Duplex with Screened Front
For Sale
$230,000
1093 W Southern Ave, Muskegon, MI 49441
Two-unit duplex with flexible bedroom layouts, private upper entrance, and full basement storage.
Property Size1,600 SF
Price / SF$143.75
Days on Market59
Property Features for 1093 W Southern Ave
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Investment
Additional Details
Multifamily Units
2
Building Details
Year Built
1800
Listing Agency:
Legacy Real Estate Partners
(231) 855-5001
Listed By:
Terry Puffer · License #6501424238
(231) 855-5001
Source:
Elliman
Added: Jun 3
Changed: Jul 10
Last Checked: Jul 31 at 8:58AM
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 Legacy Real Estate Partners
Investment Insights
Based on property information with market context.
This duplex offers an approximately 1,600 finished-square-foot layout with two separate residences. The main floor unit features three bedrooms and one bathroom, along with a large living room, dining area, kitchen, and an inviting screened front porch. The upper unit includes two bedrooms and one bathroom, with a private entrance plus a kitchen, family room, and porches, including a covered porch area.
The property includes a full basement that can be used for storage and utilities. It is conveniently located near downtown Muskegon, as well as schools, parks, shopping, and Lake Michigan amenities.
Well-suited for an owner who wants flexibility, the configuration allows for living in one unit while renting the other, or purchasing as a residential income property. The separate upper access and multi-room unit design support day-to-day usability for tenants, while the full basement adds functional space for belongings and mechanicals.
The property includes a full basement that can be used for storage and utilities. It is conveniently located near downtown Muskegon, as well as schools, parks, shopping, and Lake Michigan amenities.
Well-suited for an owner who wants flexibility, the configuration allows for living in one unit while renting the other, or purchasing as a residential income property. The separate upper access and multi-room unit design support day-to-day usability for tenants, while the full basement adds functional space for belongings and mechanicals.
Key Highlights
- Duplex with two units and approximately 1,600 finished SF
- Main floor unit: 3 bedrooms, 1 full bath, with large living room, dining area, kitchen, and screened front porch
- Upper unit: 2 bedrooms, 1 full bath, with private entrance and covered porch
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.4k | $14.64 |
| − Vacancy | −$1.2k | −$0.78 |
| EGI | $22.2k | $13.86 |
| − OpEx | −$6.7k | −$4.16 |
| NOI | $15.5k | $9.70 |
1,600 SF · lease $14.64/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$221.8K
$194.1K – $258.7K
NOI $15,524 @ 7.0% cap · market cap 6.75%
Second Best
Apartment 5plus
$197.9K
$173.2K – $230.9K
NOI $13,856 @ 7.0% cap · market cap 6.02%
Theoretical Best
Hotel Hospitality
$15.03M
$13.15M – $17.53M
NOI $1,051,796 @ 7.0% cap · market cap 457.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
723
Businesses Nearby
Explore this area
Business Placement
Demographics for 49441, MI
36,886
Population
16,491
Households
2.2
Avg Household Size
43
Median Age
28%
College-Educated
94%
High-School Grad
21.7 sq mi
ZIP Area
1,700
Density / Sq Mi
$65,235
Median Household Income
$38,132
Median Earnings
$1,080
Median Rent
$194,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit duplex with flexible bedroom layouts, private upper entrance, and full basement storage.
Where is this duplex located?
The property is located at 1093 W Southern Ave Muskegon, MI.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Duplex with two units and approximately 1,600 finished SF; Main floor unit: 3 bedrooms, 1 full bath, with large living room, dining area, kitchen, and screened front porch; Upper unit: 2 bedrooms, 1 full bath, with private entrance and covered porch
