For sale

Price cut: $10K (8/24)

$260,000

309 Tobin St, Negaunee, MI 49866

5beds

2,569sqft

$2,111/mo

Get pre-qualified

Multi Family

Built in 1898

-- sqft lot

$258,000 Zestimate^®

$101/sqft

$-- HOA

What's special

Additional off-street parkingBeautiful hardwood floorsNewer roofThree upstairs bedroomsFormal dining roomWalk-in pantrySpacious eat-in kitchen

Fantastic investment opportunity in the City of Negaunee! This well-maintained front and back duplex offers excellent income potential, a 2-car garage, and additional off-street parking, all within close proximity to the Iron Ore Heritage Trail, parks, and downtown amenities. The front unit features a charming retro-style kitchen, spacious living room, formal dining room, three upstairs bedrooms, and a full bath. The back unit features beautiful hardwood floors and includes a spacious eat-in kitchen with a walk-in pantry, a large living room, a cozy office or den, and two generously sized upstairs bedrooms served by a full bath. Major updates include a new furnace in the back unit and updated electrical panel, along with a newer roof and rebuilt chimneys, providing added value and peace of mind. Whether you're looking to live in one unit while generating rental income or add a solid property to your investment portfolio, this versatile duplex is an outstanding opportunity!

62 days
391
18

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 2
Full bathrooms: 2

Rooms

Room types: Den/Study/Lib, Entry, Family Room, Living Room

Bedroom 1

Features: No

Dining room

Features: Formal Dining Room

Kitchen

Features: Eat-in Kitchen

Heating

Boiler, Forced Air

Appliances

Included: Gas Water Heater

Features

Flooring: Hardwood
Windows: Window Treatments
Basement: Full,Stone
Has fireplace: No

Interior area

Total structure area: 2,569
Total interior livable area: 2,569 sqft

Property

Parking

Total spaces: 2
Parking features: Garage, Detached
Garage spaces: 2

Features

Levels: Two
Stories: 2
Patio & porch: Porch
Exterior features: Street Lights
Waterfront features: None
Frontage length: 50

Lot

Size: 7,405 Square Feet
Dimensions: 50 x 150
Features: Walk to School

Details

Additional structures: Garage(s)
Parcel number: 525305000500
Zoning: R-2
Zoning description: Residential
Special conditions: Private,Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Conventional Frame
Property subtype: Multi Family

Materials

Foundation: Basement, Stone

Condition

Year built: 1898

Utilities & green energy

Electric: 200+ Amp Service
Gas: Natural Gas
Sewer: Public Sanitary
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Community & HOA

Community

Features: Park, Playground, Sidewalks, Street Lights
Subdivision: None

Location

Region: Negaunee

Financial & listing details

Price per square foot: $101/sqft
Tax assessed value: $159,400
Annual tax amount: $3,400
Date on market: 8/3/2026
Cumulative days on market: 62 days
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional
Lease term: Month To Month
Road surface type: Paved

Estimated market value

$258,000

$245,000 - $271,000

$1,657/mo

Price history

Date	Event	Price
9/29/2026	Listed for sale	$260,000$101/sqft
Source: MiRealSource #50217087 Report a problem
9/25/2026	Contingent	$260,000$101/sqft
Source: MiRealSource #50217087 Report a problem
8/24/2026	Price change	$260,000-3.7%$101/sqft
Source: MiRealSource #50217087 Report a problem
8/3/2026	Listed for sale	$270,000+500%$105/sqft
Source: MiRealSource #50217087 Report a problem
3/3/2017	Sold	$45,000-3.2%$18/sqft
Source: Agent Provided Report a problem
1/30/2017	Pending sale	$46,500$18/sqft
Source: RE/MAX 1st Realty #1099104 Report a problem
1/25/2017	Listed for sale	$46,500$18/sqft
Source: RE/MAX 1st Realty #1099104 Report a problem
1/17/2017	Pending sale	$46,500$18/sqft
Source: RE/MAX 1st Realty #1099104 Report a problem
1/10/2017	Listed for sale	$46,500$18/sqft
Source: RE/MAX 1st Realty #1099104 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,406 +5%	$79,700 +21.1%
2024	$3,243 +7.4%	$65,800 -0.2%
2023	$3,018 +4.1%	$65,950 +13.2%
2022	$2,899 +2.3%	$58,250 +14.6%
2021	$2,832 +3.6%	$50,850 +5.1%
2019	$2,734	$48,400 +5.4%
2018	--	$45,900 -2.1%
2017	--	$46,900 +3.3%
2016	--	$45,400
2015	--	$45,400 +9.5%
2014	--	$41,450 +4.7%
2012	--	$39,600
2011	--	$39,600
2010	--	$39,600