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    404 5Th St Iron Mountain, MI 49801

    For Sale
    $74,900

    Apartment, 2 Story - Iron Mountain, MI

    Type:Apartment
    Property size:
    1,854 SF
    Lot size:
    0.28 Acres
    Days on Market:
    98
    Last Refresh:
    Dec 11 at 9:06 pm

    Property Features for 404 5Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Active
    Zoning
    Residential
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Dining Room, Kitchen, Living Room
    Bedrooms
    4
    Bathrooms
    2
    APN
    051-101-583-00
    Parking features
    Garage, Garage - Detached, On Street
    Patio and Porch features
    Porch
    Interior features
    Hardwood Floors, Sump Pump
    Exterior features
    Porch, Street Lights
    Basement Y/N
    1
    Appliances
    Range, Refrigerator
    Size
    1,854 SF
    Lot size
    0.28 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1840
    Floors in Building
    2
    Number of units
    2
    Building materials
    Asphalt
    Architectural style
    Other

    WEICHERT REALTORS-PLACE PERFECT (715) 735-3700

    Listing agent CAROLE WAITROVICH (715) 735-3700 License #97073-94

    Listing date Sep 5, 2025

    MLS# 50178429 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

    Iron Mountain Two-Unit Apartment Building

    This two-story apartment building in Iron Mountain, Michigan, presents an investment opportunity. It features a lower and upper apartment, generating a combined monthly income of $1450. Both units are occupied and have two bedrooms. The lower unit includes a dining area. The upper unit offers the potential to remodel the attic into an office, a third bedroom with an additional bathroom, or other customized space. A detached 26x24 garage is included. The furnace is 4 years old, and the roof is 2 years old. The landlord is responsible for covering the utilities. The property is zoned for residential use and is situated on a 0.28-acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Iron Mountain
    County
    Dickinson
    State
    Michigan
    Longitude
    -88.056739
    Latitude
    45.827685

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    FAQs

    What type of property is this?
    Duplex - Two-unit apartment building in Iron Mountain, Michigan, generating monthly income.
    Where is this duplex located?
    The property is located at 404 5Th St Iron Mountain, MI.
    What is the asking price?
    The asking price for this property is $74,900.
    What are key features of this property?
    This property features: - Income-generating property currently bringing in $1450 monthly.; - Two 2-bedroom units, both currently occupied.; - Detached 26x24 garage.
    (715) 735-3700
    Request Owner's contact information
    404 5Th St Iron Mountain, MI 49801
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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
    404 5Th St Iron Mountain, MI 49801
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