541 Spring St Marquette, MI 49855
This exceptional investment opportunity presents a fully rented duplex located at 541 W Spring St, Marquette, MI 49855. The property, classified as a Class C multifamily building, boasts a total of 1,656 square feet and comprises two separate apartment units. The upper unit features two bedrooms and one bathroom, while the lower unit offers two bedrooms and two bathrooms. This desirable location places the property in close proximity to Marquette's downtown area and the local hospital, ensuring high occupancy rates and strong rental demand. The asking price for this turnkey investment is $240,000. Showings are available Wednesdays through Fridays, between 3:30 PM and 8:00 PM. Note that an adjacent duplex is also available for purchase (MLS#50150811). This property represents a compelling addition to any investment portfolio, offering immediate cash flow and significant long-term potential in a thriving Michigan community. The property's convenient location and well-maintained condition make it an attractive option for both seasoned investors and those new to the market. Serious inquiries are encouraged to schedule a viewing and explore this lucrative investment opportunity further.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.