827 & 831 S Stephenson Avenue Iron Mountain, MI $ 199,900
827 & 831 S Stephenson Avenue
$ 199,900
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827 & 831 S Stephenson Avenue

Iron Mountain, MI, 49801
$ 199,900
Bedrooms4 Baths4.0 Sq 2,142

Monthly Estimate*

$ 1,262

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Multi-Family Home for sale in Iron Mountain, MI

for $199,900 with 4 bedrooms and 4 full baths. This 2,142 square foot home was built in 1916 on a lot size of 0.27.

Two Homes, One Incredible Investment Opportunity! 827 & 831 S Stephenson Ave are being sold together for price listed, offering exceptional income potential and endless possibilities for investors or owner-occupants alike. Both 827 and 831 feature upper and lower 1 bed, 1 bath units. At 831, the lower unit is currently being used as a business space. Together, these properties provide multiple sources of rental income and flexible options for investors or owner-occupants. Whether you’re looking to expand your portfolio, live in one unit while generating income from the others, or maximize cash flow with mixed-use potential, this unique package is full of opportunity.

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Multi-Family Active

Price

$ 199,900

Bedrooms

4

Full Bath

4

Property Type

Multi-Family

Taxes

$ 4,721

Style

Split Level

Lot Size

0.27

Year Built

1916

Town/City

Iron Mountain

County/Region

Dickinson

MLS | Web ID

50208093

Features
General
Heating Forced Air
Cooling Ceiling Fan(s)
Possession Subject To Tenant Rights
Water Public Water
Appliances Range/Oven Refrigerator
Status Active Active
Full Baths 4
Half Baths 0
Bathrooms 4
Year Built 1916
Parking 3 or More Spaces Paved Driveway
Subdivision Spies & Jenkins 1st Add MI
Water Heater Electric
Style Split Level
County Dickinson
Class MULTIFAMILY
Type Multi-Family
Ownership Private
Municipality Iron Mountain
Sale/Rent For Sale
Status Detail 0
Utilities Cable Available Internet DSL Available Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Structure Style 2 Story
Area Iron Mountain (22007)
Primary City Iron Mountain
Location Main Street
Directions Homes are located on S Stephenson Ave.
City Iron Mountain
School District Iron Mountain City School Distri
Financial Terms Cash Conventional Conventional Blend
Legal Description IM-4298 LOT 3 BLOCK 2 SPIES & JENKINS 1ST ADDITION IM- 4299 LOT 4 BLOCK 2 SPIES & JENKINS 1ST ADDITION
DOM 66
Postal Code 49801
Price Per Sq Ft Total AG 93.32
Public Remarks Two Homes One Incredible Investment Opportunity! 827 & 831 S Stephenson Ave are being sold together for price listed
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Interior
Basement Block Stone
Beds 4
Fireplace? No
Total Number of Units 2
Fuel Type Natural Gas
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Exterior
Exterior Cedar Vinyl Siding
Exterior Amenities Sidewalks Exterior Balcony
Lot Size Area 0.27
Lot Dimensions 100x237
Water Features None
Roads City/County
Waterfront Y/N No
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* Excluded Features
List By
THOMAS MINER

Listing Agent

Multi State Realty

Broker

tommy@multistatewide.com

Email

Affordability Calculator

$1,656
Per Month
76%
24%
0%
Monthly Principal & Interest
$1,262
Monthly Property Taxes
$393
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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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THE TIME TO SELL IS NOW! What's my home worth?
Nearby
3701306 Elementary School
3701270 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/24/2026$199,900 -6.06% Price Down
5/19/2026$212,800 Listed Price

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827 & 831 S Stephenson Avenue, Iron Mountain, MI, 49801 is a Multi-Family Home for sale at $199,900 with 2,142 sqft and a lot size of 0.27. 827 & 831 S Stephenson Avenue has 4 bedrooms, 4.0 baths, and was built in 1916. The property's zip code is 49801 which is in Iron Mountain, MI