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8-Unit Apartment Building with Garages
For Sale
$424,150

421 S Suffolk, Ironwood, MI 49938

Eight two-bedroom residences offer private outdoor space, storage, and dedicated garage parking.

Property SizeContact for details
Days on Market107

Property Features for 421 S Suffolk

General Information

Standard status Active
Property subtype Multi-Family

Amenities

Cable Ready
Electric Heat
Baseboard
Ceiling Fan(s)
Wall/Window A/C
Dryer
Range/Oven
Refrigerator
Washer
Garden

Building Details

Year Built 1970
Listing Agency: THE REAL ESTATE STORE
Listed By: ELLEN WYSSLING · License #UPAR-6502365975
Source: Kw
Added: Jun 12 Changed: Sep 25 Last Checked: Sep 24 at 3:34PM

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 THE REAL ESTATE STORE

Investment Insights

Based on property information with market context.

Built in 1970, this split-level apartment property contains 8 units, each configured with 2 bedrooms, 1 bathroom, a storage closet, and a deck or patio oriented toward a wooded area. Every residence has a dedicated garage, while shared amenities include coin-operated laundry facilities. Interior features include electric baseboard heat, wall or window air conditioning, ceiling fans, ranges, refrigerators, and laundry equipment.

The property is located at 421 S Suffolk in Ironwood, Michigan, across from a skate park, near multiple playgrounds, and two blocks from downtown. Ownership covers water, sewer, garbage service, snow removal, and lawn care. Tenants pay their own electric service, including electricity and heat.

Key Highlights

  • 8 apartment units with 2 bedrooms and 1 bathroom per unit
  • 8 dedicated garages, providing one garage space for each apartment
  • Each unit includes a storage closet and private deck or patio

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Real Estate Agency Electrical Service Kitchen & Bath Showroom Grocery & Convenience Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

340
Businesses Nearby

Demographics for 49938, MI

7,340
Population
4,728
Households
1.6
Avg Household Size
49
Median Age
23%
College-Educated
95%
High-School Grad
225.6 sq mi
ZIP Area
33
Density / Sq Mi
$44,379
Median Household Income
$34,553
Median Earnings
$590
Median Rent
$95,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Eight two-bedroom residences offer private outdoor space, storage, and dedicated garage parking.
Where is this apartment building located?
The property is located at 421 S Suffolk Ironwood, MI.
What is the asking price?
The asking price for this property is $424,150.
What are key features of this property?
This property features: 8 apartment units with 2 bedrooms and 1 bathroom per unit; 8 dedicated garages, providing one garage space for each apartment; Each unit includes a storage closet and private deck or patio
More about this property
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