401 Prospect St, Munising, MI 49862
Property image
Property image
OFF MARKET

$210,600

Trulia Estimate
  • Studio
  • 2,960 sqft

401 Prospect St, Munising, MI 49862

Est. Refi. Payment $1,345/mo*
Refinance Your Home
Currently Off Market - Sold Apr 23, 2021 for $136,000

Home Value

Trulia Estimate
$211K
Since last month
Increased$5K (+2.6%)
Since last year
Increased$11K (+5.6%)
Since last sale
Increased$75K (+54.9%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +131% in the last 10 years
MonthEstimated value
2026
August 2026$211K
August 2026$209K
July 2026$205K
June 2026$205K
May 2026$205K
April 2026$198K
March 2026$197K
February 2026$204K
January 2026$198K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
115 Chestnut St, Munising, MI
0.74
Multi-Family Home
$102,000
07/24/26
4
2
1,662

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
602 Cedar St, Munising, MI 49862
0.03
$167,000
4
1.5
2,372
Recently Sold
415 Birch St, Munising, MI 49862
0.18
$96,000
3
3
2,492
Recently Sold
73 Acres Off, Munising, MI 49862
0.18
$249,000
-
-
-
For Sale
208 E Onota St, Munising, MI 49862
0.28
$195,000
3
2
2,085
Recently Sold
319 Maple St, Munising, MI 49862
0.29
$205,000
3
2
2,460
Recently Sold
130 E Onota St, Munising, MI 49862
0.30
$329,000
3
1.5
2,445
For Sale
319 E Superior St, Munising, MI 49862
0.34
$1,100,000
-
-
-
For Sale
116 W Varnum St, Munising, MI 49862
0.39
$160,000
3
2
1,389
Recently Sold
223 Lynn St, Munising, MI 49862
0.47
$224,000
3
1.5
1,601
Recently Sold
213 Lynn St, Munising, MI 49862
0.48
$165,000
4
2
2,677
Recently Sold
220 W Chocolay St, Munising, MI 49862
0.52
$110,000
2
1
637
For Sale
221 W Superior St, Munising, MI 49862
0.55
$265,000
3
1.5
1,410
For Sale

Local Information

  • Map ViewExplore the area around 401 Prospect St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family
Year Built
1930
Living Area
2,960 sqft
Price/Sqft
$71

About this House

Excellent cash flow on this fourplex in Munising. Rental properties are a great investment and hard to come by in this area. This one won't last long. Great income property to add to your portfolio or start a rental business. Three 2 bedroom units and one 1 bedroom unit. All units are occupied. Cash on cash return could easily be over 30% with 20% down. For more financial information call listing agent.
401 Prospect St, Munising, MI 49862 is a studio, 2,960 sqft multi-family built in 1930. It last sold for $136,000 on Apr 23, 2021. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $210,600, with a rent estimate of $1,033/month.

Home Details for 401 Prospect St

Interior Features

Heating & Cooling
Heating: Forced Air, GasHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 2

Property Information

Year Built
Year Built: 1930
Property Type / Style
Property Type: Multi Family

Exterior Features

Exterior Home Features
Exterior: Vinyl
Parking & Garage
Parking Space: 1

Community

Units in Building: 4

Lot Information

Lot Area: 8712 sqft

Price and Tax history

DateEventPrice
Apr 23, 2021
Source: RE/MAX of Michigan Solds #1124991_49862
Sold
$136,000
Feb 26, 2021
Source: Agent Provided
Pending
$139,000
Jan 25, 2021
Source: Agent Provided
Listed For Sale
$139,000
Mar 7, 2019
Source: RE/MAX of Michigan Solds #1112102_49862
Sold
$85,000
Nov 15, 2018
Source: Agent Provided
PriceChange
$98,000
Price decreased by 48%

Market trends in Munising

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
42
7MoM

Around this home

View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Munising

At least 2 Trulia users voted on each feature.

  • 100 % Say yards are well-kept

  • 89 % Say it's walkable to restaurants

  • 86 % Say people would walk alone at night

  • 86 % Say kids play outside

  • 70 % Say there are sidewalks

  • 67 % Say there's holiday spirit

  • 63 % Say car is needed

  • 63 % Say it's quiet

  • 60 % Say it's walkable to grocery stores

  • 60 % Say parking is easy

  • 57 % Say it's dog friendly

  • 50 % Say there's wildlife

  • 50 % Say they plan to stay for at least 5 years

  • 42 % Say neighbors are friendly

  • 20 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "It's a tourist town. Not all jobs are available all year round. some close in between winter and fall, and winter and spring. There isn't a lot of housing here either, because the people that own homes, get permits to rent their rentals to the tourists, for a day or week at a time, for more money for the rental."
    1
    Flag
  • Shaunelmhamilton
    "We have the Pictured Rocks National Lakeshore, and several waterfalls, and some lighthouses. We also have boat rides including the Pictured Rocks Boat Cruise, the Glassbottom Shipwreck Cruise, the Riptide Boat Cruise and a newer Pirate Cruise. Also have golf, miniature golf, bowling and Kewadin Casino in Christmas, MI."
    0
    Flag
  • Corey C.
    "Brownsaddition is a great neighborhood! House is close to Munising Bay marina, Hero's Baseball Field, Hillside Grocery, Muldoon's Pasty, Glass Bottom Boat Tours, and pontoon/kayak rentals. "
    0
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 401 Prospect St

  • What is 401 Prospect St estimated to be worth?
    Trulia's estimated value for 401 Prospect St in Munising, MI is $210,600.
  • What is the price history for 401 Prospect St?
    401 Prospect St in Munising, MI last sold for $136,000 in April 2021.
  • Is Munising a buyer's or seller's market?
    Munising is currently a buyer's market, based on recent for-sale activity.
  • What are the closest schools to 401 Prospect St?
    The closest schools to 401 Prospect St in Munising, MI are Munising High And Middle School (rated 5/10), William G. Mather Elementary School (Pre-K, rated 6/10).
  • Does 401 Prospect St have parking?
    Yes, 401 Prospect St in Munising, MI has on-site parking.

Apartments for Rent

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Off Market Homes Near 401 Prospect St

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Homes for sale near 401 Prospect St

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