Homer, MI Residential income properties for sale

Updated: May 4

Mixed-Use Office and Residential Property

417 Washington Avenue, Iron River, MI 49935

$425,000

6,237 sqft 0.18 AC lot

Mixed‑use property: commercial space and two residential apartments.
Barrier‑free main level** suitable for various business types (medical, professional, service‑based).
Two well‑appointed apartments with appliances for rental income or owner occupancy.
On‑site parking lot for tenants, clients, and customers.
Full poured basement (2,079 sq ft) provides abundant storage.

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Updated: Apr 1

Dual-Unit Chalet Duplex with Shared Hot Tub

111 Little Deer Road, Iron River, MI 49935

$289,900

2,000 sqft 0.40 AC lot

2,000 sq ft dual‑unit chalet duplex on 0.4 acres
Just steps from Ski Brule near 111 Little Deer Road, Iron River, MI
Private deck access for both units plus a shared outdoor hot tub
Unit 1 includes a private sauna and a gas fireplace
Unit 2 has its own gas fireplace and two bedrooms

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Duplex Near Ski Mountain

104 Sleepy Hollow Way, Iron River, MI 49935

$274,900

2,053 sqft 0.50 AC lot

Two separate units feature fireplaces, decks, and flexible bedroom layouts for rental or personal use.

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COMMERCIAL - Iron River, MI

417 Washington Ave, Iron River, MI 49935

$425,000

6,237 sqft 0.18 AC lot

4,158 sq ft commercial/residential property with income potential.

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Spacious Duplex Ready for Renovation

37 Allen Street, Iron River, MI 49935

$45,000

2,875 sqft 0.34 AC lot

2,875 sq ft duplex on 0.34 acres, ready for renovation.

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Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 5 Active listings in Homer, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, 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.

COMMERCIAL - Crystal Falls, MI

229 E Lake Emily Rd, Crystal Falls, MI 49920

$519,900

2,276 sqft 1.59 AC lot

Four 2-bedroom units sit on sandy Lake Emily frontage with a permanent pier and dedicated fish cleaning facilities.

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Residential Income Home with Septic Approval

3302 GARRISON LN, Phelps, WI 54554

$379,000

3.02 AC lot

4-bedroom, 3-bath home on 3.02 acres with approval for a 6-bedroom septic system.

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Furnished Waterfront Short-Term Rental Portfolio

2560 MILLERVILLE RD, Phelps, WI 54554

$950,000

0.75 AC lot

Three condominium residences offer six bedrooms, four bathrooms, and turnkey furnishings for continued vacation rental use.

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Mobile Home Park with Expansion Sites

10.6 AC US 2 Highway, Crystal Falls, MI 49920

$499,999

5,250 sqft 10.60 AC lot

Established park with park-owned and tenant-owned homes, public utilities, and capacity for additional rentable lots.

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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.

Caspian, MI Land Parcel

W Caspian Avenue, Caspian, MI 49915

Contact for pricing

0.24 AC lot

Land parcel near trails and downtown Caspian, MI.

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Land Near ORV Trail

N Fourteenth Street lot: Block 17 Lot 1 And 2, Iron River, MI 49935

Contact for pricing

0.32 AC lot

Undeveloped land close to town and ORV trail.

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Vacant Land in Iron River

Blossom Street, Iron River, MI 49935

Contact for pricing

0.78 AC lot

Vacant 0.78 acre lot on the edge of town.

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Buildable Lots in Iron River

W Monroe Street, Iron River, MI 49935

Contact for pricing

0.47 AC lot

Five vacant lots suitable for residential construction near downtown.

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Homer, MI Residential Income Properties Market Trends and Statistics

Explore 5 residential income properties for sale in Homer, MI, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 19,402 square feet of properties for sale, with an estimated market value of $1,459,800.

Sale prices for residential income properties in Homer, MI start at $45,000, averaging $291,960, and reaching up to $425,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
49245	$290.7K

Neighborhood

Average Price

49245

$290.7K