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3-Unit Triplex with Basement
For Sale
$249,900

111 E Grand Avenue, Muskegon, MI 49442

Multi Family, Muskegon, MI

Property SizeContact for details
Lot Size0.25 Acres
Days on Market37

Property Features for 111 E Grand Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 5
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 3, Basement, Bedroom 5, Bedroom 4, Bedroom 2, Bathroom 1
Parking 4
Parking features Driveway
Basement Full
Lot features Corner Lot
Elementary school district Muskegon
Middle school district Muskegon
High school district Muskegon
Directions Peck st to Grand to home.
Standard status Active
APN 24-205-279-0001-00
Lot size 0.25 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description CITY OF MUSKEGON REVISED PLAT OF 1903 LOT 1 & N 29 FT LOT 2 BLK 279
Tax Annual Amount 2905
Legal Description CITY OF MUSKEGON REVISED PLAT OF 1903 LOT 1 & N 29 FT LOT 2 BLK 279

Utilities

Heating system Hot Water(Heating), Radiant

Building Details

Year built 1940
Number of units 3
Building materials Wood Siding
Roof type Composition
Listing Agency: Real Estate West
Listed By: Thomas A Serio · License #6502431119
Added: Aug 31 Changed: Oct 5 Last Checked: Oct 6 at 5:06AM
MLS# 26046086

Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1940, this triplex contains three occupied apartments: a three-bedroom unit on the main floor and two one-bedroom units upstairs. The main-floor residence connects to a basement with laundry and storage. Recent work includes a roof replacement 3 years ago, exterior painting 4 years ago, and a boiler replacement 5 years ago, along with cosmetic updates in the apartments.

The property occupies a 0.25-acre lot and has driveway parking. Heating is provided by hot water and radiant systems. Tenants are in leases; the owner covers gas, water, and trash, while residents pay for electricity.

Key Highlights

  • Three occupied apartments: one 3‑bedroom unit and two 1‑bedroom units
  • Main‑floor apartment has basement access with laundry and storage
  • Roof replaced 3 years ago; exterior painted 4 years ago; boiler replaced 5 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.

Lease Details

3
Residential units
100%
Occupancy

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
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - The unit mix includes a three-bedroom residence and two one-bedroom apartments, with laundry and storage space below.
Where is this triplex located?
The property is located at 111 E Grand Avenue Muskegon, MI.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Three occupied apartments: one 3‑bedroom unit and two 1‑bedroom units; Main‑floor apartment has basement access with laundry and storage; Roof replaced 3 years ago; exterior painted 4 years ago; boiler replaced 5 years ago
More about this property
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