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Four-Unit Property with Garages
For Sale
$334,990

5216 E Sunset, Ironwood, MI 49938

Four separately deeded residences offer individual parking, garage, and basement areas.

Property SizeContact for details
Days on Market33

Property Features for 5216 E Sunset

General Information

Standard status Active
Property subtype Multi-Family

Amenities

Forced Air
Wall/Window A/C
Range/Oven
Refrigerator

Building Details

Year Built 1937
Listing Agency: HomeCoin.com
Listed By: Jonathan Minerick · License #01523060
Source: Kw
Added: Jul 11 Changed: Aug 10 Last Checked: Aug 11 at 12:52PM

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 HomeCoin.com

Investment Insights

Based on property information with market context.

This quadplex consists of four side-by-side residences on approximately 1.75 acres, with each home separately deeded and assigned to its own tax parcel. Three residences contain 2 bedrooms and 1 bathroom, along with private basements, laundry hookups, one-car garages, and dedicated driveways. The larger end residence has 3 bedrooms, 1 bathroom, a private basement with laundry hookups, a detached 2-car garage, and an additional storage shed.

The 1937 property has block construction, vinyl windows, updated flooring, a newer roof, public water and sewer, and exterior repainting completed approximately three years ago. Separate off-street parking and spacing between the residences provide distinct outdoor areas. Tenants pay gas, electric, water/sewer, and trash, while the owner handles lawn care and snow removal. The property is located at 5216 E Sunset in Ironwood, within driving distance of Big Powderhorn Mountain, Blackjack Mountain, Indianhead Mountain, Lake Superior, and snowmobile and ATV trail systems.

Key Highlights

  • Approximately 1.75 acres with four side‑by‑side residences
  • Each residence is separately deeded and located on its own tax parcel
  • Three 2‑bedroom, 1‑bath residences include private basements, laundry hookups, one‑car garages, and dedicated driveways

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Restaurant HVAC Service (Bike/Boat/Book/etc) Store Accounting Firm Nursing Home Bed & Breakfast

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

5
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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Four separately deeded residences offer individual parking, garage, and basement areas.
Where is this quadplex located?
The property is located at 5216 E Sunset Ironwood, MI.
What is the asking price?
The asking price for this property is $334,990.
What are key features of this property?
This property features: Approximately 1.75 acres with four side‑by‑side residences; Each residence is separately deeded and located on its own tax parcel; Three 2‑bedroom, 1‑bath residences include private basements, laundry hookups, one‑car garages, and dedicated driveways
More about this property
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