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    Ironwood, MI Multifamily Properties for Sale

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    Historic Apartment Building With Mixed-Use Annex
    Updated: May 31
    Historic Apartment Building With Mixed-Use Annex

    101 N Lowell Street, Ironwood, MI 49938

    $599,000
    13,062 sqft 1.44 AC lot
    15 apartment units with a mix of studios, one-, two-, and three‑bedroom layouts
    Adjacent mixed‑use building with a 1,200‑square‑foot commercial space and 2‑bedroom apartment
    1.44‑acre property with a large gravel parking lot and detached 3‑car garage
    Three‑story brick apartment building constructed in 1920
    Full basement includes laundry room, tenant storage closets, and additional rooms
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    Multifamily Apartment Portfolio
    Updated: Jun 2
    Multifamily Apartment Portfolio

    246 Ashland Court, Ironwood, MI 49938

    $1,092,250
    18,934 sqft 1.73 AC lot
    21 rental units and 24 garages across a 1.73‑acre portfolio
    18,934 square feet of multifamily improvements built in 1975
    15‑unit brick apartment building with twelve 2‑bedroom and three 1‑bedroom units
    Three duplexes include side‑by‑side and upper/lower configurations
    Coin‑operated laundry, storage units, common bathroom, and private balconies
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    Four-Residence Quadplex
    Four-Residence Quadplex

    5216 E Sunset Road, Ironwood, MI 49938

    $334,990
    2,432 sqft 1.73 AC lot

    Four separately deeded residences offer flexible ownership and leasing arrangements on a shared property.

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    Four-Unit Quadplex
    Four-Unit Quadplex

    5216 E Sunset Rd, Ironwood, MI 49938

    $334,990
    2,432 sqft 1.75 AC lot

    Each residence is separately deeded and sits on its own tax parcel.

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    8-Unit Apartment Building with Garages
    8-Unit Apartment Building with Garages

    421 S Suffolk Street, Ironwood, MI 49938

    $424,150
    7,182 sqft 1.44 AC lot

    Bi-level property offers private outdoor space, storage, laundry, and assigned garage parking for every residence.

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    Renovated Mixed-Use Building
    Renovated Mixed-Use Building

    216 E Aurora Street, Ironwood, MI 49938

    $499,900
    7,093 sqft 0.13 AC lot

    Flexible commercial and residential configuration with renovated interiors, office suites, a loft, and an apartment.

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    8-Unit Apartment Building with Garages
    8-Unit Apartment Building with Garages

    421 S Suffolk Street, Ironwood, MI 49938

    $424,150
    7,160 sqft 1.44 AC lot

    Split-level multifamily property with private outdoor spaces, individual storage, and on-site laundry facilities.

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    21-Unit Apartment Portfolio
    21-Unit Apartment Portfolio

    246 Ashland #242, 247, 249, 302 & 304 Ashland Court, Ironwood, MI 49938

    $1,092,250

    Mixed apartment and duplex property with garages, laundry facilities, storage, and several private outdoor spaces.

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    Historic Short-Term Rental Property
    Historic Short-Term Rental Property

    400 Silver Street, Ironwood, MI 49938

    $199,000
    2,862 sqft 0.15 AC lot

    Commercially zoned property with multiple bedrooms, kitchens, and living areas.

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    Apartment Building with Six Units
    Apartment Building with Six Units

    1114 N Douglas Boulevard, Ironwood, MI 49938

    $339,150
    4,960 sqft 0.76 AC lot

    Six-unit apartment building with garages and coin-operated laundry facilities plus a single-family rental home.

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    8-Unit Apartment Building with Garages
    8-Unit Apartment Building with Garages

    421 S Suffolk, Ironwood, MI 49938

    $424,150

    Eight two-bedroom residences offer private outdoor space, storage, and dedicated garage parking.

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    Updated Two-Unit Duplex
    Updated Two-Unit Duplex

    10342 N Lake Road, Ironwood, MI 49938

    $210,000
    2,040 sqft 0.99 AC lot

    Up-and-down configuration offers two independent living areas with kitchens, bedrooms, bathrooms, and a shared laundry room.

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    21-Unit Multifamily Portfolio
    21-Unit Multifamily Portfolio

    246 Ashland Court, Ironwood, MI 49938

    $1,092,250
    1.73 AC lot

    Commercial-zoned rental portfolio with varied apartment layouts, garage rentals, and shared resident amenities.

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    Updated Duplex with Two Units
    Updated Duplex with Two Units

    10342 N Lake, Ironwood, MI 49938

    $210,000

    Two separate residences offer kitchens, living areas, bedrooms, and baths for rental or owner occupancy.

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    Renovated Mixed-Use Building with Loft
    Renovated Mixed-Use Building with Loft

    216 AURORA ST E, Ironwood, MI 49938

    $499,900
    0.13 AC lot

    Flexible commercial property with renovated office areas, a separate residential level, and climate-controlled garage space.

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    Residential Income Property with Garages
    Residential Income Property with Garages

    1114 N Douglas Boulevard, Ironwood, MI 49938

    $339,150
    0.76 AC lot

    Seven rental units include a six-unit apartment building and a single-family home, plus four garage units and on-site parking.

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    Two-Story Duplex with Full Basement
    Two-Story Duplex with Full Basement

    208 Greenbush Street, Ironwood, MI 49938

    $78,900
    1,434 sqft 0.14 AC lot

    Two residential units feature matching layouts, enclosed porches, laundry areas, and a shared rear yard with additional parking.

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    Based on your search, we've compiled Potential Opportunities for your consideration. Besides 17 Active Listings in Ironwood, MI

    Ironwood, MI Multifamily Properties Market Trends and Statistics

    Explore 17 multifamily properties for sale in Ironwood, MI, showcased through 17 active listings on our real estate platform. These investment opportunities span a total of 69,591 square feet of properties for sale, with an estimated market value of $8,194,180.

    Sale prices for multifamily properties in Ironwood, MI start at $78,900, averaging $482,010, and reaching up to $1,092,250 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 9
    Duplexes 5
    Short term rental properties 3
    Quadplexes 2

    Demographics Overview

    Population 7,424
    Population Growth (5Y) -1.2%
    Median Household Income $44,379
    College Educated 32.5%

    High-Yield Neighborhoods for Investment

    Identify Ironwood submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49938 $482K

    Taxes & Financing

    Tax Rate (average for all types) 5.37%
    Property Tax per SF $85.36 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Gogebic County

    New Delisted

    Total CRE Inventory on Market (SF)

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