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  • $495,000

    500 Harlow St, Marquette, MI 49855

    8beds
    2,540sqft
    : 
    Multi Family
    Built in 1975
    -- sqft lot
    $478,300 Zestimate®
    $195/sqft
    $-- HOA

    What's special

    Large paved parking lot
    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 7.9 which is unheard of in the City of Marquette in recent years. https://my.matterport.com/show/?m=dcocuDZtMJ6 https://my.matterport.com/show/?m=8u6zMcfzYWx https://my.matterport.com/show/?m=Kb3ubNxSAN7
    16 days
    on Zillow
    |
    1,075
    |
    67
    |

    Zillow last checked: 7 hours ago

    Listing updated: April 11, 2025 at 07:52pm

    Listed by:

    LEE HAYNES,

    SELECT REALTY 906-228-2772

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

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 500 Harlow St.

    Next available tour time:Tomorrow at 2pm

    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
    Video & virtual tour

    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 & HOA

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

    Financial & listing details

    • Price per square foot: $195/sqft
    • Tax assessed value: $326,400
    • Annual tax amount: $7,337
    • Date on market: 4/9/2025
    • Listing terms: 1031 Exchange
    • Ownership: LLC
    • Lease term: Lease Term 1-2 Years
    • Total actual rent: 5090
    • Electric utility on property: Yes
    • Road surface type: Paved
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