Escanaba Renovated Multi-Family
105 N 19th Street, Escanaba, MI 49829
MULTI_FAMILY - Escanaba, MI
Property size:
1,490 SFLot size:
0.10 AcresPrice / SF:
$100/SF- Added:
- May 11, 2026
- Days on Market:
- 11
- Last Refresh:
- May 21 at 5:06 pm
Property Features for 105 N 19th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 1, Basement, Bathroom 2, Bedroom 3
- Standard status
- Active
- Size
- 1,490 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 1041
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1902
- Floors in Building
- 2
- Number of units
- 2
- Architectural style
- Other
Listing agent LUCAS GESTWICKI License #6501433737 (906) 280-0570
Listing office KEY REALTY DELTA COUNTY LLC 928 N Lincoln Road, Escanaba, MI (906) 233-7455
Listing date May 11, 2026
MLS# 50207106
Listing URL
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.
HighLights
- Prime location: One block off Ludington Street in Escanaba.
- Recently renovated: Updated roof, vinyl siding, and cosmetic makeover.
- Two separate units: Upper (1 bed, 1 bath) and lower (2 bed, 1 bath, option for 3 bed).
- New kitchens and flooring: In both upper and lower units.
- Separate utilities: Water and electric meters for each unit.
- New electric hot water tanks: In both units.
Overview
This recently renovated two-story duplex is located in Escanaba, Michigan, just one block off of Ludington Street. The property features an updated roof and vinyl siding. The lower unit is a two-bedroom, one-bathroom apartment with a new kitchen and flooring throughout. This lower apartment has the option to be converted into a three-bedroom, one-bathroom unit. The lower unit has direct access to the partial basement, where laundry facilities could be added. The upstairs unit is a one-bedroom, one-bathroom apartment featuring a new kitchen and flooring throughout. The property has separate water and electric meters, and both units feature new electric hot water tanks. There is one gas meter for the house with a forced air furnace. The property size is 1490 square feet and the lot size is 0.1 acres.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$109.3K
NOI $9,841 @ 9.00% cap · cautious / downside scenario
Moderate
$140.6K
NOI $9,841 @ 7.00% cap · market / base-case scenario
Aggressive
$196.8K
NOI $9,841 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $15.2k | $10.20 |
| − Vacancy | −$1.1k | −$0.77 |
| EGI | $14.1k | $9.44 |
| − OpEx | −$4.2k | −$2.83 |
| NOI | $9.8k | $6.60 |
1,490 SF · lease $10.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$140.6K
$123.0K – $164.0K
NOI $9,841 @ 7.0% cap · market cap 6.57%
Second Best
Apartment 5plus
$130.7K
$114.3K – $152.4K
NOI $9,146 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$291.7K
$255.2K – $340.3K
NOI $20,418 @ 7.0% cap · market cap 13.62%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Escanaba
- County
- Delta
- State
- Michigan
- Longitude
- -87.074783
- Latitude
- 45.746201
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Recently renovated duplex one block from Ludington Street.
Where is this duplex located?
The property is located at 105 N 19th Street Escanaba, MI.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Prime location: One block off Ludington Street in Escanaba.; Recently renovated: Updated roof, vinyl siding, and cosmetic makeover.; Two separate units: Upper (1 bed, 1 bath) and lower (2 bed, 1 bath, option for 3 bed).
