1607 Elwood St, Muskegon, MI, 49442
About This Home
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!
Getting Around
Car-Dependent
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1940
Materials
- Construction materials: Aluminum Siding
Type & Style
- Home type: MultiFamily
- Property subType: 2 to 4 Units
Interior
Basement
- Basement: Full
Bedrooms & Bathrooms
- Bedrooms: 7
- Bathrooms: 5
Heating
- Heating features: Forced Air
Interior Area
- Total interior livable area: 2,959 sqft
Property
Details
- Parcel number: 24185101002000
- Zoning description: RES
Lot
- Lot size: 4,791 sqft
- Features: Corner Lot
- Lot size dimensions: 40 x 124
Parking
- Total spaces: 6
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Strong Wind
- Lightning
- Tornado
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Muskegon County and Michigan
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,314 | $15,768 |
| Home Insurance * | $151 | $1,812 |
| Property Taxes | $238 | $2,856 |
| Electricity | $322 | $3,873 |
| Total | $2,025 | $24,300 |
Income You'd Need if You Spent...
Michigan FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-22 | Price change | $260,000 |
| 2026-07-01 | Listed for sale | $275,000 |
| 2025-04-18 | Sold | $215,000 |
| 2025-03-18 | Pending sale | $220,000 |
| 2025-03-13 | Listed for sale | $220,000 |
| 2006-01-12 | Sold | $61,000 |
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