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    Ironwood, MI
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    Ironwood, MI Residential Income Properties for Sale

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    Historic Apartment Building With Mixed-Use Annex
    Updated: May 31
    Historic Apartment Building With Mixed-Use Annex

    101 N Lowell Street, Ironwood, MI 49938

    $599,000
    13,062 sqft 1.44 AC lot
    15 apartment units with a mix of studios, one-, two-, and three‑bedroom layouts
    Adjacent mixed‑use building with a 1,200‑square‑foot commercial space and 2‑bedroom apartment
    1.44‑acre property with a large gravel parking lot and detached 3‑car garage
    Three‑story brick apartment building constructed in 1920
    Full basement includes laundry room, tenant storage closets, and additional rooms
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    Renovated Mixed-Use Building
    Updated: Jun 3
    Renovated Mixed-Use Building

    216 E Aurora Street, Ironwood, MI 49938

    $509,900
    7,093 sqft 0.13 AC lot
    7,093‑square‑foot mixed‑use building constructed in 1900
    Main level offers over 4,200 square feet with multiple office areas
    Renovated loft includes 3 bedrooms, 1.5 bathrooms, laundry, kitchen, and patio access
    Second‑level 2BD, 1 BA apartment has a long‑term renter
    Underground climate‑controlled garage holds up to 8 vehicles
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    Multifamily Apartment Portfolio
    Multifamily Apartment Portfolio

    246 Ashland Court, Ironwood, MI 49938

    $1,092,250
    18,934 sqft 1.73 AC lot

    Portfolio combines a brick apartment building with three duplexes and garage parking.

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    See what stands out in Gogebic County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

    Cap Rate available after sign in
    NOI available after sign in
    Local Demand available after sign in
    21-Unit Apartment Portfolio
    21-Unit Apartment Portfolio

    246 Ashland #242, 247, 249, 302 & 304 Ashland Court, Ironwood, MI 49938

    $1,092,250

    Mixed apartment and duplex property with garages, laundry facilities, storage, and several private outdoor spaces.

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    Quadplex with Private Garages
    Quadplex with Private Garages

    5216 E Sunset Road, Ironwood, MI 49938

    $334,990
    2,432 sqft 1.73 AC lot

    Four separately deeded residences offer distinct parking, basement, and utility features within one multifamily property.

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    8-Unit Apartment Building with Garages
    8-Unit Apartment Building with Garages

    421 S Suffolk Street, Ironwood, MI 49938

    $424,150
    7,182 sqft 1.44 AC lot

    Bi-level property offers private outdoor space, storage, laundry, and assigned garage parking for every residence.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    8-Unit Apartment Building with Garages
    8-Unit Apartment Building with Garages

    421 S Suffolk Street, Ironwood, MI 49938

    $424,150
    7,160 sqft 1.44 AC lot

    Split-level multifamily property with private outdoor spaces, individual storage, and on-site laundry facilities.

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    Updated Duplex with Two Units
    Updated Duplex with Two Units

    10342 N Lake, Ironwood, MI 49938

    $210,000

    Two separate residences offer kitchens, living areas, bedrooms, and baths for rental or owner occupancy.

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    Mixed-Use Building with Apartment
    Mixed-Use Building with Apartment

    126 E Aurora Street, Ironwood, MI 49938

    $225,000
    2,068 sqft 0.06 AC lot

    Two-level property combines commercial space with a one-bedroom residential unit.

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    Historic Short-Term Rental Property
    Historic Short-Term Rental Property

    400 Silver Street, Ironwood, MI 49938

    $199,000
    2,862 sqft 0.15 AC lot

    Commercially zoned property with multiple bedrooms, kitchens, and living areas.

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    Apartment Building with Six Units
    Apartment Building with Six Units

    1114 N Douglas Boulevard, Ironwood, MI 49938

    $339,150
    4,960 sqft 0.76 AC lot

    Six-unit apartment building with garages and coin-operated laundry facilities plus a single-family rental home.

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    Updated Two-Unit Duplex
    Updated Two-Unit Duplex

    10342 N Lake Road, Ironwood, MI 49938

    $210,000
    2,040 sqft 0.99 AC lot

    Up-and-down configuration offers two independent living areas with kitchens, bedrooms, bathrooms, and a shared laundry room.

