Duplex With Separate
513 S 14th Street, Escanaba, MI 49829
For Sale
New
$160,000
MULTIFAMILY, 2 Story, Escanaba, MI
Property Size1,955 SF
Lot Size0.16 Acres
Price / SF$81.84
Days on Market1
Property Features for 513 S 14th Street
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Exterior features
Appliances
Lot features
Elementary school district
Middle school district
High school district
Subdivision
Standard status
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Water source
Amenities
covered front porch
full basement
Building Details
Year built
Floors in Building
Number of units
Architectural style
Buildings
Listing Agency:
PREMIER REAL ESTATE, INC.
(906) 786-5030
Listed By:
DAVID COUILLARD · License MI #6501456421
(906) 399-5140
Added: Nov 9
Last Checked: Nov 9 at 8:06PM
MLS# 50227209
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,955-square-foot duplex at 513 S 14th Street in Escanaba contains two separate residences, each with its own entrance, utility meters, gas service, and heating system. The lower unit offers two bedrooms, a bonus room, an eat-in kitchen, living room, walk-in closet, and laundry room. Its bathroom was remodeled in 2024, and vinyl plank flooring was installed on the lower level. The upper unit includes a bedroom, a kitchen, and additional flexible rooms. A covered porch and full basement provide further building features.
The lower residence is scheduled to be vacant at closing. The property passed the City of Escanaba rental inspection, and its rental certificate runs through 2030. Built in 1890, the duplex sits on a 0.16-acre lot and is near downtown, schools, and shopping.
The lower residence is scheduled to be vacant at closing. The property passed the City of Escanaba rental inspection, and its rental certificate runs through 2030. Built in 1890, the duplex sits on a 0.16-acre lot and is near downtown, schools, and shopping.
Key Highlights
- Two‑unit property with 1,955 square feet of building area
- 0.16‑acre lot in Escanaba
- Lower‑unit bathroom remodeled in 2024; vinyl plank flooring installed throughout the lower level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,912
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,240
$258.2K
Cap Rate 7%
$184,457
$184.5K
Cap Rate 9%
$143,467
$143.5K
Market Conditions
NOI Build-Up for 1,955 SF
Gross rent
$19.9K $10.20/SF
− Vacancy
−$1.5K −$0.77/SF
EGI
$18.4K $9.44/SF
− OpEx
−$5.5K −$2.83/SF
NOI
$12.9K $6.60/SF
Area
Delta County, MI
Vacancy
7.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,240
Cap Rate 7%
$184,457
Cap Rate 9%
$143,467
Alternative Uses
Best Use
Multifamily LT 5
$184.5K
$161.4K – $215.2K
NOI $12,912 @ 7.0% cap · market cap 8.07%
Second Best
Apartment 5plus
$171.4K
$150.0K – $200.0K
NOI $12,000 @ 7.0% cap · market cap 7.50%
Theoretical Best
Office A
$382.7K
$334.9K – $446.5K
NOI $26,789 @ 7.0% cap · market cap 16.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
551
Businesses Nearby
Explore this area
Business Placement
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
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
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have individual entrances, utility meters, gas service, and heating systems.
Where is this duplex located?
The property is located at 513 S 14th Street Escanaba, MI.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Two‑unit property with 1,955 square feet of building area; 0.16‑acre lot in Escanaba; Lower‑unit bathroom remodeled in 2024; vinyl plank flooring installed throughout the lower level
