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    Ishpeming, MI
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    Ishpeming, MI Residential Income Properties for Sale

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    Updated Two-Unit Duplex
    Updated: Sep 14
    Updated Two-Unit Duplex

    805 N 5th Street, Ishpeming, MI 49849

    $189,900
    2,290 sqft 0.20 AC lot
    Two units with five bedrooms and three bathrooms across 2,290 square feet
    Upper apartment renovation completed from 2023–2024, including kitchen, bathroom, drywall, lighting, and flooring
    Electrical system replaced throughout the home
    Main sewer line replacement completed in December 2025
    Off‑street parking for 4 vehicles and a fenced yard
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    Duplex with Four-Season Porch
    Updated: Sep 2
    Duplex with Four-Season Porch

    493 Jasper Street, Ishpeming, MI 49849

    $214,900
    1,655 sqft 0.36 AC lot
    Two‑unit layout: lower apartment has 2 bedrooms and 1 bathroom; upper apartment has 1 bedroom and 1 bathroom
    1,655‑square‑foot duplex on a 0.36‑acre parcel
    Lower apartment renovation completed in 2023, with a new kitchen, tile bathroom, and vinyl plank floors
    Lower unit includes an all‑in‑one washer and dryer and a four‑season porch
    Upper apartment features refinished maple floors, updated kitchen and bath, and original doors and trim
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    Renovated Duplex
    Renovated Duplex

    805 N 5th Street, Ishpeming, MI 49849

    $189,900
    2,290 sqft 0.20 AC lot

    The two-unit layout includes five bedrooms and three bathrooms across separate living spaces.

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    See hot listings in Ishpeming

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
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    Local Demand available after sign in
    Duplex with Rear Deck
    Duplex with Rear Deck

    404 S 3rd, Ishpeming, MI 49849

    $180,000

    Two residential units offer practical layouts, outdoor space, basement storage, and access to schools, trails, and downtown amenities.

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    Duplex with Updated Upper Unit
    Duplex with Updated Upper Unit

    805 N 5TH STREET, Ishpeming, MI 49849

    $189,900
    2,290 sqft

    Five bedrooms and three bathrooms are distributed across a two-unit residential property.

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    2-Unit Duplex with Detached Garage
    2-Unit Duplex with Detached Garage

    326 W Barnum Street, Ishpeming, MI 49849

    $149,900
    1,716 sqft 0.11 AC lot

    Two-bedroom units, a patio, and a detached garage support practical multifamily living near downtown Ishpeming.

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

    313-315 E Pearl, Ishpeming, MI 49849

    $199,000

    The offering includes a vacant parking lot identified as 317 E Pearl.

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    Triplex with Three-Car Garage
    Triplex with Three-Car Garage

    309/311 Maple, Ishpeming, MI 49849

    $235,000

    Three-unit property with a two-story residence, basement storage, and detached garage.

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    Duplex with Separate Utilities
    Duplex with Separate Utilities

    708 Bank, Ishpeming, MI 49849

    $150,000

    Two-unit property with improvements to electrical, roofing, windows, plumbing, and mechanical systems.

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    Two-Unit Duplex with Laundry
    Two-Unit Duplex with Laundry

    129 W Superior, Ishpeming, MI 49849

    $139,900

    Well-maintained duplex offering one occupied apartment and a move-in-ready lower unit in downtown Ishpeming.

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    Two-Unit Duplex Near Downtown
    Two-Unit Duplex Near Downtown

    630 Wabash, Ishpeming, MI 49849

    $191,500

    Two residential units offer distinct layouts, including a two-bedroom main-floor apartment and a one-bedroom upper-level apartment.

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    Based on your search, we've compiled 21 Potential Opportunities for your consideration. Besides 11 Active listings in Ishpeming, 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.

    Updated Two-Unit Duplex
    Updated Two-Unit Duplex

    309 TOBIN STREET, Negaunee, MI 49866

    $260,000
    2,569 sqft

    Front and rear units provide separate living areas with shared garage access and additional off-street parking.

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    Duplex with 2-Car Garage
    Duplex with 2-Car Garage

    309 Tobin Street, Negaunee, MI 49866

    $260,000
    2,569 sqft 0.17 AC lot

    Front-and-back configuration with separate living spaces, updated electrical service, and off-street parking in Negaunee.

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    Five-Unit Apartment Building
    Five-Unit Apartment Building

    421 N Front Street, Marquette, MI 49855

    $525,000
    4,258 sqft 0.17 AC lot

    One- and two-bedroom layouts include basement storage, laundry facilities, and five off-street parking spaces.

    View details
    Updated Mixed-Use Building
    Updated Mixed-Use Building

    519 W Washington St, Marquette, MI 49855

    Contact for pricing
    3,522 sqft

    Mixed-use property with a high-visibility storefront and two residential units, plus a basement steam room and back parking.

    View details

    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.

    Wooded Land Tract
    Wooded Land Tract

    280 Acres County Road CCN, Ishpeming, MI 49849

    $224,000
    280.00 AC lot

    Woodland acreage offers seasonal access, insurable access, and multiple potential building areas.

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    Waterfront Recreation Land
    Waterfront Recreation Land

    170 Acres off CR 573 Road, Ishpeming, MI 49849

    $199,900
    170.00 AC lot

    170 acres on the Little Dead River with ridge-top views and cabin sites for rural recreation or retreat use.

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    Forested Land Near Ishpeming
    Forested Land Near Ishpeming

    200 Acres CR 573 Road, Ishpeming, MI 49849

    $160,000
    200.00 AC lot

    200 acres of forested land, great access, close to town.

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    Recreational Land Near Gold Mine Lake
    Recreational Land Near Gold Mine Lake

    Gold Mine Lake Road, Ishpeming, MI 49849

    $394,500
    129.00 AC lot

    130-acre recreational and residential investment opportunity near Marquette.

    View details

    Off-Market Properties in Ishpeming, MI

    Consider similar Off-Market properties in Ishpeming, 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.

    Ishpeming, MI Residential Income Properties Market Trends and Statistics

    Explore 13 residential income properties for sale in Ishpeming, MI, showcased through 11 active listings on our real estate platform. These investment opportunities span a total of 10,241 square feet of properties for sale, with an estimated market value of $2,029,900.

    Sale prices for residential income properties in Ishpeming, MI start at $139,900, averaging $184,536, and reaching up to $235,000 — 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 11
    Duplexes 9
    Short term rental properties 1
    Triplexes 1

    Demographics Overview

    Population 12K
    Population Growth (5Y) -2.1%
    Median Household Income $63,425
    College Educated 16.6%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49849 $184.5K

    Taxes & Financing

    Tax Rate (average for all types) 4.96%
    Property Tax per SF $69.47 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Marquette County

    New Delisted

    Total CRE Inventory on Market (SF)

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