Remodeled Duplex with Forced-Air
New
For Sale
$190,000
Pending
616 S 11th Street, Escanaba, MI 49829
MULTI_FAMILY - Escanaba, MI
Property Size2,332 SF
Lot Size0.16 Acres
Days on Market4
Property Features for 616 S 11th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 1, Bathroom 1, Bathroom 2, Basement, Bedroom 2, Bedroom 3
Subdivision
Campbells Add
Elementary school district
Escanaba Area Public Schools
Middle school district
Escanaba Area Public Schools
High school district
Escanaba Area Public Schools
Standard status
Pending
Size
2,332 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2026
Utilities
Heating system
Forced Air
Water source
Public
Building Details
Year built
1902
Floors in Building
2
Number of units
2
Architectural style
Other
Listing Agency:
KEY REALTY DELTA COUNTY LLC
(906) 233-7455
Listed By:
MELISSA SCHUSTER · License #6501340623
(906) 399-8182
Added: Jul 28
Changed: Jul 31
Last Checked: Jul 31 at 9:06PM
MLS# 50216384
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.
Investment Insights
Based on property information with market context.
This remodeled duplex is currently used as a primary residence and can be converted back into an income-producing property. The home features forced-air heating, with newer furnaces and a newer water heater already in place. Interior updates provide a modern, move-in-ready layout, and the configuration includes four bedrooms, two bathrooms, and a basement.
Set on a 0.16-acre lot, the property measures 2,332 square feet. Public water service is available, supporting continued residential use or a return to a duplex income setup.
Built in 1902, the home offers a compact, practical footprint for an owner-occupant or for use as a duplex while maintaining the flexibility to operate it as an income-producing property.
Set on a 0.16-acre lot, the property measures 2,332 square feet. Public water service is available, supporting continued residential use or a return to a duplex income setup.
Built in 1902, the home offers a compact, practical footprint for an owner-occupant or for use as a duplex while maintaining the flexibility to operate it as an income-producing property.
Key Highlights
- 0.16‑acre lot with 2,332 SF total building area
- Remodeled duplex currently used as a primary residence and can be converted back to income‑producing use
- Newer furnaces and a newer water heater
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.8k | $10.20 |
| − Vacancy | −$1.8k | −$0.77 |
| EGI | $22.0k | $9.44 |
| − OpEx | −$6.6k | −$2.83 |
| NOI | $15.4k | $6.60 |
2,332 SF · lease $10.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$220.0K
$192.5K – $256.7K
NOI $15,402 @ 7.0% cap · market cap 8.11%
Second Best
Apartment 5plus
$204.5K
$178.9K – $238.6K
NOI $14,314 @ 7.0% cap · market cap 7.53%
Theoretical Best
Office A
$456.5K
$399.4K – $532.6K
NOI $31,955 @ 7.0% cap · market cap 16.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
596
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Remodeled duplex with forced-air heating and public water, configured with a basement and multiple bedrooms and bathrooms.
Where is this duplex located?
The property is located at 616 S 11th Street Escanaba, MI.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: 0.16‑acre lot with 2,332 SF total building area; Remodeled duplex currently used as a primary residence and can be converted back to income‑producing use; Newer furnaces and a newer water heater
