Triplex Riverfront
For Sale
$274,000
7039 River Bend Drive, Onaway, MI 49765
MULTI_FAMILY - Bungalow - Onaway, MI
Property Size2,484 SF
Price / SF$110.31
Days on Market154
Property Features for 7039 River Bend Drive
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 3, Bathroom 1, Bathroom 2
Subdivision
Tower Pond Sub #2
Elementary school
Onaway
High school
Onaway
Elementary school district
Onaway
Middle school district
Onaway
High school district
Onaway
Directions
From Onaway, West on M68 to River Bend Drive, South roughly 150 feet to subjects on the left
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)
Legal 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
Listing Agency:
State Wide Real Estate of Onaway
(989) 733-6522
Listed By:
Daniel A Dougherty · License #6502358784
(989) 306-3460
Added: Mar 12
Changed: Aug 2
Last Checked: Aug 12 at 1:06AM
MLS# 201839001
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.
Investment Insights
Based on property information with market context.
This triplex features three riverfront bungalow homes currently operating as rental units. Unit 1 is a two-bedroom layout with 864 SF, plus one bathroom; Unit 2 offers two bedrooms and 900 SF with additional bath space; and Unit 3 is a one-bedroom home at 700 SF. The homes are built with vinyl and wood exteriors and use natural gas heating.
The property is located at 7039 River Bend Drive in Onaway, MI, along 90 feet of waterfront on the Black River/Tower Pond. The water source is a well, and sewer is provided via shared septic.
Tenants are in place, and showings require 48-hour notice. A new water heater was installed in Unit 1 in June 2025. Refrigerator in Unit 1 is tenant owned.
The property is located at 7039 River Bend Drive in Onaway, MI, along 90 feet of waterfront on the Black River/Tower Pond. The water source is a well, and sewer is provided via shared septic.
Tenants are in place, and showings require 48-hour notice. A new water heater was installed in Unit 1 in June 2025. Refrigerator in Unit 1 is tenant owned.
Key Highlights
- Three rental units in a bungalow triplex configuration
- On 90 feet of Black River/Tower Pond waterfront
- Unit 1: two bedrooms, 864 SF; new water heater installed June 2025
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 49765, MI
3,898
Population
2,787
Households
1.4
Avg Household Size
50
Median Age
15%
College-Educated
89%
High-School Grad
238.1 sq mi
ZIP Area
16
Density / Sq Mi
$53,125
Median Household Income
$33,107
Median Earnings
$753
Median Rent
$114,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three rental units sit along 90 feet of Black River/Tower Pond waterfront, with natural gas heat and well water
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 units in a bungalow triplex configuration; On 90 feet of Black River/Tower Pond waterfront; Unit 1: two bedrooms, 864 SF; new water heater installed June 2025
