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    905 Delta Ave Gladstone, MI 48983

    For Sale
    $224,995

    Multi-Family, 2 Story - Gladstone, MI

    Property size:
    3,694 SF
    Lot size:
    0.08 Acres
    Days on Market:
    22
    Last Refresh:
    Dec 5 at 9:06 pm

    Property Features for 905 Delta Ave

    General Information

    Property type
    Residential Multi Family
    Standard status
    Active
    Zoning
    Mixed Use,Multi-Family,Professional Office,Commercial
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    Bathrooms
    4
    APN
    052-048-003-00
    Parking features
    Garage, Garage - Attached, On Street
    Exterior features
    Laundry Facility, Sidewalks, Street Lights, Sidewalks, Street Lights
    Basement Y/N
    1
    Size
    3,694 SF
    Lot size
    0.08 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1900
    Floors in Building
    2
    Number of units
    3
    Building materials
    Vinyl Siding
    Architectural style
    Other

    State Wide Real Estate of Escanaba (906) 786-1308 [email protected]

    Listing agent MATTHEW ORDIWAY (906) 786-1308 License #6501467376

    Listing date Nov 14, 2025

    MLS# 50194333 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

    Downtown Gladstone Multi-Family Investment Opportunity

    Located in downtown Gladstone, this two-story multi-family property offers a blend of residential and commercial space. The upper level contains three apartments, two of which are move-in ready and thoughtfully maintained. The third apartment presents a renovation opportunity. On the main level, a long-established barbershop provides steady income and street visibility. Additional office and storage areas on the main floor add functionality for business use, management operations, or tenant needs. A full basement offers utility access and storage space, while a two-car garage adds convenience. The property has been well cared for, reflecting pride of ownership and long-term potential. The property is located near shops, restaurants, and the Gladstone Farmers Market. The property is situated on a lot of 0.08 acres and the building size is 3694 square feet. The current rental structure includes Apartment 1 at $550/month, Apartment 2 at $550/month with a $450 security deposit and active lease, Apartment 3 at $400/month, and the commercial space at $750/month. The property's zoning is Mixed Use, Multi-Family, Professional Office, and Commercial, offering various possibilities for its use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Gladstone
    County
    Delta
    State
    Michigan
    Longitude
    -87.020779
    Latitude
    45.847403

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    FAQs

    What type of property is this?
    Apartment building - Two-story multi-family property with commercial space in downtown Gladstone.
    Where is this apartment building located?
    The property is located at 905 Delta Ave Gladstone, MI.
    What is the asking price?
    The asking price for this property is $224,995.
    What are key features of this property?
    This property features: - Premier downtown Gladstone location, steps from shops, restaurants, and the Farmers Market, offering high tenant demand and walkability.; - Multi-family property with three apartments, providing immediate rental income potential.; - Main-level barbershop with established history, generating steady income and excellent street visibility.
    (906) 786-1308
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    905 Delta Ave Gladstone, MI 48983
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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
    905 Delta Ave Gladstone, MI 48983
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