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    521 E F St Iron Mountain, MI 49801

    For Sale
    $224,000

    Multi-Family, 2 Story - Iron Mountain, MI

    Property size:
    2,380 SF
    Lot size:
    0.14 Acres
    Days on Market:
    132
    Last Refresh:
    Dec 9 at 7:06 pm

    Property Features for 521 E F St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Multi-Family
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Laundry
    Bedrooms
    5
    Bathrooms
    3
    APN
    051-103-698-00
    Parking features
    Garage, Garage - Attached
    Patio and Porch features
    Porch
    Exterior features
    Porch
    Basement Y/N
    1
    Size
    2,380 SF
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Forced Air, Other (Heating)

    Building Details

    Year built
    1923
    Floors in Building
    2
    Number of units
    3
    Architectural style
    Other

    Key Realty Delta County (906) 233-7455 [email protected]

    Listing agent SCOTT MOSIER (906) 233-7455

    Listing date Jul 31, 2025

    MLS# 50183682 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 Multi-Unit Income Property

    This Iron Mountain property presents an investment opportunity, featuring a remodeled duplex and a separate single-family residence. All units are currently rented to long-term tenants, generating consistent cash flow. The lower unit of the duplex has been completely rebuilt, including a new kitchen, bathroom, wiring, drywall, and windows. Both duplex units include two bedrooms and one bathroom. Tenants have access to coin-operated laundry and additional storage in the basement. The single-family residence has been fully updated and features one bedroom, plus storage space in the drive-under garage. The property is situated on a 0.14-acre lot. The total living area of all units combined is 2380 square feet. All rents include landlord-paid utilities, simplifying property management. This multi-family property is located on the East Side of Iron Mountain.
    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 Gym & Fitness Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Iron Mountain
    County
    Dickinson
    State
    Michigan
    Longitude
    -88.059891
    Latitude
    45.813577

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    FAQs

    What type of property is this?
    Multifamily property - Turnkey investment property with remodeled units and strong rental income.
    Where is this multifamily property located?
    The property is located at 521 E F St Iron Mountain, MI.
    What is the asking price?
    The asking price for this property is $224,000.
    What are key features of this property?
    This property features: - Turnkey three-unit income property with strong rental rates and solid cash flow.; - Fully rented to long-term tenants.; - Nicely remodeled duplex with a completely rebuilt lower unit including a new kitchen, bathroom, wiring, drywall, and windows.
    (906) 233-7455
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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
    521 E F St Iron Mountain, MI 49801
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