Well-Maintained Duplex Income
For Sale
$250,000
602 Fifth Street, Ludington, MI 49431
MULTI_FAMILY - Ludington, MI
Property SizeContact for details
Lot Size0.19 Acres
Days on Market80
Property Features for 602 Fifth Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
401
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 3, Basement, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 2
Parking
4
Parking features
Driveway
Basement
Full
Lot features
Level, Sidewalk, Corner Lot
Elementary school
Ludington Elementary School
Middle school
Oj Dejonge Middle School
High school
Ludington High School
Elementary school district
Ludington
Middle school district
Ludington
High school district
Ludington
Directions
Ludington Ave to Washington Ave, South to Fifth St, East to the property
Standard status
Active
APN
53-051-432-005-00
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ADDITION NO. 2 LOT 5 BLOCK 112
Tax Annual Amount
1973
Legal Description
ADDITION NO. 2 LOT 5 BLOCK 112
Utilities
Heating system
Forced Air
Building Details
Year built
1900
Number of units
2
Building materials
Vinyl Siding
Roof type
Composition
Listing Agency:
Greenridge Realty S Rath
(231) 843-6868
Listed By:
Debby Stevenson · License #6502347161
(231) 510-5727
Added: Jun 5
Changed: Jul 25
Last Checked: Aug 23 at 10:06AM
MLS# 26027472
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 well-maintained duplex offers two spacious units, each with 2 bedrooms and 1 full bathroom. The lower unit includes a living room, dining room, large kitchen, basement access with a laundry area, and additional storage. The upper unit features a similar layout with comfortable living areas, a kitchen/dining area, and roomy bedrooms. Exterior improvements include vinyl siding, some replacement windows, and an approximately four-year-old roof. Each unit has separate electric and gas meters, while the owner pays water and sewer. A common-area entrance and paved off-street parking support convenient tenant access.
The property is located at 602 Fifth Street in Ludington, Michigan (Mason County). It sits on a small lot with a paved parking area and a shared entry point for residents.
For tenants or buyers seeking a straightforward residential income setup, the duplex configuration provides two independently metered units and similar interior layouts. Utility responsibility is clearly divided, with tenants paying their own electric and gas and the owner covering water and sewer. The lower unit’s basement access for laundry and storage adds day-to-day functionality, while the roof age and partial window replacements support near-term maintenance planning. The listing also notes a solid rental history.
The property is located at 602 Fifth Street in Ludington, Michigan (Mason County). It sits on a small lot with a paved parking area and a shared entry point for residents.
For tenants or buyers seeking a straightforward residential income setup, the duplex configuration provides two independently metered units and similar interior layouts. Utility responsibility is clearly divided, with tenants paying their own electric and gas and the owner covering water and sewer. The lower unit’s basement access for laundry and storage adds day-to-day functionality, while the roof age and partial window replacements support near-term maintenance planning. The listing also notes a solid rental history.
Key Highlights
- Well‑maintained duplex with two separate 2‑bedroom, 1‑bath units
- Lower unit includes living room, dining room, large kitchen, and basement access with laundry area plus storage
- Upper unit features a similar spacious layout with kitchen/dining area and roomy bedrooms
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
115
Businesses Nearby
Explore this area
Business Placement
Demographics for 49431, MI
17,044
Population
9,959
Households
1.7
Avg Household Size
48
Median Age
29%
College-Educated
94%
High-School Grad
96.1 sq mi
ZIP Area
177
Density / Sq Mi
$63,313
Median Household Income
$36,924
Median Earnings
$850
Median Rent
$218,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two spacious 2-bedroom units with separate utility meters, paved off-street parking, and owner-paid water/sewer.
Where is this duplex located?
The property is located at 602 Fifth Street Ludington, MI.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Well‑maintained duplex with two separate 2‑bedroom, 1‑bath units; Lower unit includes living room, dining room, large kitchen, and basement access with laundry area plus storage; Upper unit features a similar spacious layout with kitchen/dining area and roomy bedrooms
