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    312 S 3Rd St Ishpeming, MI 49849

    For Sale
    $229,000

    Residential Multi Family, Other - Ishpeming, MI

    Property size:
    1,850 SF
    Lot size:
    0.11 Acres
    Days on Market:
    74
    Last Refresh:
    Dec 5 at 6:06 pm

    Property Features for 312 S 3Rd St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    Bathrooms
    2
    Size
    1,850 SF
    Lot size
    0.11 Acres

    Building Details

    Year built
    1885
    Architectural style
    Other

    NextHome, Inc

    Listing agent Melanie Oliver (906) 250-2874 License #6?5?0?1?4?4?9?9?4?4,PersonLicenseNumber

    Listing date Sep 23, 2025

    MLS# 50188656 Listing URL

    Copyright © 2025 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Duplex: Turn-Key Investment

    This extensively renovated duplex in Ishpeming, Michigan, presents an ideal turn-key investment opportunity. The property, operating as a successful short-term rental, has been recently and extensively updated. Both units feature fully remodeled bathrooms, including walk-in tile showers with rain heads. The lower unit includes a fully remodeled kitchen, and both units are equipped with new appliances. Two complete sets of washers and dryers are included. Major updates to the property include a new roof installed in 2023, blow-in attic insulation added in 2023, and all new windows, doors, and vinyl siding. The property also features new trim and interior doors, refinished hardwood floors in both units, a new electrical system with three separate panels, new plumbing, and a second hot water heater. Interior features include new ceiling fans, lighting, and fixtures throughout. Interior renovations were completed in 2022–23. The property, situated on a 0.11-acre lot, offers 1850 square feet of living space. All furnishings are negotiable and may be included in the sale. This property is perfect for owner-occupancy, long-term tenants, or turnkey short-term rental use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ishpeming
    County
    Marquette
    State
    Michigan
    Longitude
    -87.6652832
    Latitude
    46.48807526

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    FAQs

    What type of property is this?
    Duplex - Extensively renovated duplex, ideal for short-term rental or owner-occupancy.
    Where is this duplex located?
    The property is located at 312 S 3Rd St Ishpeming, MI.
    What is the asking price?
    The asking price for this property is $229,000.
    What are key features of this property?
    This property features: - Turn-key, extensively renovated duplex, ideal for immediate short-term rental income or owner-occupancy.; - Major updates completed in 2022-2023, including a new roof, windows, siding, electrical system with three panels, and plumbing.; - Both units feature fully remodeled bathrooms with walk-in tile showers and rain heads.
    (906) 250-2874
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    312 S 3Rd St Ishpeming, MI 49849
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    Ishpeming, MI 49849
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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
    312 S 3Rd St Ishpeming, MI 49849
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