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Property profile & analytics
OFF-MARKET
Commercial real estate

219 Arch St Marquette, MI 49855

1,760 SF
Property ID
US43-2241654
Property summary
AI-generated overview

This meticulously maintained three-unit apartment building, located at 219 E Arch St in Marquette, Michigan, presents a compelling investment opportunity. The property boasts a desirable East Side location, just blocks from Lower Harbor Park and Lake Superior. The building comprises three units: two one-bedroom, one-bathroom apartments and one two-bedroom, one-bathroom apartment. All units are currently rented, exhibiting an excellent rental history, providing immediate cash flow. Significant recent upgrades enhance the property's value and appeal. These include a new boiler heating system and roof (2022), new vinyl siding and windows (2023), and new flooring in two units (2022). Each unit offers individual storage, and a shared coin-operated laundry is conveniently located in the spacious basement. The basement also provides ample additional storage space. A large backyard complements the property, offering tenants outdoor space. With a total square footage of 1,760, this Class B multifamily property is priced at $385,000 and represents a solid investment in a highly sought-after Marquette neighborhood. The combination of strong rental income, recent renovations, and prime location makes this an exceptional opportunity for discerning investors. The property's zip code is 49855.

Property profile
Verified
Property type Commercial real estate
Total area 1,760 SF
UPID US43-2241654
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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