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    212 Iron St Norway, MI 49870

    Under Contract
    For Sale
    $229,900

    Apartment,Duplex, 2 Story - Norway, MI

    Property size:
    4,348 SF
    Lot size:
    0.28 Acres
    Days on Market:
    146
    Last Refresh:
    Dec 6 at 9:06 am

    Property Features for 212 Iron St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    Multi-Family
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Dining Room, Kitchen
    Bedrooms
    8
    Bathrooms
    4
    APN
    053-101-004-00
    Parking features
    Unassigned
    Patio and Porch features
    Porch
    Exterior features
    Porch
    Basement Y/N
    1
    Appliances
    Range, Refrigerator
    Size
    4,348 SF
    Lot size
    0.28 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1940
    Floors in Building
    2
    Number of units
    4
    Building materials
    Vinyl Siding
    Architectural style
    Other

    HANSON REALTY INC (715) 324-5868

    Listing agent CARRIE TORETTA-PARTELLO (906) 774-1300 License #6501298751

    Listing date Jul 14, 2025

    MLS# 50181065 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

    Norway, MI Investment Opportunity

    This is an investment opportunity featuring two well-maintained duplexes, each with upper and lower units. These income-generating properties are suitable for investors or owner-occupants seeking additional rental income. Each unit includes either two or three bedrooms and one bathroom. Storage is available for tenants in the basement. Tenants are responsible for rent and all utilities. Improvements include window replacements in 2009, insulation and siding work on Unit 212 Iron in 2018, along with a renovated front porch. In 2023, the roofs on both units were replaced. The front porch of unit 218 Iron was redone in 2024. The total finished square footage for both buildings is 4348 square feet and the lot size is 0.28 acres. This measurement does not include the full basement square footage for either building. Both duplexes are fully functional, well cared for, and ready for new ownership.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Norway
    County
    Dickinson
    State
    Michigan
    Longitude
    -87.905985253967
    Latitude
    45.78177211209

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    FAQs

    What type of property is this?
    Quadplex - Well-maintained duplexes perfect for investors or owner-occupants.
    Where is this quadplex located?
    The property is located at 212 Iron St Norway, MI.
    What is the asking price?
    The asking price for this property is $229,900.
    What are key features of this property?
    This property features: - Income-generating duplexes ideal for investors or owner-occupants.; - Two well-maintained duplexes, each with upper and lower units.; - Recent upgrades including 2023 roof replacements on both units and porch updates.
    (906) 774-1300
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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
    212 Iron St Norway, MI 49870
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