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1223 Terrace

Muskegon, MI 49442
  • $375,000
  • STATUS: Active
  • ON SITE: 78 Days
  • MLS #: 26024005
Price Reduced
UPDATED: 13 min ago
$375,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1899
County:

School Ratings & Info

School District:

Description

Large 4-unit investment property at 1223 Terrace St, Muskegon, in an excellent location near downtown and surrounded by ongoing neighborhood revitalization.Situated in the historic McLaughlin District, a well-established neighborhood known for its historic character and proximity to downtown Muskegon. Excellent cash-flow opportunity for investors or owner-occupants. Photos available. Serious inquiries only.Current rents:Unit A - $1,000/month (large 1BR/1BA), currently vacant for easy showingsUnit B - $1,200/month (3BR/2BA)Unit C - $900/month (2BR/1BA)Unit D - $850/month (1BR/1BA)All rents offer potential for future increases. Long-term, reliable tenants with a strong payment history.Recent improvements include full remodeling of all units between 2021 and 2024, a new roof in 2022, and a new boiler in 2023.

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[MiRealSource] logo ©2026 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2026-08-08T18:52:02.917.
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1223 Terrace Muskegon, MI 49442

  • Price: $375,000
  • Status: Active
  • On Site: 78 Days
  • Updated: 13 min ago
  • MLS #: 26024005
0
Beds
0
Baths
0
½ Baths
0.2
Acres
1899
Built
Neighborhood:
Muskegon (61023)
County:
Muskegon
Area:
Muskegon (61023)
School District:
Muskegon Public Schools
Property Description
Large 4-unit investment property at 1223 Terrace St, Muskegon, in an excellent location near downtown and surrounded by ongoing neighborhood revitalization.Situated in the historic McLaughlin District, a well-established neighborhood known for its historic character and proximity to downtown Muskegon. Excellent cash-flow opportunity for investors or owner-occupants. Photos available. Serious inquiries only.Current rents:Unit A - $1,000/month (large 1BR/1BA), currently vacant for easy showingsUnit B - $1,200/month (3BR/2BA)Unit C - $900/month (2BR/1BA)Unit D - $850/month (1BR/1BA)All rents offer potential for future increases. Long-term, reliable tenants with a strong payment history.Recent improvements include full remodeling of all units between 2021 and 2024, a new roof in 2022, and a new boiler in 2023.
Exterior Features

Exterior Construction Wood Foundation Type Basement Frontage 198 Garage Type Additional Garage(s) Lot Size 66x132 Roads Paved Street Waterfront YN No

Interior Features

Basement YN No Fuel Type Natural Gas Heating System Hot Water

Property Features

Association Or Landlord Pays Gas Financial Terms CashConventionalFHAVA For Sale Or Rent For Sale Municipality Muskegon Principal Res Exempt YN No Property Type Multi-Family SEV 85800 Taxable Value 58649 Total Tax Amount 1 Total Tax Year 2025 Unit1 Occupied YN No Unit1 Rent Rate 1000 Unit2 Occupied YN Yes Unit2 Rent Rate 1200 Unit3 Occupied YN Yes Unit3 Rent Rate 900 Unit4 Occupied YN Yes Unit4 Rent Rate 800

Listing courtesy of Bellabay Realty LLC : (616) 871-9200.

Source MLS: MiRealSource
Originating MLS: Greater Regional AOR MLS

[MiRealSource] logoProvided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.


[MiRealSource] logo ©2026 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2026-08-08T18:52:02.917.
 
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