208 E Montezuma Avenue Houghton, MI $ 940,000
208 E Montezuma Avenue
$ 940,000
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208 E Montezuma Avenue

Houghton, MI, 49931
$ 940,000
Bedrooms5 Baths2.2 Sq 3,500

Monthly Estimate*

$ 5,864

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Multi-Family Home for sale in Houghton, MI

for $940,000 with 5 bedrooms and 2 full baths, 2 half baths. This 3,500 square foot home was built in 2010 on a lot size of 0.11.

Downtown Houghton – Mixed use building in the heart of the City of Houghton! Building is currently set up as 2 commercial units and 2 residential units with 6 parking spaces in garage beneath the units. The location is fantastic located one block above the main Street of Houghton with restaurants, shopping, waterfront parks, trail along the lake, close to Michigan Tech and more! Unit 1 has 2 private offices, reception/waiting area, supply room and half bathroom. Unit two includes 3 offices, reception area and half bathroom. The third office has access options from either Unit 1 or 2, depending on the lease terms and currently included in Unit 2’s lease. Unit 3 is a 3 bedroom, 1 bathroom apartment with eat-in kitchen, living room. Unit 4 is a 2 bedroom, 1 bathroom apartment with eat-in kitchen and living room. Both residential units have granite counters, beautiful cabinetry and access to their own half of the deck overlooking the downtown building-scape, glimpses of the Portage Lake Lift Bridge, the hillside across the Portage and maybe even a glimpse of the water from some angles. Units 1, 3 and 4 have access through the drive under garage. Currently the 6 parking spaces are allocated: Unit 2 has 1, Unit 3 has 3 and Unit 4 has 2. Each unit has separate utilities that tenants pay. Building has fire suppression system. Residential leases are through June 2025. Commercial leases are through November 2025. Each unit has own heating system and water heater. Staircase inside building to access roof. Property zoning is B-3 (General Business). Some photos are from previous years between tenant occupancies. Prequalification letter is required for showings. Prequalification letter and non-disclosure agreement is required to review lease information. Year Built: Foundation is original from 1900. Main level was constructed in 2010. NOTICE: All information believed accurate but not warranted. Buyer recommended to inspect all aspects of the property & bears all risks for any inaccuracies. Buyer to verify all information including but not limited to the estimated acreage, lot size, square footage, utilities (availability & costs associated). Buyer should not assume the buyer’s taxes will be the same as seller’s present tax bills. Taxes are subject to change (possibly significant) & property will be reassessed by the municipality after sale is completed. Sellers/Tenants may have audio/video recording devices present on property and buyers and agents consent to being recorded by entering property. OFFERS: 72 hours response time requested on offers. Seller, at seller's sole discretion, with or without notice, reserves the right to set and/or modify offer submission & response deadlines.

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Multi-Family Active

Price

$ 940,000

Bedrooms

5

Full Bath

2

Half Bath

2

Property Type

Multi-Family

Taxes

$ 5,366

Style

Lot Size

0.11

Year Built

2010

Town/City

Houghton

County/Region

Houghton

MLS | Web ID

50136735

Features
Interior
Interior Amenities Fire Sprinkler
Basement Block Partial Stone
Beds 5
Fireplace? No
Total Number of Units 4
Dining/Kitchen Eat-In Kitchen
Fuel Type Natural Gas
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General
Heating Forced Air
Cooling Central A/C
Possession Subject To Tenant Rights
Garage Basement Access Electric in Garage
Zoning Zoning Code: B-3 https://www.cityofhoughton.com/building-planning-zoning/ Commercial
Water Public Water
Appliances Dishwasher Dryer Microwave Range/Oven Refrigerator Washer
Status Active Active
Full Baths 2
Half Baths 2
Bathrooms 4
Year Built 2010
Parking Garage
Subdivision City of Houghton MI
Water Heater Electric
Style Other
County Houghton
Class MULTIFAMILY
Type Multi-Family
Ownership LLC
Municipality Houghton
Electric Circuit Breakers
Sale/Rent For Sale
Status Detail 0
Utilities Cable Connected Electricity Connected Natural Gas Connected Sewer Connected Water Connected Internet Spectrum
Structure Style 1 Story
Area Houghton (31014)
Primary City Houghton
Location Corner Lot Main Street
Directions From M26/Sharon head towards downtown Houghton follow Montezuma Ave on Left. Public parking if available in front of building otherwise follow Montezuma to Shelden Ave
City Houghton
School District Houghton-Portage Twp Schools
Financial Terms Cash Conventional
Legal Description LOT 10 BLK 10 CITY OF HOUGHTON.
DOM 618
Postal Code 49931
Price Per Sq Ft Total AG 268.57
Public Remarks
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Exterior
Exterior Other
Exterior Amenities Deck
Frontage 50
Lot Size Area 0.11
Lot Dimensions 50x100
Lot Description Platted
Water Features None
Roads City/County Paved Street Year Round
Waterfront Y/N No
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* Excluded Features
List By
KRISTINE WEIDNER (JUKURI)

Listing Agent

Century 21 Affiliated

Broker

Kristine.Weidner@c21affiliated.com

Email

Affordability Calculator

$6,312
Per Month
93%
7%
0%
Monthly Principal & Interest
$5,864
Monthly Property Taxes
$447
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3701882 Elementary School
3701877 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/4/2025$940,000 -1.05% Price Down
4/3/2025$950,000 Listed Price

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208 E Montezuma Avenue, Houghton, MI, 49931 is a Multi-Family Home for sale at $940,000 with 3,500 sqft and a lot size of 0.11. 208 E Montezuma Avenue has 5 bedrooms, 2.2 baths, and was built in 2010. The property's zip code is 49931 which is in Houghton, MI