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Six-Unit Multifamily Building
For Sale
$299,900

401 Marquette Avenue, Crystal Falls, MI 49920

MULTIFAMILY, More than 2 Stories, Crystal Falls, MI

Property Size5,400 SF
Lot Size0.14 Acres
Price / SF$55.54
Days on Market299

Property Features for 401 Marquette Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 9
Bathrooms 6
Full bathrooms 6
Rooms Bedroom 3, Bedroom 6, Bathroom 5, Bathroom 1, Bedroom 8, Bedroom 7, Bedroom 9, Bedroom 1, Bathroom 2, Bathroom 6, Bedroom 5, Bedroom 2, Bedroom 4, Basement, Bathroom 4, Bathroom 3
Appliances Dryer, Range/Oven, Refrigerator, Washer
Lot features Corner Lot
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 5,400 SF
Lot size 0.14 Acres

Taxes and HOA fees

Tax Annual Amount 7973

Utilities

Heating system Oil
Cooling system Wall/Window Unit(s)
Water source Public

Amenities

coin-operated laundry
air conditioning in lower level units

Building Details

Year built 1977
Number of units 6
Architectural style Other
Listing Agency: STEPHENS REAL ESTATE-IRON RIVER
Listed By: STEPHEN REMONDINI · License #11057094
Added: Oct 27, 2025 Changed: Aug 19 Last Checked: Aug 21 at 6:06AM
MLS# 50192891

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 six-unit, three-story multifamily building offers three two-bedroom units and three one-bedroom units. Each unit includes an oven/range and a refrigerator. The lower level features coin-operated laundry facilities on site, and air conditioning is provided in the lower level units. Tenants also have practical in-unit support from the included appliances package.

Separate meters are in place for electric and water, with tenants responsible for those utilities. The property is served by public water, and the building’s basement includes the laundry and lower-level air conditioning.

Built in 1977, the property sits on a 0.14-acre lot and includes a three-car detached garage. The building measures 5,400 square feet.

Key Highlights

  • Three 2‑bedroom units and three 1‑bedroom units in a three‑story layout
  • Lower level has coin‑operated laundry facilities and air conditioning for lower‑level units
  • Oven/range and refrigerator included in each unit

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Dental Office Law Firm (Bike/Boat/Book/etc) Store Furniture & Home Goods

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

6
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

175
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?
Apartment building - Six-unit building with lower-level coin-operated laundry, wall/window AC, and a three-car detached garage.
Where is this apartment building located?
The property is located at 401 Marquette Avenue Crystal Falls, MI.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Three 2‑bedroom units and three 1‑bedroom units in a three‑story layout; Lower level has coin‑operated laundry facilities and air conditioning for lower‑level units; Oven/range and refrigerator included in each unit
More about this property
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