1607 Elwood Street, Muskegon, MI 49442 (MLS# 26033270)

1607 Elwood Street, Muskegon, MI 49442

New Listing

$275,000

Property Type: Multi Family Lot Size (sq. ft.): 4,966 Status: Active

Current Price: $275,000 List Date: 7/01/2026 Last Modified: 7/01/2026

Overview

Description

Turnkey, fully occupied 4-unit in an established Muskegon rental corridor -- professionally managed with strong, in-place cash flow. This solid quadplex offers 3,440 sq ft on a corner lot with a great unit mix: three 2-bedrooms and one 1-bedroom, generating $3,650 /mo. in total rent. A 3-year-old roof, brand-new high-efficiency furnace, and newer water heaters mean major systems are handled, keeping this a truly passive hold -- ideal for the portfolio builder or out-of-area investor. Functional layouts and abundant natural light keep the units easy to lease. Muskegon's rental market stays tight, with steady demand near schools, major employers, and the lakeshore. Complete rent roll and current leases are available in the docs section; additional financials available upon request. Fully leased, cash-flowing 4-units don't sit long -- schedule your private showing today!

Listing Details MLS# 26033270

Location Property Info

County: Muskegon
Street #: 1607
Street Name: Elwood
Suffix: Street
State: MI
Zip Code: 49442
Zip (4): 5873

General Property Info

Lot Measurement: Acres
Lot Square Footage: 4966
Lot Acres: 0.11
Lot Dimensions: 40x124
Year Built: 1940
New Construction: No
Cert of Compliance: No
Cert. of Compliance Exp Date: 2026-01-14
Road Frontage: 40
Total # Units: 4
# of Diff Unit Floor Plans: 4
Total # Bldgs: Yes
Total Approx. SqFt All Bldgs: 3440
Total Parking Spaces: 6
Waterfront: No
School District: Muskegon
Basement: Yes

Tax Info

Tax ID #: 24-185-101-0020-00
Taxable Value: 147600
SEV: 147600
For Tax Year: 2025
Seller's Annual Property Tax: 2709
Tax Year: 2025
Spec Assessment & Ty: None Known
Zoning: RES
Homestead %: 0

Access Feat

Accessibility Features: No

Income and Expenses

Gross Op. Inc.: 43800

More Information

Unit 1

Unit Description: A
SqFt: 924
Occupied: Yes
Monthly Rent: 1000
Bathrooms: Yes
Full Baths: Yes

Unit 2

Unit Description: B
SqFt: 750
Occupied: Yes
Monthly Rent: 935
Bathrooms: Yes
Full Baths: Yes

Unit 3

Unit Description: C
SqFt: 900
Occupied: Yes
Monthly Rent: 1035
Bathrooms: 2
Full Baths: Yes
Half Baths: Yes

Unit 4

Unit Description: D
SqFt: 385
Occupied: Yes
Monthly Rent: 800
Bathrooms: Yes
Full Baths: Yes

Location & Property Info

Cross Streets: Elwood & E. Forest
Property Sub-Type: 2 to 4 Units
Municipality: Muskegon City

Office/Contract Info

Auction or For Sale: For Sale
List Price/SqFt: 79.94

Remarks & Misc

Public Remarks: Turnkey, fully occupied 4-unit in an established Muskegon rental corridor -- professionally managed with strong, in-place cash flow. This solid quadplex offers 3,440 sq ft on a corner lot with a great unit mix: three 2-bedrooms and one 1-bedroom, generating $3,650 /mo. in total rent. A 3-year-old roof, brand-new high-efficiency furnace, and newer water heaters mean major systems are handled, keeping this a truly passive hold -- ideal for the portfolio builder or out-of-area investor. Functional layouts and abundant natural light keep the units easy to lease. Muskegon's rental market stays tight, with steady demand near schools, major employers, and the lakeshore. Complete rent roll and current leases are available in the docs section; additional financials available upon request. Fully leased, cash-flowing 4-units don't sit long -- schedule your private showing today!
Legal: CITY OF MUSKEGON CASTENHOLZ SUB DIV OF BLKS 100 101 & 103 TO 120 INCL LOT 20 BLK 101

Lot Description

Corner Lot: Yes

Util Avail at Street

Cable Available: Yes

Utilities Attached

Cable Connected: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Terms Available

Cash: Yes
Conventional: Yes
FHA: Yes
MSHDA: Yes
VA Loan: Yes

Exterior Material

Aluminum Siding: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Heat Type

Forced Air: Yes

Tenant Pays

Electric: Yes
None: Yes

Substructure

Full: Yes

Extras

Garages: Yes

Owner Pays

Gas: Yes
Sewer: Yes
Water: Yes

Possession

Close Of Escrow: Yes

Property Features

Exterior Material: Aluminum Siding Substructure: Full Lot Description: Corner Lot Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected Util Avail at Street: Cable Available Extras: Garages Owner Pays: Gas; Sewer; Water Tenant Pays: Electric; None Heat Source: Natural Gas Heat Type: Forced Air Terms Available: Cash; Conventional; FHA; MSHDA; VA Loan Possession: Close Of Escrow Sale Conditions: None

Listing Office: Clear Realty Group

Listing Agent: Tyler Johnson

Last Updated: July - 01 - 2026

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.