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  • $419,000

    500 Harlow St, Marquette, MI 49855

    8beds
    2,540sqft
    Multi Family
    Built in 1975
    -- sqft lot
    $419,200 Zestimate®
    $165/sqft
    $1,601 Estimated rent

    What's special

    PRICE IMPROVEMENT Rare Find! Newly renovated 4 plex located in north Marquette. Feature (2) - 2 bedroom units, (1) - 3 bedroom unit, and (1) - 1 bedroom unit. All units have been updated within the last 2-3 years extensively. All new windows in 2024/2025. New water heaters in last few years also. All units have leases until May 2026. Total monthly income from rents: $5,090.00. Owner pays water/sewer/garbage, community wifi, lawn care/snow removal. Tenants pay electric. Large paved parking lot with ample parking for tenants and guests with room for trailers, boats, etc. Low maintenance property as all units have been updated on interior and windows/water heaters. Roof is relatively new. Cap rate of over 8 which is unheard of in the City of Marquette in recent years.

    Zillow last checked: 7 hours ago

    Listing updated: August 08, 2025 at 02:22pm

    Listed by:

    LEE HAYNES 906-362-5334,

    SELECT REALTY 906-228-2772

    Bought with:

    LEE HAYNES

    SELECT REALTY

    Source: Upper Peninsula AOR,MLS#: 50170948MLS LogoOriginating MLS: Upper Peninsula Assoc of Realtors

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    • Full bathrooms: 4
    Kitchen
    • Features: Eat-in Kitchen
    Heating
    • Electric
    Cooling
    • None
    Appliances
    • Included: Range/Oven, Refrigerator, Electric Water Heater
    Features
    • Basement: Crawl Space
    • Has fireplace: No
    Interior area
    • Total structure area: 2,540
    • Total interior livable area: 2,540 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: 3 or More Spaces, Unassigned
    Features
    • Levels: Two
    • Stories: 2
    • Exterior features: Balcony
    • Waterfront features: None
    Lot
    • Size: 0.34 Acres
    • Dimensions: 150 x 100
    • Features: Sidewalks, Corner Lot
    Details
    • Parcel number: 525200481280
    • Zoning: Multifamily Residential
    • Zoning description: Multi-Family
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Conventional Frame
    • Property subtype: Multi Family
    Materials
    • Other
    Condition
    • Year built: 1975

    Utilities & green energy

    • Electric: 100 Amp Service
    • Sewer: Public Sanitary
    • Water: Public
    • Utilities for property: Cable/Internet Avail., Electricity Connected, Sewer Connected, Internet Spectrum

    Community & neighborhood

    Community
    • Community features: Sidewalks, Street Lights, Wi-Fi Available
    Location
    • Region: Marquette
    • Subdivision: No

    HOA & financial

    Other financial information
    • Total actual rent: 5090

    Other

    Other facts
    • Listing terms: 1031 Exchange
    • Ownership: LLC
    • Road surface type: Paved
    Services availability