Active

$165,000

635 N 5th St, Ishpeming, MI 49849

6beds

2,621sqft

Est.:

Multi Family

Built in 1900

-- sqft lot

$-- Zestimate^®

$63/sqft

$-- HOA

What's special

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!

192 days

1,355

57

Tour with a local agent

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: $63/sqft
Tax assessed value: $168,900
Annual tax amount: $4,390
Date on market: 8/7/2025
Cumulative days on market: 181 days
Listing terms: Cash,Conventional
Ownership: Private
Lease term: Month To Month
Total actual rent: 1700
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

$1,480/mo

Price history

Date	Event	Price
1/13/2026	Listed for sale	$165,000$63/sqft
Source: Upper Peninsula AOR #50184469 Report a problem
1/1/2026	Listing removed	$165,000$63/sqft
Source: NextHome #50184469 Report a problem
10/13/2025	Price change	$165,000-10.8%$63/sqft
Source: Upper Peninsula AOR #50184469 Report a problem
8/7/2025	Listed for sale	$185,000-11.9%$71/sqft
Source: Upper Peninsula AOR #50184469 Report a problem
7/27/2025	Listing removed	--
Source: Owner Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$4,390 +29.1%	$84,450 +18.7%
2023	$3,400 +3.5%	$71,150 +17.8%
2022	$3,284 +1.9%	$60,400 +5.3%

Find assessor info on the county website

BuyAbility℠ payment

Est. payment

$974/mo

Principal & interest

$770

Property taxes

$146

Home insurance

$58

Climate risks

Neighborhood: 49849

Nearby schools

GreatSchools rating

4/10
Ishpeming Middle School
Grades: 5-8Distance: 0.4 mi
6/10
Ishpeming High School
Grades: 9-12Distance: 0.4 mi
6/10
Birchview School
Grades: PK-4Distance: 1.1 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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