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1223 Terrace Street 1 / 25
$360,000 Active

1223 Terrace Street

Muskegon, MI 49442

  • 1899Year Built
  • 0.2Acres
  • 2 to 4 UnitsType

About this property

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.

Property details

MLS #
26024005
Status
Active
Property Type
Multi Family
Sub Type
2 to 4 Units
County
Muskegon
Year Built
1899
Lot Size
66x132
Waterfront
No
Water Access
No
Taxes (annual)
$1
Days on Market
125
Parcel #
24-205-243-0010-00

Interior

Heating
Hot Water
Basement
Full

Exterior

Construction
Wood Siding
Roof
Composition

Parking

Parking
Paved

Utilities

Utilities
Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected

Schools

School District
Muskegon

Listing courtesy of Bellabay Realty LLC. Listing agent: Kevin Cole. Contact: 616-551-6129.

Copyright 2026 MichRIC, LLC. All rights reserved.

Location

Recent Activity

  1. Price reduced from $375,000 to $360,000
  2. Price reduced from $385,000 to $375,000

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Information Deemed Reliable But Not Guaranteed.

Lighthouse Realty does not display the entire MichRIC Broker Reciprocity Database on this web site; the listings of some firms have been excluded.

Updated: 10/08/26