9 unit apartment building in the city of Ishpeming. Brand new steam boiler in February, some long term tenants. All annual leases. 12% CAP rate based on 2022 annual expense and rents at 95% occupancy. Coin operated laundry in basement.
Sold for $195,000
$195,000
638 N Fourth Street, Ishpeming, MI 49849
9beds
5,792sqft
Multi Family
Built in 1895
-- sqft lot
$287,200 Zestimate®
$34/sqft
$1,105 Estimated rent
Home value
$287,200
$241,000 - $336,000
$1,105/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
EXP REALTY OF MARQUETTE
Bought with:
KEY REALTY DELTA COUNTY LLC
Source: eXp Realty,MLS#: 50110619
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 18
- Full bathrooms: 9
- 1/2 bathrooms: 9
Heating
- Steam
Cooling
- None
Appliances
- Included: Range/Oven, Refrigerator, Washer, Gas Water Heater
Features
- Basement: Block, MI Basement
- Has fireplace: No
Interior area
- Total structure area: 5,792
- Total interior livable area: 5,792 sqft
Property
Features
- Levels: Three Or More
- Patio & porch: Porch
- Waterfront features: None
Lot
- Size: 5,662 Square Feet
Details
- Parcel number: 525120700800
- Zoning description: Residential
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Conventional Frame
- Property subtype: Multi Family
Condition
- Year built: 1895
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Laundry Facility
- Subdivision: MI, no
Location
- Region: Ishpeming
Financial & listing details
- Price per square foot: $34/sqft
- Tax assessed value: $76,098
- Annual tax amount: $4,857
- Date on market: 12/23/2025
- Cumulative days on market: 136 days
- Listing terms: Conventional
- Ownership: LLC
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 11/1/2023 | Sold | $195,000-13.3%$34/sqft |
Source: eXp Realty #111866901 Report a problem | ||
| 10/13/2023 | Pending sale | $225,000$39/sqft |
Source:  Upper Peninsula AOR #50110619 Report a problem | ||
| 10/3/2023 | Price change | $225,000-13.1%$39/sqft |
Source: Upper Peninsula AOR #50110619 Report a problem | ||
| 8/10/2023 | Price change | $259,000-2.3%$45/sqft |
Source: Upper Peninsula AOR #50110619 Report a problem | ||
| 5/31/2023 | Listed for sale | $265,000+43.2%$46/sqft |
Source: Upper Peninsula AOR #50110619 Report a problem | ||
| 9/30/2019 | Listing removed | $185,000$32/sqft |
Source: RE/MAX 1ST REALTY #1109726 Report a problem | ||
| 6/7/2019 | Pending sale | $185,000$32/sqft |
Source: RE/MAX 1ST REALTY #1109726 Report a problem | ||
| 10/10/2018 | Price change | $185,000-5.1%$32/sqft |
Source: RE/MAX 1st Realty #1109726 Report a problem | ||
| 7/17/2018 | Listed for sale | $195,000$34/sqft |
Source: RE/MAX 1ST REALTY #1109726 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,016 +72.9% | $102,700 -26.4% |
| 2024 | $5,216 +7.4% | $139,500 +10.9% |
| 2023 | $4,857 +3.5% | $125,800 +57.5% |
| 2022 | $4,692 +1.9% | $79,850 -7.9% |
| 2021 | $4,603 -9.3% | $86,700 +19.3% |
| 2019 | $5,077 | $72,700 -9.5% |
| 2018 | -- | $80,350 +1.3% |
| 2017 | -- | $79,300 -3.5% |
| 2016 | -- | $82,200 |
| 2015 | -- | $82,200 |
| 2014 | -- | $82,200 |
Find assessor info on the county website
Neighborhood: 49849
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Nearby schools
GreatSchools rating
- 6/10Ishpeming Middle SchoolGrades: 5-8Distance: 0.4 mi
- 6/10Ishpeming High SchoolGrades: 9-12Distance: 0.4 mi
- 2/10Birchview SchoolGrades: PK-4Distance: 1.1 mi
Schools provided by the listing agent
- District: Ishpeming Public School District
Source: eXp Realty. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Michigan
- Marquette County
- Ishpeming
- 49849
- 638 N Fourth Street
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