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    Ironwood, MI
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    Ironwood, MI Residential Income Properties for Sale

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    15-Unit Apartment Property with Commercial Space
    Updated: May 31
    15-Unit Apartment Property with Commercial Space

    101 N Lowell Street, Ironwood, MI 49938

    $589,000
    13,062 sqft 1.44 AC lot
    Three‑story brick apartment building with 15 units
    Adjacent two‑story mixed‑use building includes 1,200 square feet of commercial space and an upstairs two‑bedroom apartment
    1.44‑acre site with gravel parking and a detached three‑car garage
    Full basement includes laundry facilities and tenant storage
    Central hot water boiler system, separate electrical meters, and 800‑amp service
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    Four-Residence Quadplex
    Updated: Jul 10
    Four-Residence Quadplex

    5216 E Sunset Road, Ironwood, MI 49938

    $334,990
    2,432 sqft 1.73 AC lot
    Four side‑by‑side residences with four separate deeds and individual tax parcels
    Three 2‑bedroom, 1‑bath residences plus one 3‑bedroom, 1‑bath end residence
    Private full basements with laundry hookups in all four residences
    Attached 1‑car garages for three residences; detached 2‑car garage and storage shed at the larger end residence
    2,432 square feet on 1.73 acres with ample parking
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    21-Unit Apartment Portfolio with Garages
    21-Unit Apartment Portfolio with Garages

    246 Ashland Court, Ironwood, MI 49938

    $975,000
    18,934 sqft 1.73 AC lot

    A brick apartment building and three duplexes are grouped along one street, with laundry, storage, and garage rentals.

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    Four-Unit Quadplex
    Four-Unit Quadplex

    5216 E Sunset Rd, Ironwood, MI 49938

    $334,990
    2,432 sqft 1.75 AC lot

    Each residence is separately deeded and sits on its own tax parcel.

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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

    A two-level property pairs street-level commercial space with a separate one-bedroom apartment above.

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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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    Updated Two-Unit Duplex
    Updated Two-Unit Duplex

    10342 N Lake Road, Ironwood, MI 49938

    $199,900
    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 Apartment Portfolio
    21-Unit Apartment Portfolio

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

    $975,000

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

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

    421 S Suffolk Street, Ironwood, MI 49938

    $375,000
    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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    Renovated Mixed-Use Building
    Renovated Mixed-Use Building

    216 E Aurora Street, Ironwood, MI 49938

    $499,900
    7,093 sqft 0.13 AC lot

    Flexible commercial and residential configuration with renovated interiors, office suites, a loft, and an apartment.

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    Updated Duplex with Two Units
    Updated Duplex with Two Units

    10342 N Lake, Ironwood, MI 49938

    $199,900

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

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

    421 S Suffolk Street, Ironwood, MI 49938

    $375,000
    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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    Apartment Building with Six Units
    Apartment Building with Six Units

    1114 N Douglas Boulevard, Ironwood, MI 49938

    $299,000
    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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    8-Unit Apartment Building with Garages
    8-Unit Apartment Building with Garages

    421 S Suffolk, Ironwood, MI 49938

    $375,000

    Eight two-bedroom residences offer private outdoor space, storage, and dedicated garage parking.

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    Mixed-Use Storefront with Apartments
    Mixed-Use Storefront with Apartments

    122 W Aurora Street, Ironwood, MI 49938

    $113,900
    2,100 sqft 0.08 AC lot

    Street-facing display windows, rear parking, and separate upper-floor residences support a combination of commercial and residential occupancy.

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    21-Unit Multifamily Portfolio
    21-Unit Multifamily Portfolio

    246 Ashland Court, Ironwood, MI 49938

    $975,000
    1.73 AC lot

    The package combines a brick apartment building, three duplexes, and garage rentals along one street.

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    Mixed-Use Building with Garage
    Mixed-Use Building with Garage

    216 E AURORA ST, Ironwood, MI 49938

    $499,900
    0.13 AC lot

    The upper floor combines a furnished-ready nightly rental loft with a separate two-bedroom apartment occupied by a long-term renter.

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    Residential Income Property with Garages
    Residential Income Property with Garages

    1114 N Douglas Boulevard, Ironwood, MI 49938

    $299,000
    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 Potential Opportunities for your consideration. Besides 18 Active Listings in Ironwood, MI

    Ironwood, MI Residential Income Properties Market Trends and Statistics

    Explore 18 residential income properties for sale in Ironwood, MI, showcased through 18 active listings on our real estate platform. These investment opportunities span a total of 72,325 square feet of properties for sale, with an estimated market value of $7,844,480.

    Sale prices for residential investment properties in Ironwood, MI start at $113,900, averaging $435,804, and reaching up to $975,000 — 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 16
    Apartment buildings 9
    Duplexes 4
    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 $449.1K

    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)

    How Realmo verifies these figures

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    Popular Searches in Ironwood, MI

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    Most Searched ZIP Codes in Ironwood, MI

    • 49938

    Featured Ironwood Real Estate Agencies

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

    Northern Trails Realty, LLC
    1710 E Cloverland Drive Ironwood, MI 49938
    Phone: (906) 932-4110
    www.NorthernTrailsRealty.com
    The Real Estate Store Inc
    527 N Lake Street Ironwood, MI 49938
    Phone: (906) 932-5406
    www.upnorthproperty.com
    Zak's Realty Inc
    110 E Aurora St Ironwood, MI 49938
    Phone: (906) 932-2688
    www.zaksrealty.com
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