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Marina-View Furnished Duplex
For Sale
$438,000

706 W Loomis Street, Ludington, MI 49431

MULTI_FAMILY - Ludington, MI

Property SizeContact for details
Lot Size0.19 Acres
Days on Market812

Property Features for 706 W Loomis Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 3
Full bathrooms 3
Rooms Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 2, Bathroom 3, Basement, Bedroom 1
Parking 4
Parking features Paved or Surfaced
Basement Full
Lot features Level, Sidewalk
Elementary school district Ludington
Middle school district Ludington
High school district Ludington
Directions Ludington Avenue west of downtown, South on Ferry West on Loomis to home on right.
Subdivision MasonOceanaManistee - O
Standard status Active
APN 051-105-281-00
Lot size 0.19 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description ORIGINAL PLAT LOT 8 BLOCK 51.
Tax Annual Amount 5818
Legal Description ORIGINAL PLAT LOT 8 BLOCK 51.

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Forced Air, Radiant, Baseboard
Cooling system Window Unit(s), Central Air
Water front features Lake
Water front 1

Building Details

Year built 1910
Number of units 2
Building materials Shingle Siding, Wood Siding
Roof type Composition
Listing Agency: Homewaters, LLC
Listed By: Sean McDonald · License #6â00B5â00B0â00B1â00B3â00B0â00B2â00B0â00B9â00B7
Added: May 31, 2024 Changed: Aug 16 Last Checked: Aug 20 at 8:06PM
MLS# 24027932

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.

Built in 1910, this duplex includes two furnished rental units with three bedrooms and three bathrooms across the property. The building has shingle and wood siding, a composition roof, public sewer, and cable availability. Heating includes forced air, radiant, and baseboard systems, while cooling is provided by window units and central air. Paved parking is included.

The property offers a view of the Municipal Marina and sits two blocks from the beach and downtown Ludington. The existing units are used as rentals and are grandfathered by the city for daily, weekly, or monthly rental periods. The 0.19-acre parcel provides a compact setting for a duplex with established short-term and longer-term rental flexibility.

Key Highlights

  • Two furnished rental units with three bedrooms and three bathrooms
  • Grandfathered by the city for daily, weekly, or monthly rentals
  • View of the Municipal Marina; two blocks to the beach and downtown Ludington

Property Analytics

Current Use

The Dock House Vacation Rental

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Electrical Service Auto Parts Store Grocery & Convenience Store Daycare Center

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

Location Intelligence

Trade Area within ½ mile

520
Businesses Nearby

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

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 furnished rental units may operate on daily, weekly, or monthly terms under the city’s grandfathered status.
Where is this duplex located?
The property is located at 706 W Loomis Street Ludington, MI.
What is the asking price?
The asking price for this property is $438,000.
What are key features of this property?
This property features: Two furnished rental units with three bedrooms and three bathrooms; Grandfathered by the city for daily, weekly, or monthly rentals; View of the Municipal Marina; two blocks to the beach and downtown Ludington
More about this property
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