W5514 First Street Hermansville, MI ^$ 180,000

W5514 First Street

^$ 180,000

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Recently Listed

W5514 First Street

Hermansville, MI, 49847

^$ 180,000

Bedrooms14 Baths7.0 Sq 8,610

Monthly Estimate*

^$ 1,108

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Multi-Family Home for sale in Hermansville, MI

for $180,000 with 14 bedrooms and 7 full baths. This 8,610 square foot home was built in 1930 on a lot size of 0.48.

Great investment opportunity in Hermansville! This seven-unit multi-family property offers immediate income potential with five units currently leased and generating revenue. A sixth unit is in the process of being refreshed and will be ready for occupancy soon, providing additional upside. The seventh unit presents a value-add opportunity for investors looking to renovate and maximize returns. Situated on a spacious parcel that includes two lots, this property offers room for future expansion or added income streams. Whether youâre looking to grow your portfolio or step into multi-family investing, this property combines current cash flow with long-term potential

Multi-Family Active

Price

^$ 180,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 5,716

Style

Conventional Frame

Lot Size

0.48

Year Built

1930

Town/City

Hermansville

County/Region

Menominee

MLS | Web ID

50206535

Features

General

Heating Forced Air

Cooling None

Possession Negotiable (Possession)

Garage Attached Garage

Zoning Commercial Commercial

Water Private Well

Status Active Active

Full Baths 7

Half Baths 0

Bathrooms 7

Year Built 1930

Parking Unassigned/General

Subdivision None MI

Style Conventional Frame

County Menominee

Class MULTIFAMILY

Type Multi-Family

Ownership LLC

Municipality Meyer Twp

Electric 100 Amp Service Circuit Breakers

Sale/Rent For Sale

Status Detail 0

Utilities Electricity Connected Natural Gas Connected

Structure Style 2 Story

Area Meyer Twp (55017)

Primary City Hermansville

Location Main Street

Directions US 2/41 South to Powers. Right on 2 towards Iron Mountain. Take left at Wildwood Restaurant. Follow Main Street to Right on First Street to property on Right.

City Hermansville

School District North Central Area Schools

Financial Terms Cash

Legal Description 536-777 MY-B66 23A&14 24B&27-28 E 30' OF LOT 23 W 30' OF LOT 24

DOM 3

Postal Code 49847

Price Per Sq Ft Total AG 20.91

Public Remarks

Interior

Basement Block Poured

Beds 14

Fireplace? No

Total Number of Units 7

Bath Descriptions First Flr Bath Lav/Half Second Flr Bath Lav/Half

Dining/Kitchen Eat-In Kitchen

Fuel Type Natural Gas

Exterior

Exterior Other

Exterior Amenities Sidewalks

Frontage 120

Body of Water None

Lot Size Area 0.48

Lot Dimensions 120 x 174

Lot Description Deep Lot - 150+ Ft.

Well/Septic Inspection Done No

Water Features None

Roads Access Country Year Round

Waterfront Y/N No

* Excluded Features

List By

MELISSA MIKUS

Listing Agent

Upwards Real Estate

Broker

mel@mikusmail.com

Affordability Calculator

$1,585

Per Month

Monthly Principal & Interest: $1,108
Monthly Property Taxes: $476
Monthly Home Insurance: --

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Loan Term

Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% 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 Hermansville, MI

Average List Price ^$159,500

Percent of Sale Price 11%

About Hermansville, MI

922 Population

2% Since 2002

^$37,570 Median Income

47.75 Median Age

20% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3706035 Elementary School

3706061 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/6/2026	$180,000		Listed Price

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W5514 First Street, Hermansville, MI, 49847 is a Multi-Family Home for sale at $180,000 with 8,610 sqft and a lot size of 0.48. W5514 First Street has 14 bedrooms, 7.0 baths, and was built in 1930. The property's zip code is 49847 which is in Hermansville, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% 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.

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.

The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

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W5514 First Street

Multi-Family Home for sale in Hermansville, MI

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