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For sale
  • Price cut: $14K (7/28)
    $334,990

    5216 E Sunset Rd, Ironwood, MI 49938

    9beds
    2,432sqft
    : 
    $2,286/mo
    Get pre-qualified
    Multi Family
    Built in 1937
    -- sqft lot
    $317,900 Zestimate®
    $138/sqft
    $-- HOA

    What's special

    Rare opportunity to own four side-by-side residences on approximately 1.75 acres in Ironwood, with each home already separately deeded and located on its own tax parcel. Whether you’re looking to expand your investment portfolio, occupy the spacious 3-bedroom end unit while generating rental income from the others, or own a Northwoods getaway with built-in income potential, this property offers flexibility that is rarely available. Purchase all four as a package, or take advantage of the fact that each residence is already separately deeded on its own tax parcel, creating uncommon flexibility for future ownership strategies, subject to applicable municipal, financing, insurance, and utility requirements. The property includes three 2-bedroom, 1-bath units, each with a private basement, laundry hookups, a one-car garage, and a dedicated driveway. The larger end unit offers 3 bedrooms, 1 bathroom, a private basement with laundry hookups, a detached 2-car garage, and an additional storage shed. Property features include a newer roof, updated flooring, durable block construction, vinyl windows, public water and sewer, exterior repainting completed approximately three years ago, separate off-street parking, and excellent separation between the units. Tenants currently pay gas, electric, water/sewer, and trash, while the owner handles lawn care and snow removal. Located within easy driving distance of Big Powderhorn Mountain, Blackjack Mountain, Indianhead Mountain, Lake Superior, and extensive snowmobile and ATV trail systems, the property is attractive not only as an investment but also as a year-round recreational retreat with income-producing potential.
    44 days
    |
    398
    |
    19
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Jonathan Minerick 888-400-2513,

    HomeCoin.com 888-400-2513

    Source: MiRealSource,MLS#: 50214401MLS LogoOriginating MLS: MiRealSource

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 9
      • Bathrooms: 4
      • Full bathrooms: 4
      Heating
      • Forced Air
      Cooling
      • Wall/Window Unit(s)
      Appliances
      • Included: Range/Oven, Refrigerator
      Features
      • Basement: Block
      • Has fireplace: No
      Interior area
      • Total structure area: 2,432
      • Total interior livable area: 2,432 sqft

      Property

      Parking
      • Total spaces: 5
      • Parking features: 3 or More Spaces, Garage, Attached, Detached, Off Street
      • Attached garage spaces: 5
      Features
      • Levels: Two
      • Stories: 2
      Lot
      • Size: 1.73 Acres
      • Dimensions: 75359
      Details
      • Parcel number: 0308002000; 0308002100
      • Zoning description: Residential

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Brick
      • Foundation: Basement
      Condition
      • Year built: 1937

      Utilities & green energy

      • Gas: Natural Gas
      • Sewer: Public Sanitary
      • Water: Public

      Community & HOA

      Community
      • Subdivision: Ironwood Homesteads
      Location
      • Region: Ironwood

      Financial & listing details

      • Price per square foot: $138/sqft
      • Tax assessed value: $88,888
      • Annual tax amount: $5,843
      • Date on market: 7/10/2026
      • Cumulative days on market: 45 days
      • Listing terms: Conventional,FHA,VA Loan
      • Ownership type: LLC
      • Lease term: Month To Month
      • Total actual rent: 3445

        Estimated market value

        $317,900

        $302,000 - $334,000

        $1,029/mo

        Price history

        DateEventPrice
        7/28/2026Price change$334,990-4%$138/sqft
        Source: MiRealSource #50214401 Report a problem
        7/10/2026Listed for sale$348,990$143/sqft
        Source: MiRealSource #50214401 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,442 +26.4%$44,444 +2.3%
        2024$1,931 $43,452 +7.4%
        2023-- $40,464 +25.1%
        2022-- $32,356 +68.4%
        2021-- $19,216 -3.2%
        2020-- $19,849 -7.3%
        2019-- $21,413 -0.8%
        2018-- $21,585 -24%
        2017-- $28,403
        2016-- $28,403
        2014-- $28,403
        2013-- $28,403
        Find assessor info on the county website

        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.
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        Climate risks

        Neighborhood: 49938

        Getting around

        10 / 100
        Car-Dependent
        10 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Ironwood Area Schools

        Source: MiRealSource. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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