Remodeled Four-Unit
For Sale
$360,000
1223 Terrace Street, Muskegon, MI 49442
Multi Family, Muskegon, MI
Property SizeContact for details
Lot Size0.20 Acres
Days on Market139
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
Basement, Bathroom 4, Bathroom 3, Bathroom 2, Bedroom 7, Bedroom 1, Bedroom 3, Bathroom 5, Bedroom 4, Bathroom 1, Bedroom 6, Bedroom 2, Bedroom 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: Oct 2
Last Checked: Oct 6 at 9:06AM
MLS# 26024005
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.
This four-unit residential property includes a mix of one-, two-, and three-bedroom layouts, with bathrooms configured across the units. One one-bedroom apartment is vacant, while the remaining residences have established occupancy. A basement adds interior utility, and the building features wood siding, a composition roof, and hot water heating.
The property sits at 1223 Terrace Street in Muskegon’s historic McLaughlin District, near downtown Muskegon. The 0.2-acre parcel supports a historic structure built in 1899. All four units were remodeled between 2021 and 2024, followed by roof replacement in 2022 and installation of a new boiler in 2023.
The property sits at 1223 Terrace Street in Muskegon’s historic McLaughlin District, near downtown Muskegon. The 0.2-acre parcel supports a historic structure built in 1899. All four units were remodeled between 2021 and 2024, followed by roof replacement in 2022 and installation of a new boiler in 2023.
Key Highlights
- Four‑unit quadplex with one-, two-, and three‑bedroom apartments
- All units remodeled between 2021 and 2024
- New roof installed in 2022
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,276
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units offer varied bedroom layouts with recent interior and building-system improvements.
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 $360,000.
What are key features of this property?
This property features: Four‑unit quadplex with one-, two-, and three‑bedroom apartments; All units remodeled between 2021 and 2024; New roof installed in 2022
