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Triplex with Walkout Basement
For Sale
$54,900

41 Marquette Ave, Crystal Falls, MI 49920

Three apartments include two two-bedroom units and one one-bedroom unit, with city water and sewer service.

Property Size2,849 SF
Lot Size0.16 Acres
Price / SF$19.27
Days on Market11

Property Features for 41 Marquette Ave

General Information

Standard status Active
Size 2,849 SF
Lot size 0.16 Acres
Property subtype Residential Income

Property Condition

Severity Repairs Needed
Evidence One unit needs additional work

Units

Unit Mix 2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units 3

Additional Details

Utilities to Site Yes

Taxes and HOA fees

Annual Taxes $3,127

Building Details

Buildings 1
Stories 2
Listing Agency: Five Star Real Estate
Listed By: Colton Rine
Source: Exprealty
Added: Aug 20 Changed: Aug 28 Last Checked: Aug 29 at 2:45PM

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 Five Star Real Estate

Investment Insights

Based on property information with market context.

This two-story triplex includes a walkout basement and three separate apartments: two 2-bedroom, 1-bath units plus one 1-bedroom, 1-bath unit. One apartment requires additional work. Recent improvements include all new windows, a newer furnace, a tankless water heater, updated electrical, new toilets, and an insulated, drywalled attic. Wood flooring is present throughout, and the basement contains the washer and dryer. The property is being sold AS-IS.

The approximately 0.16-acre property occupies a corner lot with a spacious yard in a hillside setting. City water and sewer serve the property, and there is no garage. The creek is approximately 1/2 mile away.

Key Highlights

  • Three separate apartments: two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
  • Two‑story layout with walkout basement
  • Approximately 0.16 acres on a corner lot with a spacious yard

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Parking Lot & Garage HVAC Service 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

3
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

164
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?
Triplex - Three apartments include two two-bedroom units and one one-bedroom unit, with city water and sewer service.
Where is this triplex located?
The property is located at 41 Marquette Ave Crystal Falls, MI.
What is the asking price?
The asking price for this property is $54,900.
What are key features of this property?
This property features: Three separate apartments: two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit; Two‑story layout with walkout basement; Approximately 0.16 acres on a corner lot with a spacious yard
More about this property
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