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$385,000 -$15,000 (-3.75%) Price Reduced

  • For Sale
  • Active
  • Single Family
  • Updated 4 days ago
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Large 4-unit investment property at 1223 Terrace St, Muskegon, in an excellent location near downtown and surrounded by ongoing neighborhood revitalization.Situated in the historic McLaughlin District, a well-established neighborhood known for its historic character and proximity to downtown Muskegon. Excellent cash-flow opportunity for investors or owner-occupants. Photos available. Serious inquiries only. Current rents:Unit A - $1,000/month (large 1BR/1BA), currently vacant for easy showingsUnit B - $1,200/month (3BR/2BA)Unit C - $900/month (2BR/1BA)Unit D - $850/month (1BR/1BA) All rents offer potential for future increases. Long-term, reliable tenants with a strong payment history. Recent improvements include full remodeling of all units between 2021 and 2024, a new roof in 2022, and a new boiler in 2023.

Full Property Details for 1223 Terrace St

General

  • Price: $385,000
  • Taxes: $1
  • Status: Active
  • Type: Single Family
  • Source: SWMRIC_MLS
  • MLS ID: 26024005
  • Updated: 7/7/2026
  • Added to Site: 52 day(s) ago

Parking

  • Total Spaces: 4
  • Parking Features: Paved

Location

  • County: Muskegon
  • Cross Streets: iona

Heating & Cooling

  • Heating Type: Hot Water

Utilities

  • Cable Available: Yes
  • Utility Description: Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected

Structural Information

  • # Buildings: 1
  • Construction: Wood Siding
  • Basement: Yes
  • Roof: Composition
  • Year Built: 1899

Lot Features

  • Lot Size (Acres): 0.2
  • Lot Size (Sq. Ft.): 8,712
  • Lot Dimensions: 66 x 132
  • Frontage: Paved
  • Zoning: RM-1

Financial Considerations

  • Tax Amount: $1
  • Terms: VA Loan, FHA, Cash, Conventional
  • Landlord Pays: Gas
  • Tenant Pays: Electricity

Disclosures and Reports

  • Legal Description: CITY OF MUSKEGON REVISED PLAT OF 1903 LOT 10 BLK 243
  • Property ID: 24-205-243-0010-00

Listed by Bellabay Realty LLC, Kevin Cole

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Listing agent

— 1223 Terrace St —

  • Kevin Cole

    Bellabay Realty LLC

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 1223 Terrace St

School District:Muskegon City School District
NameGradesDistance
Muskegon Middle School
1150 Amity Avenue, Muskegon, MI 49442
6-81.4 mi
Muskegon High School
80 West Southern Avenue, Muskegon, MI 49441
8-120.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1223 Terrace St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/07/2026
Price Reduced
$385,000
-3.75%
MLS
5/21/2026
Listed
$400,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1223 Terrace St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,601
428%
$103,400
21%
2025
$682
-76%
$85,800
59%
2023
$2,826
5%
$53,800
5%
2022
$2,679
53%
$51,300
20%
2021
$1,748
1%
$42,800
15%
2020
$1,728
6%
$37,100
2%
2019
$1,636
—
$36,200
10%
2019
$1,636
2%
$32,800
27%
2018
$1,599
3%
$25,900
6%
2017
$1,550
-6%
$24,500
-10%
2016
$1,653
4%
$27,200
1%
2014
$1,591
—
$27,000
4%
2014
$1,591
7%
$26,000
2%
2013
$1,491
—
$25,400
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Bellabay Realty LLC, Kevin Cole

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1223 Terrace Street, Muskegon, MI 49442 (MLS# 26024005) is a Single Family property with 0 bedrooms and 0 full bathrooms. 1223 Terrace Street is currently listed for $385,000 and was received on May 21, 2026. Want to learn more about 1223 Terrace Street? Do you have questions about finding other Single Family real estate for sale in Muskegon? You can browse all Muskegon real estate or contact a Coldwell Banker agent to request more information.

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