Paul Lademan
BEDS0
BATHS
MLS#26024005
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLMuskegon
Property Description
Large 4-unit investment at 1223 Terrace St, Muskegon -- near downtown in excellent location, seeing lots of renovation in the immediate area. Current rents: Unit A $1,000 large 1BR/1BA, currently vacant for easy showings, Unit B $1,200 (3BR/2BA), Unit C $900 (2BR/1BA), Unit D $850 (1BR/1BA) -- All rents could probably be increased. Long-term, on-time tenants. Recent updates: full remodel of all units between 2021 and 2024, new roof in 2022, new boiler in 2023.3. Great cash-flow property, ideal for an investor or owner-occupier. Photos available; serious inquiries only.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full
Heating: Hot Water
Lot Size: 0.20 Acres
Roof Type: Composition
Taxes: $1
Year Built: 1899
Feature Descriptions
Exterior: Wood Siding
Lot Dimensions: 66x132
Owner Pays: Gas
Parcel Number: 24-205-243-0010-00
Parking: Paved
Parking Total: 4
Road Surface: Paved
Sub Type: 2 to 4 Units
Tenant Pays: Electric
Units: 4
Utilities: Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
Local Schools
School District: Muskegon
Listed By / Shown By
Listed By
Agency Name: Bellabay Realty LLC
Agent Name: Kevin Cole
Agency Phone: 616-871-9200
Shown By
Agent Name: Paul Lademan
Agent Phone: (989) 240-4282
Agency Title: Key Realty
 | The property comes from the Member MLS's of the Michigan Regional Information Center, LLC (MichRIC). Copyright 2026 Michigan Regional Information Center, LLC (MichRIC). All rights reserved. Information deemed reliable, but not guaranteed. Data Last Updated 05/22/2026. |
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Estimated Payment
$ 2,354.24 per month $2,237.49 Principal & Interest $0.08 Property Tax $116.67 Homeowner's InsuranceChange Payment Information
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1223 Terrace Street | MLS# 26024005
This multi-family property located at 1223 Terrace Street, Muskegon, MI 49442 is currently listed for sale with an asking price of $400,000. Terrace Street is located within the Muskegon school district. Search Muskegon real estate on paullademan.ikeyrealty.com today.