Updated Duplex with Separate
517 S 9th Street, Escanaba, MI 49829
DUPLEX - Conventional - Escanaba, MI
Property size:
2,735 SFLot size:
0.16 AcresPrice / SF:
$91/SF- Added:
- Mar 12, 2026
- Days on Market:
- 117
- Last Refresh:
- Jul 6 at 5:06 pm
Property Features for 517 S 9th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bedroom 4, Bathroom 3, Game Room, Basement, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 1, Bathroom 4, Dining Room, Bedroom 2
- Interior features
- Wet Bar/Bar, Furnished
- Exterior features
- Exterior Balcony, Fenced Yard
- Fencing
- Fenced
- Appliances
- Central Vacuum, Dryer, Freezer, Microwave, Range/Oven, Refrigerator, Washer
- Standard status
- Active Under Contract
- Size
- 2,735 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2025
Utilities
- Heating system
- Oil
- Cooling system
- Wall/Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1895
- Floors in Building
- 2
- Architectural style
- Conventional
Listing agent KATHLEEN SULLIVAN License #6501439551 (906) 399-3285
Listing office KEY REALTY DELTA COUNTY LLC 928 N Lincoln Road, Escanaba, MI (906) 233-7455
Listing date Mar 12, 2026
MLS# 50210674
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 built in 1895 with separate entrances for added privacy and shared access to basement amenities
- Lower unit: 2 bedrooms, 1.5 baths, spacious living room and large eat‑in kitchen; includes sunken heated tub and bright sunroom
- Upper unit: 2 bedrooms, 1 full bath, living room and kitchen; private balcony deck and separate entry
- Basement features shared laundry, workshop area, heated recreation room, half bath, and additional storage space
- Updates include electrical, plumbing, windows, flooring, and roof (2018); each unit has separate boiler systems, electrical boxes, and water heaters
- Exterior includes fenced yard, exterior balcony, and private well for yard watering; garage has one overhead door with potential to add a second door
Overview
This well-maintained duplex offers two separate residential units, each with its own living space and private entrance. The lower unit features 2 bedrooms and 1.5 baths, with a spacious living room and a large eat-in kitchen. Its bathroom includes a sunken heated tub, and the home also has a wall A/C unit, central vacuum, and a bright sunroom suited for dining, relaxing, or entertaining. The upper unit offers 2 bedrooms and 1 full bath, along with a living room and kitchen and access to a private balcony deck. Both units provide ample storage through numerous cabinets and built-ins.
The basement includes shared laundry facilities, a workshop area, a heated recreation room, a half bath, and additional storage. Each unit has separate boiler systems, electrical boxes, and water heaters. Outside, the property includes a garage with one overhead door for parking, plus extra parking beside the garage, a small patio, and a grassy backyard served by a private well for watering.
Updated improvements include electrical, plumbing, windows, flooring, and the roof completed in 2018. The current setup allows an owner-occupant to live in one unit while the other unit is rented, with the home also described as convertible back to a single-family layout. A basement-based heated recreation room and the separate systems per unit support day-to-day privacy and convenience for either use.
The basement includes shared laundry facilities, a workshop area, a heated recreation room, a half bath, and additional storage. Each unit has separate boiler systems, electrical boxes, and water heaters. Outside, the property includes a garage with one overhead door for parking, plus extra parking beside the garage, a small patio, and a grassy backyard served by a private well for watering.
Updated improvements include electrical, plumbing, windows, flooring, and the roof completed in 2018. The current setup allows an owner-occupant to live in one unit while the other unit is rented, with the home also described as convertible back to a single-family layout. A basement-based heated recreation room and the separate systems per unit support day-to-day privacy and convenience for either use.
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 | $27.9k | $10.20 |
| − Vacancy | −$2.1k | −$0.77 |
| EGI | $25.8k | $9.44 |
| − OpEx | −$7.7k | −$2.83 |
| NOI | $18.1k | $6.60 |
2,735 SF · lease $10.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$258.0K
$225.8K – $301.1K
NOI $18,063 @ 7.0% cap · market cap 7.23%
Second Best
Apartment 5plus
$239.8K
$209.8K – $279.8K
NOI $16,787 @ 7.0% cap · market cap 6.71%
Theoretical Best
Office A
$535.4K
$468.5K – $624.6K
NOI $37,478 @ 7.0% cap · market cap 14.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Escanaba
- County
- Delta
- State
- Michigan
- Longitude
- -87.059341
- Latitude
- 45.740163
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Well-updated duplex with two 2-bedroom units, separate entrances, and shared laundry, offering flexible owner-occupant or investor use.
Where is this duplex located?
The property is located at 517 S 9th Street Escanaba, MI.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Duplex built in 1895 with separate entrances for added privacy and shared access to basement amenities; Lower unit: 2 bedrooms, 1.5 baths, spacious living room and large eat‑in kitchen; includes sunken heated tub and bright sunroom; Upper unit: 2 bedrooms, 1 full bath, living room and kitchen; private balcony deck and separate entry
