Sold for $159,500

$159,500

114-116 Ridge, Negaunee, MI 49866

6beds

2,748sqft

Multi Family

Built in 1912

-- sqft lot

$200,500 Zestimate^®

$58/sqft

$1,359 Estimated rent

Home value

$200,500

$174,000 - $231,000

$1,359/mo

Zestimate^® history

Owner options

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$1,359/mo

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$1,359/mo

Rent Zestimate^®

Refinance and save

$1,068/mo

Est. payment

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$1,068/mo

Est. payment

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What's special

Negaunee duplex not with 3 bedroom 1 bath apartments. current rents are $1050 and $1075 on annual leases. Tenants pay all utilities. 8% cap rate based on 2022 expenses and rental income at 95% occupancy.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 2
Full bathrooms: 2

Heating

Boiler

Appliances

Included: Gas Water Heater

Features

Has fireplace: No

Interior area

Total structure area: 2,748
Total interior livable area: 2,748 sqft

Property

Features

Levels: Two
Waterfront features: None

Lot

Size: 6,534 Square Feet

Details

Zoning description: Residential

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Condition

Year built: 1912

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: MI, none

Location

Region: Negaunee

Financial & listing details

Price per square foot: $58/sqft
Annual tax amount: $3,912
Date on market: 12/23/2025
Cumulative days on market: 41 days
Listing terms: Conventional
Ownership: LLC
Road surface type: Paved

Price history

Date	Event	Price
10/6/2023	Sold	$159,500-5.6%$58/sqft
Source: eXp Realty #111875320 Report a problem
7/10/2023	Pending sale	$169,000$61/sqft
Source: Upper Peninsula AOR #50110635 Report a problem
5/31/2023	Listed for sale	$169,000+22.5%$61/sqft
Source: Upper Peninsula AOR #50110635 Report a problem
4/3/2020	Sold	$137,950-8%$50/sqft
Source: Agent Provided Report a problem
3/5/2020	Pending sale	$149,900$55/sqft
Source: Coldwell Banker Schmidt, Realtors #1119680 Report a problem
3/4/2020	Listed for sale	$149,900+66.6%$55/sqft
Source: COLDWELL BANKER SCHMIDT REALTORS #1119680 Report a problem
5/9/2018	Sold	$90,000$33/sqft
Source: Agent Provided Report a problem