$223,000
Muskegon, MI 49442
MLS# 25042738
Status: Sold
1 / 37
Property Description
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
Details
Maps
Location Property Info
County: Muskegon
Street #: 1541
Street Name: Terrace
Suffix: Street
State: MI
Zip Code: 49442
Zip (4): 5082
Area: Muskegon County - M
OfficeContract Info
Status: Sold
Current Price: $223,000
List Price: $219,900
Listing Date: 2025-08-21
General Property Info
Lot Measurement: Acres
Lot Square Footage: 16248
Lot Acres: 0.37
Lot Dimensions: 124x131x124x131
Year Built: 1939
New Construction: No
Road Frontage: 124
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Total Parking Spaces: 8
Waterfront: No
School District: Muskegon
Tax Info
Tax ID #: 24-205-281-0014-00
Taxable Value: 32758
SEV: 66800
For Tax Year: 2024
Seller's Annual Property Tax: 1679
Tax Year: 2024
Spec Assessment & Ty: None Known
Zoning: R-1
Remarks Misc
Directions: From US-31 N, take the E Laketon Ave exit.
Turn right (east) onto E Laketon Ave.
Continue on E Laketon for about 1.5 miles.
Turn left onto Peck Street.
Go about 0.3 miles, then turn right onto Terrace Street.
Drive about 0.6 miles — 1541 Terrace Street will be on your right.
Status Change Info
Under Contract Date: 2025-08-26
Sold Date: 2025-09-26
Sold Price: $223,000
Access Feat
Accessibility Features: No
Unit 1
Unit Description: Back
SqFt: 818
Occupied: Yes
Monthly Rent: 995
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 2
Unit Description: Front
SqFt: 1400
Occupied: Yes
Monthly Rent: 1350
Bedrooms: 3
Bathrooms: 2
Full Baths: 2
Property Features
Exterior Material: Vinyl Siding
Roofing: Composition
Substructure: Full
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected
Util Avail at Street: Phone Available
Owner Pays: Electricity; Gas; Sewer; Trash Collection; Water
Tenant Pays: None
Heat Source: Natural Gas
Heat Type: Forced Air
Driveway: Paved; Unpaved
Street Type: Paved; Public
Terms Available: Cash; Conventional; FHA; MSHDA; VA Loan
Possession: Close Of Escrow
Sale Conditions: None
Unit 1: Deck/Patio; Range Oven; Refrigerator; W/D Hookup
Unit 2: Deck/Patio; Range/Oven; Refrigerator; W/D Hookup; Washer/Dryer
Listing Office: Five Star Real Estate-W Norton
Listing Agent: Terry Puffer
Last Updated: January - 09 - 2026
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