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    Ontonagon, MI
    Multifamily

    Ontonagon, MI Multifamily Properties for Sale

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    Rockland, MI Greenland, MI Ewen, MI White Pine, MI Mass City, MI
    4-Unit Commercial Rental Building
    Updated: Jul 28
    4-Unit Commercial Rental Building

    122 GREENLAND RD, Ontonagon, MI 49953

    $159,900
    2,400 sqft 0.59 AC lot
    2,400‑square‑foot building configured as four commercial rental units
    Fully occupied four‑unit property
    Built in 1991 by the owners
    Situated on a 0.59‑acre lot
    Large parking area with in‑and‑out vehicle circulation
    View details
    Short-Term Rental with Heated Workshop
    Updated: Oct 1, 2024
    Short-Term Rental with Heated Workshop

    111 S Steel Street, Ontonagon, MI 49953

    $325,000
    4,000 sqft 0.27 AC lot
    Over 4,000 square feet of living space; sleeps up to 10
    Heated repair, storage, and cleaning area
    Additional 16x40 garage
    Parking on site for vehicles and trailers
    One block from trail systems
    View details
    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    2 active listings match your search: Multifamily for sale in Ontonagon, MI. Based on your search, we've also compiled 4 Potential Opportunities for your consideration: 4 properties in nearby cities.

    Opportunities in Nearby Cities

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

    10-Unit Apartment Building
    10-Unit Apartment Building

    42280 Willson Memorial Drive, Chassell, MI 49916

    $610,000
    8,184 sqft 1.03 AC lot

    Renovated multifamily property offering studio, one-bedroom, and two-bedroom residences with tenant-controlled HVAC and coin laundry.

    View details
    10-Unit Apartment Building
    10-Unit Apartment Building

    42280 Willson Memorial Drive, Chassell, MI 49916

    $610,000
    8,184 sqft 1.03 AC lot

    Multifamily property with mixed unit sizes, updated interiors, tenant-controlled HVAC, coin laundry, and extensive parking.

    View details
    Updated Duplex with Flexible Layout
    Updated Duplex with Flexible Layout

    803 Elm Street, Hancock, MI 49930

    $229,900
    3,040 sqft 0.12 AC lot

    Two residential units offer separate entrances, shared laundry, porch space, and access to parking from the side and alley.

    View details
    Updated Duplex Near Downtown
    Updated Duplex Near Downtown

    803 Elm Street, Hancock, MI 49930

    $229,900
    3,040 sqft 0.13 AC lot

    Two leased residences provide separate entrances, shared laundry, and parking areas assigned by unit.

    View details

    Ontonagon, MI Multifamily Properties Market Trends and Statistics

    Explore 2 multifamily properties for sale in Ontonagon, MI on our real estate platform. These investment opportunities span a total of 6,400 square feet of properties for sale, with an estimated market value of $484,900.

    Sale prices for multifamily properties in Ontonagon, MI start at $159,900, averaging $242,450, and reaching up to $325,000 — 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

    Quadplexes 1
    Short term rental properties 1

    Demographics Overview

    Population 2,261
    Population Growth (5Y) -10.2%
    Median Household Income $55,647
    College Educated 25.0%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49953 $242.5K

    Taxes & Financing

    Tax Rate (average for all types) 4.14%
    Tax Rate vs County Average 0.14 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Ontonagon County

    New Delisted

    Total CRE Inventory on Market (SF)

    How Realmo verifies these figures

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    Popular Searches in Ontonagon, MI

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    Most Searched ZIP Codes in Ontonagon, MI

    • 49953

    Featured Ontonagon Real Estate Agencies

    Realmo connects you with licensed Ontonagon CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    DOMITROVICH REALTY, INC
    234 RIVER ST., PO Box 127 Ontonagon, MI
    Phone: (906) 884-2801
    WWW.DOMITROVICHREALTY.COM
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