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For sale
    • $212,800

    827 S Stephenson Ave, Iron Mountain, MI 49801

    2beds
    1,092sqft
    : 
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    Multi Family
    Built in 1916
    -- sqft lot
    $111,000 Zestimate®
    $195/sqft
    $-- HOA

    What's special

    Multiple income-producing unitsShared driveway
    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. Situated on separate parcels, these properties feature multiple income-producing units with a shared driveway. 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. MLS # 50208093 & MLS # 50208094 are both included for total purchase price listed.
    64 days
    |
    108
    |
    2
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    THOMAS MINER 906-221-7955,

    MULTI STATE REALTY 906-828-2525

    Source: MiRealSource,MLS#: 50208093MLS LogoOriginating MLS: Upper Peninsula Assoc of Realtors

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 2
      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: 1,092
      • Total interior livable area: 1,092 sqft

      Property

      Parking
      • Total spaces: 3
      • Parking features: 3 or More Spaces, Driveway
      Features
      • Levels: Multi/Split,Two
      • Stories: 2
      • Waterfront features: None
      Lot
      • Size: 6,098 Square Feet
      • Dimensions: 50 x 120
      Details
      • Parcel number: 05110429800
      • Special conditions: Private

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Cedar
      • Foundation: Basement, Stone
      Condition
      • Year built: 1916

      Utilities & green energy

      • Gas: Natural Gas
      • Sewer: Public Sanitary
      • Water: Public
      • Utilities for property: Cable 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: $195/sqft
      • Tax assessed value: $99,200
      • Annual tax amount: $2,224
      • Date on market: 5/19/2026
      • Cumulative days on market: 65 days
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash,Conventional,Conventional Blend
      • Total actual rent: 575

        Estimated market value

        $111,000

        $82,000 - $142,000

        $1,473/mo

        Price history

        DateEventPrice
        5/19/2026Listed for sale$212,800-7.1%$195/sqft
        Source: MiRealSource #50208093 Report a problem
        10/28/2022Listing removed$229,000$210/sqft
        Source: Upper Peninsula AOR #50072235 Report a problem
        4/28/2022Listed for sale$229,000+445.2%$210/sqft
        Source: Upper Peninsula AOR #50072235 Report a problem
        1/31/1997Sold$42,000$38/sqft
        Source: Agent Provided Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,141 +5.7%$49,600 +8.5%
        2024$2,025 +5%$45,700 +21.2%
        2023$1,928 +3.3%$37,700 +7.1%
        2022$1,867 $35,200 +2.9%
        2021-- $34,200 +4.3%
        2020$1,372 $32,800 +11.9%
        2019-- $29,300
        2018-- $29,300 +2.4%
        2017-- $28,600 +4.4%
        2016-- $27,400
        2014-- $27,400
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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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        Climate risks

        Neighborhood: 49801

        Getting around

        77 / 100
        Very Walkable
        55 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Iron Mountain City School District

        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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