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    Hancock, MI
    Residential Income

    Hancock, MI Residential Income Properties for Sale

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    Houghton, MI Portage, MI South Range, MI Dollar Bay, MI Chassell, MI Calumet, MI Atlantic Mine, MI Hubbell, MI
    6-Unit Apartment Building with Spa
    Updated: Jun 22
    6-Unit Apartment Building with Spa

    50561 Sixth Street, Hancock, MI 49930

    $899,000
    6,030 sqft 0.14 AC lot
    Six apartment units totaling 6,030 square feet, built in 2015
    Five units feature walk‑out balconies
    Each apartment includes a personal laundry room and enclosed parking
    Spa area with electric sauna and indoor swim‑in‑place pool with side jets
    Three apartments include leaded stained‑glass windows, custom tile work, and jetted tubs
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    Updated Duplex with Flexible Layout
    Updated: Jun 14
    Updated Duplex with Flexible Layout

    803 Elm Street, Hancock, MI 49930

    $229,900
    3,040 sqft 0.12 AC lot
    Duplex with 3,040 square feet on a 0.12‑acre lot
    Electrical system has been completely updated
    Lower unit includes 1 bedroom and enclosed front porch access
    Upper unit spans 2 levels with multiple bedrooms, sitting area, full bath, and half‑bath
    Two mini‑split air‑conditioning units serve the top floor
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    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.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Duplex with Four Parking Spaces
    Duplex with Four Parking Spaces

    319 East White Street, Hancock, MI 49930

    $189,500
    1,584 sqft

    Two leased units with owner-paid heat, electricity, water, and taxes, plus laundry equipment in the basement.

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    Two-Story Duplex with Parking
    Two-Story Duplex with Parking

    319 WHITE Street, Hancock, MI 49930

    $189,500
    1,584 sqft 0.13 AC lot

    Leased two-unit property with a basement, updated upper-level bathroom, porch, and in-place appliances.

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    Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 5 Active listings in Hancock, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, 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.

    10-Unit Apartment Building
    10-Unit Apartment Building

    42280 Willson Memorial Drive, Chassell, MI 49916

    $640,000
    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.

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    10-Unit Apartment Building
    10-Unit Apartment Building

    42280 Willson Memorial Drive, Chassell, MI 49916

    $640,000
    8,184 sqft 1.03 AC lot

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

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    6-Unit Apartment Building with Commercial Space
    6-Unit Apartment Building with Commercial Space

    137 Lake Linden Avenue, Laurium, MI 49913

    $229,900
    3,776 sqft 0.28 AC lot

    Five apartments, an additional commercial component, and on-site laundry serve residential and business-oriented occupancy needs.

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    Six-Unit Mixed-Use Property
    Six-Unit Mixed-Use Property

    137 Lake Linden Avenue, Laurium, MI 49913

    $229,900
    3,772 sqft 0.28 AC lot

    Mixed residential and commercial configuration with on-site laundry and off-street parking in Laurium.

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    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.

    Houghton Land Ready For Development
    Houghton Land Ready For Development

    TBD2 Datolite Street, Houghton, MI 49931

    $35,000
    0.28 AC lot

    Vacant land zoned R-3, ideal for residential development.

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    Houghton Land Development Opportunity
    Houghton Land Development Opportunity

    Cedar Street, Houghton, MI 49931

    $499,900
    75.95 AC lot

    75+ acres of prime land in Houghton, Michigan.

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    Wooded Building Lot Near Golf
    Wooded Building Lot Near Golf

    Greenway Drive, Portage, MI 49931

    $41,000
    1.10 AC lot

    Private, wooded 1.1-acre building lot near golf course.

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    Wooded Acre Building Lot
    Wooded Acre Building Lot

    Greenway Drive, Portage, MI 49931

    $41,000
    1.00 AC lot

    Private 1-acre building lot near MTU Golf Course.

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    Off-Market Properties in Hancock, MI

    Consider similar Off-Market properties in Hancock, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    21581 1st St
    MOBILE HOME PARK, TRAILER PARK

    21581 1st St, Hancock, MI 49930-9408

    Estimated value: by Request
    7.29 AC lot
    View details
    21575 1st St
    MOBILE HOME PARK, TRAILER PARK

    21575 1st St, Hancock, MI 49930-9408

    Estimated value: by Request
    1.02 AC lot
    View details

    Hancock, MI Residential Income Properties Market Trends and Statistics

    Explore 7 residential income properties for sale in Hancock, MI, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 15,278 square feet of properties for sale, with an estimated market value of $1,737,800.

    Sale prices for residential income properties in Hancock, MI start at $189,500, averaging $347,560, and reaching up to $899,000 — 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

    Multifamily properties 5
    Duplexes 4
    Apartment buildings 1

    Demographics Overview

    Population 7,199
    Population Growth (5Y) -1.1%
    Median Household Income $67,946
    College Educated 60.0%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49930 $347.6K

    Listings Trend

    New vs delisted commercial listings in Houghton County

    New Delisted

    Total CRE Inventory on Market (SF)

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