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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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1223 Terrace St , Muskegon, MI 49442
$375,000
Est. Payment: $1,931.06/mo
0 Bed
0 Bath
0 Sqft
Status: active | Days on site: 67
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Jim Blehm
Team Owner, Realtor®
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House Description

Large 4-unit investment property at 1223 Terrace St, Muskegon, in an excellent location near downtown and surrounded by ongoing neighborhood revitalization.Situated in the historic McLaughlin District, a well-established neighborhood known for its historic character and proximity to downtown Muskegon. Excellent cash-flow opportunity for investors or owner-occupants. Photos available. Serious inquiries only. Current rents:Unit A - $1,000/month (large 1BR/1BA), currently vacant for easy showingsUnit B - $1,200/month (3BR/2BA)Unit C - $900/month (2BR/1BA)Unit D - $850/month (1BR/1BA) All rents offer potential for future increases. Long-term, reliable tenants with a strong payment history. Recent improvements include full remodeling of all units between 2021 and 2024, a new roof in 2022, and a new boiler in 2023.
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Highlights

Listed by Kevin Cole , 616-551-6129 Bellabay Realty LLC , 616-871-9200. MichRIC

Property Type

Multi-Family
Lot/Acreage
0.2

Year Built

1899

County

Muskegon

 School District

Muskegon

Listing ID

26024005

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:0
  • ▪ Full Bathrooms:
Basement:Full

Exterior Features

Garage Capacity:4
Roof:Composition
Parking Features:Paved
Principal Interest
$1,931
Taxes
$0

Home Price

$375,000

Loan Details

30 yrs
6.676%

Down Payment

20%
$75,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,931.06

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,931.06 $0.08 $0.00 $1,931.14
Yearly $23,172.73 $1.00 $0.00 $23,173.73
Total $695,181.75 $30.00 $0.00 $695,211.75
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Brian Belinger
Loan Originator
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Market insight data is pulled from the same city as the listing being viewed (Muskegon, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Southwestern Michigan Regional Information Center, LLC and is deemed reliable but not guaranteed accurate.

Data last updated: 2026-08-03T03:56:44.000Z

© 2026 MichRIC