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21-Unit Apartment Portfolio
For Sale
$1,092,250

246 Ashland #242 247 249 302 & 304 Ashland Court, Ironwood, MI 49938

Mixed apartment and duplex property with garages, laundry facilities, storage, and several private outdoor spaces.

Property SizeContact for details
Days on Market81

Property Features for 246 Ashland #242 247 249 302 & 304 Ashland Court

General Information

Standard status Active
Total Parking Spaces 24
Property subtype Multi-Family

Property Condition

Severity Repairs Needed
Evidence still needs some elbow grease to shine it up

Site & Location

Road Access Yes
Utilities to Site Yes

Units

Unit Mix 12 x 2BR/1BA, 3 x 1BR/1BA, 1 x 2BR/2BA, 1 x 2BR
Multifamily Units 21

Amenities

coin-operated laundry
storage units
common bathroom
private balconies
Fireplace
Cable Ready
Boiler
Forced Air

Building Details

Year Built 1975
Listing Agency: THE REAL ESTATE STORE
Listed By: ELLEN WYSSLING · License #UPAR-6502365975
Source: Kw
Added: Jun 12 Changed: Aug 31 Last Checked: Aug 31 at 1:13AM

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 THE REAL ESTATE STORE

Investment Insights

Based on property information with market context.

This multifamily portfolio includes 21 rental units and 24 garages across a 15-unit brick apartment building and three duplexes. The apartment building has three secured entrances, with 12 two-bedroom, one-bath units and three one-bedroom, one-bath units on the lower level. Common amenities include coin-operated laundry, storage units, and a shared bathroom. Most apartments have private balconies, while the duplexes add private back decks and dedicated garage spaces.

The 302/304 Ashland Court duplex includes original woodwork, a fireplace, high ceilings, large kitchens, and spacious living areas. Its lower apartment has two bedrooms and two bathrooms; the upper apartment has two bedrooms. Ownership currently provides water, sewer, garbage service, natural gas, snow removal, and lawn care, while tenants pay electricity. The properties are located minutes from downtown Ironwood and were built in 1975.

Key Highlights

  • 21 rental units and 24 garages across one multifamily portfolio
  • 15‑unit brick apartment building plus three duplexes
  • Apartment mix includes 12 two‑bedroom units and three one‑bedroom units

Property Analytics

Current Use

Ahonen Apartments Apartment Building

Suggested Use

Top Pick Real Estate Agency Dental Office Skin Care Clinic HVAC Service Grocery & Convenience Store (Bike/Boat/Book/etc) 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

21
Residential units
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

382
Businesses Nearby

Demographics for 49938, MI

7,340
Population
4,728
Households
1.6
Avg Household Size
49
Median Age
23%
College-Educated
95%
High-School Grad
225.6 sq mi
ZIP Area
33
Density / Sq Mi
$44,379
Median Household Income
$34,553
Median Earnings
$590
Median Rent
$95,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Apartment building - Mixed apartment and duplex property with garages, laundry facilities, storage, and several private outdoor spaces.
Where is this apartment building located?
The property is located at 246 Ashland #242 247 249 302 & 304 Ashland Court Ironwood, MI.
What is the asking price?
The asking price for this property is $1,092,250.
What are key features of this property?
This property features: 21 rental units and 24 garages across one multifamily portfolio; 15‑unit brick apartment building plus three duplexes; Apartment mix includes 12 two‑bedroom units and three one‑bedroom units
More about this property
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