137-141 Reiman Road Iron River, MI ^$ 84,500

137-141 Reiman Road

^$ 84,500

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137-141 Reiman Road

Iron River, MI, 49935

^$ 84,500

Bedrooms6 Baths2.0 Sq 2,200

Monthly Estimate*

^$ 527

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Multi-Family Home for sale in Iron River, MI

for $84,500 with 6 bedrooms and 2 full baths. This 2,200 square foot home was built in 1920 on a lot size of 2.

This duplex is beautifully located one mile from sunset lake and three miles from town. If you are looking for something you can put some TLC into and begin building your investment portfolio, this side-by-side duplex offers so much potential. Many new items have already been purchased and are just waiting to be installed. This multi-unit dwelling has new electric, furnace, drywall, new windows in one unit, and new windows, doors and more already purchased for the second unit. Absolutely a must see. Great income potential. Rare opportunity to own a duplex with a country setting. Units are both under construction.

Multi-Family Active

Price

^$ 84,500

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 2,046

Style

Conventional Frame

Lot Size

Year Built

1920

Town/City

Iron River

County/Region

Iron

MLS | Web ID

50193126

Features

General

Heating Forced Air

Cooling None

Possession At Close

Zoning Residential Residential

Water Public Water

Status Active Active

Full Baths 2

Half Baths 0

Bathrooms 2

Year Built 1920

Parking Unassigned/General

Subdivision no

Water Heater Gas

Style Conventional Frame

County Iron

Township Bates Township

Class MULTIFAMILY

Type Multi-Family

Ownership LLC

Municipality Bates Twp

Electric 100 Amp Service

Sale/Rent For Sale

Status Detail 0

Utilities Cable Available Electricity Connected Natural Gas Connected Sewer Connected Water Connected

Structure Style 2 Story

Area Bates Twp (36003)

Directions From Iron River go E on US2 appox. 3 miles to Reiman Rd. Go left on Reiman rd. property less than a 1/4 mile on Left.

City Iron River

School District West Iron County School District

Financial Terms Cash Conventional Land Contract

Legal Description SEC 20 T43N R34W COM 33' W OF SE COR OF SE 1/4 OF NW 1/4 TH N 83.3' TH W 417.4' TH S 83.3'

DOM 39

Price Per Sq Ft Total AG 38.41

Public Remarks This duplex is beautifully located one mile from sunset lake and three miles from town. If you are looking for something you can put some TLC into and begin building your investment portfolio

Interior

Basement Full

Beds 6

Fireplace? No

Total Number of Units 2

Bath Descriptions Other-See Remarks

Dining/Kitchen Eat-In Kitchen Formal Dining Room

Fuel Type Natural Gas

Exterior

Exterior Vinyl Siding

Exterior Amenities Deck

Frontage 208

Body of Water none

Lot Size Area 2

Lot Dimensions 125x417 + 83x417

Lot Description Large Lot - 65+ Ft.

Water Features None

Roads City/County

Waterfront Y/N No

* Excluded Features

List By

JILL ALBANYS

Listing Agent

U.P. Riverland Realty

Broker

jill@upriverland.com

Affordability Calculator

$698

Per Month

Monthly Principal & Interest: $527
Monthly Property Taxes: $171
Monthly Home Insurance: --

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Yearly 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

Trends
Schools

Multi-family listings in Iron River, MI

Average List Price ^$195,825

Percent of Sale Price 132%

About Iron River, MI

3,213 Population

-10% Since 2002

^$26,434 Median Income

46.94 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3701578 Elementary School

3701583 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/31/2025	$84,500		Listed Price

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137-141 Reiman Road, Iron River, MI, 49935 is a Multi-Family Home for sale at $84,500 with 2,200 sqft and a lot size of 2. 137-141 Reiman Road has 6 bedrooms, 2.0 baths, and was built in 1920. The property's zip code is 49935 which is in Iron River, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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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137-141 Reiman Road

Multi-Family Home for sale in Iron River, MI

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