Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    112 Little Deer Rd Iron River, MI 49935

    Sponsored
    For Sale
    Under Contract
    $369,900

    Duplex, More Than 2 Stories - Iron River, MI

    Type:Duplex
    Property size:
    2,373 SF
    Lot size:
    0.43 Acres
    Days on Market:
    19
    Last Refresh:
    Jan 25 at 1:06 pm

    Property Features for 112 Little Deer Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active Under Contract
    Zoning
    Residential
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen
    Bedrooms
    6
    Bathrooms
    3
    APN
    007-700-079-00
    Parking features
    Garage, Garage - Detached
    Patio and Porch features
    Deck
    Exterior features
    Deck, Spa/Hot Tub
    Fireplace
    1
    Appliances
    Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
    Size
    2,373 SF
    Lot size
    0.43 Acres

    Utilities

    Heating system
    Baseboard, Electric (Heating), Fireplace(s), Wall Furnace

    Building Details

    Year built
    1978
    Floors in Building
    2
    Number of units
    2
    Architectural style
    Other

    We can help!

    Listing Contact
    STEPHEN REMONDINI

    WILD RIVERS REALTY-F (800) 650-2842

    Listing agent STEPHEN REMONDINI (906) 265-7325

    Listing date Jan 7, 2026

    MLS# 50173925 Listing URL

    Copyright © 2026 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.

    Learn more

    Property Insight Report

    Overview

    Renovated Duplex with Multiple Amenities

    This residential duplex presents an investment opportunity, having undergone complete renovation including a newer roof. The property consists of two units. The lower unit features 3 bedrooms, a dining room equipped with a gas fireplace, a sauna, and a hot tub. The second unit also includes 3 bedrooms, along with 2 full bathrooms, a living room with a gas fireplace, and an outdoor area that includes another hot tub. A detached 2-car garage provides additional storage space. Situated on a 0.43-acre lot, the property encompasses a total of 2373 square feet. This property offers the potential to occupy one unit while renting out the other, or to expand an existing investment portfolio. The property is located in Iron River, MI.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Realty agency Gym & Fitness Bar & Pub Clothing Store Bed & Breakfast Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Iron River
    County
    Iron
    State
    Michigan
    Longitude
    -88.696126
    Latitude
    46.030065

    Nearby Similar for Sale

    • $295,000
      2,300 SF

      Established Restaurant on Main Street

      Turnkey restaurant with high visibility and loyal customer base.
      321 W Genesee St, Iron River, MI 49935
      View Details
    • $269,000
      2,560 SF

      Duplex Near Ski Brule Mountain

      Turn-key duplex near Ski Brule with excellent rental revenue.
      126 Big Bear Rd, Iron River, MI 49935
      View Details
    • $449,900
      11,680 SF

      Iron River Commercial Property For Sale

      High-visibility commercial property with showroom, office, and storage space.
      32 N 4Th St, Iron River, MI 49935
      View Details
    • $395,000
      18,000 SF

      Historical Church with Renovated Basement

      Unique 18,000 SF former church with turn-key living.
      121 N 5Th Ave, Iron River, MI 49935
      View Details
    • $139,500
      8,084 SF

      Historic Commercial Building, Iron River

      Historic building suitable for restaurant, office, retail, or nightclub.
      208 Cherry St, Iron River, MI 49935
      View Details
    • $349,000
      2,923 SF

      Turnkey Restaurant & Bar with Residence

      Commercial restaurant and bar with living space in Iron River.
      130 Washington Ave, Iron River, MI 49935
      View Details
    • $154,500
      4,640 SF

      Commercial Building on US-2, Michigan

      4,640 SF commercial building on 2.53 acres in Iron River.
      4159 W Us2, Iron River, MI 49935
      View Details
    • $84,500
      2,200 SF

      Iron River Duplex with Potential

      Duplex with income potential in a country setting.
      137-141 Reiman Rd, Iron River, MI 49935
      View Details
    • $298,500
      20,000 SF

      Iron River Commercial Investment Opportunity

      Commercial building with rental income potential on 4.89-acre lot.
      3257 Us2, Iron River, MI 49935
      View Details
    • $74,900
      1,200 SF

      Downtown Iron River Commercial Building

      Commercial building in downtown Iron River with ample parking.
      206 E Genesee St, Iron River, MI 49935
      View Details
    • $159,900
      3,236 SF

      Iron River Commercial Building

      Commercial building with repositioning potential in downtown Iron River.
      202 W Genesee St, Iron River, MI 49935
      View Details
    • $130,000
      1,900 SF

      Iron River Commercial/Industrial Property

      Versatile commercial property with multiple buildings and storage spaces.
      2.12 Ac. Forbes, Iron River, MI 49935
      View Details

    FAQs

    What type of property is this?
    Duplex - Completely renovated duplex featuring saunas, hot tubs, and fireplaces.
    Where is this duplex located?
    The property is located at 112 Little Deer Rd Iron River, MI.
    What is the asking price?
    The asking price for this property is $369,900.
    What are key features of this property?
    This property features: - Completely renovated duplex, offering a move-in ready investment opportunity.; - Two separate units, each with 3 bedrooms, providing flexibility for living and renting.; - Each unit includes a hot tub, offering a desirable amenity for relaxation and enjoyment.
    (906) 284-0341
    Request Owner's contact information
    112 Little Deer Rd Iron River, MI 49935
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    112 Little Deer Rd
    Iron River, MI 49935
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    112 Little Deer Rd Iron River, MI 49935
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    STEPHEN REMONDINI
    Real Estate License ID: UPAR
    (906) 284-0341
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.