Looking for a solid investment property in Ishpeming? This well-maintained four-unit apartment building offers a fantastic opportunity for both seasoned and new investors. Many updates have been completed on the exterior including a newer roof, vinyl siding, several windows and the parking area has been filled and leveled. Updates to the units include paint, flooring and new finishes to kitchens and baths. Each of the four units features two bedrooms, one bathroom, and updated electrical panel, along with a desirable enclosed porch area for added living/storage space. Tenants will appreciate the convenience of off-street parking, and the on-site coin-operated laundry provides an additional revenue stream for the owner.
Closed
$220,000
801 N 3rd St, Ishpeming, MI 49849
8beds
3,360sqft
Multi Family
Built in 1891
-- sqft lot
$223,100 Zestimate®
$65/sqft
$1,025 Estimated rent
Home value
$223,100
$185,000 - $268,000
$1,025/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: March 27, 2025 at 07:39am
Listed by:
CRYSTAL BARR BERGLUND 906-360-2948,
KELLER WILLIAMS NORTHERN MICHIGAN 231-947-8200
Bought with:
DAWN FLORIO, 6501377601
RE/MAX 1ST REALTY
Source: Upper Peninsula AOR,MLS#: 50166878
Originating MLS: Upper Peninsula Assoc of Realtors
Originating MLS: Upper Peninsula Assoc of RealtorsFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard, Forced Air
Cooling
- None
Appliances
- Included: Dryer, Range/Oven, Refrigerator, Washer
Features
- Basement: Full,Stone
- Has fireplace: No
Interior area
- Total structure area: 3,360
- Total interior livable area: 3,360 sqft
Property
Parking
- Total spaces: 3
- Parking features: 3 or More Spaces, Off Street
Features
- Levels: Two
- Stories: 2
- Patio & porch: Porch
- Waterfront features: None
Lot
- Size: 6,534 sqft
- Dimensions: 100 x 67
- Features: Platted, Corner Lot
Details
- Parcel number: 525130202900
- Zoning: GR
- Zoning description: Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Conventional Frame
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Basement
Condition
- Year built: 1891
Utilities & green energy
- Electric: 100 Amp Service
- Gas: Natural Gas
- Sewer: Public Sanitary
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & neighborhood
Location
- Region: Ishpeming
- Subdivision: Cleveland Iron Mining Cos 2nd Add
HOA & financial
Other financial information
- Total actual rent: 4010
Other
Other facts
- Listing terms: Cash,Conventional
- Ownership: LLC
Price history
| Date | Event | Price |
|---|---|---|
| 3/20/2025 | Sold | $220,000$65/sqft |
Source:  Upper Peninsula AOR #50166878 | ||
| 2/19/2025 | Listed for sale | $220,000+340.9%$65/sqft |
Source: Upper Peninsula AOR #50166878 | ||
| 1/14/2021 | Listing removed | -- |
Source: Upper Peninsula AOR #1124083 | ||
| 11/21/2020 | Listed for sale | $49,900-37.6%$15/sqft |
Source: Upper Peninsula AOR #1124083 | ||
| 7/10/2020 | Sold | $80,000-38%$24/sqft |
Source: Upper Peninsula AOR #10072316 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,098 +7.4% | $59,850 +3.7% |
| 2023 | $2,885 +1% | $57,700 +27.7% |
| 2022 | $2,857 -26.5% | $45,200 +0.8% |
Find assessor info on the county website
Neighborhood: 49849
Nearby schools
GreatSchools rating
- 4/10Ishpeming Middle SchoolGrades: 5-8Distance: 0.5 mi
- 6/10Ishpeming High SchoolGrades: 9-12Distance: 0.5 mi
- 6/10Birchview SchoolGrades: PK-4Distance: 1 mi
Schools provided by the listing agent
- District: Ishpeming Public School District
Source: Upper Peninsula AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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