Duplex With Enclosed
208 Greenbush Street Ironwood, MI 49938
208 Greenbush Street, Ironwood, MI, 49938
$99,000
For Sale
$99,000
MULTI_FAMILY - Conventional - Ironwood, MI
Property Size1,434 SF
Lot Size0.14 Acres
Price / SF$69.04
Days on Market68
Property Features for 208 Greenbush Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bedroom 2, Bathroom 4, Bedroom 1, Bathroom 3, Bathroom 2, Bedroom 4, Basement, Bedroom 3, Bathroom 1
- Appliances
- Range/Oven, Refrigerator
- Standard status
- Active
- Size
- 1,434 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1503
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1909
- Floors in Building
- 2
- Number of units
- 2
- Architectural style
- Conventional
Listing agency
FIRST WEBER, INC
(906) 667-6366
Listed by
GAYLE COLASSACO · License #7056294
(906) 364-0621
Added: May 17 Updated: Jul 13 at 12:03PM Checked: Jul 23 at 3:06AM
MLS# 50208148
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.
Investment Insights
Based on property information with market context.
This duplex includes two units with matching layouts: each has two bedrooms and a full bath on the upper floor, plus a pocket bath on the main floor. Units feature an enclosed front porch at the front entrance, with a living room, pocket bath, and kitchen accessible from the porch. A laundry area is located off the kitchen in each unit. The property also includes a full basement with separate panels and hot water heaters, and maintenance-free vinyl siding with a metal roof.
The duplex is located in Ironwood, with convenience to shopping, dining, schools, parks, downtown amenities, and the Iron Belle trail, as well as UTV and snowmobile trails. There is additional parking available in the back yard.
One unit is currently rented, while the vacant side has received updates including newer appliances and LVP flooring.
The duplex is located in Ironwood, with convenience to shopping, dining, schools, parks, downtown amenities, and the Iron Belle trail, as well as UTV and snowmobile trails. There is additional parking available in the back yard.
One unit is currently rented, while the vacant side has received updates including newer appliances and LVP flooring.
Key Highlights
- Duplex in Ironwood with one unit currently rented and the other side vacant
- Both units offer 2 bedrooms with a full bath on the upper floor plus a pocket bath on the main floor
- Each unit has an enclosed front porch and a laundry area off the kitchen
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $12.9k | $9.00 |
| − Vacancy | −$4.7k | −$3.31 |
| EGI | $8.2k | $5.69 |
| − OpEx | −$2.4k | −$1.71 |
| NOI | $5.7k | $3.98 |
1,434 SF · lease $9.00/SF/yr · vacancy 36.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$81.6K
$71.4K – $95.2K
NOI $5,710 @ 7.0% cap · market cap 5.77%
Second Best
Apartment 5plus
$72.9K
$63.8K – $85.0K
NOI $5,102 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$304.6K
$266.5K – $355.3K
NOI $21,319 @ 7.0% cap · market cap 21.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Two-unit duplex in Ironwood with enclosed front porches, full basement, and vinyl siding with a metal roof.
Where is this duplex located?
The property is located at 208 Greenbush Street Ironwood, MI.
What is the asking price?
The asking price for this property is $99,000.
What are key features of this property?
This property features: Duplex in Ironwood with one unit currently rented and the other side vacant; Both units offer 2 bedrooms with a full bath on the upper floor plus a pocket bath on the main floor; Each unit has an enclosed front porch and a laundry area off the kitchen
