Two-Unit Duplex with
For Sale
$129,900
310 N 18TH STREET, Escanaba, MI 49829
ESCANABA, MI
Property Size1,661 SF
Price / SF$78.21
Days on Market68
Property Features for 310 N 18TH STREET
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
Subdivision
Smith-Dunlap Add
Standard status
Active
Size
1,661 SF
Amenities
basement storage
laundry setup
Building Details
Year built
1905
Listing Agency:
Escanaba · Coldwell Banker Real Estate
(906) 786-5972
Listed By:
Jean Fulton
(906) 420-5444
Added: Aug 13
Changed: Oct 16
Last Checked: Oct 19 at 12:06AM
MLS# 50203727
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 1,661-square-foot duplex contains two units with extensive storage throughout. The lower unit includes a large pantry, basement storage, and a laundry setup. The upper unit has three storage areas and a spacious entry area for additional belongings. An original staircase connects the floors, allowing the layout to function as a single-family residence as well. The property also includes a yard and plenty of parking.
A garage is currently used for toy storage and has a small door; the opening could be updated for a larger configuration. Both units were recently vacant and are city certified. Built in 1905, the property is located at 310 N 18th Street in Escanaba, Michigan.
A garage is currently used for toy storage and has a small door; the opening could be updated for a larger configuration. Both units were recently vacant and are city certified. Built in 1905, the property is located at 310 N 18th Street in Escanaba, Michigan.
Key Highlights
- Two‑unit duplex totaling 1661 square feet
- Original staircase connects both floors for potential single‑family use
- Lower unit includes a large pantry, basement storage, and laundry setup
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,970
Cap Rate
8.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$219,400
$219.4K
Cap Rate 7%
$156,714
$156.7K
Cap Rate 9%
$121,889
$121.9K
Market Conditions
NOI Build-Up for 1,661 SF
Gross rent
$16.9K $10.20/SF
− Vacancy
−$1.3K −$0.77/SF
EGI
$15.7K $9.44/SF
− OpEx
−$4.7K −$2.83/SF
NOI
$11.0K $6.60/SF
Area
Delta County, MI
Vacancy
7.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$219,400
Cap Rate 7%
$156,714
Cap Rate 9%
$121,889
Alternative Uses
Best Use
Multifamily LT 5
$156.7K
$137.1K – $182.8K
NOI $10,970 @ 7.0% cap · market cap 8.44%
Second Best
Apartment 5plus
$145.6K
$127.4K – $169.9K
NOI $10,195 @ 7.0% cap · market cap 7.85%
Theoretical Best
Office A
$325.2K
$284.5K – $379.4K
NOI $22,761 @ 7.0% cap · market cap 17.52%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
766
Businesses Nearby
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Business Placement
Demographics for 49829, MI
17,009
Population
8,729
Households
1.9
Avg Household Size
45
Median Age
19%
College-Educated
90%
High-School Grad
66.8 sq mi
ZIP Area
255
Density / Sq Mi
$45,808
Median Household Income
$31,366
Median Earnings
$667
Median Rent
$139,000
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 - The property includes a yard, parking, basement storage, and a laundry setup.
Where is this duplex located?
The property is located at 310 N 18TH STREET Escanaba, MI.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: Two‑unit duplex totaling 1661 square feet; Original staircase connects both floors for potential single‑family use; Lower unit includes a large pantry, basement storage, and laundry setup
