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Duplex with Separate Utilities
For Sale
$150,000

708 Bank, Ishpeming, MI 49849

Two-unit property with improvements to electrical, roofing, windows, plumbing, and mechanical systems.

Property SizeContact for details
Days on Market173

Property Features for 708 Bank

General Information

Standard status Active
Property subtype Multi-Family

Property Condition

Severity Repairs Needed
Evidence Lower unit could use a kitchen refresh

Additional Details

Multifamily Units 2

Amenities

Ceiling Fan(s)
Forced Air
Refrigerator

Building Details

Year Built 1890
Listing Agency: RE/MAX 1ST REALTY
Listed By: DAWN FLORIO · License #6506048630
Source: Kw
Added: May 10 Changed: Oct 27 Last Checked: Oct 28 at 1:00PM

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 RE/MAX 1ST REALTY

Rey
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Investment Insights

Based on property information with market context.

This two-unit residential income property at 708 Bank in Ishpeming dates to 1890 and has separate utilities for each unit. Recent work includes 100 amp electrical service in both units, a metal roof, vinyl windows, updated plumbing, and new flooring in the lower unit. A forced air furnace serves both units, while interior features include ceiling fans and refrigerators.

The lower unit’s kitchen requires updating, leaving a defined interior improvement project for a new owner. The combination of separate utility metering and completed building-system updates provides a clear physical configuration for continued residential rental use.

Key Highlights

  • Duplex at 708 Bank, Ishpeming, MI 49849
  • Separate utilities for each unit
  • Newer 100 amp electrical service in each unit

Property Analytics

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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

252
Businesses Nearby

Demographics for 49849, MI

11,819
Population
5,915
Households
2
Avg Household Size
43
Median Age
26%
College-Educated
95%
High-School Grad
241.4 sq mi
ZIP Area
49
Density / Sq Mi
$63,425
Median Household Income
$35,081
Median Earnings
$769
Median Rent
$145,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two-unit property with improvements to electrical, roofing, windows, plumbing, and mechanical systems.
Where is this duplex located?
The property is located at 708 Bank Ishpeming, MI.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Duplex at 708 Bank, Ishpeming, MI 49849; Separate utilities for each unit; Newer 100 amp electrical service in each unit
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