For sale

Price cut: $12.9K (7/24)

$199,900

827 & 831 S Stephenson Ave, Iron Mountain, MI 49801

4beds

2,142sqft

$1,519/mo

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Multi Family

Built in 1916

-- sqft lot

$-- Zestimate^®

$93/sqft

$-- HOA

What's special

Two Homes, One Incredible Investment Opportunity! 827 & 831 S Stephenson Ave are being sold together for price listed, offering exceptional income potential and endless possibilities for investors or owner-occupants alike. Both 827 and 831 feature upper and lower 1 bed, 1 bath units. At 831, the lower unit is currently being used as a business space. Together, these properties provide multiple sources of rental income and flexible options for investors or owner-occupants. Whether you’re looking to expand your portfolio, live in one unit while generating income from the others, or maximize cash flow with mixed-use potential, this unique package is full of opportunity.

72 days

180

9

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 4
Full bathrooms: 4

Bedroom 1

Features: No

Heating

Forced Air

Cooling

Ceiling Fan(s)

Appliances

Included: Range/Oven, Refrigerator, Electric Water Heater

Features

Basement: Block,Stone
Has fireplace: No

Interior area

Total structure area: 2,142
Total interior livable area: 2,142 sqft

Property

Parking

Total spaces: 3
Parking features: 3 or More Spaces, Driveway

Features

Levels: Multi/Split,Two
Stories: 2
Exterior features: Sidewalks, Balcony
Waterfront features: None

Lot

Size: 0.27 Acres
Dimensions: 100 x 237
Features: Main Street

Details

Parcel number: 05110429800, 05110429900
Special conditions: Private,Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Cedar, Vinyl Siding
Foundation: Basement, Stone

Condition

Year built: 1916

Utilities & green energy

Gas: Natural Gas
Sewer: Public Sanitary
Water: Public
Utilities for property: Cable Available, Internet DSL Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Community & HOA

Community

Subdivision: Spies & Jenkins 1st Add

Location

Region: Iron Mountain

Financial & listing details

Price per square foot: $93/sqft
Annual tax amount: $4,721
Date on market: 5/19/2026
Cumulative days on market: 72 days
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional,Conventional Blend
Total actual rent: 575

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
7/24/2026	Price change	$199,900-6.1%$93/sqft
Source: MiRealSource #50208093 Report a problem
5/19/2026	Listed for sale	$212,800$99/sqft
Source: MiRealSource #50208093 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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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