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    N5504 N Eben Eben Junction, MI 49825

    For Sale
    $325,000

    Multi-Family, 2 Story - Eben Junction, MI

    Property size:
    4,024 SF
    Lot size:
    0.99 Acres
    Days on Market:
    149
    Last Refresh:
    Dec 10 at 7:06 am

    Property Features for N5504 N Eben

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Laundry
    Bedrooms
    8
    Bathrooms
    5
    APN
    02-008-129-037-00
    Parking features
    Garage, Garage - Detached, Off Street, Workshop
    Interior features
    Cable/Internet Avail.
    Exterior features
    Laundry Facility, Wi-fi Available, Exterior Balcony
    Basement Y/N
    1
    Appliances
    Dryer, Range, Refrigerator
    Size
    4,024 SF
    Lot size
    0.99 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Hot Water (Heating), Radiant, Radiant Floor, Zoned (Heating)
    Cooling system
    Ceiling Fan(s)

    Building Details

    Year built
    1932
    Floors in Building
    2
    Number of units
    4
    Building materials
    Brick
    Architectural style
    Other

    KELLER WILLIAMS NORTHERN MICHIGAN (231) 947-8200

    Listing agent CRYSTAL BARR BERGLUND (231) 947-8200 License #6502388666

    Listing date Jul 15, 2025

    MLS# 50181554 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

    Eben Junction Multi-Family Investment Property

    This multi-family property, formerly a CO-OP and later a flooring business, is located in Eben Junction, in the heart of the central Upper Peninsula. The building contains four residential units. Units 1 and 4 are fully furnished and utilized as short-term rentals for three months during the summer and nine-month rentals during the winter. Unit 3 is owner-occupied, and Unit 2 is occupied by a long-term tenant of 10 years. Its central location between Marquette, Munising, and Escanaba provides convenient access to various Upper Peninsula destinations, making it suitable for short-term rentals. The Eben Ice Caves and a snowmobile trail are located nearby, and the Snack Bar and New Moon are within walking distance. Situated on a 0.99-acre lot, the property offers ample parking and easy access to M94. A 24x80 outbuilding with a one-car garage door provides cold storage. Township water, natural gas, and high-speed internet are available at the property. The property is zoned residential.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Map

    City
    Eben Junction
    County
    Alger
    State
    Michigan
    Longitude
    -86.97052
    Latitude
    46.355307

    FAQs

    What type of property is this?
    Quadplex - Four residential units in central UP location with rental income.
    Where is this quadplex located?
    The property is located at N5504 N Eben Eben Junction, MI.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: - Income-generating property with two fully furnished short-term rental units already in operation.; - Prime central Upper Peninsula location with easy access to Marquette, Munising, Escanaba, Eben Ice Caves, and snowmobile trails.; - Large lot (almost an acre) with ample parking and easy access to M94.
    (231) 947-8200
    Request Owner's contact information
    N5504 N Eben Eben Junction, MI 49825
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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
    N5504 N Eben Eben Junction, MI 49825
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