About This Home

This 5-bedroom, 0-bathroom residential multi family at 1164 Terrace Street in Muskegon, MI is listed for $700,000. Built in 1906, on a 0.40 acres lot.

Key Features

  • Built in 1906
  • 0.40 acre lot
  • 5 parking spaces

Property Details

5 full
5 spaces
1906
Listing Description

This beautiful historic flagship home has been renovated from the studs in to create a wonderful 5 unit investment property that is turn key and ready to produce income! This property has a short term rental certificate from the City. No expense was spared in turning this property into what it is today.

From the moment you pull up charm and historical beauty abound. The exterior is beautifully landscaped and is also equipped with in-ground sprinkling for the yard and plant beds. Additional exterior notes are new roof, new windows (other than a few windows in unit 2), and professionally restored and painted siding.

The charm continues when walking up the stairs to the large wrap around front porch. Head inside and you are greeted with a beautiful common space with original hard wood floors as well as the stairway with original stair post with wonderful detail. Each unit has all new vinyl plank flooring, quartz counter tops, tile back splash, plenty of lighting, and stainless steal appliances.

Units 1 and 2 have their own in unit laundry. Units 3,4,and 5 share the laundry on the second level common space. Units are heated and cooled using mini split systems that control the temperature in each room using only electricity. All units have also been furnished and stocked with everything needed to operate as a short term rental.

This property would make a wonderful short term rental or high end rental property. Other notable details are that the floors have been leveled using gypcrete which makes sure there is zero sloping but also improves fire rating as well as reduces floor noise.

All new electrical, plumbing, insulation and HVAC. There is a fire suppression system as well. Also ring flood light cameras cover all 4 corners of the house giving 360 degree sight and sound 24/7. The exterior also has new concrete with plenty of parking. This is a great opportunity to own a beautiful landmark property in the growing Muskegon market. Listing agent is the owner.

Monthly Cost Estimate

$3,744/mo

20% down · 6.5% · 30 years

Principal$506
Interest$3,033
Insurance$204

Estimates only. Actual payments may vary.

Location

1164 Terrace Street

Muskegon, MI 49442

Property Details

Construction

Wood Siding

Parking

Driveway

Heating

Wall Furnace

Questions & Answers

This 5-bedroom, 0-bathroom residential multi family at 1164 Terrace Street is listed at $700,000. The estimated monthly payment is $3,744 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1906, 0.40 acre lot, 5 parking spaces.

This property is listed by Andrew J Straub.

AS

Andrew J Straub

Agent at Five Star Real Estate

Listed by Five Star Real Estate · Broker phone: (616) 791-1500 · View on Broker Site · Broker website

MLS# 26045247· Source: Michigan Regional Information Center, LLC.· 67 days on PropertySimple

Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1164 Terrace Street, Muskegon, MI 49442

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