208 Greenbush Street, Ironwood, MI 49938
MULTI_FAMILY - Conventional - Ironwood, MI
- Added:
- May 17, 2026
- Days on Market:
- 52
- Last Refresh:
- Jul 7 at 5:06 am
Property Features for 208 Greenbush Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bedroom 4, Bathroom 2, Bathroom 4, Bedroom 1, Bathroom 3, Basement, Bedroom 2, Bedroom 3, Bathroom 1
- Appliances
- Range/Oven, Refrigerator
- Standard status
- Active
- Size
- 1,434 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1503
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1909
- Floors in Building
- 2
- Number of units
- 2
- Architectural style
- Conventional
Listing agent GAYLE COLASSACO License #UPAR (906) 364-0621
Listing office FIRST WEBER, INC 101 E Mary Street, Bessemer, MI (906) 667-6366
Listing date May 17, 2026
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
- Duplex built in 1909 with public water and forced‑air heating
- Each unit offers 2 bedrooms with a full bath on the upper floor and a pocket bath on the main level
- One unit is currently rented; the vacant side has newer appliances and LVP flooring
- Each unit includes an enclosed front porch, living room, kitchen, and a laundry area off the kitchen
- Maintenance‑free vinyl siding and a metal roof
- Full basement with separate panels and hot water heaters, plus extra parking in the backyard
Overview
The home is located in Ironwood, Michigan, and is described as being minutes from shopping, dining, schools, parks, and downtown amenities. Public remarks also indicate close proximity to the Iron Belle trail and UTV and snowmobile trails.
For buyers seeking an income-producing setup, the duplex configuration supports options to live in one unit while renting the other, or to rent both units. With the vacant side already updated and the property’s separate basement systems in place, the building is positioned for straightforward owner-occupant or tenant-occupied use based on the current occupancy described.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $12.9k | $9.00 |
| − Vacancy | −$4.7k | −$3.31 |
| EGI | $8.2k | $5.69 |
| − OpEx | −$2.4k | −$1.71 |
| NOI | $5.7k | $3.98 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Ironwood
- County
- Gogebic
- State
- Michigan
- Longitude
- -90.16668
- Latitude
- 46.458973
