Major capital improvements already completed -- new water heaters, new furnaces, and a full renovation of Unit 1. Unit 3 was rebuilt from the studs up. The work is done; just step in and collect. Currently stabilized with reliable long-term tenants plus one booked midterm rental, this property is cash-flowing and positioned for immediate returns. Whether you're an investor adding to your Muskegon portfolio or a buyer looking to owner-occupy, the numbers work from day one. With downtown Muskegon continuing its impressive growth trajectory, upside potential here is real. Don't miss this rare opportunity to acquire a turnkey income property in one of West Michigan's most exciting markets.
Active
$325,000
263 W Muskegon Ave, Muskegon, MI 49440
5beds
4baths
2,900sqft
2 to 4 Units
Built in 1937
-- sqft lot
$305,900 Zestimate®
$112/sqft
$-- HOA
What's special
- 159 days
- 202
- 11
Zillow last checked:
Listing updated:
Listed by:
Paul H DeBoer 616-566-9031,
Apex Realty Group 616-277-1463
Source: MichRIC,MLS#: 26019126
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
Heating
- Forced Air, Wall Furnace
Features
- Basement: Full
Interior area
- Total interior livable area: 2,900 sqft
Property
Parking
- Total spaces: 6
- Parking features: Paved
Lot
- Size: 8,712 Square Feet
- Dimensions: 66 x 132
Details
- Parcel number: 24205351000400
- Zoning description: B-1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 to 4 Units
Materials
- Wood Siding
- Roof: Composition,Rubber
Condition
- New construction: No
- Year built: 1937
Utilities & green energy
- Sewer: Public Sewer, Storm Sewer
- Utilities for property: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
Community & HOA
Location
- Region: Muskegon
Financial & listing details
- Price per square foot: $112/sqft
- Tax assessed value: $80,649
- Annual tax amount: $5,200
- Date on market: 8/13/2026
- Listing terms: Cash,Conventional,Contract
- Tenant pays: Electricity, Water, Sewer, Gas
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
$305,900
$291,000 - $321,000
$1,130/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/13/2026 | Listed for sale | $325,000$112/sqft |
Source:  MichRIC #26019126 Report a problem | ||
| 7/12/2026 | Pending sale | $325,000$112/sqft |
Source: MichRIC #26019126 Report a problem | ||
| 5/1/2026 | Listed for sale | $325,000+58.5%$112/sqft |
Source: MichRIC #26019126 Report a problem | ||
| 8/28/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 8/21/2022 | Listed for rent | $1,500+200%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 8/12/2022 | Sold | $205,000-8.9%$71/sqft |
Source: MichRIC #22028459 Report a problem | ||
| 7/18/2022 | Pending sale | $225,000$78/sqft |
Source: MichRIC #22028459 Report a problem | ||
| 7/8/2022 | Listed for sale | $225,000+221.9%$78/sqft |
Source: MichRIC #22028459 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 1/31/2020 | Listing removed | $500 |
Source: Owner Report a problem | ||
| 1/28/2020 | Listed for rent | $500 |
Source: Owner Report a problem | ||
| 3/20/2018 | Sold | $69,900$24/sqft |
Source: Agent Provided Report a problem | ||
| 3/12/2018 | Listed for sale | $69,900+9.2%$24/sqft |
Source: Medendorp Real Estate Group #18008978 Report a problem | ||
| 11/9/2017 | Listing removed | $63,999$22/sqft |
Source: Medendorp Real Estate Group #17045672 Report a problem | ||
| 9/19/2017 | Price change | $63,999-1.5%$22/sqft |
Source: Medendorp Real Estate Group #17045672 Report a problem | ||
| 9/8/2017 | Listed for sale | $65,000+66.7%$22/sqft |
Source: Medendorp Real Estate Group #17045672 Report a problem | ||
| 6/7/2012 | Sold | $39,000$13/sqft |
Source: Public Record Report a problem | ||
| 5/11/2012 | Listed for sale | $39,000+200%$13/sqft |
Source: Greenridge Realty Inc. #12025696 Report a problem | ||
| 5/10/2011 | Sold | $13,000-29.7%$4/sqft |
Source: Public Record Report a problem | ||
| 3/16/2011 | Listed for sale | $18,500-47.1%$6/sqft |
Source: Coldwell Banker Woodland-Schmidt #11013053 Report a problem | ||
| 12/10/2009 | Sold | $35,000-15.2%$12/sqft |
Source: Public Record Report a problem | ||
| 6/13/2007 | Sold | $41,250$14/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,844 +3.4% | $114,700 +20.9% |
| 2024 | $4,685 +121.3% | $94,900 +27.4% |
| 2023 | $2,118 | $74,500 +47.8% |
| 2022 | -- | $50,400 +10.8% |
| 2021 | $2,038 | $45,500 +14.3% |
| 2020 | $2,038 +489.5% | $39,800 +1558.3% |
| 2018 | $346 | $2,400 -92% |
| 2017 | -- | $29,900 +5.3% |
| 2016 | -- | $28,400 -6.3% |
| 2015 | -- | $30,300 -9.3% |
| 2014 | -- | $33,400 +6.4% |
| 2013 | $366 | $31,400 +3% |
| 2012 | -- | $30,500 -7.3% |
| 2011 | -- | $32,900 |
| 2010 | -- | $32,900 +6.1% |
| 2009 | -- | $31,000 -16.4% |
| 2008 | -- | $37,100 +14.5% |
| 2007 | -- | $32,400 |
| 2006 | -- | $32,400 +5.5% |
| 2005 | -- | $30,700 +0.7% |
| 2004 | -- | $30,500 |
| 2003 | -- | -- |
| 2002 | -- | $28,000 +3.3% |
| 2001 | -- | $27,100 +27.8% |
| 2000 | -- | $21,200 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 49440
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