66 E Isabella Ave Muskegon, MI 49442
Rare income property featuring a house and a duplex.
- Added:
- Apr 24, 2026
- Days on Market:
- 81
- Last Refresh:
- Jul 3 at 2:54 am
Property Features for 66 E Isabella Ave
General Information
- Standard status
- Active
- Size
- 1,296 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1900
Listing office Grand Rapids Market Center East (248) 259-6558
Listing date Apr 24, 2026
Source Elliman
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Investment Insights
Based on property information with market context.
Key Highlights
- Rare 3‑unit income property on a single tax parcel.
- Move‑in ready vacant 2BR/1BA unit allows for immediate occupancy or rental income.
- Existing rental income of $1,750/month from two occupied units.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.0k | $14.64 |
| − Vacancy | −$1.0k | −$0.78 |
| EGI | $18.0k | $13.86 |
| − OpEx | −$5.4k | −$4.16 |
| NOI | $12.6k | $9.70 |