Address
1164 Terrace Street, Muskegon, MI
Price
$ 750,000
Property Attributes
- MLS#26045247
- TypeMulti-Family
- Listing Status Active
- CountyMUSKEGON
- CityMuskegon
- AreaMuskegon City
- NeighborhoodMuskegon City
- Zip49442
- Style5+ Units
- Year Built1906
- Taxes$ 7064
- Price$ 750,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.4 Acres
Data Source:
Michigan Regional Information Center (MICHRIC)
Property Description
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 as 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.
| Price History | |
|---|---|
| 8/26/2026 | Listed $750,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Wall Furnace |
| Utilities | Phone Available,Natural Gas Available,Electricity Available,Cable Available,Natural Gas Connected,Electricity Connected,Cable Connected,Storm Sewer |
| Possession | Subject To Tenant Rights |
| Roof | Composition |
| Construction Materials | Wood Siding |
| Year Built | 1906 |
| Tenant Pays | None,Electric |
| Township | Muskegon City |
| Property Subtype | 5+ Units |
| Tax Year | 2023 |
| OwnerPays | Water |
| County | Muskegon |
| New Construction | No |
| Property Type | Multi Family |
| Attached Garage | No |
| Status | Active |
| Directions | Apple to Terrace,South to Home |
| City | Muskegon |
| High School District | Muskegon |
| Zoning Description | R-3 |
| Number Of Units Total | 5 |
| Lot Size Units | Acres |
| Lot Size Square Feet | 17424.0 |
| Listing Terms | Cash,Conventional |
| Land Lease Y/N | No |
| Tax Annual Amount | 7064.0 |
| Lease Renewal Y/N | No |
| Additional Parcels Y/N | No |
| Rent Control Y/N | No |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Tax Assessed Value | 117685 |
| MobileHomeRemainsYN | No |
| Legal Description | CITY OF MUSKEGON REVISED PLAT OF 1903 LOTS 3-4 BLK 230 SUBJ TO ELECTRIC ESMT L/P 4304/252 |
| Senior Community | None |
Interior Features
| Basement | Daylight,Full |
|---|---|
| Basement (Y/N) | Yes |
| Heating Y/N | Yes |
| Laundry Features | Common Area,In Unit |
Exterior Features
| Parking Features | Concrete,Driveway |
|---|---|
| Lot Features | Flag Lot,Corner Lot |
| Total Parking | 5.0 |
| Lot Size Area | 0.4 |
| Number of Buildings | 1 |
| Spa | No |
| Lot Dimensions | 132 x 132 |
| Lot Size Acres | 0.4 |
| Road Surface Type | Paved |
| Waterfront Y/N | No |
| Crops Included Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 49442
Price
Taxes
Year Built
In The Neighborhood
Muskegon
$ 750,000
730 Washington Avenue
Muskegon, MI 49441
- Type
- Multi-Family
- Rooms
- 0 Beds + 0 Baths
Muskegon
$ 225,000
1486 Montgomery Avenue
Muskegon, MI 49441
- Type
- Multi-Family
- Rooms
- 0 Beds + 2 Baths
Muskegon
$ 369,900
756 Washington Avenue # A & B
Muskegon, MI 49441
- Type
- Multi-Family
- Rooms
- 0 Beds + 2 Baths
Listing information is provided by Participants of the MichRIC MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. ©: MichRIC MLS. Last Update September 28, 2026 10:46 AM UTC
Greater Lansing Association of Realtors® (GLAR) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
