Iron River, MI Residential income properties for sale

Updated: May 4

Mixed-Use Building with Two Apartments

417 Washington Avenue, Iron River, MI 49935

$379,000

6,237 sqft 0.18 AC lot

Two upper‑level apartments: one with 2 bedrooms and 1 bath, the other with 1 bedroom and 1 bath
Main floor includes 3 examination rooms, private offices, reception and waiting areas
Full poured basement with 2,079 square feet of storage
0.18‑acre site with an on‑site parking lot
Built in 1996; forced‑air heating and central air conditioning

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Updated: Apr 1

Duplex Near Ski Access

104 Sleepy Hollow Way, Iron River, MI 49935

$259,900

2,053 sqft 0.50 AC lot

2,053‑square‑foot duplex on a 0.5‑acre parcel
Two‑bedroom, one‑bath unit with gas fireplace and open living areas
Four‑bedroom, one‑bath unit with two first‑floor bedrooms and two upstairs bedrooms
Located next to Ski Brule
Private deck for each unit plus shared outdoor hot tub

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Duplex with Private Sauna

111 Little Deer Road, Iron River, MI 49935

$274,900

2,000 sqft 0.40 AC lot

Dual-unit chalet with decks, fireplaces, multiple bedrooms, and a shared outdoor hot tub near Ski Brule.

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COMMERCIAL - Iron River, MI

417 Washington Ave, Iron River, MI 49935

$379,000

6,237 sqft 0.18 AC lot

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

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Two-Unit Duplex with Garage

528 W Genesee Street, Iron River, MI 49935

$110,000

1,278 sqft 0.25 AC lot

Separate entrances serve one- and two-bedroom residences, with hardwood flooring and a porch.

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Renovation-Ready Duplex Property

37 Allen Street, Iron River, MI 49935

$45,000

2,875 sqft 0.34 AC lot

Two-story structure with a stripped interior, basement, and flexible residential reconfiguration potential.

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Renovated Duplex with Detached Garage

112 Little Deer Road, Iron River, MI 49935

$369,900

2,373 sqft

Two residential units combine updated interiors with private outdoor amenities and supplemental storage capacity.

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7 active listings match your search: Residential Income for sale in Iron River, MI. Based on your search, we've also compiled 8 Potential Opportunities for your consideration: 4 properties in nearby cities and 4 land listings with development potential.

Opportunities in Nearby Cities

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

Lakefront Resort with Cabins

229 E Lake Emily Road, Crystal Falls, MI 49920

$519,900

2,276 sqft 1.59 AC lot

Four two-bedroom accommodations offer open living and kitchen areas beside Lake Emily in a commercial-zoned setting.

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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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Four-Bedroom Short-Term Rental Home

3302 GARRISON LN, Phelps, WI 54554

$299,000

3.02 AC lot

Vacation rental home with three baths and septic approval for six bedrooms.

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Furnished Waterfront Rental Portfolio

2560 MILLERVILLE RD, Phelps, WI 54554

$849,000

0.75 AC lot

Three furnished condominium homes offer shared lake access, private tax parcels, and flexible short-term rental or retreat use.

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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.

Land Near ORV Trail

N 14th Avenue, Iron River, MI 49935

Contact for pricing

0.32 AC lot

Undeveloped land close to town and ORV trail.

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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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Vacant Land in Ski Village

Little Deer Road lot: 64, Iron River, MI 49935

Contact for pricing

0.40 AC lot

Corner lot near ski resort and lakes, ideal for recreation.

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Brule River Waterfront Land

River Country Road lot: 30, Iron River, MI 49935

$104,900

5.59 AC lot

5+ acre waterfront parcel on the Brule River.

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Iron River, MI Residential Income Properties Market Trends and Statistics

Explore 7 residential income properties for sale in Iron River, MI, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 23,053 square feet of properties for sale, with an estimated market value of $1,817,700.

Sale prices for residential investment properties in Iron River, MI start at $45,000, averaging $259,671, and reaching up to $379,000 — 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
49935	$245.3K

Neighborhood

Average Price

49935

$245.3K

Featured Iron River Real Estate Agencies

Realmo connects you with licensed Iron River CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

KELLER WILLIAMS CLASSIC REALTY NM

107 N Fourth Avenue Iron River, MI

Phone: (763) 463-7500

U.P Riverland Realty

330 W Adams St Iron River, MI 49935

Phone: (906) 265-9921