About This Home

This 7-bedroom, 0-bathroom residential multi family at 1223 Terrace Street in Muskegon, MI is listed for $360,000. Built in 1899, on a 0.20 acres lot.

Key Features

  • Built in 1899
  • 0.20 acre lot
  • 4 parking spaces

Property Details

5 full
4 spaces
1899
Listing 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.

Monthly Cost Estimate

$1,925/mo

20% down · 6.5% · 30 years

Principal$260
Interest$1,560
Insurance$105

Estimates only. Actual payments may vary.

Location

1223 Terrace Street

Muskegon, MI 49442

Property Details

Construction

Wood Siding

Heating

Hot Water(Heating)

Questions & Answers

This 7-bedroom, 0-bathroom residential multi family at 1223 Terrace Street is listed at $360,000. The estimated monthly payment is $1,925 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1899, 0.20 acre lot, 4 parking spaces.

This property is listed by Kevin Cole.

KC

Kevin Cole

Agent at Bellabay Realty LLC

Listed by Bellabay Realty LLC · Broker phone: (616) 871-9200 · View on Broker Site · Broker website

MLS# 26024005· Source: Michigan Regional Information Center, LLC.· 160 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.

1223 Terrace Street, Muskegon, MI 49442

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