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    Riverfront Triplex Investment Opportunity Title is generated by Realmo AI

    7039 River Bend Drive, Onaway, MI 49765

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    Claim this Listing
    For Sale
    $274,000

    MULTI_FAMILY - Bungalow - Onaway, MI

    Property size:
    2,484 SF
    Price / SF:
    $110/SF
    Added:
    Mar 12, 2026
    Days on Market:
    104
    Last Refresh:
    Jun 23 at 4:06 am

    Property Features for 7039 River Bend Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Bathrooms
    3
    Rooms
    Bedroom 3, Bedroom 4, Bathroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 5, Bathroom 2
    Standard status
    Active
    APN
    231-T04-001-002-01
    Size
    2,484 SF

    Taxes and HOA fees

    Tax Description
    PLAT OF TOWER Pond Sub No 2, Lot 2, BLK 1. (SEC 10, T34N,R1E)

    Utilities

    Sewer type
    Shared Septic
    Heating system
    Natural Gas
    Water source
    Well
    Water front
    1

    Building Details

    Number of units
    3
    Building materials
    Vinyl, Wood
    Architectural style
    Bungalow

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    Listing Contact
    Daniel A Dougherty

    Listing agent Daniel A Dougherty License #6502358784

    Listing office State Wide Real Estate of Onaway P.O.BOX 333 21036 M-68 WEST, ONAWAY, MI

    Listing date Mar 12, 2026

    MLS# 201839001 Listing URL

    Copyright © 2026 Water Wonderland Board 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

    • Three rental homes along 90 feet of Black River/Tower Pond waterfront
    • Unit 1: 2 bedrooms, 864 SF; living room 13x17; kitchen 9x11; bath 6x9
    • Unit 2: 2 bedrooms, 900 SF; kitchen‑living 16x16; dining 7x11; bath 7x6
    • Unit 3: 1 bedroom, 700 SF; kit‑living‑dining 14x16; bedroom 10x10
    • Heating: natural gas; water source: well; sewer: shared septic
    • New water heater installed in Unit 1 in June 2025; tenant‑owned refrigerator in Unit 1

    Overview

    This property features three homes situated along 90 feet of the Black River/Tower Pond. Currently operating as rental units, these dwellings offer the potential to serve as a family compound or investment property. Unit 1 includes 2 bedrooms, with bedroom dimensions of 11.6x9.3 feet each, a kitchen measuring 9x11 feet, a living room of 13x17 feet, and a bathroom of 6x9 feet, totaling 864 square feet. Unit 2 offers 2 bedrooms, with bedroom dimensions of 12x13 feet and 10x11.5 feet, a combined kitchen and living area of 16x16 feet, a dining area of 7x11 feet, a pantry of 5x6 feet and a bathroom of 7x6 feet, totaling 900 square feet. Unit 3 features 1 bedroom measuring 10x10 feet, a combined kitchen, living, and dining area of 14x16 feet, and a bathroom of 9.5x6 feet, totaling 700 square feet. The total property size is 2484 square feet. The property is located in Onaway, Michigan.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Nursing Home Nursing Home

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

    Location Insight

    • Map
    • Local Demand
    City
    Onaway
    County
    Presque Isle
    State
    Michigan
    Longitude
    -84.292893
    Latitude
    45.354637

    FAQs

    What type of property is this?
    Triplex - Three riverfront homes with rental income potential in Onaway, Michigan.
    Where is this triplex located?
    The property is located at 7039 River Bend Drive Onaway, MI.
    What is the asking price?
    The asking price for this property is $274,000.
    What are key features of this property?
    This property features: Three rental homes along 90 feet of Black River/Tower Pond waterfront; Unit 1: 2 bedrooms, 864 SF; living room 13x17; kitchen 9x11; bath 6x9; Unit 2: 2 bedrooms, 900 SF; kitchen‑living 16x16; dining 7x11; bath 7x6
    More about this property
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