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Triplex With Updated Building Systems
For Sale
$229,900

111 E Grand Ave, Muskegon, MI 49442

Three residential units include one three-bedroom layout and two one-bedroom apartments.

Property SizeContact for details
Days on Market48

Property Features for 111 E Grand Ave

General Information

Standard status Active
Property subtype Multi-Family

Building Details

Year Built 1940
Listing Agency: Condell Wonder Land
Listed By: Beyond MI Realty
Source: Beyondmirealty
Added: Sep 1 Changed: Oct 16 Last Checked: Oct 16 at 9:00AM

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 Condell Wonder Land

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Investment Insights

Based on property information with market context.

Built in 1940, this triplex contains three residential units. The main-floor apartment has three bedrooms and connects to basement space used for laundry and storage. Two additional apartments are located upstairs, each with one bedroom. Cosmetic improvements have been completed across the units.

Building updates include a roof installed 3 years ago, exterior painting completed 4 years ago, and a boiler replaced 5 years ago. The owner covers gas, water, and trash service, while tenants are responsible for electricity. The property is located at 111 E Grand Ave in Muskegon, Michigan.

Key Highlights

  • Three‑unit configuration with one 3‑bedroom apartment and two 1‑bedroom apartments
  • Main‑floor unit includes basement access for laundry and storage
  • Roof replaced 3 years ago

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Dental Office Furniture & Home Goods Parking Lot & Garage Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Nail Salon

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

Location Intelligence

Trade Area within ½ mile

1,016
Businesses Nearby

Demographics for 49442, MI

45,342
Population
17,759
Households
2.6
Avg Household Size
37
Median Age
11%
College-Educated
87%
High-School Grad
41.0 sq mi
ZIP Area
1,106
Density / Sq Mi
$50,069
Median Household Income
$33,257
Median Earnings
$889
Median Rent
$116,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Three residential units include one three-bedroom layout and two one-bedroom apartments.
Where is this triplex located?
The property is located at 111 E Grand Ave Muskegon, MI.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Three‑unit configuration with one 3‑bedroom apartment and two 1‑bedroom apartments; Main‑floor unit includes basement access for laundry and storage; Roof replaced 3 years ago
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