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Updated Duplex with Two Units
For Sale
$75,500
Pending

411 5th St, Iron Mountain, MI 49801

Tenant-occupied units provide refreshed interiors with distinct bedroom, bathroom, and laundry configurations.

Property SizeContact for details
Days on Market459

Property Features for 411 5th St

General Information

Standard status Pending
Property subtype Residential Income
Occupancy 100%

Units

Unit Mix 1 x 2BR/1BA, 1 x 3BR/2BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $1,402
Listing Agency: Place Perfect Realty
Listed By: Carole Waitrovich · License #UPAR-97073-94
Source: Exprealty
Added: May 20, 2025 Changed: Aug 17 Last Checked: Aug 20 at 1:00PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Place Perfect Realty

Investment Insights

Based on property information with market context.

This duplex at 411 5th St in Iron Mountain includes two tenant-occupied residences with different layouts. Unit #1 offers 2 bedrooms and 1 bathroom, while Unit #2 contains 3 bedrooms, 2 bathrooms, and a laundry room. The rear residence also includes a bathroom added for the primary bedroom.

Recent improvements span both units. Unit #1 received a water heater in 2025, along with subflooring, laminate flooring, carpeting, and countertops; its furnace was replaced in 2022. Unit #2 has a 2025 furnace, updated flooring and carpet, new countertops, fresh paint, and the added bathroom. The property combines established occupancy with documented updates across the two-unit configuration.

Key Highlights

  • Two‑unit duplex with both residences tenant occupied
  • Unit #1 has 2 bedrooms, 1 bathroom, and a 2025 water heater
  • Unit #2 includes 3 bedrooms, 2 bathrooms, and a laundry room

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Real Estate Agency Pharmacy Skin Care Clinic (Bike/Boat/Book/etc) Store Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

239
Businesses Nearby

Demographics for 49801, MI

11,479
Population
5,927
Households
1.9
Avg Household Size
46
Median Age
25%
College-Educated
95%
High-School Grad
123.9 sq mi
ZIP Area
93
Density / Sq Mi
$62,461
Median Household Income
$41,468
Median Earnings
$667
Median Rent
$157,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Tenant-occupied units provide refreshed interiors with distinct bedroom, bathroom, and laundry configurations.
Where is this duplex located?
The property is located at 411 5th St Iron Mountain, MI.
What is the asking price?
The asking price for this property is $75,500.
What are key features of this property?
This property features: Two‑unit duplex with both residences tenant occupied; Unit #1 has 2 bedrooms, 1 bathroom, and a 2025 water heater; Unit #2 includes 3 bedrooms, 2 bathrooms, and a laundry room
More about this property
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