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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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    Remodeled 4-Unit Residential Quadplex
    Updated: May 21
    Remodeled 4-Unit Residential Quadplex

    1223 Terrace Street, Muskegon, MI 49442

    $385,000
    0.20 AC lot
    4‑unit investment property at 1223 Terrace St (historic McLaughlin District), built in 1899
    Unit mix and rents: Unit A $1,000/mo (1BR/1BA, vacant); Unit B $1,200/mo (3BR/2BA); Unit C $900/mo (2BR/1BA); Unit D $850/mo (1BR/1BA)
    All units fully remodeled between 2021 and 2024
    Recent upgrades include a new roof in 2022
    New boiler installed in 2023; hot water heating
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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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    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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    Four-Unit Apartment Building and Garage
    Four-Unit Apartment Building and Garage

    3009&3013 Merriam Street, Muskegon Heights, MI 49444

    $299,900
    0.23 AC lot

    Four-unit apartment building on one parcel with an adjacent oversized garage generating additional rental income.

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    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 5 Active listings in Muskegon County, MI, we suggest exploring several alternatives:

    Muskegon County, MI Quadplexes Market Trends and Statistics

    Explore 5 quadplexes for sale in Muskegon County, MI, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 7,440 square feet of properties for sale, with an estimated market value of $675,000.

    Sale prices for four-unit buildings in Muskegon County, MI start at $275,000, averaging $337,500, 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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