602 5th St Ludington, MI 49431
Estimated payment $1,488/month
Highlights
- 1 Fireplace
- Corner Lot: Yes
- 5-minute walk to Pere Marquette Elementary Playground
- Lakeview Elementary School Rated A-
- Forced Air Heating System
About This Home
Multi-Family Income Property - Well-maintained duplex featuring two spacious units, each offering 2 bedrooms and 1 full bathroom. The lower unit includes a living room, dining room, large kitchen, basement access with laundry area, and additional storage. The upper unit offers a similar spacious layout with comfortable living areas, a nice-sized kitchen/dining area and roomy bedrooms.
Both units are currently leased to long-term tenants, with a solid rental history, making this a strong investment opportunity. This home has vinyl siding, some replacement windows, and the roof is approximately 4 years old. Each unit has separate electric and gas meters and tenant pays their own utilities. Th owner pays water/sewer.
The property features paved off-street parking, a common-area entrance, and a convenient location in the City of Ludington. Please note: some photos have been digitally edited to remove furnishings. Units are fully occupied48-hour notice required for all showings.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,940
Year Built
- Built in 1900
Lot Details
- 8,400 Sq Ft Lot
- Lot Dimensions are 60 x 140
- Corner Lot: Yes
- Level Lot
Home Design
- Composition Roof
- Vinyl Siding
Interior Spaces
- 1 Fireplace
Basement
- Basement Fills Entire Space Under The House
- Michigan Basement
- Laundry in Basement
Parking
- 4 Parking Spaces
- Gravel Driveway
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Natural Gas
- Natural Gas Connected
- Individual Gas Meter
- Cable TV Available
Community Details
- 2 Units
Listing and Financial Details
- The owner pays for water, sewer
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,941 | $64,400 | $64,400 | $0 |
| 2024 | -- | $60,400 | $60,400 | $0 |
| 2023 | -- | $56,700 | $56,700 | $0 |
| 2022 | -- | $52,000 | $0 | $0 |
| 2021 | $213 | $49,400 | $0 | $0 |
| 2020 | $213 | $41,300 | $0 | $0 |
| 2019 | -- | -- | $0 | $0 |
| 2018 | -- | -- | $0 | $0 |
| 2017 | -- | -- | $0 | $0 |
| 2016 | -- | -- | $0 | $0 |
| 2015 | -- | -- | $0 | $0 |
| 2013 | -- | -- | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/10/2025 08/10/25 | For Sale | $250,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $40,000 | -- |
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 25040352
APN: 051-432-005-00
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