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10-Unit Apartment Building
New
For Sale
$350,000
Pending

3890 L.15, Escanaba, MI 49829

MULTI_FAMILY - ESCANABA, MI

Property SizeContact for details
Days on Market2

Property Features for 3890 L.15

General Information

Property type Residential Multi Family
Property subtype Single Family Attached
Bedrooms 12
Bathrooms 6
Full bathrooms 6
Rooms Bedroom 12, Bedroom 7, Bedroom 2, Bedroom 10, Bedroom 6, Bedroom 4, Bedroom 8, Bedroom 5, Bedroom 11, Bedroom 3, Bedroom 1, Bedroom 9
Standard status Pending

Amenities

coin-operated laundry
secure storage areas
concrete patio
Listing Agency: Coldwell Banker Schmidt Realtors - Escanaba · Coldwell Banker Real Estate
Listed By: Wendy Holzenkamp · License #6501296852
Added: Aug 10 Last Checked: Aug 11 at 7:06PM
MLS# 1119708

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.

Investment Insights

Based on property information with market context.

This 10-unit apartment property includes eight two-bedroom homes and two one-bedroom residences positioned at the basement level. The lower-level units open to a concrete patio, while every apartment has a dedicated water heater, electrical panel, and secured basement storage. Eight units use electric forced-air furnaces; two receive gas hot-water heat with that service included.

The property provides two parking structures with one stall assigned to each tenant. A coin-operated laundry area is located in the basement. An additional 24x28 garage offers space for owner maintenance equipment. The property is located at 3890 L.15 in Escanaba, Michigan 49829, within Delta County.

Key Highlights

  • 10‑unit apartment property with eight 2‑bedroom units and two 1‑bedroom units
  • Two parking structures with one tenant parking stall per unit
  • Each apartment has its own hot water heater, electrical panel, and secure basement storage

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Garden Center Carpet & Flooring Store Pet Grooming Service Gym & Fitness Center Wine and Liquor Store Nursing Home

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

10
Residential units

Location Intelligence

Trade Area within ½ mile

17
Businesses Nearby

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

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?
Apartment building - Mix of one- and two-bedroom residences with individual utilities, storage, and basement laundry facilities.
Where is this apartment building located?
The property is located at 3890 L.15 Escanaba, MI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 10‑unit apartment property with eight 2‑bedroom units and two 1‑bedroom units; Two parking structures with one tenant parking stall per unit; Each apartment has its own hot water heater, electrical panel, and secure basement storage
More about this property
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