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    Ishpeming, MI
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    Ishpeming, MI Multifamily Properties for Sale

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    Negaunee, MI Palmer, MI Champion, MI
    Duplex with Two 2BR Units
    Updated: Jun 12
    Duplex with Two 2BR Units

    404 S 3rd Street, Ishpeming, MI 49849

    $174,900
    1,782 sqft · 0.08 AC lot
    South Ishpeming duplex with two 2‑bedroom, 1‑bath units
    Covered front porch plus rear deck for outdoor entertaining
    Full basement with laundry hookups and ample storage for the lower unit
    Dedicated concrete parking pad with city‑plowed alley access
    Appliances include washer, dryer, range/oven, and refrigerator
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    This listing looks promising.

    Here's a quick look at some key insights for

    404 S 3rd Street, Ishpeming, MI 49849

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    • Est. Cap Rate

      6.4%
      Above avg (5.9%)

    • Est. NOI

      $11K
      Annual

    • Price @ 7% Cap

      $159K
      Suggested

    • Property Type

      Single Family Residence
      Built 1898
    View Property Analytics
    Downtown Ishpeming Mixed-Use Investment
    Updated: Jan 26
    Downtown Ishpeming Mixed-Use Investment

    200 E Division St, Ishpeming, MI 49849

    $499,900
    9,486 sqft
    High‑efficiency boiler and rooftop solar panels provide significant energy savings, covering over half of the building's electricity needs.
    Fully occupied commercial storefronts (Rare Earth Goods, Apiary Life Studio, Bats Amore Used Books) provide immediate rental income.
    Four spacious, currently occupied, 1‑bedroom, 1‑bathroom rental units offer steady residential income.
    Downtown Ishpeming location offers high visibility and accessibility for both commercial and residential tenants.
    Remodel potential exists to convert two "dorm style" spaces into a fifth, larger apartment unit.
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    Established Restaurant with Income Potential
    Established Restaurant with Income Potential

    220 S Main, Ishpeming, MI 49849

    $399,900
    6,160 sqft

    Restaurant with apartments and retail space for sale.

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    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 3 Active listings in Ishpeming, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Negaunee Duplex: Investment or Owner-Occupied
    Negaunee Duplex: Investment or Owner-Occupied

    315 Tobin Street, Negaunee, MI 49866

    $239,900
    2,078 sqft · 0.14 AC lot

    Spacious duplex near downtown Negaunee with recent updates.

    View details
    Marquette 5-Plex Income Opportunity
    Marquette 5-Plex Income Opportunity

    421 N Front Street, Marquette, MI 49855

    $525,000
    4,258 sqft · 0.17 AC lot

    Five-unit apartment building near downtown Marquette.

    View details
    Turnkey Restaurant & Rental Income
    Turnkey Restaurant & Rental Income

    305 Iron Street, Negaunee, MI 49866

    $750,000
    5,356 sqft

    Established restaurant and bar with five rental units in Negaunee.

    View details
    Updated Office and Apartment Buildings
    Updated Office and Apartment Buildings

    321 N Front St, Marquette, MI 49855

    $420,000
    6,048 sqft

    Multi-suite office and four apartment units in Marquette.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Menominee City Building Lot
    Menominee City Building Lot

    605 46th Avenue, Menominee, MI 49858

    Contact for pricing
    0.21 AC lot

    Building lot near Henes Park, ready for construction.

    View details
    High-Elevation View Farmland Parcel
    High-Elevation View Farmland Parcel

    Parcel C E Duck Lake Road, Suttons Bay, MI 49682

    $2,950,000
    74.20 AC lot

    74-acre ridge-top farmland suited for residential development with expansive multi-directional water and sunset views.

    View details
    Traverse City Land with Utilities
    Traverse City Land with Utilities

    4866 Luanne Lane, Traverse City, MI 49685

    $59,000
    0.52 AC lot

    Half-acre lot with well, septic, gas, and electric hookup.

    View details
    Tippy Dam Lodge Retreat
    Tippy Dam Lodge Retreat

    1306 N Tippy Dam Road, Wellston, MI 49689

    $999,900
    22.24 AC lot

    Unique lodge in Manistee National Forest with multiple buildings.

    View details

    Ishpeming, MI Multifamily Properties Market Trends and Statistics

    Explore 3 multifamily properties for sale in Ishpeming, MI, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 17,428 square feet of properties for sale, with an estimated market value of $1,074,700.

    Sale prices for multifamily properties in Ishpeming, MI start at $174,900, averaging $358,233, and reaching up to $499,900 — 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 2
    Duplexes 1

    Demographics Overview

    Population 12K
    Population Growth (5Y) -2.1%
    Median Household Income $63,425
    College Educated 16.6%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49849 $358.2K

    Taxes & Financing

    Tax Rate (average for all types) 4.96%
    Property Tax per SF $69.47 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Marquette County

    New Delisted

    Total CRE Inventory on Market (SF)

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