Opportunity knocks with this large side-by-side duplex located on a corner lot near downtown, the Iron Ore Heritage Trail, and ATV/snowmobile trails. Each unit offers 3 bedrooms—one side features 2 bathrooms and a sauna in the basement, while the other has 1 bathroom. Both units are very spacious and currently rent for $850/month plus utilities, with one long-term tenant in place. This property is perfect for investors or an owner-occupant looking to have the other unit help pay the mortgage. Recent updates include two new boilers, offering peace of mind on major mechanicals. While the home is functional and income-producing, it could use some TLC to maximize its potential. A 2-car garage adds to the appeal, and the location offers great convenience and lifestyle amenities. With solid bones and rental income in place, this is a value-add opportunity you won’t want to miss!
Active
$185,000
635 N 5th St, Ishpeming, MI 49849
6beds
2,621sqft
Est.:
Multi Family
Built in 1900
-- sqft lot
$189,200 Zestimate®
$71/sqft
$-- HOA
What's special
Sauna in the basementCorner lot
- 4 days
- on Zillow |
- 552 |
- 24 |
Zillow last checked: 7 hours ago
Listing updated: August 07, 2025 at 10:21am
Listed by:
BENJAMIN ARGALL 906-250-2874,
NEXTHOME SUPERIOR LIVING 906-214-4267
Source: Upper Peninsula AOR,MLS#: 50184469
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: 6
- Bathrooms: 3
- Full bathrooms: 2
Dining room
- Features: Formal Dining Room
Kitchen
- Features: Eat-in Kitchen
Heating
- Hot Water
Cooling
- None
Appliances
- Included: Gas Water Heater
Features
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 2,621
- Total interior livable area: 2,621 sqft
Property
Parking
- Total spaces: 3
- Parking features: 3 or More Spaces, On Street, Detached
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Porch
- Waterfront features: None
- Frontage length: 50
Lot
- Size: 5,662.8 Square Feet
- Dimensions: 50 x 117
Details
- Parcel number: 525120700900
- Zoning: Residential 1
- Zoning description: Residential
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Foundation: Basement
Condition
- Year built: 1900
Utilities & green energy
- Gas: Natural Gas
- Sewer: Public Sanitary
- Water: Public Water at Street
Community & HOA
Community
- Subdivision: Cleveland Iron Mining Co's Second Addition
Location
- Region: Ishpeming
Financial & listing details
- Price per square foot: $71/sqft
- Tax assessed value: $168,900
- Annual tax amount: $4,390
- Date on market: 8/7/2025
- Listing terms: Cash,Conventional
- Ownership: Private
- Lease term: Month To Month
- Total actual rent: 1700
- Road surface type: Paved
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