1025 River Avenue Iron Mountain, MI $ 122,500
1025 River Avenue
$ 122,500
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1025 River Avenue

Iron Mountain, MI, 49801
$ 122,500
Bedrooms2 Baths2.0 Sq 1,224

Monthly Estimate*

$ 764

1025 River Avenue, Iron Mountain, MI 49801 - Image 1
1025 River Avenue, Iron Mountain, MI 49801 - Image 2
1025 River Avenue, Iron Mountain, MI 49801 - Image 3
1025 River Avenue, Iron Mountain, MI 49801 - Image 4
1025 River Avenue, Iron Mountain, MI 49801 - Image 5
1025 River Avenue, Iron Mountain, MI 49801 - Image 6

Multi-Family Home for sale in Iron Mountain, MI

for $122,500 with 2 bedrooms and 2 full baths. This 1,224 square foot home was built in 1887 on a lot size of 0.14.

This beautifully updated 1800s house has been thoughtfully converted into two distinct apartments, each offering modern amenities while preserving the charm of its historic roots. The main floor apartment exudes character with its spacious layout, featuring French doors that lead into a versatile sitting area or a second bedroom. The unit also includes a large living room, a well-equipped kitchen, an updated bathroom, and modernized electrical systems. With central air conditioning and a 2-car attached garage. this unit combines convenience with classic style. The upper-level apartment, accessible through a separate entrance, offers a cozy 1 bedroom, 1 bath layout. It includes a generous living room, dining room, and kitchen, all updated for contemporary living. Situated on a corner lot, the property benefits from a spacious-feeling yard, perfect for outdoor enjoyment. Located within walking distance to shopping, dining, and parks, this property is ideal for tenants seeking both comfort and convenience. The seller captures $1,300 per month in rental income, with base utilities and Wi-Fi included, while tenants cover any overages. This is a fantastic opportunity for those looking to invest in a property with character and steady income.

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Multi-Family Active

Price

$ 122,500

Bedrooms

2

Full Bath

2

Property Type

Multi-Family

Taxes

$ 2,250

Style

Conventional Frame

Lot Size

0.14

Year Built

1887

Town/City

Iron Mountain

County/Region

Dickinson

MLS | Web ID

50153112

Features
General
Heating Electric Heat Forced Air
Cooling Central A/C
Possession At Close
Garage Attached Garage
Water Public Water
Appliances Range/Oven Refrigerator
Status Active Active
Full Baths 2
Half Baths 0
Bathrooms 2
Year Built 1887
Parking 3 or More Spaces
Subdivision none MI
Water Heater Electric
Style Conventional Frame
County Dickinson
Class MULTIFAMILY
Type Multi-Family
Ownership Private
Municipality Iron Mountain
Zoning Mixed Use
Sale/Rent For Sale
Status Detail 0
Structure Style 2 Story
Area Iron Mountain (22007)
Primary City Iron Mountain
Location Corner Lot
Directions From Carpenter turn East onto H St. Left onto River Ave. House is on the Right.
City Iron Mountain
School District Iron Mountain City School Distri
Financial Terms Cash Conventional
Legal Description IM- 4361 LOT 8 BLOCK 11 SPIES & JENKINS 1ST ADDITION
DOM 490
Postal Code 49801
Price Per Sq Ft Total AG 100.08
Public Remarks This beautifully updated 1800s house has been thoughtfully converted into two distinct apartments
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Interior
Basement Block Poured
Beds 2
Fireplace? No
Total Number of Units 2
Fuel Type Natural Gas
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Exterior
Exterior Vinyl Siding Asphalt
Exterior Amenities Porch
Lot Size Area 0.14
Lot Dimensions 50x125
Lot Description Cleared Sidewalks
Water Features None
Roads Paved Street
Waterfront Y/N No
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* Excluded Features
List By
KIMBERLY WEBB

Listing Agent

Leeds Real Estate

Broker

kim@leedsrealestate.net

Email

Affordability Calculator

$952
Per Month
80%
20%
0%
Monthly Principal & Interest
$764
Monthly Property Taxes
$188
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
3701306 Elementary School
3701270 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/23/2025$122,500 -5.70% Price Down
7/24/2025$129,900 -7.15% Price Down
5/19/2025$139,900 -9.68% Price Down
11/1/2024$154,900 -8.83% Price Down
8/23/2024$169,900 Listed Price

Map


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1025 River Avenue, Iron Mountain, MI, 49801 is a Multi-Family Home for sale at $122,500 with 1,224 sqft and a lot size of 0.14. 1025 River Avenue has 2 bedrooms, 2.0 baths, and was built in 1887. The property's zip code is 49801 which is in Iron Mountain, MI