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.
Active
Price cut: $50K (10/5)
$700,000
1164 Terrace St, Muskegon, MI 49442
5beds
5baths
4,051sqft
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
- 41 days
- 278
- 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#: 26045247
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
| Date | Event | Price |
|---|---|---|
| 10/5/2026 | Price change | $700,000-6.7%$173/sqft |
Source: | ||
| 8/26/2026 | Listed for sale | $750,000-6.3%$185/sqft |
Source: | ||
| 10/14/2024 | Listing removed | $800,000$197/sqft |
Source: | ||
| 4/3/2024 | Listed for sale | $800,000-11.1%$197/sqft |
Source: | ||
| 3/26/2024 | Listing removed | -- |
Source: | ||
| 2/19/2024 | Price change | $900,000-10%$222/sqft |
Source: | ||
| 12/5/2023 | Price change | $1,000,000-16.7%$247/sqft |
Source: | ||
| 12/4/2023 | Price change | $1,200,000+20%$296/sqft |
Source: | ||
| 11/27/2023 | Price change | $1,000,000-16.7%$247/sqft |
Source: | ||
| 11/10/2023 | Listed for sale | $1,200,000+966.7%$296/sqft |
Source: | ||
| 6/25/2021 | Sold | $112,500+25.1%$28/sqft |
Source: Public Record Report a problem | ||
| 5/3/2021 | Listed for sale | $89,900+83.5%$22/sqft |
Source: | ||
| 8/9/2018 | Sold | $49,000+9.1%$12/sqft |
Source: Public Record Report a problem | ||
| 1/13/2017 | Sold | $44,900$11/sqft |
Source: | ||
| 12/19/2016 | Pending sale | $44,900$11/sqft |
Source: Coldwell Banker Woodland-Schmidt #16059671 Report a problem | ||
| 12/9/2016 | Listed for sale | $44,900$11/sqft |
Source: Coldwell Banker Woodland Schmidt Muskegon #16059671 Report a problem | ||
| 9/10/2016 | Listing removed | $44,900$11/sqft |
Source: Five Star Real Estate #16028685 Report a problem | ||
| 7/4/2016 | Price change | $44,900-10%$11/sqft |
Source: Five Star Real Estate #16028685 Report a problem | ||
| 6/9/2016 | Listed for sale | $49,900-16.7%$12/sqft |
Source: Five Star Real Estate #16028685 Report a problem | ||
| 11/24/2015 | Listed for sale | $59,900+20%$15/sqft |
Source: Michigan Regional Information Center, LLC #15060871 Report a problem | ||
| 1/10/2014 | Sold | $49,900+103.7%$12/sqft |
Source: | ||
| 10/24/2008 | Sold | $24,500+11.4%$6/sqft |
Source: Public Record Report a problem | ||
| 7/15/2008 | Sold | $22,000-79.6%$5/sqft |
Source: Public Record Report a problem | ||
| 7/10/2007 | Sold | $107,959-9.3%$27/sqft |
Source: Public Record Report a problem | ||
| 1/6/2006 | Sold | $119,000$29/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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
Monthly payment
Est. payment








