Duplex with Screened Front
For Sale
$204,900
1093 West Southern Avenue, Muskegon, MI 49441
Two-unit duplex with flexible bedroom layouts, private upper entrance, and full basement storage.
Property Size1,752 SF
Price / SF$116.95
Days on Market188
Property Features for 1093 West Southern Avenue
General Information
Standard status
Active
Size
1,752 SF
Property subtype
Residential Income / Multi Family
Zoning
R-1
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,449
Amenities
Gravity, Natural Gas
true
Yes
In Basement
Building Details
Year Built
1800
Buildings
1
Listing Agency:
Legacy Real Estate Partners
Listed By:
Terry Puffer · License #6501424238
(231) 855-5001
Source:
Compass
Added: Apr 26
Changed: Oct 26
Last Checked: Oct 28 at 11:53AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$16,999
Cap Rate
8.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$339,980
$340.0K
Cap Rate 7%
$242,843
$242.8K
Cap Rate 9%
$188,878
$188.9K
Market Conditions
NOI Build-Up for 1,752 SF
Gross rent
$25.6K $14.64/SF
− Vacancy
−$1.4K −$0.78/SF
EGI
$24.3K $13.86/SF
− OpEx
−$7.3K −$4.16/SF
NOI
$17.0K $9.70/SF
Area
Muskegon County, MI
Vacancy
5.32%
Lease Rate
$14.64 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$339,980
Cap Rate 7%
$242,843
Cap Rate 9%
$188,878
Alternative Uses
Best Use
Multifamily LT 5
$242.8K
$212.5K – $283.3K
NOI $16,999 @ 7.0% cap · market cap 8.30%
Second Best
Apartment 5plus
$216.8K
$189.7K – $252.9K
NOI $15,173 @ 7.0% cap · market cap 7.41%
Theoretical Best
Hotel Hospitality
$16.45M
$14.40M – $19.20M
NOI $1,151,716 @ 7.0% cap · market cap 562.09%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
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 West Southern Avenue Muskegon, MI.
What is the asking price?
The asking price for this property is $204,900.
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
