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  • $185,000

    635 N 5th St, Ishpeming, MI 49849

    6beds
    2,621sqft
    : 
    Multi Family
    Built in 1900
    -- sqft lot
    $189,200 Zestimate®
    $71/sqft
    $-- HOA

    What's special

    Sauna in the basementCorner lot
    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!
    4 days
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    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#: 50184469MLS LogoOriginating MLS: Upper Peninsula Assoc of Realtors
    Travel times

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    Next available tour time:Tomorrow at 9am

    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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