21-Unit Multifamily
For Sale
$1,092,250
246 Ashland Court, Ironwood, MI 49938
COM/IND/BUS OPP, Ironwood, MI
Property SizeContact for details
Lot Size1.73 Acres
Days on Market86
Property Features for 246 Ashland Court
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Zoning description
Commercial
Parking features
Off Street
Patio and Porch features
Patio
Exterior features
Deck/Patio, Garden Area
Lot features
Bus Service To Site, Corner Lot, Main Street, Utilities Above Ground, Cleared
Subdivision
Ironwood (27006)
Standard status
Active
Lot size
1.73 Acres
Utilities
Heating system
Other (Heating), Electric (Heating), Oil, Hot Water(Heating), Baseboard
Cooling system
Wall/Window Unit(s), Ceiling Fan(s)
Water source
Public
Amenities
coin-operated laundry facilities
storage units
common bathroom
garage rentals
private balconies
private back decks
Building Details
Year built
1975
Roof type
Asphalt
Listing Agency:
THE REAL ESTATE STORE
(906) 932-5406
Listed By:
ELLEN WYSSLING · License #UPAR-6502365975
(906) 364-0655
Added: Jun 2
Changed: Aug 24
Last Checked: Aug 26 at 7:06AM
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 portfolio includes 21 rental units and 24 garages across a 15-unit brick apartment building and three duplexes. The apartment building offers 12 two-bedroom, one-bath units plus three one-bedroom, one-bath lower-level apartments. Property features include three secured entrances, coin-operated laundry, storage units, a common bathroom, and private balconies at most apartments. The duplexes add varied layouts, including a side-by-side configuration and two upper/lower buildings. The lower unit at 302/304 Ashland Court has two bedrooms and two bathrooms, while the upper unit has two bedrooms and substantial living space. That duplex also retains original woodwork, a fireplace, high ceilings, large kitchens, and generous living areas, with additional work needed.
The properties occupy 1.73 acres in Ironwood and are located minutes from downtown shops, restaurants, community events, and year-round entertainment. Ownership currently covers water, sewer, garbage service, natural gas, snow removal, and lawn care; tenants pay electricity. The property was built in 1975 and has public water, off-street parking, asphalt roofing, and a combination of oil, electric, hot-water, and baseboard heating.
The properties occupy 1.73 acres in Ironwood and are located minutes from downtown shops, restaurants, community events, and year-round entertainment. Ownership currently covers water, sewer, garbage service, natural gas, snow removal, and lawn care; tenants pay electricity. The property was built in 1975 and has public water, off-street parking, asphalt roofing, and a combination of oil, electric, hot-water, and baseboard heating.
Key Highlights
- 21 rental units and 24 garages across one multifamily portfolio
- 15‑unit brick apartment building plus three duplexes
- Unit mix includes 12 two‑bedroom apartments and three one‑bedroom apartments
Property Analytics
Property Profile
Current Use
Lease Details
21
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
368
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Commercial-zoned rental portfolio with varied apartment layouts, garage rentals, and shared resident amenities.
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 $1,092,250.
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; Unit mix includes 12 two‑bedroom apartments and three one‑bedroom apartments
