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Updated Side-by-Side Duplex
New
For Sale
$159,900

1306 Terrace Street, Muskegon, MI 49442

Multi Family, Muskegon, MI

Property SizeContact for details
Lot Size0.12 Acres
Days on Market4

Property Features for 1306 Terrace Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description res
Bedrooms 3
Full bathrooms 2
Rooms Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 3
Parking 4
Parking features Driveway
Basement Crawl Space
Lot features Level, Corner Lot
Elementary school district Muskegon
Middle school district Muskegon
High school district Muskegon
Directions Head north on US-31 and take exit 113 for Laketon Ave. Turn left and follow Laketon for about a mile, then turn right on Getty. After a couple blocks, turn left on Nims, then left again on Irwin. In a few minutes, take a right onto Terrace & your destination will be waiting on the right!
Standard status Active
APN 24-205-259-0001-00
Lot size 0.12 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description CITY OF MUSKEGON REVISED PLAT OF 1903 WLY 77 FT LOT 1 BLK 259
Tax Annual Amount 1561
Legal Description CITY OF MUSKEGON REVISED PLAT OF 1903 WLY 77 FT LOT 1 BLK 259

Utilities

Utilities Natural Gas Available
Sewer type Public Sewer
Heating system Forced Air

Building Details

Year built 1930
Number of units 2
Building materials Vinyl Siding
Roof type Composition
Listing Agency: Legacy Real Estate Partners
Listed By: Joseph Clement
Added: Sep 24 Changed: Sep 25 Last Checked: Sep 27 at 12:06PM
MLS# 26050836

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 side-by-side duplex contains two separate residences: one with 2 bedrooms and 1 bathroom, and the other with 1 bedroom and 1 bathroom. Each unit has its own entrance and generous living areas, while original character remains part of the interior appeal. Recent improvements include replacement windows, kitchen updates, new water heaters, plumbing fixtures, lighting, carpeting, paint, and smoke and carbon monoxide detectors. The windows carry a transferable 35-year warranty, and the detectors have a 10-year term.

The property occupies a 0.12-acre corner lot with addresses on Terrace Street and Catherine Avenue. Utilities are separately metered for electric and gas, with shared water service. Additional property features include forced-air heat, vinyl siding, a composition roof, driveway parking, natural gas availability, and public sewer. Built in 1930, the duplex offers a two-unit configuration for an owner occupant or rental operator.

Key Highlights

  • Two units: 2‑bed, 1‑bath and 1‑bed, 1‑bath
  • Recent updates include windows, kitchens, water heaters, fixtures, carpet, and paint
  • 35‑year transferable window warranty

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Dental Office Furniture & Home Goods Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Hair Salon Locksmith

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

2
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,095
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?
Duplex - Two-unit property with private entrances, separate electric and gas, and refreshed interiors suited to owner occupancy or rental use.
Where is this duplex located?
The property is located at 1306 Terrace Street Muskegon, MI.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: Two units: 2‑bed, 1‑bath and 1‑bed, 1‑bath; Recent updates include windows, kitchens, water heaters, fixtures, carpet, and paint; 35‑year transferable window warranty
More about this property
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