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$223,000

  • Sold
  • Closed
  • Single Family
  • Updated 9 days ago
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Investor Special - Updated Duplex with Strong Rental Income! Discover this refreshed duplex on a double lot in Muskegon, offering excellent investment potential. Both units are currently occupied, generating $2,345/month in rental income. The front 2-level unit includes a basement, while the back unit is a convenient ranch-style layout. Recent updates include new flooring, fresh finishes, and a new deck on the front/side. Property features fenced sides and back, adding privacy and functionality. Rental terms: one unit is under a yearly lease (renewed in June) and the other operates on a month-to-month basis, providing both stability and flexibility for investors

Full Property Details for 1541 Terrace St

General

  • Sold For: $223,000
  • Taxes: $1,679
  • Status: Closed
  • Type: Single Family
  • Source: SWMRIC_MLS
  • MLS ID: 25042738
  • Added to Site: 150 day(s) ago

Parking

  • Total Spaces: 8
  • Parking Features: Paved, Unpaved

Location

  • Area: Muskegon County - M
  • County: Muskegon
  • Cross Streets: E Forest Ave & E Grand Ave
  • Driving Directions: From US-31 N, take the E Laketon Ave exit. Turn right (east) onto E Laketon Ave. Continue on E Laketon for about 1.5 miles. Turn left onto Peck Street. Go about 0.3 miles, then turn right onto Terrace Street. Drive about 0.6 miles — 1541 Terrace Street will be on your right.

Heating & Cooling

  • Heating Type: Forced Air

Utilities

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

Structural Information

  • # Buildings: 1
  • Construction: Vinyl Siding
  • Basement: Yes
  • Roof: Composition
  • Year Built: 1939

Lot Features

  • Lot Size (Acres): 0.37
  • Lot Size (Sq. Ft.): 16,248
  • Frontage: Paved
  • Zoning: R-1

Financial Considerations

  • Tax Amount: $1,679
  • Terms: VA Loan, MSHDA, FHA, Cash, Conventional
  • Landlord Pays: Trash Collection, Electricity, Water, Sewer, Gas
  • Tenant Pays: None

Disclosures and Reports

  • Legal Description: CITY OF MUSKEGON REVISED PLAT OF 1903 LOTS 14 & 15 BLK 281
  • Property ID: 24-205-281-0014-00

Listed by Five Star Real Estate-W Norton, Terry Puffer
Sold by Five Star Real Estate-W Norton, Sabrina Thompson

Listing agent

— 1541 Terrace St —

  • Terry Puffer

    Five Star Real Estate-W Norton

Get Pre-Approved Today

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with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1541 Terrace St

School District:Muskegon City School District
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1541 Terrace St

Date
Details
Price
Change
Source
9/26/2025
Sold
$223,000
1.41%
MLS
8/21/2025
Listed
$219,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Five Star Real Estate-W Norton, Terry Puffer
Sold by Five Star Real Estate-W Norton, Sabrina Thompson

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1541 Terrace Street, Muskegon, MI 49442 (MLS# 25042738) is a Single Family property that was sold at $223,000 on September 26, 2025. Want to learn more about 1541 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.