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1164 Terrace Street

Muskegon, Michigan 49442
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Bed 5

Bed

Bath 0

Bath

Acres0.40

Acre(Lot)

This beautiful historic flagship home has been renovated from the studs in to create a wonderful 5 unit investment property that is turn key and ready to produce income! This property has a short term rental certificate from the City. No expense was spared in turning this property into what it is today. From the moment you pull up charm and historical beauty abound. The exterior is beautifully landscaped and is also equipped with in-ground sprinkling for the yard and plant beds. Additional exterior notes are new roof, new windows (other than a few windows in unit 2), and professionally restored and painted siding. The charm continues when walking up the stairs to the large wrap around front porch.Head inside and you are greeted with a beautiful common space with original hard wood floors a s well as the stairway with original stair post with wonderful detail. Each unit has all new vinyl plank flooring, quartz counter tops, tile back splash, plenty of lighting, and stainless steal appliances. Units 1 and 2 have their own in unit laundry. Units 3,4,and 5 share the laundry on the second level common space. Units are heated and cooled using mini split systems that control the temperature in each room using only electricity. All units have also been furnished and stocked with everything needed to operate as a short term rental. This property would make a wonderful short term rental or high end rental property. Other notable details are that the floors have been leveled using gypcrete which makes sure there is zero sloping but also improves fire rating as well as reduces floor noise. All new electrical, plumbing, insulation and HVAC. There is a fire suppression system as well. Also ring flood light cameras cover all 4 corners of the house giving 360 degree sight and sound 24/7. The exterior also has new concrete with plenty of parking. This is a great opportunity to own a beautiful landmark property in the growing Muskegon market. Listing agent is the owner. Please call with any questions.

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Detail Ic Property Details

Property Type : Multifamily

Price : $750,000

AD Id : 90073403

MLS Id : 65026045247

Beds : 5

Lot Size : 0.40 Acre

Year Built : 1906

County : Muskegon

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Feature Features

  • Interior Features

    Laundry Facility,Cable Available Roof: Composition Basement Description: Daylight
  • Heating & Cooling

    Heating: Wall Furnace Heating Fuel: Electric

  • Building Information

    Year Built: 1906 Total Units: 5 Roof: Composition
  • Utility Features

    Sewer: Sewer (Sewer-Sanitary),Sewer at Street,Storm Drain
  • Water

    Public (Municipal)

  • Lot Information

    Lot Size: 0.40 Lot Dimensions: 132 x 132 Frontage Feet: 264
  • Property Information

    Financing: Cash,Conventional

  • Listing Price Information

    Original List Price: $750,000
  • Listing Information

    Possession: Subject To Tenant Rights Legal Description: CITY OF MUSKEGON REVISED PLAT OF 1903 LOTS 3-4 BLK 230 SUBJ TO ELECTRIC ESMT L/P 4304/252

  • Tax Information

    Annual Tax: $7,064 Parcel Number: 24205230000300
  • Possession

    Subject To Tenant Rights
  • Legal Information

    Legal Description: Section: CITY OF MUSKEGON REVISED PLAT OF 1903 LOTS 3-4 BLK 230 SUBJ TO ELECTRIC ESMT L/P 4304/252

  • Unit 1 Information

    # of Bedrooms: 5

  • School Information

    School District: Muskegon
  • Utility Information

    Water: Public (Municipal) Sewer: Sewer (Sewer-Sanitary),Sewer at Street,Storm Drain
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Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2026 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.

ByOwner last updated this listing 08/30/2026 @ 16:44

MLS: 65026045247 LISTED BY: Andrew J Straub , Five Star Real Estate (Grandv) 616-257-1500 SOURCE: Realcomp II Ltd

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