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    Muskegon, MI Multifamily Properties for Sale

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    29 properties
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    Four-Unit Residential Income Property
    Updated: May 27
    Four-Unit Residential Income Property

    1223 Terrace Street, Muskegon, MI 49442

    $400,000
    4,000 sqft
    4‑unit investment property at 1223 Terrace St, Muskegon, near downtown
    All units fully remodeled between 2021 and 2024
    Vacant Unit A: $1,000/month large 1BR/1BA, available for easy showings
    Recent upgrades include new roof (2022) and new boiler (2023)
    Current rents by unit: Unit B $1,200 (3BR/2BA), Unit C $900 (2BR/1BA), Unit D $850 (1BR/1BA)
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    This listing looks promising.

    Here's a quick look at some key insights for

    1223 Terrace Street, Muskegon, MI 49442

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    • Est. Cap Rate

      8.7%
      Above avg (5.9%)

    • Est. NOI

      $35K
      Annual

    • Price @ 7% Cap

      $495K
      Above asking
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    Duplex with Oversized 3-Car Garage
    Updated: Jul 1
    Duplex with Oversized 3-Car Garage

    1473 Montgomery Avenue, Muskegon, MI 49441

    $279,900
    0.16 AC lot
    2‑family home with main level 3‑bedroom unit (current rent $1,650) and upper level possible 2‑bedroom unit (current rent $800)
    Oversized 3‑car garage plumbed for a bathroom, with potential for additional income
    Central air and forced‑air heating; vinyl siding exterior
    Natural gas available; composition roof
    Interior includes 5 bedrooms and 2 bathrooms across the home
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    Two-Unit Residential Income Property
    Two-Unit Residential Income Property

    1732 7th Street, Muskegon, MI 49441

    $165,900
    0.16 AC lot

    Two-bedroom, one-bath units with separate metering and basement laundry hookups; one unit is leased through 2027.

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    Spacious Duplex with Screened Porch
    Spacious Duplex with Screened Porch

    1093 W Southern Avenue, Muskegon, MI 49441

    $230,000
    0.11 AC lot

    Two-unit duplex with separate upper entry, multiple bedrooms, and porches, plus a full basement for storage.

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    Triplex with Separate Utilities
    Triplex with Separate Utilities

    2130 Bourdon Street, Muskegon, MI 49441

    $249,900
    0.20 AC lot

    Three occupied units with separate gas and electric meters, basement laundry, and on-site parking with a detached garage.

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    Corner Lot Turnkey Quadplex
    Corner Lot Turnkey Quadplex

    1607 Elwood Street, Muskegon, MI 49442

    $275,000
    0.11 AC lot

    Fully occupied 4-unit with professionally managed operations and recent system updates on a corner lot.

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    Remodeled 4-Unit Residential Quadplex
    Remodeled 4-Unit Residential Quadplex

    1223 Terrace Street, Muskegon, MI 49442

    $385,000
    0.20 AC lot

    Four well-maintained units with recent full interior remodeling, a new roof, and a new boiler.

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    Duplex with Screened Front Porch
    Duplex with Screened Front Porch

    1093 W Southern Ave, Muskegon, MI 49441

    $230,000
    1,600 sqft

    Two-unit duplex with flexible bedroom layouts, private upper entrance, and full basement storage.

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    Well-Maintained Triplex with Detached Garage
    Well-Maintained Triplex with Detached Garage

    2913 5th Street, Muskegon, MI 49444

    $180,000
    0.14 AC lot

    Three-unit residential property with recent exterior and interior updates, full basement, and detached garage for additional storage.

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    Two-Unit Residential Income Property
    Two-Unit Residential Income Property

    1074 W Grand Avenue, Muskegon, MI 49441

    $299,900
    0.21 AC lot

    City-approved two-unit duplex with updated major systems, a partially fenced backyard, and a detached one-stall garage.

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    Turnkey Occupied Quadplex
    Turnkey Occupied Quadplex

    1607 Elwood St, Muskegon, MI 49442

    $275,000
    3,440 sqft

    Turnkey, fully occupied four-unit property with a practical unit mix for steady income-oriented ownership.

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    Updated Duplex with Separate Utilities
    Updated Duplex with Separate Utilities

    2541 Jefferson Street, Muskegon, MI 49444

    $129,900
    0.14 AC lot

    Two updated 2-bedroom, 1-bath units with individual gas and electric meters, suited for owner-occupy or rental use.

