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    Two-Unit Residential Income Property Title is generated by Realmo AI

    310 N 18th Street, Escanaba, MI 49829

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    Claim this Listing
    For Sale
    $129,900

    MULTI_FAMILY - Conventional - Escanaba, MI

    Property size:
    1,661 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $78/SF
    Added:
    Apr 8, 2026
    Days on Market:
    91
    Last Refresh:
    Jul 7 at 1:06 am

    Property Features for 310 N 18th Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2, Basement, Bedroom 3
    Appliances
    Refrigerator
    Standard status
    Active
    Size
    1,661 SF
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    1883

    Utilities

    Heating system
    Forced Air, Floor Furnace
    Water source
    Public

    Building Details

    Year built
    1905
    Floors in Building
    2
    Number of units
    2
    Architectural style
    Conventional

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    JEAN FULTON

    Listing agent JEAN FULTON License #6506031220

    Listing office COLDWELL BANKER SCHMIDT ESCANABA 110 N 13TH STREET, ESCANABA, MI

    Listing date Apr 8, 2026

    MLS# 50203727 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.

    HighLights

    • Duplex/2‑unit investment property with a large yard and plenty of parking
    • Original staircase between floors allows potential use as a single‑family home
    • Each unit includes substantial storage; lower unit has a large pantry
    • Basement provides additional storage plus a laundry setup for the lower unit
    • Upper unit features 3 storage areas and a large entry for additional items
    • City‑certified recently vacant: both units are vacant

    Overview

    This two-unit residential income property offers two separate units with substantial built-in storage. The home includes a large yard and plenty of parking, and it has an original staircase between floors that supports use as a single family residence if desired. The lower unit features a large pantry, while the basement provides additional storage and a laundry setup for the lower unit. The upper unit includes multiple storage areas along with a large entry that can help accommodate additional belongings.

    The property is located at 310 N 18th Street in Escanaba, Michigan (Delta County). City certified both units vacant recently, which can simplify transitioning the property to a new owner and future occupancy planning. The garage is currently described as having been used for toy storage only due to a small door, with noted opportunity to update it for a larger opening.

    For buyers, this layout can fit traditional two-unit ownership needs given the existing duplex configuration and storage-focused interior design. It also presents flexibility for occupants or investors who prefer a single-family setup, supported by the original staircase between floors. With a yard, parking, basement storage, and unit-level storage features, the property may appeal to tenants and households that value organized space inside and out.

    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 $16.9k $10.20
    − Vacancy −$1.3k −$0.77
    EGI $15.7k $9.44
    − OpEx −$4.7k −$2.83
    NOI $11.0k $6.60
    1,661 SF · lease $10.20/SF/yr · vacancy 7.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $156.7K
    $137.1K – $182.8K (±1% cap)
    NOI $10,970 @ 7.0% cap · market cap 8.44%
    Second Best
    Apartment 5plus
    $145.6K
    $127.4K – $169.9K (±1% cap)
    NOI $10,195 @ 7.0% cap · market cap 7.85%
    Theoretical Best
    Office A
    $325.2K
    $284.5K – $379.4K (±1% cap)
    NOI $22,761 @ 7.0% cap · market cap 17.52%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Parking Lot & Garage Barber Shop Computer & Electronic Repair Grocery & Convenience Store Plumbing Service Restaurant Florist (Bike/Boat/Book/etc) Store Catering Service Furniture & Home Goods

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

    Location Insight

    • Map
    • Local Demand
    City
    Escanaba
    County
    Delta
    State
    Michigan
    Longitude
    -87.072944
    Latitude
    45.748456

    FAQs

    What type of property is this?
    Duplex - Two-unit property with a sizable yard, ample parking, and storage-heavy layouts on both levels.
    Where is this duplex located?
    The property is located at 310 N 18th Street Escanaba, MI.
    What is the asking price?
    The asking price for this property is $129,900.
    What are key features of this property?
    This property features: Duplex/2‑unit investment property with a large yard and plenty of parking; Original staircase between floors allows potential use as a single‑family home; Each unit includes substantial storage; lower unit has a large pantry
    More about this property
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