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Three-Unit Triplex
For Sale
$224,900

826 River Street, Alpena, MI 49707

MultiFamily, Two Story, Alpena, MI

Property Size2,151 SF
Price / SF$104.56
Days on Market46

Property Features for 826 River Street

General Information

Property type Residential Multi Family
Property subtype Triplex
Bedrooms 4
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 1, Laundry Room, Bedroom 4, Basement, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 2, Bathroom 2
Interior features Smoke Detector, Tile Floors, Vinyl Floors
Basement Full, Block
Appliances Refrigerator, Electric Range
Subdivision Village now City
Elementary school Alpena
High school Alpena
Elementary school district Alpena
Middle school district Alpena
High school district Alpena
Directions River Street Between 10th and 11th
Standard status Active
APN 093-637-000-525-00
Size 2,151 SF

Additional Details

Individually Metered Utilities electricity

Taxes and HOA fees

Tax Description 826 RIVER ST. LOT 5 BLK 23 OF THE VILLAGE NOW CITY
Legal Description 826 RIVER ST. LOT 5 BLK 23 OF THE VILLAGE NOW CITY

Utilities

Sewer type Public Sewer
Heating system Forced Air, Natural Gas

Building Details

Floors in Building 2
Number of units 3
Building materials Paved Street, Vinyl
Architectural style Other
Listing Agency: UpNorth Property Services
Listed By: Grace M. Marshall
Added: Sep 14 Changed: Oct 27 Last Checked: Oct 29 at 2:06AM
MLS# 201842871

Copyright © 2026 Water Wonderland Board 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.

Rey
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Investment Insights

Based on property information with market context.

This 2,151-square-foot triplex contains three apartments. Two are on the main floor: one has a bedroom, and the other has two. The upstairs apartment includes additional storage at the top of the stairs. Interior finishes include tile and vinyl flooring, and the property has a laundry room and basement. Appliances include a refrigerator and electric range. Forced-air natural gas provides heat.

A new roof was installed in August 2026, and newer appliances came from Youngs Appliance. A City Rental Certification is dated 9/8/26. The property has a consistent rental history. The owner pays for water and heat; electricity is separately metered. Public sewer serves the property.

Key Highlights

  • Three apartments in a 2,151‑square‑foot building
  • Main‑floor units have one bedroom and two bedrooms, respectively
  • Upstairs apartment has additional storage at the top of the stairs

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

762
Businesses Nearby

Demographics for 49707, MI

22,243
Population
11,974
Households
1.9
Avg Household Size
48
Median Age
19%
College-Educated
94%
High-School Grad
215.4 sq mi
ZIP Area
103
Density / Sq Mi
$50,699
Median Household Income
$32,208
Median Earnings
$642
Median Rent
$134,900
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?
Triplex - The owner covers water and heat, while electricity is separately metered.
Where is this triplex located?
The property is located at 826 River Street Alpena, MI.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: Three apartments in a 2,151‑square‑foot building; Main‑floor units have one bedroom and two bedrooms, respectively; Upstairs apartment has additional storage at the top of the stairs
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