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    7039 River Bend Dr Onaway, MI 49765

    For Sale
    $274,000

    MULTI_FAMILY - Bungalow - Onaway, MI

    Days on Market:
    9
    Last Refresh:
    Dec 12 at 4:06 am

    Property Features for 7039 River Bend Dr

    General Information

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

    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

    State Wide Real Estate of Onaway (989) 733-6522

    Listing agent Daniel A Dougherty (989) 733-6522

    Listing date Dec 4, 2025

    MLS# 201837736 Listing URL

    Copyright © 2025 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.

    Overview

    Riverfront Triplex Investment Opportunity

    This property features three homes situated along 90 feet of Black River. Currently operating as rental units, these dwellings offer potential as a family compound or investment property, with the option to live in one unit and rent out the others for short- or long-term stays. Unit 1 includes 2 bedrooms and 1 bathroom within its 864 square feet, with bedroom sizes of 11.6x9.3, a kitchen of 9x11, a living room of 13x17, and a bathroom of 6x9. Unit 2 offers 2 bedrooms and 1 bathroom within its 900 square feet, with bedroom sizes of 12 x 13 and 10x11.5, a combined kitchen-living area of 16x16, a dining area of 7x11, a pantry of 5x6 and a bathroom of 7x6. Unit 3 features 1 bedroom and 1 bathroom within its 700 square feet, with a combined kitchen-living-dining area of 14x16, a bedroom of 10x10, and a bathroom of 9,5x6. Please note that 48-hour notice is required for showings due to tenants. A new water heater was installed in Unit 1 in June of 2025.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Nursing Home Assisted Living Facility

    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

    Nearby Similar for Sale

    • $150,000
      9.50 Acres

      21150 M-68, Onaway, MI 49765

      Commercial real estate • 9.50 Acres
      21150 M-68, Onaway, MI 49765
      View Details

    FAQs

    What type of property is this?
    Triplex - Three charming homes on Black River, ideal for investors.
    Where is this triplex located?
    The property is located at 7039 River Bend Dr 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 Homes on 90 Feet of Black River/Tower Pond Waterfront; - Investment Opportunity: Currently Used as Rental Units; - Versatile Property: Potential for Family Compound or Rental Income
    (989) 733-6522
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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
    7039 River Bend Dr Onaway, MI 49765
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