Great investment opportunity near the growth of downtown Muskegon. 5 total units (Triplex and Duplex) on one parcel with full occupancy. Nicely updated units including some newer appliances, updated mechanicals and new roof(s) within the last 5 years and entire exterior of the 3 plex has been repainted and is lead certified. Room to increase rents leave added value to new owner. Solid opportunity for someone!
Sold
$312,000
1231 Terrace St, Muskegon, MI 49442
7beds
5baths
2,941sqft
5+ Units
Built in 1900
-- sqft lot
$317,500 Zestimate®
$106/sqft
$923 Estimated rent
Home value
$317,500
$276,000 - $365,000
$923/mo
Zestimate® history
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$923/mo
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$1,949/mo
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Est. payment
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Zillow last checked: 7 hours ago
Listing updated: January 03, 2025 at 08:00am
Listed by:
Andrew J Grashuis 616-974-6248,
Greenridge Realty (EGR)
Bought with:
Justine S Born, 6501381428
RE/MAX of Grand Rapids (Wyomg)
Source: MichRIC,MLS#: 24051450
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 5
Heating
- Forced Air, Space Heater
Features
- Basement: Crawl Space,Full
Interior area
- Total interior livable area: 2,941 sqft
Property
Parking
- Total spaces: 5
Lot
- Size: 8,712 sqft
- Dimensions: 66 x 132
Details
- Parcel number: 24205243000900
- Zoning description: RM-1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Units
Materials
- Wood Siding
- Roof: Composition
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Utilities for property: Natural Gas Connected, Electricity Connected
Community & neighborhood
Location
- Region: Muskegon
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 11/19/2024 | Sold | $312,000+4%$106/sqft |
Source:  MichRIC #24051450 Report a problem | ||
| 10/18/2024 | Pending sale | $299,900$102/sqft |
Source: MichRIC #24051450 Report a problem | ||
| 10/10/2024 | Listed for sale | $299,900$102/sqft |
Source: MichRIC #24051450 Report a problem | ||
| 10/3/2024 | Listing removed | $299,900$102/sqft |
Source: MichRIC #24051450 Report a problem | ||
| 9/30/2024 | Listed for sale | $299,900+36.4%$102/sqft |
Source: MichRIC #24051450 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,195 +3.4% | $106,900 +28.8% |
| 2024 | $3,090 +5.5% | $83,000 +29.9% |
| 2023 | $2,929 | $63,900 +36.5% |
Find assessor info on the county website
Neighborhood: 49442
Nearby schools
GreatSchools rating
- NAMoon Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 2/10Muskegon Middle SchoolGrades: 6-8Distance: 1.4 mi
- 4/10Muskegon High SchoolGrades: 9-12Distance: 0.4 mi
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Estimated market value
$317,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$317,500
- Michigan
- Muskegon County
- Muskegon
- 49442
- 1231 Terrace St