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    Two-Unit Income Duplex
    Two-Unit Income Duplex

    2101 Peck Street, Muskegon, MI 49444

    $99,900
    2,160 sqft 0.14 AC lot

    Duplex for sale in Muskegon with two separate units, multiple bathrooms, and ample parking.

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    Three-Unit Income Property Opportunity
    Three-Unit Income Property Opportunity

    66 E Isabella Ave, Muskegon, MI 49442

    $235,000
    1,296 sqft

    Rare income property featuring a house and a duplex.

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    Three-Unit Multifamily Property
    Three-Unit Multifamily Property

    66 E Isabella Avenue, Muskegon, MI 49442

    $225,000
    0.20 AC lot

    Two-building setup includes an occupied 3BR/2BA home and a duplex with one vacant 2BR/1BA unit.

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    Two-Home Short-Term Rental Property
    Two-Home Short-Term Rental Property

    1675 Nelson Street, Muskegon, MI 49441

    $600,000
    0.12 AC lot

    Two 2-bed/1-bath homes on one lot operate as short-term rentals with a transferable STR certificate.

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    Two-Unit Residential Income Duplex
    Two-Unit Residential Income Duplex

    2101 Peck Street Unit SourceFi, Muskegon, MI 49444

    $99,900
    2,160 sqft

    Duplex configured as two separate units with multiple kitchens and bathrooms, offering flexible layout options on a high-traffic street.

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    Updated Duplex with Fenced Yard
    Updated Duplex with Fenced Yard

    1889 Robinson Street, Muskegon, MI 49441

    $225,000
    0.20 AC lot

    Recently updated 2-unit duplex with separate entrances, fenced backyard, and a garage plus driveway parking.

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    Updated Multifamily Home For Sale
    Updated Multifamily Home For Sale

    1514 6th St, Muskegon, MI 49441

    $199,900
    0.17 AC lot

    Multifamily home with updates, ideal for investors or owner-occupants.

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    Turnkey Duplex Investment Opportunity
    Turnkey Duplex Investment Opportunity

    344 Monroe Avenue, Muskegon, MI 49441

    $275,000
    0.22 AC lot

    Well-maintained duplex with two 2-bedroom, 1-bath units and an additional side lot for expanded parking or future site potential.

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    Three-Unit Residential Income Triplex
    Three-Unit Residential Income Triplex

    2130 Bourdon St, Muskegon, MI 49441

    $249,900

    All three units are occupied with separate utilities and shared basement laundry, supported by resident parking and detached garage.

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    Muskegon Multifamily Investment Opportunity
    Muskegon Multifamily Investment Opportunity

    1350 Arthur Street, Muskegon, MI 49442

    $158,500
    0.13 AC lot

    Two-unit property with reliable tenants and recent updates.

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    Downtown Muskegon Duplex Opportunity
    Downtown Muskegon Duplex Opportunity

    299 Mason Ave, Muskegon, MI 49441

    $159,900

    Two-unit building near downtown amenities with income potential.

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    Muskegon Income Property Opportunity
    Muskegon Income Property Opportunity

    810 W Southern Avenue, Muskegon, MI 49441

    $169,900
    0.22 AC lot

    Two-unit income property in Muskegon with rental certificates.

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    Muskegon, MI Multifamily Properties Market Trends and Statistics

    Explore 29 multifamily properties for sale in Muskegon, MI, showcased through 29 active listings on our real estate platform. These investment opportunities span a total of 14,656 square feet of properties for sale, with an estimated market value of $1,339,800.

    Sale prices for multifamily properties in Muskegon, MI start at $99,900, averaging $223,300, and reaching up to $400,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 20
    Quadplexes 5
    Triplexes 5
    Short term rental properties 3

    Demographics Overview

    Population 130K
    Population Growth (5Y) +6.3%
    Median Household Income $59,650
    College Educated 26.8%

    High-Yield Neighborhoods for Investment

    Identify Muskegon submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49444 $141.6K
    49441 $223.5K
    49440 $229.9K
    49442 $282.6K

    Taxes & Financing

    Tax Rate (average for all types) 4.60%
    Property Tax per SF $90.35 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Muskegon County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Muskegon County

    Retail

    Property Size Breakdown

    The majority of commercial real estate listings in Muskegon fall within the 50,000 to 100,000 square foot range.

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    Most Searched ZIP Codes in Muskegon, MI

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