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  • $249,900

    515 W Onota St, Munising, MI 49862

    4beds
    1,960sqft
    : 
    Multi Family
    Built in 1950
    -- sqft lot
    $233,000 Zestimate®
    $128/sqft
    $-- HOA

    What's special

    Excellent investment opportunity in the heart of Munising! This well-maintained duplex offers two identical side by side units and sits just minutes from the bustling downtown area, the marina, and the renowned Pictured Rocks National Lakeshore. This two-story duplex spans 1,960 square feet and is situated on a spacious corner lot on the edge of town with peek a boo Lake Superior Views. Each unit features an intelligent layout with a flowing first-floor plan that includes a bright living room, formal dining room with hardwood floors, and a functional kitchen with ample cabinet space. Both units come equipped with essential appliances including refrigerator and range (unit 1 also includes a dishwasher). The second floor of each unit houses two comfortable bedrooms and a full bathroom. The property boasts separate utilities for each unit, including water, electric, and gas service - a huge plus for property management. The partial block basement offers separate extra storage space for tenants, along with washer and dryer hookups. The crawlspace is also easily accessible and ads more storage and access to mechanicals/electric panels. Located in a prime residential area, this duplex offers tenants the convenience of being walking distance to schools and local amenities. The vinyl siding exterior requires minimal maintenance, and the front porch adds charming curb appeal. Both units share access to a delightful three-season porch, perfect for enjoying the Lake Superior breeze. There is also off street parking for two vehicles for each unit. If you are looking to add to your portfolio or for an owner occupied option, this turnkey investment property presents an excellent opportunity in Munising's growing rental market!
    13 days
    on Zillow
    |
    555
    |
    21
    |

    Zillow last checked: 7 hours ago

    Listing updated: April 17, 2025 at 07:43am

    Listed by:

    CRAIG HEINONEN,

    COLDWELL BANKER SCHMIDT REALTORS 906-225-5992

    Source: Upper Peninsula AOR,MLS#: 50171254MLS 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 515 W Onota St.

    Next available tour time:Today at 4:30pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Rooms
    • Room types: Living Room
    Dining room
    • Features: Formal Dining Room
    Heating
    • Forced Air
    Cooling
    • None
    Appliances
    • Included: Range/Oven, Refrigerator, Electric Water Heater
    Features
    • Flooring: Hardwood
    • Basement: Block,Partial,Crawl Space
    • Has fireplace: No
    Interior area
    • Total structure area: 1,960
    • Total interior livable area: 1,960 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: 3 or More Spaces
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Porch
    • Exterior features: Sidewalks, Street Lights
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    • Waterfront features: Great Lake
    • Frontage length: 83
    Lot
    • Size: 9,583.2 Square Feet
    • Dimensions: 83 x 125
    • Features: Sidewalks, Corner Lot, Walk to School
    Details
    • Additional structures: Shed(s)
    • Parcel number: 05135600100
    • Zoning: R-1 - Residential One
    • Zoning description: Residential
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Conventional Frame
    • Property subtype: Multi Family
    Materials
    • Vinyl Siding
    • Foundation: Basement
    Condition
    • Year built: 1950

    Utilities & green energy

    • Electric: 100 Amp Service
    • Gas: Natural Gas
    • Sewer: Public Sanitary
    • Water: Public
    • Utilities for property: Cable/Internet Avail., Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected, Hard Lined Internet, Internet Spectrum

    Community & HOA

    Community
    • Subdivision: City of Munising
    Location
    • Region: Munising

    Financial & listing details

    • Price per square foot: $128/sqft
    • Tax assessed value: $99,400
    • Annual tax amount: $2,192
    • Date on market: 4/12/2025
    • Listing terms: Cash,Conventional
    • Ownership: LLC
    • Lease term: Less than 1 Year,Lease Term 1-2 Years
    • Total actual rent: 1750
    • Electric utility on property: Yes
    • Road surface type: Paved
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