Multifamily Investment Portfolio with
246 Ashland Court Ironwood, MI 49938
246 Ashland Court, Ironwood, MI, 49938
$1,285,000
For Sale
$1,285,000
COMMERCIAL - Ironwood, MI
Lot Size1.73 Acres
Days on Market46
Property Features for 246 Ashland Court
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Parking features
- Off Street
- Patio and Porch features
- Patio
- Exterior features
- Deck/Patio, Garden Area
- Standard status
- Active
- Lot size
- 1.73 Acres
Utilities
- Heating system
- Baseboard, Oil, Other (Heating), Hot Water(Heating), Electric (Heating)
- Cooling system
- Wall/Window Unit(s), Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1975
- Roof type
- Asphalt
Listing Agency
THE REAL ESTATE STORE
(906) 932-5406
527 Lake St, Ironwood, MI
Listed by
ELLEN WYSSLING
(906) 364-0655
Added: Jun 2 Checked: Jul 17 at 11:06 am
MLS# 50210046
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.
This multifamily investment portfolio includes 21 rental units and 24 garages. The core asset is a 15-unit brick apartment building with three secure entrances serving both upper and lower levels. Units 1–12 are 2-bedroom, 1-bath floor plans, and the lower level also includes three 1-bedroom, 1-bath apartments. On-site amenities include coin-operated laundry facilities, storage units, and a common bathroom, and many units feature private balconies.
The portfolio is rounded out by three duplexes, including a side-by-side duplex with private back decks and dedicated garage spaces, plus two upper/lower duplexes. One standout duplex is identified as 302/304 Ashland Court, with two bedrooms and two bathrooms in the lower unit and two bedrooms with abundant natural light in the upper unit.
While some work is needed to refresh the property, ownership currently covers water, sewer, garbage service, natural gas, snow removal, and lawn care, while tenants pay their own electricity. The units are located in Ironwood, with convenient access to downtown amenities described as only minutes away.
The portfolio is rounded out by three duplexes, including a side-by-side duplex with private back decks and dedicated garage spaces, plus two upper/lower duplexes. One standout duplex is identified as 302/304 Ashland Court, with two bedrooms and two bathrooms in the lower unit and two bedrooms with abundant natural light in the upper unit.
While some work is needed to refresh the property, ownership currently covers water, sewer, garbage service, natural gas, snow removal, and lawn care, while tenants pay their own electricity. The units are located in Ironwood, with convenient access to downtown amenities described as only minutes away.
Key Highlights
- Portfolio includes 21 rental units and 24 garages along one street for streamlined management
- Includes a 15‑unit brick apartment building with three secure entrances serving upper and lower levels
- Apartment mix: units 1‑12 are 2 bed/1 bath; three additional 1 bed/1 bath apartments on the lower level
Property Analytics
Location Intelligence
Current Use by Public Records
Ahonen Apartments
Apartment Building
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Portfolio includes 21 rental units and 24 garages, anchored by a 15-unit brick apartment building plus three duplexes.
Where is this apartment building located?
The property is located at 246 Ashland Court Ironwood, MI.
What is the asking price?
The asking price for this property is $1,285,000.
What are key features of this property?
This property features: Portfolio includes 21 rental units and 24 garages along one street for streamlined management; Includes a 15‑unit brick apartment building with three secure entrances serving upper and lower levels; Apartment mix: units 1‑12 are 2 bed/1 bath; three additional 1 bed/1 bath apartments on the lower level
