Two apartment home located in Ludington. 1.5 miles from the beach. This was a complete remodel in 2007 having all new electrical, plumbing, heating, insulation, walls and flooring. New roof is only 2 years old, foundation work completed 4 years ago. Upstairs has brand new carpet after last tenant left. Downstairs has a current tenant. Current rental income is $1,500.00 per month but scheduled to increase. Great starter home for someone who can live upstairs and have the apartment downstairs pay the mortgage. This house is 1/2 mile from Pere Marquette Lake boat launch and 1.5 miles from Loomis Boat Launch and Ludington Beach. It has had multiple updates since 2007. I completely gutted it down to the studs. Downstairs has forced air furnace and upstairs has a radiant heating source. Both are natural gas. Both apt. Have full bath and laundry rooms. Water heaters are electrical. Has a cellar basement for mechanical and some storage. This house is move in ready.
Sold for $186,000
$186,000
506 5th St, Ludington, MI 49431
4beds
1,800sqft
MultiFamily
Built in 1908
-- sqft lot
$206,200 Zestimate®
$103/sqft
$1,211 Estimated rent
Home value
$206,200
$190,000 - $223,000
$1,211/mo
Zestimate® history
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced air, Radiant, Gas
Cooling
- Other
Appliances
- Included: Dishwasher, Dryer, Freezer, Microwave, Range / Oven, Refrigerator, Washer
Features
- Flooring: Tile, Carpet, Laminate
- Basement: Unfinished
Interior area
- Total interior livable area: 1,800 sqft
Property
Parking
- Total spaces: 4
- Parking features: Off-street
Features
- Exterior features: Vinyl
- Has view: Yes
- View description: City
Lot
- Size: 8,276 Square Feet
Details
- Parcel number: 05143300300
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Asphalt
Condition
- Year built: 1908
Community & HOA
Location
- Region: Ludington
Financial & listing details
- Price per square foot: $103/sqft
- Tax assessed value: $160,000
- Annual tax amount: $725
Price history
| Date | Event | Price |
|---|---|---|
| 6/17/2024 | Sold | $186,000-2.1%$103/sqft |
Source: Public Record Report a problem | ||
| 5/7/2024 | Listed for sale | $189,999+1017.6%$106/sqft |
Source: Owner Report a problem | ||
| 2/13/2007 | Sold | $17,000-35.1%$9/sqft |
Source: Public Record Report a problem | ||
| 10/3/2005 | Sold | $26,211$15/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $725 | $80,000 +260.4% |
| 2024 | -- | $22,200 +8.3% |
| 2023 | -- | $20,500 +6.8% |
| 2022 | -- | $19,200 +1.6% |
| 2021 | -- | $18,900 +0.5% |
| 2020 | -- | $18,800 +9.9% |
| 2018 | -- | $17,100 -0.6% |
| 2017 | -- | $17,200 +3.6% |
| 2016 | -- | $16,600 +25.8% |
| 2015 | -- | $13,200 -6.4% |
| 2013 | -- | $14,100 +64% |
| 2011 | -- | $8,600 -9.5% |
| 2010 | -- | $9,500 |
Find assessor info on the county website
Neighborhood: 49431
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Nearby schools
GreatSchools rating
- 7/10Ludington Elementary SchoolGrades: PK-5Distance: 1.9 mi
- 7/10O.J. DeJonge Middle SchoolGrades: 6-8Distance: 1.4 mi
- 8/10Ludington High SchoolGrades: 9-12Distance: 1.4 mi
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- Michigan
- Mason County
- Ludington
- 49431
- 506 5th St