Ludington, MI Multifamily properties for sale

Updated: Apr 17

Blu Moon Mixed-Use Property

121 & 125 S James Street, Ludington, MI 49431

$849,000

8,208 sqft 0.11 AC lot

8,208‑square‑foot mixed‑use building on 0.11 acres
Operating restaurant and bar with Class C liquor license
Rooftop patio includes wet bar, open‑air seating, and covered seating
One 2‑bedroom apartment and two 1‑bedroom apartments
Two parcels at 121 and 125 S. James Street in downtown Ludington

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Updated: Jun 9

Duplex with Updated Kitchens and New Roof

504 E Dowland Street, Ludington, MI 49431

$320,000

0.08 AC lot

Two units with three bedrooms and one bathroom each, plus laundry hook‑ups
New roof installed in 2024
Siding and windows updated in 2025
Lower unit furnace and upper unit space heater installed in 2023; both water tanks in 2023
Kitchens updated in 2025; upstairs refrigerator purchased in May 2026

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Shared Well and Septic Duplex

6105 N Grace Avenue, Ludington, MI 49431

$339,000

0.40 AC lot

Two-residence duplex offering shared well and septic under one tax ID, with recent roof replacement and updated laundry systems.

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Mixed-Use Property with Rooftop Patio

121125 121 & 125 S James St, Ludington, MI 49431

$849,000

8,208 sqft

Restaurant and bar operation combined with three rental apartments, business assets, and a full dry basement.

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Two-Unit Residential Duplex

208 S Washington Avenue, Ludington, MI 49431

$189,900

0.17 AC lot

Well-maintained two one-bedroom units with a shared yard and alley access to off-street parking.

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Marina-View Furnished Duplex

706 W Loomis Street, Ludington, MI 49431

$438,000

0.19 AC lot

Two furnished rental units may operate on daily, weekly, or monthly terms under the city’s grandfathered status.

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Lakefront Marina with RV Sites

846 S Lakeshore Drive, Ludington, MI 49431

$849,900

800 sqft 1.70 AC lot

Waterfront property includes boat slips, recreational vehicle sites, and recent dock and shoreline improvements.

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RV Sites and Boat Slips

Ludington, MI 49431

$849,900

1.70 AC lot

Turnkey business opportunity with RV sites and boat slips.

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Duplex With Updated Units

504 E Dowland St, Ludington, MI 49431

$320,000

Duplex with two 3-bedroom, 1-bath units, laundry hookups, and recent exterior and kitchen upgrades.

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Boutique Hotel with 6 Units

710 West Ludington Avenue, Ludington, MI 49431

$1,900,000

Boutique hotel offering six Airbnb units, including one house, with multiple renovated deck and seating areas.

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Furnished Two-Unit Duplex

706 W Loomis Street, Ludington, MI 49431

$438,000

8,276 sqft

Furnished duplex with established daily, weekly, and monthly rental use.

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Downtown Ludington Condo with Deck

200 S Robert #54, Ludington, MI 49431

$428,000

Condo in the heart of downtown Ludington with great accessibility.

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Updated Duplex with Private Parking

405 S Madison St, Ludington, MI 49431

Contact for pricing

Two remodeled rental units offer separate entrances, individual gas and electric metering, and shared access to a private backyard.

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Based on your search, we've compiled 17 Potential Opportunities for your consideration. Besides 13 Active listings in Ludington, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Rebuilt Apartment Buildings

9523 N Business 31, Pentwater, MI 49449

$2,700,000

2.19 AC lot

Fully occupied residential property includes ten long-term rental units plus separate owner and management accommodations.

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Historic Two-Unit Duplex

259 S WYTHE STREET, Pentwater, MI 49449

$495,000

Two separate living spaces include kitchens, dining areas, and living rooms.

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Well-Maintained Duplex Investment

206 S Main St, Scottville, MI 49454

$550,000

Two-unit duplex with remodeled interiors, separate electric meters, and parking for each unit on a large lot.

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Two-Unit Duplex with Attached Garage

212214 212-214 Taylors Ct, Scottville, MI 49454

$295,000

Two residences feature open layouts, appliance packages, main-floor laundry, full basements, and covered front porches.

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Ludington, MI Multifamily Properties Market Trends and Statistics

Explore 13 multifamily properties for sale in Ludington, MI, showcased through 13 active listings on our real estate platform. These investment opportunities span a total of 25,492 square feet of properties for sale, with an estimated market value of $7,770,700.

Sale prices for multifamily properties in Ludington, MI start at $189,900, averaging $647,558, and reaching up to $1,900,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
49431	$573.2K

Neighborhood

Average Price

49431

$573.2K