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Updated Duplex Near Downtown
For Sale
$239,000

803 Elm Street, Hancock, MI 49930

MULTIFAMILY, More than 2 Stories, Hancock, MI

Property Size3,040 SF
Lot Size0.13 Acres
Price / SF$78.62
Days on Market82

Property Features for 803 Elm Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Bathrooms 3
Full bathrooms 2
Half bathrooms 1
Rooms Basement, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 6, Bathroom 3, Bedroom 4, Bedroom 5
Patio and Porch features Porch
Interior features Cable/Internet Avail., Hardwood Floors
Exterior features Porch, Satellite Dish
Subdivision Hancock Copper Mining Cos Add
Elementary school district Hancock Public Schools
Middle school district Hancock Public Schools
High school district Hancock Public Schools
Standard status Active
Size 3,040 SF
Lot size 0.13 Acres

Taxes and HOA fees

Tax Annual Amount 3907

Utilities

Heating system Hot Water(Heating)
Cooling system Ceiling Fan(s), Central Air
Water source Public

Amenities

shared laundry

Building Details

Year built 1910
Number of units 2
Architectural style Other
Listing Agency: STATE WIDE OF HOUGHTON
Listed By: JENNIFER DEEPHOUSE · License #UPAR
Added: Jun 16 Changed: Sep 3 Last Checked: Sep 5 at 8:06PM
MLS# 50211634

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 3,040-square-foot duplex includes a one-bedroom main-level residence and an upper apartment arranged across two floors. The main unit has a kitchen, bathroom, bedroom, and enclosed front porch access. The upper residence includes multiple bedrooms, a kitchen, full bathroom, sitting area, half-bath, and air-conditioned rooms. Both units have front and rear entrances, while the shared basement contains laundry facilities accessible from the rear.

Built in 1910 on 0.13 acres, the property features a fully updated electrical system, hardwood floors, hot-water heat, ceiling fans, central air, public water, and porch space. Parking is allocated between the units, with one area reached from the side and another from the alley. Current leases extend through May 2027. The property is near the waterfront, downtown Hancock, shops, schools, the hospital, and a neighborhood park.

Key Highlights

  • Duplex totals 3,040 square feet on a 0.13‑acre lot
  • Main unit has 1 bedroom; upper unit spans 2 levels with additional bedrooms and baths
  • Current leases run through May 2027

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Building Supply Nail Salon Electrical Service Kitchen & Bath Showroom 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.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

346
Businesses Nearby

Demographics for 49930, MI

7,135
Population
3,366
Households
2.1
Avg Household Size
36
Median Age
44%
College-Educated
96%
High-School Grad
49.5 sq mi
ZIP Area
144
Density / Sq Mi
$67,946
Median Household Income
$31,847
Median Earnings
$749
Median Rent
$211,900
Median Home Value

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?
Duplex - Two leased residences provide separate entrances, shared laundry, and parking areas assigned by unit.
Where is this duplex located?
The property is located at 803 Elm Street Hancock, MI.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Duplex totals 3,040 square feet on a 0.13‑acre lot; Main unit has 1 bedroom; upper unit spans 2 levels with additional bedrooms and baths; Current leases run through May 2027
More about this property
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