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    1025 River Ave Iron Mountain, MI 49801

    For Sale
    $122,500

    Multi-Family, 2 Story - Iron Mountain, MI

    Property size:
    1,224 SF
    Lot size:
    0.14 Acres
    Days on Market:
    29
    Last Refresh:
    Dec 15 at 8:06 am

    Property Features for 1025 River Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Mixed Use
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
    Bedrooms
    2
    Bathrooms
    2
    APN
    051-104-361-00
    Parking features
    Garage, Garage - Attached
    Patio and Porch features
    Porch
    Exterior features
    Sidewalks, Porch
    Basement Y/N
    1
    Appliances
    Range, Refrigerator
    Size
    1,224 SF
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Electric (Heating), Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1887
    Floors in Building
    2
    Number of units
    2
    Building materials
    Asphalt, Vinyl Siding
    Architectural style
    Other

    Leeds Real Estate (906) 779-5333 [email protected]

    Listing agent KIMBERLY WEBB (906) 779-5333 License #6501341251

    Listing date Nov 17, 2025

    MLS# 50153112 Listing URL

    Copyright © 2025 Upper Peninsula Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Updated Multi-Family Income Property

    This updated two-story multi-family property, originally built in the 1800s, has been converted into two distinct apartments. The main floor apartment features a spacious layout with French doors leading into a versatile sitting area or second bedroom, a large living room, a well-equipped kitchen, and an updated bathroom. Modernized electrical systems, central air conditioning, and a 2-car attached garage are included. The upper-level apartment, accessible through a separate entrance, offers a one-bedroom, one-bath layout with a generous living room, dining room, and kitchen. The property is situated on a corner lot with a spacious yard. Located in Iron Mountain, MI, within walking distance to shopping, dining, and parks, this property is suitable for tenants seeking both comfort and convenience. The property generates $1,300 per month in rental income, with base utilities and Wi-Fi included, while tenants cover any overages. The property size is 1,224 square feet and the lot size is 0.14 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Iron Mountain
    County
    Dickinson
    State
    Michigan
    Longitude
    -88.065462
    Latitude
    45.81272

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    FAQs

    What type of property is this?
    Duplex - Charming, updated duplex near shopping, dining, and parks.
    Where is this duplex located?
    The property is located at 1025 River Ave Iron Mountain, MI.
    What is the asking price?
    The asking price for this property is $122,500.
    What are key features of this property?
    This property features: - Two distinct, updated apartments in a historic 1800s house, offering both character and modern amenities.; - Main floor apartment features a SPACIOUS layout with versatile sitting area/second bedroom, large living room, and updated kitchen and bathroom.; - Consistent rental income of $1,300 per month, making it an ATTRACTIVE investment opportunity.
    (906) 779-5333
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1025 River Ave Iron Mountain, MI 49801
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