Duplex with Finished Walkout
For Sale
$369,900
1362/1366 Sauter St, Muskegon, MI 49442
Two residential units offer finished lower-level space, fenced yards, decks, and well-fed in-ground sprinkling.
Property Size2,918 SF
Price / SF$126.76
Days on Market17
Property Features for 1362/1366 Sauter St
General Information
Standard status
Active
Size
2,918 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
fenced-in backyard
deck
in-ground sprinkling
walkout basement
finished basement
Building Details
Year Built
1993
Listing Agency:
B & B Realty Solutions
(810) 441-7548
Listed By:
In Network Real Estate Group
(248) 655-7955
Source:
Innetworkrealestate
Added: Sep 20
Changed: Oct 4
Last Checked: Oct 5 at 6:41PM
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 B & B Realty Solutions
Investment Insights
Based on property information with market context.
Built in 1993, this duplex contains two residential units with 2,918 square feet of total property size. Each side includes 3 bedrooms, 2 full bathrooms, a walkout basement, and finished basement space that can support additional living, recreation, or storage needs. Fresh interior paint appears throughout both units, while the basement at 1362 Sauter features new carpeting.
Both residences have fenced backyards with decks, providing separate outdoor areas for each unit. In-ground sprinkling is supplied by a separate well. Located at 1362/1366 Sauter St in Muskegon Twp, MI 49442, the property offers a two-unit layout suitable for rental occupancy or owner-occupant use.
Both residences have fenced backyards with decks, providing separate outdoor areas for each unit. In-ground sprinkling is supplied by a separate well. Located at 1362/1366 Sauter St in Muskegon Twp, MI 49442, the property offers a two-unit layout suitable for rental occupancy or owner-occupant use.
Key Highlights
- Two‑unit duplex with 2,918 square feet of total property size
- Each unit has 3 bedrooms and 2 full bathrooms
- Walkout basements with finished space on both sides
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,313
Cap Rate
7.65%
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 7.65%
Second Best
Apartment 5plus
$361.0K
$315.9K – $421.2K
NOI $25,271 @ 7.0% cap · market cap 6.83%
Theoretical Best
Hotel Hospitality
$27.40M
$23.98M – $31.97M
NOI $1,918,212 @ 7.0% cap · market cap 518.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
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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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer finished lower-level space, fenced yards, decks, and well-fed in-ground sprinkling.
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 $369,900.
What are key features of this property?
This property features: Two‑unit duplex with 2,918 square feet of total property size; Each unit has 3 bedrooms and 2 full bathrooms; Walkout basements with finished space on both sides
