408 Fairview St Houghton, MI 49931
A 428-bed student housing community near Michigan Tech.
Type:Multifamily
- Added:
- Mar 24, 2026
- Days on Market:
- 9
- Last Refresh:
- Mar 25 at 8:56 pm
Property Features for 408 Fairview St
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing agent Austin Hull License #MI 6502430931
Listing office Hull Multifamily Advisors
Listing date Mar 24, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Hull Multifamily Advisors
Overview
Premier Student Housing Community
The Elements Apartments is a student housing community located less than one block from Michigan Technological University in Houghton, Michigan. Constructed in three phases between 2015 and 2024, this asset features 428 beds. The property consists of three buildings and features a diverse unit mix of studio, one-, two-, three-, and four-bedroom floor plans. Tenant-paid electric is available in Buildings E2 and E3, while ownership covers water and gas. Residents benefit from amenities including in-unit washers and dryers, a 24-hour fitness center, fully furnished units in E1, heated garages, and an on-site convenience store. The property is currently operating at 74% occupancy. Building E1, consisting of 95 units, was completed in 2024. Prior to E1’s delivery, the asset consistently achieved near 100% occupancy since 2015. Michigan Tech has increased enrollment over the past two years and is expected to welcome the largest incoming class in its history in Fall 2026. There are no known student housing developments currently underway in the immediate market. Current ownership is offering seller financing, including 20% down, 4.75% interest, 30-year amortization, and a 5-year balloon (subject to final terms).
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Houghton
- County
- Houghton
- State
- Michigan
- Longitude
- -88.545016
- Latitude
- 47.114334
FAQs
What type of property is this?
Apartment building - A 428-bed student housing community near Michigan Tech.
Where is this apartment building located?
The property is located at 408 Fairview St Houghton, MI.
What are key features of this property?
This property features: Unmatched proximity to Michigan Technological University - less than one block from campus!; New construction (2015‑2024) with value‑add opportunity due to recent completion of Building E1.; Strong amenity package including in‑unit washers and dryers, 24‑hour fitness center, and more.
