315 Tobin Street, Negaunee, MI 49866
MULTI_FAMILY - Conventional - Negaunee, MI
- Added:
- May 18, 2026
- Days on Market:
- 50
- Last Refresh:
- Jul 6 at 1:06 am
Property Features for 315 Tobin Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 1, Bedroom 4, Basement, Bedroom 3, Bathroom 1, Bedroom 2, Laundry Room
- Parking features
- Garage, Driveway
- Patio and Porch features
- Deck, Porch
- Exterior features
- Deck, Porch, Sidewalks, Street Lights, Exterior Balcony
- Appliances
- Dryer, Range/Oven, Refrigerator, Washer
- Standard status
- Active Under Contract
- Size
- 2,078 SF
- Lot size
- 0.14 Acres
Utilities
- Heating system
- Radiant, Space Heater
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Architectural style
- Conventional
Listing agent CHELSEY DAAVETTILA License #UPAR (906) 282-2524
Listing office COLDWELL BANKER SCHMIDT REALTORS 407 S Lakeshore Blvd Suite A, MARQUETTE, MI (906) 225-5992
Listing date May 18, 2026
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.
HighLights
- Duplex in Negaunee with two 2‑bedroom, 2‑bath units and private entrances
- New roof installed May 2026, plus new kitchen flooring in Unit 2 (May 2026)
- Natural gas radiant space heating; includes additional space heater
- Unit details: lower unit has in‑unit laundry; upper unit has a private balcony and attic access
- Parking includes 1‑car garage and a large paved driveway with space for 6 cars
- Potential expansion: attic access and possible 3rd bedroom in each unit
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.2k | $9.24 |
| − Vacancy | −$657 | −$0.32 |
| EGI | $18.5k | $8.92 |
| − OpEx | −$5.6k | −$2.68 |
| NOI | $13.0k | $6.25 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Negaunee
- County
- Marquette
- State
- Michigan
- Longitude
- -87.6140845
- Latitude
- 46.5017847
