Corner property near downtown with harbor and channel views, plus documented options for residential redevelopment.
Property SizeContact for details
Days on Market5
Property Features for 109 W Melendy St
General Information
Standard status
Active
Property subtype
Multi-Family
Additional Details
Gross Income
$40,200
Road Access
Yes
Multifamily Units
3
Building Details
Year Built
1900
Listing Agency:
Network Realty LLC
(313) 384-0191
Listed By:
Brad Jordan Broker/Owner
(734) 223-8725
Source:
Drake-jordan
Added: Sep 13
Changed: Sep 15
Last Checked: Sep 16 at 6:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Network Realty LLC
Investment Insights
Based on property information with market context.
Built in 1900, this corner property at West Melendy Street and South Rath Avenue is configured as a three-unit rental property. The existing layout could be converted to a single-family residence, while the property’s zoning allows up to seven multifamily units. Plans have also been prepared for a 12-unit condominium concept and a nine-unit project across three buildings.
The property is located five blocks from Ludington Avenue and downtown, with views toward Harbor View Marina, the channel, and the lighthouse. An adjacent property is also available separately, creating a stated path to a larger 12-unit concept if acquired. The site offers both an existing income-producing configuration and documented redevelopment concepts.
The property is located five blocks from Ludington Avenue and downtown, with views toward Harbor View Marina, the channel, and the lighthouse. An adjacent property is also available separately, creating a stated path to a larger 12-unit concept if acquired. The site offers both an existing income-producing configuration and documented redevelopment concepts.
Key Highlights
- Three‑unit rental property at 109 W Melendy St, Ludington, MI 49431
- Zoning allows up to 7 multifamily units
- Plans prepared for a 12‑unit condo project
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
638
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Triplex - Corner property near downtown with harbor and channel views, plus documented options for residential redevelopment.
Where is this triplex located?
The property is located at 109 W Melendy St Ludington, MI.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Three‑unit rental property at 109 W Melendy St, Ludington, MI 49431; Zoning allows up to 7 multifamily units; Plans prepared for a 12‑unit condo project
