For sale

Price cut: $35K (7/6)

$140,000

509 1st Ave S #511, Escanaba, MI 49829

7beds

2,922sqft

$1,097/mo

Get pre-qualified

Multi Family

Built in 1902

-- sqft lot

$-- Zestimate^®

$48/sqft

$-- HOA

What's special

Fenced in yard

Investor special near the lake- Two homes on one property! Just minutes from the shores of Lake Michigan, this property features two separate homes on one parcel. Offering incredible potential for investors, rental income, or live-in-one, rent-the-other setup. The first home (509) offers 4 bedrooms and 2 bathrooms, while the second (511) provides 3 bedrooms and 1 bathroom. Giving you a total of 7 bedrooms and 3 bathrooms across both residences. The possibilities are endless for the buyer with a vision. Whether you're looking to build equity or add to your portfolio. This property also boasts a fenced in yard with a 2-car garage generally shared with both tenants.

88 days
623
45

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 3
Full bathrooms: 3

Bathroom

Features: First Flr Bath Lav/Half, Master Bedroom Bath

Heating

Forced Air

Cooling

Ceiling Fan(s)

Appliances

Included: Dishwasher, Range/Oven, Refrigerator, Washer, Gas Water Heater
Laundry: Second Floor Laundry

Features

Basement: Block,Full
Number of fireplaces: 1
Fireplace features: Living Room

Interior area

Total structure area: 2,922
Total interior livable area: 2,922 sqft

Property

Parking

Total spaces: 3
Parking features: 3 or More Spaces, Garage, On Street, Detached
Garage spaces: 2
Has uncovered spaces: Yes

Features

Levels: Two
Stories: 2
Exterior features: Sidewalks, Street Lights
Fencing: Fenced
Waterfront features: None
Frontage length: 50

Lot

Size: 7,840 Square Feet
Dimensions: 50 x 160

Details

Parcel number: 0510102929312006
Special conditions: Private

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Fiber Cement
Foundation: Basement

Condition

Year built: 1902

Utilities & green energy

Gas: Natural Gas
Sewer: Public Sanitary
Water: Public

Community & HOA

Community

Subdivision: None

Location

Region: Escanaba

Financial & listing details

Price per square foot: $48/sqft
Annual tax amount: $2,876
Date on market: 6/8/2026
Cumulative days on market: 89 days
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional,Conventional Blend
Lease term: Month To Month
Total actual rent: 1300

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
7/6/2026	Price change	$140,000-20%$48/sqft
Source: MiRealSource #50210540 Report a problem
6/8/2026	Listed for sale	$175,000$60/sqft
Source: MiRealSource #50210540 Report a problem