Updated 6-Bedroom
For Sale
Under Contract
$219,900
101 103 Vigilante Street, Gwinn, MI 49841
MULTIFAMILY, Tri-Level, Gwinn, MI
Property Size2,252 SF
Lot Size1.00 Acre
Price / SF$97.65
Days on Market70
Property Features for 101 103 Vigilante Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
6
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Laundry Room, Family Room, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 5, Bathroom 4, Bedroom 4, Bedroom 3, Bathroom 3, Basement, Bedroom 1, Bedroom 6
Parking features
Garage, Driveway
Patio and Porch features
Patio
Interior features
Cable/Internet Avail., Ceramic Floors, Hardwood Floors, Walk-In Closet, Furnished
Exterior features
Patio
Appliances
Dryer, Range/Oven, Refrigerator, Washer
Lot features
Corner Lot, Large Lot - 65+ Ft.
Elementary school district
Gwinn Area Community Schools
Middle school district
Gwinn Area Community Schools
High school district
Gwinn Area Community Schools
Subdivision
Forsyth Twp (52009)
Standard status
Active Under Contract
Size
2,252 SF
Lot size
1.00 Acre
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
central air
laundry
storge
attached garge
Building Details
Year built
1964
Number of units
2
Architectural style
Conventional
Buildings
1
Listing Agency:
RE/MAX 1ST REALTY · RE/MAX International
(906) 225-1136
Listed By:
KELLIE HILLIER-GENSCHAW
(906) 361-7653
Added: Aug 20
Changed: Oct 27
Last Checked: Oct 28 at 10:06PM
MLS# 50219586
Copyright © 2026 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.
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Investment Insights
Based on property information with market context.
This 2,252-square-foot duplex, built in 1964, contains two residences with matching layouts. Each side has three bedrooms, 1.5 bathrooms, living and dining areas, a kitchen, finished basement space, laundry and storage. Both units have ceramic and hardwood flooring, central air and access to attached garage space. One unit is furnished and operates as an Airbnb; the other is owner occupied. A small barn provides additional storage for lawn and snow equipment.
The property occupies an approximately 1-acre corner lot in Gwinn, Michigan. Patio space and expansive backyard areas add outdoor features to the property.
The property occupies an approximately 1-acre corner lot in Gwinn, Michigan. Patio space and expansive backyard areas add outdoor features to the property.
Key Highlights
- Two units, each with 3 bedrooms and 1.5 bathrooms
- 2,252 square feet of building area on an approximately 1‑acre corner lot
- One furnished unit currently operates as an Airbnb
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,068
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$281,360
$281.4K
Cap Rate 7%
$200,971
$201.0K
Cap Rate 9%
$156,311
$156.3K
Market Conditions
NOI Build-Up for 2,252 SF
Gross rent
$20.8K $9.24/SF
− Vacancy
−$712 −$0.32/SF
EGI
$20.1K $8.92/SF
− OpEx
−$6.0K −$2.68/SF
NOI
$14.1K $6.25/SF
Area
Marquette County, MI
Vacancy
3.42%
Lease Rate
$9.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$281,360
Cap Rate 7%
$200,971
Cap Rate 9%
$156,311
Alternative Uses
Best Use
Multifamily LT 5
$201.0K
$175.9K – $234.5K
NOI $14,068 @ 7.0% cap · market cap 6.40%
Second Best
Apartment 5plus
$174.0K
$152.2K – $203.0K
NOI $12,179 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$663.2K
$580.3K – $773.8K
NOI $46,427 @ 7.0% cap · market cap 21.11%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
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Business Placement
Demographics for 49841, MI
7,193
Population
3,847
Households
1.9
Avg Household Size
41
Median Age
24%
College-Educated
96%
High-School Grad
227.6 sq mi
ZIP Area
32
Density / Sq Mi
$61,337
Median Household Income
$34,437
Median Earnings
$731
Median Rent
$150,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences each offer finished basement space, laundry, garage access and direct entry to the backyard.
Where is this duplex located?
The property is located at 101 103 Vigilante Street Gwinn, MI.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 1.5 bathrooms; 2,252 square feet of building area on an approximately 1‑acre corner lot; One furnished unit currently operates as an Airbnb
