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  • Price cut: $50K (10/5)
    $700,000

    1164 Terrace St, Muskegon, MI 49442

    5beds
    5baths
    4,051sqft
    : 
    $5,332/mo
    Get pre-qualified
    5+ Units
    Built in 1906
    -- sqft lot
    $672,800 Zestimate®
    $173/sqft
    $-- HOA

    What's special

    New roofQuartz countertopsPlenty of lightingFire suppression systemNew windowsTile backsplash
    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.
    42 days
    279
    26

    Zillow last checked:

    Listing updated:

    Listed by:

    Andrew J Straub 616-322-7659,

    Five Star Real Estate (Grandv) 616-257-1500,

    Paul Straub 616-490-0945,

    Five Star Real Estate (Grandv)

    Source: MichRIC,MLS#: 26045247MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 5
      Heating
      • Wall Furnace
      Appliances
      • Laundry: Common Area, In Unit
      Features
      • Basement: Daylight,Full
      Interior area
      • Total interior livable area: 4,051 sqft

      Property

      Parking
      • Total spaces: 5
      • Parking features: Concrete, Driveway
      Lot
      • Size: 0.4 Acres
      • Dimensions: 132 x 132
      • Features: Flag Lot, Corner Lot
      Details
      • Parcel number: 24205230000300
      • Zoning description: R-3

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: 5+ Units
      Materials
      • Wood Siding
      • Roof: Composition
      Condition
      • New construction: No
      • Year built: 1906

      Utilities & green energy

      • Sewer: Public Sewer, Storm Sewer
      • Utilities for property: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected

      Community & HOA

      Location
      • Region: Muskegon

      Financial & listing details

      • Price per square foot: $173/sqft
      • Tax assessed value: $117,685
      • Annual tax amount: $7,064
      • Date on market: 8/26/2026
      • Listing terms: Cash,Conventional
      • Tenant pays: None, Electricity
      • Electric utility on property: Yes
      • Road surface type: Paved

        Estimated market value

        $672,800

        $639,000 - $706,000

        Not available

        Price history

        DateEventPrice
        10/5/2026Price change$700,000-6.7%$173/sqft
        Source: MichRIC #26045247 Report a problem
        8/26/2026Listed for sale$750,000-6.3%$185/sqft
        Source: MichRIC #26045247 Report a problem
        10/14/2024Listing removed$800,000$197/sqft
        Source: MichRIC #24015581 Report a problem
        4/3/2024Listed for sale$800,000-11.1%$197/sqft
        Source: MichRIC #24015581 Report a problem
        3/26/2024Listing removed--
        Source: MichRIC #23141678 Report a problem
        2/19/2024Price change$900,000-10%$222/sqft
        Source: MichRIC #23141678 Report a problem
        12/5/2023Price change$1,000,000-16.7%$247/sqft
        Source: MichRIC #23141678 Report a problem
        12/4/2023Price change$1,200,000+20%$296/sqft
        Source: MichRIC #23141678 Report a problem
        11/27/2023Price change$1,000,000-16.7%$247/sqft
        Source: MichRIC #23141678 Report a problem
        11/10/2023Listed for sale$1,200,000+966.7%$296/sqft
        Source: MichRIC #23141678 Report a problem
        6/25/2021Sold$112,500+25.1%$28/sqft
        Source: Public Record Report a problem
        5/3/2021Listed for sale$89,900+83.5%$22/sqft
        Source: MichRIC #21015088 Report a problem
        8/9/2018Sold$49,000+9.1%$12/sqft
        Source: Public Record Report a problem
        1/13/2017Sold$44,900$11/sqft
        Source: MichRIC #16059671 Report a problem
        12/19/2016Pending sale$44,900$11/sqft
        Source: Coldwell Banker Woodland-Schmidt #16059671 Report a problem
        12/9/2016Listed for sale$44,900$11/sqft
        Source: Coldwell Banker Woodland Schmidt Muskegon #16059671 Report a problem
        9/10/2016Listing removed$44,900$11/sqft
        Source: Five Star Real Estate #16028685 Report a problem
        7/4/2016Price change$44,900-10%$11/sqft
        Source: Five Star Real Estate #16028685 Report a problem
        6/9/2016Listed for sale$49,900-16.7%$12/sqft
        Source: Five Star Real Estate #16028685 Report a problem
        11/24/2015Listed for sale$59,900+20%$15/sqft
        Source: Michigan Regional Information Center, LLC #15060871 Report a problem
        1/10/2014Sold$49,900+103.7%$12/sqft
        Source: MichRIC #13046472 Report a problem
        10/24/2008Sold$24,500+11.4%$6/sqft
        Source: Public Record Report a problem
        7/15/2008Sold$22,000-79.6%$5/sqft
        Source: Public Record Report a problem
        7/10/2007Sold$107,959-9.3%$27/sqft
        Source: Public Record Report a problem
        1/6/2006Sold$119,000$29/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$6,883 +89.2%$329,400 -0.2%
        2024$3,639 +5.5%$330,100 +320%
        2023$3,449 $78,600 +42.6%
        2022-- $55,100 +80.7%
        2021$1,440 $30,500 +25.5%
        2020$1,440 +449%$24,300 +1520%
        2018$262 $1,500 -91.6%
        2017-- $17,800 +2.9%
        2016-- $17,300 +4.8%
        2015-- $16,500 +0.6%
        2014-- $16,400 +6.5%
        2013$180 $15,400 -3.8%
        2012-- $16,000 -49.5%
        2010-- $31,700 +217%
        2009-- $10,000 -81%
        2008-- $52,500 +8.9%
        2007-- $48,200
        2006-- $48,200 +2.3%
        2005-- $47,100 +1.5%
        2004-- $46,400
        Find assessor info on the county website

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        Payment breakdown

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        Climate risks

        Neighborhood: 49442

        Getting around

        74 / 100
        Very Walkable
        55 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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