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

401 Prospect St
Munising, MI 49862

  • Studio
  • 2,960 sqft

$210,500

Trulia Estimate
as of Jul 14, 2026
Est. Refi. Payment $1,307/mo*
Refinance Your Home

$210,500

Trulia Estimate
as of Jul 14, 2026
Est. Refi. Payment $1,307/mo*
Refinance Your Home
Studio
2,960 sqft

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

Description

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. It is currently off market. The Trulia Estimate is $210,500, with a rent estimate of $1,075/month.

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
Less than a day ago

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 History for 401 Prospect St

DatePriceEventSource
04/23/2021$136,000Sold
RE/MAX of Michigan Solds #1124991_49862
02/26/2021$139,000PendingAgent Provided
01/25/2021$139,000Listed For SaleAgent Provided
03/07/2019$85,000Sold
RE/MAX of Michigan Solds #1112102_49862
11/15/2018$98,000PriceChange
Agent Provided
06/28/2018$189,000PendingToActiveAgent Provided
06/26/2018$189,000PendingAgent Provided
06/26/2018$189,000Listed For SaleAgent Provided

Market trends in Munising

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
35
1MoM
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Property Tax and Assessment

Year2025
Tax$4,318
Assessment$184,000
Home facts updated by county records

Nearby homes

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Assigned Schools

These are the assigned schools for 401 Prospect St.

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."
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  • 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
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  • 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. "
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LGBTQ Local Legal Protections

Apartments for Rent

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Homes for sale near 401 Prospect St

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Off Market Homes Near 401 Prospect St

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