$250,000
Ludington, MI 49431
MLS# 25040352
1 / 25
Property Description
Multi-Family Income Property - Well-maintained duplex featuring two spacious units, each offering 2 bedrooms and 1 full bathroom. The lower unit includes a living room, dining room, large kitchen, basement access with laundry area, and additional storage. The upper unit offers a similar spacious layout with comfortable living areas, a nice-sized kitchen/dining area and roomy bedrooms. Both units are currently leased to long-term tenants, with a solid rental history, making this a strong investment opportunity. This home has vinyl siding, some replacement windows, and the roof is approximately 4 years old. Each unit has separate electric and gas meters and tenant pays their own utilities. Th owner pays water/sewer. The property features paved off-street parking, a common-area entrance,
Details
Maps
Documents
Location & Property Info
Cross Streets: Lincoln
Property Sub-Type: 2 to 4 Units
Area: MasonOceanaManistee - O
Municipality: Ludington
Ownership Type: Private Owned
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 120.66
General Property Info
New Construction: No
Lot Dimensions: 60 x 140
Financial Available: Yes
Road Frontage: 200
Waterfront: No
Basement: Yes
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 2072
Total Parking Spaces: 4
School District: Ludington
Lot Measurement: Acres
Lot Square Footage: 8400
Lot Acres: 0.19
Year Built: 1900
Tax Info
Taxable Value: 33630
SEV: 64400
For Tax Year: 2025
Seller's Annual Property Tax: 1940
Tax Year: 2024
Homestead %: 0
Spec Assessment & Ty: none
Zoning: 401
Tax ID #: 53-051-432-005-00
Remarks & Misc
Public Remarks: Multi-Family Income Property - Well-maintained duplex featuring two spacious units, each offering 2 bedrooms and 1 full bathroom. The lower unit includes a living room, dining room, large kitchen, basement access with laundry area, and additional storage. The upper unit offers a similar spacious layout with comfortable living areas, a nice-sized kitchen/dining area and roomy bedrooms.
Both units are currently leased to long-term tenants, with a solid rental history, making this a strong investment opportunity. This home has vinyl siding, some replacement windows, and the roof is approximately 4 years old. Each unit has separate electric and gas meters and tenant pays their own utilities. Th owner pays water/sewer.
The property features paved off-street parking, a common-area entrance,
Legal: ADDITION NO. 2 LOT 5 BLOCK 112
Lot Description
Corner Lot: 1
Level: 1
Sidewalk: 1
Street Type
Paved: 1
Public: 1
Util Avail at Street
None: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Phone Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
Mineral Rights
Unknown: 1
Laundry Features
In Basement: 1
Exterior Material
Vinyl Siding: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Air Conditioning
None: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Driveway
Gravel: 1
Substructure
Full: 1
Michigan Basement: 1
Extras
Sep Electric Meter: 1
Sep Gas Meter: 1
Owner Pays
Sewer: 1
Water: 1
Unit 1
Unit #: 1
Unit Description: Lower
Occupied: Yes
Monthly Rent: 895
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Range Oven: 1
Refrigerator: 1
W/D Hookup: 1
Washer/Dryer: 1
Unit 2
Unit #: 2
Unit Description: Upper
Occupied: Yes
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Possession
Close Of Escrow: 1
Subject To Tenant Rights: 1
Location Property Info
County: Mason
Street #: 602
Street Name: Fifth
Suffix: Street
State: MI
Zip Code: 49431
OfficeContract Info
Status: Active
Current Price: $250,000
List Price: $250,000
Listing Date: 2025-08-10
Remarks Misc
Directions: Ludington Ave to Washington Ave, South to Fifth St, East to the property
Property Features
Laundry Features: In Basement
Exterior Material: Vinyl Siding
Roofing: Composition
Substructure: Full; Michigan Basement
Lot Description: Corner Lot; Level; Sidewalk
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at Street: None
Extras: Sep Electric Meter; Sep Gas Meter
Owner Pays: Sewer; Water
Tenant Pays: Electric; Gas
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: None
Driveway: Gravel
Street Type: Paved; Public
Mineral Rights: Unknown
Terms Available: Cash; Conventional
Possession: Close Of Escrow; Subject To Tenant Rights
Sale Conditions: None
Unit 1: Range Oven; Refrigerator; W/D Hookup; Washer/Dryer
Unit 2: Range/Oven; Refrigerator
Supplements
and a convenient location in the City of Ludington. Please note: some photos have been digitally edited to remove furnishings. Units are fully occupied48-hour notice required for all showings.
Seller's Disclosure 
Listing Office: Greenridge Realty S Rath
Listing Agent: Debby Stevenson
Last Updated: March - 25 - 2026
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.