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!
Active
$249,900
515 W Onota St, Munising, MI 49862
4beds
1,960sqft
Est.:
Multi Family
Built in 1950
-- sqft lot
$233,000 Zestimate®
$128/sqft
$-- HOA
What's special
- 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#: 50171254
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: 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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