Remodeled 4-Unit Residential
For Sale
$375,000
1223 Terrace Street, Muskegon, MI 49442
MULTI_FAMILY - Muskegon, MI
Property SizeContact for details
Lot Size0.20 Acres
Days on Market93
Property Features for 1223 Terrace Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
RM-1
Bedrooms
7
Full bathrooms
5
Rooms
Bathroom 4, Bedroom 4, Bedroom 6, Bedroom 7, Bathroom 3, Bedroom 5, Bathroom 2, Bedroom 1, Bathroom 1, Basement, Bedroom 2, Bedroom 3, Bathroom 5
Parking
4
Basement
Full
Elementary school district
Muskegon
Middle school district
Muskegon
High school district
Muskegon
Standard status
Active
APN
24-205-243-0010-00
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CITY OF MUSKEGON REVISED PLAT OF 1903 LOT 10 BLK 243
Tax Annual Amount
1
Legal Description
CITY OF MUSKEGON REVISED PLAT OF 1903 LOT 10 BLK 243
Utilities
Utilities
Cable Available
Heating system
Hot Water(Heating)
Building Details
Year built
1899
Number of units
4
Building materials
Wood Siding
Roof type
Composition
Listing Agency:
Bellabay Realty LLC
(616) 871-9200
Listed By:
Kevin Cole · License #6501392397
(616) 551-6129
Added: May 21
Changed: Jul 27
Last Checked: Aug 21 at 1:06AM
MLS# 26024005
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Investment Insights
Based on property information with market context.
This is a 4-unit multifamily residential property offering multiple income-producing units in a single building. The units were fully remodeled between 2021 and 2024. Additional recent improvements include a new roof installed in 2022 and a new boiler installed in 2023. Unit A is currently vacant, supporting straightforward showings.
The property is located at 1223 Terrace Street in Muskegon, Michigan, in the historic McLaughlin District and near downtown. The listing notes that the surrounding area is seeing ongoing neighborhood revitalization.
Per the current information provided, the units are described as follows: Unit A is a large 1BR/1BA at $1,000 per month; Unit B is a 3BR/2BA at $1,200 per month; Unit C is a 2BR/1BA at $900 per month; and Unit D is a 1BR/1BA at $850 per month.
The property is located at 1223 Terrace Street in Muskegon, Michigan, in the historic McLaughlin District and near downtown. The listing notes that the surrounding area is seeing ongoing neighborhood revitalization.
Per the current information provided, the units are described as follows: Unit A is a large 1BR/1BA at $1,000 per month; Unit B is a 3BR/2BA at $1,200 per month; Unit C is a 2BR/1BA at $900 per month; and Unit D is a 1BR/1BA at $850 per month.
Key Highlights
- Large 4‑unit investment property at 1223 Terrace St in Muskegon’s historic McLaughlin District
- Current rents: Unit A $1,000/mo (large 1BR/1BA, vacant), Unit B $1,200/mo (3BR/2BA), Unit C $900/mo (2BR/1BA), Unit D $850/mo (1BR/1BA)
- Full remodeling of all units completed between 2021 and 2024
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,276
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit multifamily building with recent unit remodeling, a new roof in 2022, and a new boiler in 2023.
Where is this quadplex located?
The property is located at 1223 Terrace Street Muskegon, MI.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Large 4‑unit investment property at 1223 Terrace St in Muskegon’s historic McLaughlin District; Current rents: Unit A $1,000/mo (large 1BR/1BA, vacant), Unit B $1,200/mo (3BR/2BA), Unit C $900/mo (2BR/1BA), Unit D $850/mo (1BR/1BA); Full remodeling of all units completed between 2021 and 2024
