Duplex with Original
New
For Sale
Under Contract
$379,900
224 W Hewitt Avenue, Marquette, MI 49855
MULTIFAMILY, 2 Story, Marquette, MI
Property Size2,236 SF
Lot Size0.12 Acres
Price / SF$169.90
Days on Market7
Property Features for 224 W Hewitt Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 3, Basement
Parking features
Garage, Driveway
Interior features
9 ft + Ceilings, Hardwood Floors
Appliances
Range/Oven, Refrigerator
Lot features
Deep Lot - 150+ Ft.
Elementary school district
Marquette Area School District
Middle school district
Marquette Area School District
High school district
Marquette Area School District
Subdivision
Marquette (52016)
Standard status
Active Under Contract
Size
2,236 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
3502
Utilities
Heating system
Oil
Water source
Public
Amenities
original woodwork
hardwood floors
stain-glass window
pantry storage
clawfoot tubs
large closets
walk-up attic
full basement
partially fenced backyard
Building Details
Year built
1905
Floors in Building
2
Number of units
2
Architectural style
Conventional
Listing Agency:
COLDWELL BANKER SCHMIDT REALTORS
(906) 225-5992
Listed By:
PAULA LUTEY · License #251752
(906) 869-3611
Added: Oct 9
Changed: Oct 13
Last Checked: Oct 15 at 11:06AM
MLS# 50224527
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.
Investment Insights
Based on property information with market context.
Built in 1905, this two-story duplex contains 2,236 square feet across two apartments, each arranged with one to two bedrooms. Original wood details, hardwood floors, stained-glass windows, and high ceilings give the interiors distinct character. Both apartments have a kitchen with pantry storage and a full bathroom with a clawfoot tub. A walk-up attic, full basement, two-car garage, and driveway add utility. The 0.12-acre property also includes a partially fenced backyard.
The duplex is at 224 W Hewitt Avenue in Marquette, near city amenities. Its two-apartment layout, separate kitchens and baths, and on-site garage and driveway are the defining practical features.
The duplex is at 224 W Hewitt Avenue in Marquette, near city amenities. Its two-apartment layout, separate kitchens and baths, and on-site garage and driveway are the defining practical features.
Key Highlights
- Two apartments, each configured with one to two bedrooms
- 2,236 square feet on a 0.12‑acre lot
- Built in 1905; original woodwork, hardwood floors, and stained‑glass windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,968
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$279,360
$279.4K
Cap Rate 7%
$199,543
$199.5K
Cap Rate 9%
$155,200
$155.2K
Market Conditions
NOI Build-Up for 2,236 SF
Gross rent
$20.7K $9.24/SF
− Vacancy
−$707 −$0.32/SF
EGI
$20.0K $8.92/SF
− OpEx
−$6.0K −$2.68/SF
NOI
$14.0K $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%
$279,360
Cap Rate 7%
$199,543
Cap Rate 9%
$155,200
Alternative Uses
Best Use
Multifamily LT 5
$199.5K
$174.6K – $232.8K
NOI $13,968 @ 7.0% cap · market cap 3.68%
Second Best
Apartment 5plus
$172.7K
$151.2K – $201.5K
NOI $12,092 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$658.5K
$576.2K – $768.3K
NOI $46,097 @ 7.0% cap · market cap 12.13%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,347
Businesses Nearby
Explore this area
Business Placement
Demographics for 49855, MI
32,929
Population
15,779
Households
2.1
Avg Household Size
38
Median Age
45%
College-Educated
96%
High-School Grad
206.9 sq mi
ZIP Area
159
Density / Sq Mi
$62,321
Median Household Income
$27,408
Median Earnings
$992
Median Rent
$245,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two apartments feature hardwood floors, full kitchens, clawfoot tubs, and a shared garage with additional driveway parking.
Where is this duplex located?
The property is located at 224 W Hewitt Avenue Marquette, MI.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: Two apartments, each configured with one to two bedrooms; 2,236 square feet on a 0.12‑acre lot; Built in 1905; original woodwork, hardwood floors, and stained‑glass windows
