Renovated Escanaba Duplex Near
1114 S 1st Avenue, Escanaba, MI 49829
MULTI_FAMILY - Escanaba, MI
Property size:
2,570 SFLot size:
0.18 AcresPrice / SF:
$103/SF- Added:
- Feb 26, 2026
- Days on Market:
- 84
- Last Refresh:
- May 21 at 5:06 pm
Property Features for 1114 S 1st Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 4, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 5, Basement, Bathroom 2
- Fireplace
- 1
- Standard status
- Active
- Size
- 2,570 SF
- Lot size
- 0.18 Acres
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Architectural style
- Other
Listing agent CRYSTAL BARR BERGLUND License #6502388666 (906) 360-2948
Listing office KELLER WILLIAMS NORTHERN MICHIGAN 830 E Front Street Suite 110, Traverse City, MI (231) 947-8200
Listing date Feb 26, 2026
MLS# 50203033
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 Escanaba location: Blocks from downtown shopping, dining, schools, Ludington Park, Lake Michigan beach, historic lighthouse, and marina.
- Two expansive units: A main floor 2 bedroom/1 bath unit and a second floor 3 bedroom/1 bath unit.
- Recently renovated: Blending classic craftsmanship with high‑end contemporary finishes.
- Large backyard and a two‑car detached garage with plowed alley access.
- Over 2,500 square feet of living area.
- Basement with high ceilings and large windows, suitable for finishing or storage.
Overview
This renovated duplex offers over 2,500 square feet of living space, featuring two units. The first unit includes two bedrooms and one bathroom on the main floor, while the second unit on the upper level offers three bedrooms, a full bath, and a family room with an electric fireplace. An unfinished walk-up attic provides additional space. The basement, with high ceilings and large windows, presents an opportunity for finishing as a third unit or for storage. The property is situated on a 0.18-acre lot with a large backyard and a two-car detached garage with plowed alley access. Located in Escanaba, it is near Ludington Park, the beach of Lake Michigan, a historic lighthouse, and the marina. The property is also conveniently located blocks from downtown shopping, local dining, schools, and the shores of Little Bay de Noc. The main floor layout allows for a seamless flow between the kitchen and dining area and a large living room. This short term rental has been renovated for modern living with contemporary finishes.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$188.6K
NOI $16,974 @ 9.00% cap · cautious / downside scenario
Moderate
$242.5K
NOI $16,974 @ 7.00% cap · market / base-case scenario
Aggressive
$339.5K
NOI $16,974 @ 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 | $26.2k | $10.20 |
| − Vacancy | −$2.0k | −$0.77 |
| EGI | $24.2k | $9.44 |
| − OpEx | −$7.3k | −$2.83 |
| NOI | $17.0k | $6.60 |
2,570 SF · lease $10.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$242.5K
$212.2K – $282.9K
NOI $16,974 @ 7.0% cap · market cap 6.41%
Second Best
Apartment 5plus
$225.4K
$197.2K – $262.9K
NOI $15,775 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$503.1K
$440.2K – $587.0K
NOI $35,217 @ 7.0% cap · market cap 13.29%
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
- -87.063524
- Latitude
- 45.744844
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Charming, renovated duplex near downtown Escanaba and Lake Michigan.
Where is this duplex located?
The property is located at 1114 S 1st Avenue Escanaba, MI.
What is the asking price?
The asking price for this property is $264,900.
What are key features of this property?
This property features: Prime Escanaba location: Blocks from downtown shopping, dining, schools, Ludington Park, Lake Michigan beach, historic lighthouse, and marina.; Two expansive units: A main floor 2 bedroom/1 bath unit and a second floor 3 bedroom/1 bath unit.; Recently renovated: Blending classic craftsmanship with high‑end contemporary finishes.
