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    Ironwood, MI
    Quadplex

    Ironwood, MI Quadplexes for Sale

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    Hurley, WI Bessemer, MI Gile, WI Wakefield, MI Mercer, WI Winchester, WI Mellen, WI Marenisco, MI
    Quadplex with Private Garages
    Updated: Jul 10
    Quadplex with Private Garages

    5216 E Sunset Road, Ironwood, MI 49938

    $334,990
    2,432 sqft 1.73 AC lot
    Four residences, each separately deeded on its own tax parcel
    2,432 square feet across three 2‑bedroom units and one 3‑bedroom end unit
    Three units include a one‑car garage; the end unit has a detached 2‑car garage
    Private basements and laundry hookups in all four residences
    Located within driving distance of Big Powderhorn Mountain, Blackjack Mountain, and Indianhead Mountain
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    This listing looks promising.

    Here's a quick look at some key insights for

    5216 E Sunset Road, Ironwood, MI 49938

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    • Est. Cap Rate

      2.9%
      NOI ÷ price

    • Est. NOI

      $10K
      Annual

    • Price @ 7% Cap

      $138K
      Suggested

    • Property Type

      Single Family Residence
      Built 1937
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    Four-Unit Property with Garages
    Updated: Jul 10
    Four-Unit Property with Garages

    5216 E Sunset, Ironwood, MI 49938

    $334,990
    Approximately 1.75 acres with four side‑by‑side residences
    Each residence is separately deeded and located on its own tax parcel
    Three 2‑bedroom, 1‑bath residences include private basements, laundry hookups, one‑car garages, and dedicated driveways
    3‑bedroom, 1‑bath end residence has a detached 2‑car garage and storage shed
    1937 construction with block walls, vinyl windows, updated flooring, and a newer roof
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    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Ironwood, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Four-Unit Multifamily Property
    Four-Unit Multifamily Property

    1428 4TH AVE S, Park Falls, WI 54552

    $244,900
    1.00 AC lot

    Distinct unit layouts include remodeled interiors, separate electric service, and basement coin-operated laundry.

    View details
    Multifamily Property with Multiple Buildings
    Multifamily Property with Multiple Buildings

    914 4TH AVE S, Park Falls, WI 54552

    $349,900
    1.02 AC lot

    Multi-building property combines furnished apartments, studio lodging units, cabins, and a separate home on a 1.018-acre site.

    View details
    Four-Unit Quadplex with Renovations
    Four-Unit Quadplex with Renovations

    9506 CORY LN, Minocqua, WI 54548

    $344,900
    0.33 AC lot

    Two-level property offers matching two-bedroom units, basement storage, and coin-operated laundry.

    View details
    Four-Unit Quadplex with Mixed Layouts
    Four-Unit Quadplex with Mixed Layouts

    9503 CORY LN, Minocqua, WI 54548

    $274,900
    0.37 AC lot

    Residential income property with varied floorplans, public utilities, paved parking, and tenant occupancy.

    View details

    Ironwood, MI Quadplexes Market Trends and Statistics

    Explore 2 quadplexes for sale in Ironwood, MI on our real estate platform. These investment opportunities span a total of 2,432 square feet of properties for sale, with an estimated market value of $669,980.

    Sale prices for four-unit buildings in Ironwood, MI average $334,990 — 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 8
    Duplexes 5
    Short term rental properties 4
    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 $335K

    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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