Two-Unit Duplex with
For Sale
$379,900
224 W HEWITT AVENUE, Marquette, MI 49855
MARQUETTE, MI
Property Size2,236 SF
Price / SF$169.90
Days on Market19
Property Features for 224 W HEWITT AVENUE
General Information
Property type
Residential Multi Family
Property subtype
Single Family Attached
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bedroom 4, Bedroom 1
Standard status
Active
Size
2,236 SF
Building Details
Year built
1905
Buildings
1
Listing Agency:
Marquette · Coldwell Banker Real Estate
(906) 225-5992
Listed By:
Paula Lutey
(906) 869-3611
Added: Oct 10
Changed: Oct 27
Last Checked: Oct 28 at 10:06PM
MLS# 50224527
Copyright © 2026 Coldwell Banker Schmidt REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,236-square-foot duplex was built in 1905 and is arranged as two residential units across two stories. Each floor is configured for one or two bedrooms and includes a kitchen with pantry storage, a full bathroom, and spacious rooms. Original woodwork, doors, trim, hardwood floors, and stained-glass windows remain among the interior features. A walk-up attic offers additional space, while the property also includes a full basement and a two-car garage.
Outdoor features include a partially fenced backyard and off-street parking. The property is located in Marquette, Michigan, with proximity to city amenities.
Outdoor features include a partially fenced backyard and off-street parking. The property is located in Marquette, Michigan, with proximity to city amenities.
Key Highlights
- Two units, with one- to two‑bedroom layouts on each floor
- 2,236 square feet across two stories; built in 1905
- Each unit has a kitchen with pantry storage and a full bathroom with a clawfoot tub
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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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,347
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each floor has a kitchen, full bath, and a layout configured for one or two bedrooms.
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 units, with one- to two‑bedroom layouts on each floor; 2,236 square feet across two stories; built in 1905; Each unit has a kitchen with pantry storage and a full bathroom with a clawfoot tub
