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Turnkey Duplex With In-Unit Laundry
For Sale
$110,000

309 S 5th Street, Crystal Falls, MI 49920

MULTIFAMILY, 2 Story, Crystal Falls, MI

Property Size1,650 SF
Lot Size0.16 Acres
Price / SF$66.67
Days on Market94

Property Features for 309 S 5th Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 3, Bedroom 4, Bathroom 1, Basement, Bathroom 2, Bedroom 1, Bedroom 2
Lot features Main Street
Elementary school district Forest Park School District
Middle school district Forest Park School District
High school district Forest Park School District
Subdivision Crystal Falls (36006)
Standard status Active
Size 1,650 SF
Lot size 0.16 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 2270

Utilities

Heating system Forced Air
Water source Public

Building Details

Year built 1935
Floors in Building 2
Number of units 2
Architectural style Conventional
Listing Agency: STEPHENS REAL ESTATE-IRON RIVER
Listed By: STEPHEN REMONDINI · License #11057094
Added: May 20 Changed: Aug 19 Last Checked: Aug 21 at 3:06PM
MLS# 50208653

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 turnkey duplex offers two residential levels with separate living areas. The first floor includes a 2-bedroom, 1-bath layout with a spacious living and dining zone, a functional kitchen, in-unit laundry, and a private rear entry. The second floor provides another 2-bedroom, full kitchen, and full bath arrangement, along with a separate bonus office space. A basement is also listed.

Built in 1935, the property totals 1,650 square feet and sits on a 0.16-acre lot. Heating is provided by forced air. The building is supported by public water.

Recent improvements are noted throughout, including a newer furnace, fresh hot water tank, upgraded PEX plumbing, and 100-amp electrical service. A detached one-car garage is included, adding convenient off-street storage and parking for tenants.

Key Highlights

  • 1,650 SF duplex on a 0.16‑acre lot
  • First‑floor unit: 2 bedrooms, 1 bathroom, in‑unit laundry, private rear entry
  • Second‑floor unit: 2 bedrooms plus a separate bonus office space

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Furniture & Home Goods HVAC Service Cafe & Coffee Shop Pet Grooming Service

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

184
Businesses Nearby

Demographics for 49920, MI

4,046
Population
3,236
Households
1.3
Avg Household Size
55
Median Age
22%
College-Educated
94%
High-School Grad
401.8 sq mi
ZIP Area
10
Density / Sq Mi
$61,028
Median Household Income
$36,355
Median Earnings
$916
Median Rent
$119,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Duplex - Turnkey duplex features in-unit laundry and a private rear entry, with updated mechanical and plumbing systems for low-maintenance ownership.
Where is this duplex located?
The property is located at 309 S 5th Street Crystal Falls, MI.
What is the asking price?
The asking price for this property is $110,000.
What are key features of this property?
This property features: 1,650 SF duplex on a 0.16‑acre lot; First‑floor unit: 2 bedrooms, 1 bathroom, in‑unit laundry, private rear entry; Second‑floor unit: 2 bedrooms plus a separate bonus office space
More about this property
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