$385,000
1223 Terrace Street
Muskegon, MI, 49442
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.
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.
Property Details
Price:
$385,000
MLS #:
26024005
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
2 to 4 Units
Listed Date:
May 21, 2026
Lot Size:
8,712 sqft / 0.20 acres (approx)
Year Built:
1899
Schools
School District:
Muskegon
Interior
Heating
Hot Water
Exterior
Construction Materials
Wood Siding
Parking Features
Paved
Parking Spots
4
Parking Total
4
Roof
Composition
Financial
Tax Year
2025
Taxes
$1
Mortgage Calculator
Map
Current real estate data for Single Family in Muskegon as of Jul 26, 2026
440
Single Family Listed
58
Avg DOM
204
Avg $ / SqFt
$312,609
Avg List Price
Community
- Address1223 Terrace Street Muskegon MI
- CityMuskegon
- CountyMuskegon
- Zip Code49442
Subdivisions in Muskegon
- —
- Apple Carr
- Apple Carr Village
- Bloomfield Acres Condo
- Bloomfield Acres Condominium Association
- Byerley Crossing
- Castenholz Sub
- City of Muskegon Heights
- City Of Muskegon Rev Of 1903
- City/Muskegon Hts
- Cora Reed’s
- Current HOA in place Hartshorn Village
- Egelcraft
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- Fenner Glen
- FORDHAM ESTATES
- Forest Ave Add
- Harbour Towne Marina
- Horton Woods Subdivision
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- Lakeside Dunes
- LE BOEUF AVE SUB DIV
- MELLEMA SUB
- metes & bounds
- Muskegon
- MUSKEGON IMPR CO’S ANNEX #1
- North Port Villages
- Oak Park Add
- Oakview
- Park Meadows Mobile Home Community
- Peregrine Woods
- Scenic Woods
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Property Summary
- 1223 Terrace Street Muskegon MI is a Single Family for sale in Muskegon, MI, 49442. It is listed for $385,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1899. The average price per square foot for Single Family listings in Muskegon is $204. The average listing price for Single Family in Muskegon is $312,609.
1223 Terrace Street
Muskegon, MI