Accepting backups

Price cut: $6.5K (6/23)

$48,500

407 5th St, Iron Mountain, MI 49801

2beds

1,300sqft

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Single Family Residence

Built in 1900

3,484 Square Feet Lot

$-- Zestimate^®

$37/sqft

$-- HOA

What's special

Flexible layout

Investor Special with Big Potential in Iron Mountain! Located on the North side of Iron Mountain, just minutes from downtown, this 2-bedroom, 2-bath home is packed with opportunity for the right buyer. Whether you’re an investor, flipper, or someone looking to build equity, this property is ready for your vision. With a flexible layout and the potential to add a third bedroom, there’s plenty of room to increase value and make it your own. Convenient location, solid potential, and a chance to create real value can be found in this home. Bring your ideas and creativity—this property is being sold as-is and is ideal for those looking to take on a project and turn it into something special!

84 days

1,057

27

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2

Bedroom 1

Level: Upper
Area: 110
Dimensions: 10 x 11

Bedroom 2

Level: Upper
Area: 108
Dimensions: 12 x 9

Bathroom 1

Features: Wood
Level: First
Area: 120
Dimensions: 10 x 12

Bathroom 2

Features: Vinyl
Level: Second
Area: 70
Dimensions: 5 x 14

Dining room

Features: Wood
Level: First
Area: 168
Dimensions: 14 x 12

Kitchen

Features: Vinyl
Level: First
Area: 168
Dimensions: 14 x 12

Living room

Features: Carpet
Level: First
Area: 192
Dimensions: 16 x 12

Heating

Forced Air, Propane

Cooling

None

Appliances

Included: Dishwasher, Range/Oven, Refrigerator, Electric Water Heater

Features

None
Flooring: Carpet, Wood, Vinyl
Basement: Stone
Has fireplace: No

Interior area

Total structure area: 1,804
Total interior livable area: 1,300 sqft
Finished area above ground: 1,300
Finished area below ground: 0

Property

Features

Levels: One and One Half
Stories: 1.5
Patio & porch: Deck, Porch
Waterfront features: None
Frontage type: Road
Frontage length: 113

Lot

Size: 3,484 Square Feet
Dimensions: 3,680

Details

Additional structures: Shed(s)
Parcel number: 05110157200
Special conditions: Other/See Remarks,Probate Listing

Construction

Type & style

Home type: SingleFamily
Architectural style: Other
Property subtype: Single Family Residence

Materials

Vinyl Siding
Foundation: Basement, Stone

Condition

Fixer
Year built: 1900

Utilities & green energy

Sewer: Public Sanitary
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected, Internet Spectrum

Community & HOA

Community

Subdivision: Hamilton & Merryman's 3rd Addition

HOA

Has HOA: No

Location

Region: Iron Mountain

Financial & listing details

Price per square foot: $37/sqft
Annual tax amount: $791
Date on market: 4/16/2026
Cumulative days on market: 85 days
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

$1,182/mo

Price history

Date	Event	Price
6/23/2026	Price change	$48,500-11.8%$37/sqft
Source: MiRealSource #50204456 Report a problem
4/16/2026	Listed for sale	$55,000$42/sqft
Source: Upper Peninsula AOR #50204456 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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