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    21-Unit Multifamily Portfolio
    21-Unit Multifamily Portfolio

    246 Ashland Court, Ironwood, MI 49938

    $1,092,250
    1.73 AC lot

    Commercial-zoned rental portfolio with varied apartment layouts, garage rentals, and shared resident amenities.

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    Renovated Mixed-Use Building with Loft
    Renovated Mixed-Use Building with Loft

    216 AURORA ST E, Ironwood, MI 49938

    $509,900
    0.13 AC lot

    Flexible commercial property with renovated office areas, a separate residential level, and climate-controlled garage space.

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    Two-Story Duplex with Full Basement
    Two-Story Duplex with Full Basement

    208 Greenbush Street, Ironwood, MI 49938

    $78,900
    1,434 sqft 0.14 AC lot

    Two residential units feature matching layouts, enclosed porches, laundry areas, and a shared rear yard with additional parking.

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    Residential Income Property with Garages
    Residential Income Property with Garages

    1114 N Douglas Boulevard, Ironwood, MI 49938

    $339,150
    0.76 AC lot

    Seven rental units include a six-unit apartment building and a single-family home, plus four garage units and on-site parking.

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    Based on your search, we've compiled 24 Potential Opportunities for your consideration. Besides 16 Active listings in Ironwood, 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.

    Two-Story Quadplex
    Two-Story Quadplex

    10740 N Cannonball Court, Bessemer, MI 49911

    $209,000
    2,592 sqft 0.96 AC lot

    Rental property with updated interiors, shared laundry, and a full basement.

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    Two-Unit Duplex with Patio
    Two-Unit Duplex with Patio

    305 5th Ave S, Hurley, WI 54534

    $139,900
    1,689 sqft 0.17 AC lot

    Two separate residences combine flexible occupancy with updated exterior elements and off-street driveway parking.

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    Two-Unit Duplex with Updated Systems
    Two-Unit Duplex with Updated Systems

    305 S 5th Ave, Hurley, WI 54534

    $139,900
    1,689 sqft

    Two separate units offer flexible occupancy, with one furnished residence and a second unit ready for customization.

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    Resort Lodge with Pond
    Resort Lodge with Pond

    5964 E US 2 Highway, Bessemer, MI 49938

    $549,000
    7,294 sqft 11.00 AC lot

    Full log resort lodge on a pond with Commercial zoning, public water, forced-air oil heat, and central air.

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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.

    Lake Superior Waterfront Land
    Lake Superior Waterfront Land

    17 AC ON LAKE RD, Ironwood, MI 49938

    $300,000
    17.00 AC lot

    Level lakefront acreage with natural surroundings, driveway access, and expansive Lake Superior views.

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    Secluded 5-Acre Lot in Bessemer
    Secluded 5-Acre Lot in Bessemer

    On Chaney Lake Road, Bessemer, MI 49911

    Contact for pricing
    5.13 AC lot

    5-acre lot perfect for building near Northern Wisconsin and Michigan.

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    Waterfront Land With Cabin
    Waterfront Land With Cabin

    Chaney Lake Road, Bessemer, MI 49911

    $83,900
    6.50 AC lot

    Insulated one-room cabin with gas lighting and a nearby power pole.

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    Wooded Land with Creek Frontage
    Wooded Land with Creek Frontage

    4074W WEBER RD, Mercer, WI 54547

    $74,500
    7.70 AC lot

    7.7-acre parcel with creek, utilities, and trail access.

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    Ironwood, MI Residential Income Properties Market Trends and Statistics

    Explore 16 residential income properties for sale in Ironwood, MI, showcased through 16 active listings on our real estate platform. These investment opportunities span a total of 69,227 square feet of properties for sale, with an estimated market value of $7,680,040.

    Sale prices for residential income properties in Ironwood, MI start at $78,900, averaging $480,002, and reaching up to $1,092,250 — 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 15
    Apartment buildings 8
    Duplexes 5
    Short term rental properties 3
    Single family properties 3

    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 $452.1K

    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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