Active

$325,000

263 W Muskegon Ave, Muskegon, MI 49440

5beds

4baths

2,900sqft

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2 to 4 Units

Built in 1937

-- sqft lot

$307,200 Zestimate^®

$112/sqft

$-- HOA

What's special

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.

65 days

314

21

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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: 5/1/2026
Listing terms: Cash,Conventional,Contract
Tenant pays: Electricity, Water, Sewer, Gas
Electric utility on property: Yes
Road surface type: Paved

Estimated market value

$307,200

$292,000 - $323,000

$1,350/mo

Price history

Date	Event	Price
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

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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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