Duplex with Walkout
1362/1366 Sauter St, Muskegon, MI 49442
For Sale
$359,900
Two residential units provide finished lower-level space, fenced yards, and private deck areas.
Property Size2,918 SF
Price / SF$123.34
Days on Market53
Property Features for 1362/1366 Sauter St
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Road Access
Amenities
walkout basement
finished basement
fenced-in backyard
decks
in-ground sprinkling
Building Details
Year Built
Buildings
Listing Agency:
Realtors-Bloomfield Hills
(248) 644-4700
Listed By:
Oak & Stone Real Estate
(248) 266-0584
Source:
Oakandstonerealestate
Added: Sep 20
Changed: Nov 10
Last Checked: Nov 10 at 8:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realtors-Bloomfield Hills
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Investment Insights
Based on property information with market context.
This 2,918-square-foot duplex, built in 1993, contains two residential units with three bedrooms and two full bathrooms per side. Both units include walkout basements with finished areas that can support additional living, recreation, or storage needs. Fresh interior paint is present throughout, and the basement at 1362 Sauter includes new carpeting.
Each unit has a fenced backyard with a deck, creating separate outdoor areas for the occupants. The property also includes an in-ground sprinkler system supplied by a separate well. Located at 1362/1366 Sauter St in Muskegon Twp, the layout supports both rental use and owner occupancy.
Each unit has a fenced backyard with a deck, creating separate outdoor areas for the occupants. The property also includes an in-ground sprinkler system supplied by a separate well. Located at 1362/1366 Sauter St in Muskegon Twp, the layout supports both rental use and owner occupancy.
Key Highlights
- Two‑unit property with 3 bedrooms and 2 full bathrooms per unit
- 2,918 square feet; built in 1993
- Both units feature walkout basements with finished space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,313
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$566,260
$566.3K
Cap Rate 7%
$404,471
$404.5K
Cap Rate 9%
$314,589
$314.6K
Market Conditions
NOI Build-Up for 2,918 SF
Gross rent
$42.7K $14.64/SF
− Vacancy
−$2.3K −$0.78/SF
EGI
$40.4K $13.86/SF
− OpEx
−$12.1K −$4.16/SF
NOI
$28.3K $9.70/SF
Area
Muskegon County, MI
Vacancy
5.32%
Lease Rate
$14.64 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$566,260
Cap Rate 7%
$404,471
Cap Rate 9%
$314,589
Alternative Uses
Best Use
Multifamily LT 5
$404.5K
$353.9K – $471.9K
NOI $28,313 @ 7.0% cap · market cap 7.87%
Second Best
Apartment 5plus
$361.0K
$315.9K – $421.2K
NOI $25,271 @ 7.0% cap · market cap 7.02%
Theoretical Best
Office A
$614.0K
$537.3K – $716.4K
NOI $42,982 @ 7.0% cap · market cap 11.94%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
336
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
$116,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Muskegon, MI
Properties on Market for Duplexes in Muskegon
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units provide finished lower-level space, fenced yards, and private deck areas.
Where is this duplex located?
The property is located at 1362/1366 Sauter St Muskegon, MI.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Two‑unit property with 3 bedrooms and 2 full bathrooms per unit; 2,918 square feet; built in 1993; Both units feature walkout basements with finished space
