Address
805 N 5th Street, Ishpeming, MI
Price
$ 189,900
Property Attributes
- MLS#50221452
- TypeMulti-Family
- Listing Status Active
- CountyMARQUETTE
- CityIshpeming
- AreaIshpeming
- NeighborhoodIshpeming
- Zip49849
- Style
- Year Built1880
- Taxes$ 3658
- Price$ 189,900
- Bedrooms5
- Full Bathrooms3
- Half Bathrooms0
- Sqr Footage2290
- Lot Size0.2 Acres
Data Source:
MiRealSource (MIRS)
Property Description
Incredible turnkey investment opportunity or house-hack potential in Ishpeming! This completely updated 2-unit home features a total of 5 bedrooms and 3 bathrooms, offering immediate cash flow or the perfect setup to live in one unit while renting out the other. Outside, you'll love the convenience of dedicated off-street parking for 4 vehicles and a fully fenced-in yard great for tenants or pet owners. The upstairs unit was fully renovated from top to bottom from 2023-2024 boasting a brand-new kitchen, stylish new bathroom, fresh drywall, modern lighting, and new flooring throughout. The primary bedroom features a massive newly installed 6’x6’ window that floods the space with natural light. The downstairs unit is equally impressive with all new interior doors, two new windows, and updated shower systems in both of its full bathrooms. Massive infrastructure upgrades give you ultimate peace of mind, including completely new electrical throughout the entire home, a smart thermostat update, and a brand-new main sewer line installed in December, 2025. With all the heavy lifting already done, this property is ready for its next owner to reap the rewards. Schedule your tour today! Seller is a licensed real estate agent in the state of Michigan.
| Price History | |
|---|---|
| 9/11/2026 | Listed $189,900 |
General Features
| Heating | Forced Air |
|---|---|
| Cooling | Ceiling Fan(s) |
| Possession | At Close |
| Zoning | GR |
| Water | Public Water |
| Appliances | Dryer,Humidifier,Microwave,Range/Oven,Refrigerator,Washer |
| Status | Active |
| Full Baths | 3 |
| Bathrooms | 3 |
| Year Built | 1880 |
| Parking | 3 or More Spaces |
| Subdivision | NONE |
| Water Heater | Gas |
| County | Marquette |
| Class | MULTIFAMILY |
| Type | Multi-Family |
| Net Income | 2650 |
| Expenses | 1600 |
| Ownership | LLC |
| Associated Document Count | 3 |
| Status | Active |
| Zoning | Residential |
| Subdivision | MI |
| Sale/Rent | For Sale |
| Utilities | Internet DSL Available,Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected |
| Structure Style | 2 Story |
| Subj to Short Sale Apprvl | No |
| Area | Ishpeming (52013) |
| Primary City | Ishpeming |
| Location | Corner Lot |
| Directions | From Ishpeming roundabout take N Second St exit to next roundabout to Third Street. Head south to left onto E Empire to property on left side. |
| City | Ishpeming |
| School District | Ishpeming Public School District |
| Lease Y/N | No |
| Originating MLS | Upper Peninsula Assoc of Realtor |
| Source MLS | MI Real Source |
| Financial Terms | Cash,Conventional,Conventional Blend |
| Legal Description | CLEVELAND IRON MINING CO'S. 3RD ADD. LOT 498 |
| DOM | 15 |
| Postal Code | 49849 |
| Price Per Sq Ft Total AG | 82.93 |
| Public Remarks | Incredible turnkey investment opportunity or house-hack potential in Ishpeming! This completely updated 2-unit home features a total of 5 bedrooms and 3 bathrooms |
Interior Features
| Interior Amenities | Hardwood Floors |
|---|---|
| Basement | MI Basement |
| Beds | 5 |
| Fireplace? | No |
| Total Number of Units | 2 |
| Unit 2 Living Room Level | Second |
| Unit 2 Kitchen Level | Second |
| Unit 2 Bedroom 2 Level | Second |
| Unit 1 Living Room Level | First |
| Unit 1 Kitchen Level | First |
| Unit 1 Dining Room Level | First |
| Bath Descriptions | Second Flr Bath Lav/Half |
| Basement Y/N | Yes |
| Dining/Kitchen | Eat-In Kitchen,Formal Dining Room |
| Unit 1 Occupied Y/N | No |
| Unit 1 Rent Rate | 1500 |
| Unit 2 Occupied Y/N | No |
| Unit 2 Rent Rate | 1100 |
| Fuel Type | Natural Gas |
| Unit 2 Bedroom 1 Level | Second |
| Unit 1 Bedroom 1 Level | First |
| Unit 1 Bedroom 2 Level | Second |
| Unit 1 Bedroom 3 Level | Second |
Exterior Features
| Exterior | Aluminum |
|---|---|
| Exterior Amenities | Fenced Yard |
| Lot Size Area | 0.2 |
| Lot Dimensions | 76x114 |
| Lot Description | Cleared |
| Separate Electric Y/N | Yes |
| Separate Gas Y/N | No |
| Separate Heat Y/N | No |
| Separate Water Y/N | No |
| Water Features | None |
| SEWER SEPTIC | Public Sanitary |
| Roads | Alley,Paved Street,Year Round |
| FOUNDATION TYPE | Basement |
| Waterfront Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 49849
Price
Taxes
Year Built
Visits
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Copyright 2026 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary
