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    Ironwood, MI
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    Ironwood, MI Apartment Buildings for Sale

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    Hurley, WI Bessemer, MI Gile, WI Wakefield, MI Mercer, WI Winchester, WI Mellen, WI Marenisco, MI
    8 properties
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    15-Unit Apartment Building with Commercial Space
    Updated: May 31
    15-Unit Apartment Building with Commercial Space

    101 N Lowell Street, Ironwood, MI 49938

    $599,000
    13,062 sqft 1.44 AC lot
    15 apartments: ten studios, one 1‑bedroom, two 2‑bedrooms, and one 3‑bedroom
    Adjacent #107 mixed‑use building with 1,200 SF open commercial space plus separate upper 2‑bedroom apartment
    2‑year‑old central hot water boiler and new 800 amp service with separate electrical meters
    Full basement laundry with 2 newer washers and 2 newer dryers plus tenant storage closets
    Detached 3‑car garage built in 1981 at the back of the gravel parking lot
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    This listing looks promising.

    Here's a quick look at some key insights for

    101 N Lowell Street, Ironwood, MI 49938

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    • Est. Cap Rate

      7.8%
      Above avg (5.9%)

    • Est. NOI

      $46K
      Annual

    • Price @ 7% Cap

      $664K
      Above asking

    • Property Type

      Apartments (Generic)
      Built 1922
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    Apartment Building Portfolio with Garages
    Updated: Jun 2
    Apartment Building Portfolio with Garages

    246 Ashland Court, Ironwood, MI 49938

    $1,285,000
    18,934 sqft 1.73 AC lot
    21 rental units and 24 garages on one street
    15‑unit brick apartment building with three secure entrances
    3 duplexes included, including 302/304 Ashland Court
    Coin‑operated laundry facilities, storage units, and common bathroom
    Many apartments feature private balconies
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    Apartment Building with Six Units
    Apartment Building with Six Units

    1114 N Douglas Boulevard, Ironwood, MI 49938

    $399,000
    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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    8-Unit Split-Level Apartment Building
    8-Unit Split-Level Apartment Building

    421 S Suffolk Street, Ironwood, MI 49938

    $499,000
    7,182 sqft 1.44 AC lot

    Eight two-bedroom units with private decks and dedicated garages in a split-level building built in 1970.

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

    421 S Suffolk Street, Ironwood, MI 49938

    $499,000
    7,160 sqft 1.44 AC lot

    Turnkey eight-unit apartment building on public water with patios, on-site garages, and electric baseboard heating.

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    Brick Apartment Building with Garages
    Brick Apartment Building with Garages

    246 Ashland Court, Ironwood, MI 49938

    $1,285,000
    1.73 AC lot

    Portfolio investment featuring 21 rental units and 24 garages, anchored by a 15-unit brick apartment building.

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    Residential Income Property with Garages
    Residential Income Property with Garages

    1114 N Douglas Boulevard, Ironwood, MI 49938

    $399,000
    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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    Apartment Building with Hot Tub Rooms
    Apartment Building with Hot Tub Rooms

    E6242 Snowdrift Street, Ironwood, MI 49938

    $197,500
    5,600 sqft 0.36 AC lot

    Restoration-ready six-unit apartment building with in-unit hot tub rooms, cedar-paneled full baths, and oil-fired zoned hot water heat.

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    Based on your search, we've compiled 16 Potential Opportunities for your consideration. Besides 8 Active listings in Ironwood, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    37-Unit Apartment Building with Retail
    37-Unit Apartment Building with Retail

    210 Main St W, Ashland, WI 54806

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

    Downtown Ashland mixed-use building with 37 units, five main-level storefronts, private bathrooms, and coin laundry on each floor.

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    Mixed-Use Apartment and Retail Building
    Mixed-Use Apartment and Retail Building

    210 MAIN ST W, Ashland, WI 54806

    Contact for pricing
    35,078 sqft

    37-unit building with five main-level storefronts and coin laundry on every floor.

    View details
    Mixed-Use Property with Retail and Apartments
    Mixed-Use Property with Retail and Apartments

    400-406 PELHAM ST S, Rhinelander, WI 54501

    $449,900
    0.53 AC lot

    All units are currently leased in a mixed-use building with main-level retail/office and upper-level apartment units.

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    Corner Lot Mixed-Use Property
    Corner Lot Mixed-Use Property

    400-416 PELHAM ST S, Rhinelander, WI 54501

    $549,900
    0.70 AC lot

    Two-building downtown mixed-use property with residential apartments plus retail and office space, handicap accessible.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Land Near Shepherd University
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

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    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

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    Commercial Buildable Land Parcel
    Commercial Buildable Land Parcel

    801 NW 36th Avenue, Norman, OK 73072

    $250,000
    0.74 AC lot

    Buildable lot with approximately 370 feet of frontage on NW 36th Avenue and soil/engineering testing already completed.

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    Buildable Lot for Luxury Condos
    Buildable Lot for Luxury Condos

    801 36th Ave NW, Norman, OK 73072

    $285,000
    0.74 AC lot

    0.74 acre buildable lot zoned for low-density apartments.

    View details

    Ironwood, MI Apartment Buildings Market Trends and Statistics

    Explore 8 apartment buildings for sale in Ironwood, MI, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 56,898 square feet of properties for sale, with an estimated market value of $5,162,500.

    Sale prices for two-family homes in Ironwood, MI start at $197,500, averaging $645,312, and reaching up to $1,285,000 — 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 $709.3K

    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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