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Sold
    • $223,000

    1541 Terrace St, Muskegon, MI 49442

    5beds
    3baths
    2,218sqft
    2 to 4 Units
    Built in 1939
    -- sqft lot
    $222,900 Zestimate®
    $101/sqft
    $1,030 Estimated rent

    Home value

    $222,900

    $196,000 - $254,000

    $1,030/mo

    Zestimate® history
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    What's special

    Investor Special - Updated Duplex with Strong Rental Income! Discover this refreshed duplex on a double lot in Muskegon, offering excellent investment potential. Both units are currently occupied, generating $2,345/month in rental income. The front 2-level unit includes a basement, while the back unit is a convenient ranch-style layout. Recent updates include new flooring, fresh finishes, and a new deck on the front/side. Property features fenced sides and back, adding privacy and functionality. Rental terms: one unit is under a yearly lease (renewed in June) and the other operates on a month-to-month basis, providing both stability and flexibility for investors

    Zillow last checked: 7 hours ago

    Listing updated: January 14, 2026 at 01:21pm

    Listed by:

    Terry Puffer 231-855-5001,

    Five Star Real Estate-W Norton

    Bought with:

    Sabrina Thompson, 6501462092

    Five Star Real Estate-W Norton

    Source: MichRIC,MLS#: 25042738MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    Heating
    • Forced Air
    Features
    • Basement: Full
    Interior area
    • Total interior livable area: 2,218 sqft

    Property

    Parking
    • Total spaces: 8
    • Parking features: Paved, Unpaved
    Lot
    • Size: 0.37 Acres
    • Dimensions: 124 x 131 x 124 x 131
    Details
    • Parcel number: 24205281001400
    • Zoning description: R-1

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: 2 to 4 Units
    Materials
    • Vinyl Siding
    • Roof: Composition
    Condition
    • New construction: No
    • Year built: 1939

    Utilities & green energy

    • Utilities for property: Phone Available, Natural Gas Connected, Electricity Connected, Cable Connected

    Community & neighborhood

    Location
    • Region: Muskegon

    Other

    Other facts
    • Listing terms: VA Loan,MSHDA,FHA,Cash,Conventional
    • Road surface type: Paved

    Price history

    DateEventPrice
    9/26/2025Sold$223,000+1.4%$101/sqft
    Source: MichRIC #25042738 Report a problem
    8/27/2025Pending sale$219,900$99/sqft
    Source: MichRIC #25042738 Report a problem
    8/21/2025Listed for sale$219,900+164.9%$99/sqft
    Source: MichRIC #25042738 Report a problem
    6/16/2020Sold$83,000-7.7%$37/sqft
    Source: Public Record Report a problem
    3/4/2020Listing removed$89,900$41/sqft
    Source: Five Star Real Estate #20000560 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,679 +3.1%$66,800 +27.7%
    2024$1,628 +5%$52,300 +27.9%
    2023$1,551 $40,900 +33.7%

    Find assessor info on the county website

    Neighborhood: 49442

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    Estimated market value
    $222,900
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    Estimated market value
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