Three-Unit Income Property – Iron Mountain’s East Side Don’t miss this excellent investment opportunity! This property features a nicely remodeled duplex along with a separate single-family residence — all fully rented to long-term tenants at strong rental rates that generate solid cash flow. The lower unit of the duplex has been taken down to the studs and completely rebuilt with a brand-new kitchen, bathroom, wiring, drywall, windows, and more. Both duplex units offer two bedrooms and one bathroom. Tenants also enjoy access to coin-operated laundry and additional storage space in the basement. The single-family residence has been fully updated inside and features one bedroom plus storage space in the drive-under garage. All rents include landlord-paid utilities, making this a simple and efficient property to manage. Whether you’re expanding your portfolio or looking for a reliable income stream, this property offers a turnkey investment in a desirable East Side location.
Active
$224,000
521 E F St, Iron Mountain, MI 49801
5beds
2,380sqft
Est.:
Multi Family
Built in 1923
-- sqft lot
$134,900 Zestimate®
$94/sqft
$-- HOA
What's special
One bedroomSeparate single-family residenceAdditional storage spaceNicely remodeled duplexCoin-operated laundryBrand-new kitchen
- 1 day
- on Zillow |
- 280 |
- 9 |
Zillow last checked: 7 hours ago
Listing updated: July 31, 2025 at 12:49pm
Listed by:
SCOTT MOSIER 906-280-0903,
KEY REALTY DELTA COUNTY LLC 906-233-7455
Source: Upper Peninsula AOR,MLS#: 50183682
Originating MLS: Upper Peninsula Assoc of Realtors

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Rooms
- Room types: Laundry
Kitchen
- Features: Eat-in Kitchen
Heating
- Boiler, Forced Air, Radiator
Cooling
- None
Appliances
- Included: Other, Gas Water Heater
- Laundry: Lower Level Laundry
Features
- Basement: Block,Partial
- Has fireplace: No
Interior area
- Total structure area: 2,380
- Total interior livable area: 2,380 sqft
Property
Parking
- Total spaces: 3
- Parking features: 3 or More Spaces, Attached
- Attached garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Patio & porch: Porch
- Waterfront features: None
- Frontage length: 50
Lot
- Size: 6,098.4 Square Feet
- Dimensions: 50 x 120
Details
- Parcel number: 05110369800
- Zoning description: Multi-Family
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Block
- Property subtype: Multi Family
Materials
- Other
- Foundation: Basement
Condition
- Year built: 1923
Utilities & green energy
- Electric: Circuit Breakers
- Gas: Natural Gas
- Sewer: Public Sanitary
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected, Hard Lined Internet
Community & HOA
Community
- Subdivision: NO
Location
- Region: Iron Mountain
Financial & listing details
- Price per square foot: $94/sqft
- Tax assessed value: $111,400
- Annual tax amount: $3,577
- Date on market: 7/31/2025
- Listing terms: Cash,Conventional,Conventional Blend
- Ownership: LLC
- Total actual rent: 3068
- Electric utility on property: Yes
- Road surface type: Paved
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