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    Ironwood, MI Apartment Buildings for Sale

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    Historic Apartment Building With Mixed-Use Annex
    Updated: May 31
    Historic Apartment Building With Mixed-Use Annex

    101 N Lowell Street, Ironwood, MI 49938

    $599,000
    13,062 sqft 1.44 AC lot
    15 apartment units with a mix of studios, one-, two-, and three‑bedroom layouts
    Adjacent mixed‑use building with a 1,200‑square‑foot commercial space and 2‑bedroom apartment
    1.44‑acre property with a large gravel parking lot and detached 3‑car garage
    Three‑story brick apartment building constructed in 1920
    Full basement includes laundry room, tenant storage closets, and additional rooms
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    Multifamily Apartment Portfolio
    Updated: Jun 2
    Multifamily Apartment Portfolio

    246 Ashland Court, Ironwood, MI 49938

    $1,092,250
    18,934 sqft 1.73 AC lot
    21 rental units and 24 garages across a 1.73‑acre portfolio
    18,934 square feet of multifamily improvements built in 1975
    15‑unit brick apartment building with twelve 2‑bedroom and three 1‑bedroom units
    Three duplexes include side‑by‑side and upper/lower configurations
    Coin‑operated laundry, storage units, common bathroom, and private balconies
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    8-Unit Apartment Building with Garages
    8-Unit Apartment Building with Garages

    421 S Suffolk Street, Ironwood, MI 49938

    $424,150
    7,182 sqft 1.44 AC lot

    Bi-level property offers private outdoor space, storage, laundry, and assigned garage parking for every residence.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    21-Unit Apartment Portfolio
    21-Unit Apartment Portfolio

    246 Ashland #242, 247, 249, 302 & 304 Ashland Court, Ironwood, MI 49938

    $1,092,250

    Mixed apartment and duplex property with garages, laundry facilities, storage, and several private outdoor spaces.

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    8-Unit Apartment Building with Garages
    8-Unit Apartment Building with Garages

    421 S Suffolk Street, Ironwood, MI 49938

    $424,150
    7,160 sqft 1.44 AC lot

    Split-level multifamily property with private outdoor spaces, individual storage, and on-site laundry facilities.

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    Apartment Building with Six Units
    Apartment Building with Six Units

    1114 N Douglas Boulevard, Ironwood, MI 49938

    $339,150
    4,960 sqft 0.76 AC lot

    Six-unit apartment building with garages and coin-operated laundry facilities plus a single-family rental home.

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    21-Unit Multifamily Portfolio
    21-Unit Multifamily Portfolio

    246 Ashland Court, Ironwood, MI 49938

    $1,092,250
    1.73 AC lot

    Commercial-zoned rental portfolio with varied apartment layouts, garage rentals, and shared resident amenities.

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    8-Unit Apartment Building with Garages
    8-Unit Apartment Building with Garages

    421 S Suffolk, Ironwood, MI 49938

    $424,150

    Eight two-bedroom residences offer private outdoor space, storage, and dedicated garage parking.

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    Residential Income Property with Garages
    Residential Income Property with Garages

    1114 N Douglas Boulevard, Ironwood, MI 49938

    $339,150
    0.76 AC lot

    Seven rental units include a six-unit apartment building and a single-family home, plus four garage units and on-site parking.

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    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 9 Active listings in Ironwood, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    37-Unit Mixed-Use Property
    37-Unit Mixed-Use Property

    210 Main St W, Ashland, WI 54806

    $2,775,000
    35,078 sqft 0.48 AC lot

    Main-level storefronts complement apartments with private bathrooms and floor-by-floor coin laundry.

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    Mixed-Use Building with Apartments
    Mixed-Use Building with Apartments

    66 Brown St, Rhinelander, WI 54501

    $230,000
    8,600 sqft

    Corner property combines street-level commercial space, upper-floor apartments, and private parking in historic downtown Rhinelander.

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    Apartment Building with Storefront
    Apartment Building with Storefront

    410 Main St W, Ashland, WI 54806

    $450,000
    3,485 sqft 0.08 AC lot

    Mixed-use configuration combines a ground-floor commercial storefront with upper-level residential units.

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    Mixed-Use Building with Apartments
    Mixed-Use Building with Apartments

    66 BROWN ST N, Rhinelander, WI 54501

    $230,000
    0.21 AC lot

    Corner property combines street-level commercial space with upper-floor apartments and private parking.

    View details

    Ironwood, MI Apartment Buildings Market Trends and Statistics

    Explore 9 apartment buildings for sale in Ironwood, MI, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 51,298 square feet of properties for sale, with an estimated market value of $5,826,500.

    Sale prices for two-family homes in Ironwood, MI start at $339,150, averaging $647,388, and reaching up to $1,092,250 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 7,424
    Population Growth (5Y) -1.2%
    Median Household Income $44,379
    College Educated 32.5%

    High-Yield Neighborhoods for Investment

    Identify Ironwood submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49938 $675.3K

    Taxes & Financing

    Tax Rate (average for all types) 5.37%
    Property Tax per SF $85.36 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Gogebic County

    New Delisted

    Total CRE Inventory on Market (SF)

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