831 S Stephenson Avenue Iron Mountain, MI ^$ 212,800

831 S Stephenson Avenue

^$ 212,800

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Recently Listed

831 S Stephenson Avenue

Iron Mountain, MI, 49801

^$ 212,800

Bedrooms2 Baths2.0 Sq 1,050

Monthly Estimate*

^$ 1,310

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Multi-Family Home for sale in Iron Mountain, MI

for $212,800 with 2 bedrooms and 2 full baths. This 1,050 square foot home was built in 1887 on a lot size of 0.13.

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. Situated on separate parcels, these properties feature multiple income-producing units with a shared driveway. 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 youâre 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.

Multi-Family Active

Price

^$ 212,800

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 2,497

Style

Lot Size

0.13

Year Built

1887

Town/City

Iron Mountain

County/Region

Dickinson

MLS | Web ID

50208094

Features

General

Heating Forced Air

Possession Subject To Tenant Rights

Water Public Water

Status Active Active

Full Baths 2

Half Baths 0

Bathrooms 2

Year Built 1887

Subdivision Spies & Jenkins 1st Add MI

County Dickinson

Class MULTIFAMILY

Type Multi-Family

Ownership Private

Municipality Iron Mountain

Sale/Rent For Sale

Status Detail 0

Structure Style 2 Story

Area Iron Mountain (22007)

Primary City Iron Mountain

Directions Home is located on S Stephenson Ave.

City Iron Mountain

School District Iron Mountain City School Distri

Financial Terms Cash Conventional Conventional Blend

Legal Description IM- 4299 LOT 4 BLOCK 2 SPIES & JENKINS 1ST ADDITION

DOM 2

Postal Code 49801

Price Per Sq Ft Total AG 202.67

Public Remarks Two Homes One Incredible Investment Opportunity! 827 & 831 S Stephenson Ave are being sold together for price listed

Interior

Beds 2

Fireplace? No

Total Number of Units 2

Fuel Type Natural Gas

Exterior

Lot Size Area 0.13

Lot Dimensions 50x117

Water Features None

Roads City/County

Waterfront Y/N No

* Excluded Features

List By

THOMAS MINER

Listing Agent

Multi State Realty

Broker

tommy@multistatewide.com

Affordability Calculator

$1,518

Per Month

Monthly Principal & Interest: $1,310
Monthly Property Taxes: $208
Monthly Home Insurance: --

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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 Iron Mountain, MI

Average List Price ^$177,450

Percent of Sale Price 17%

About Iron Mountain, MI

7,748 Population

-7% Since 2002

^$38,782 Median Income

43.87 Median Age

24% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3701306 Elementary School

3701270 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/19/2026	$212,800		Listed Price

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831 S Stephenson Avenue, Iron Mountain, MI, 49801 is a Multi-Family Home for sale at $212,800 with 1,050 sqft and a lot size of 0.13. 831 S Stephenson 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

*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.

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831 S Stephenson Avenue

Multi-Family Home for sale in Iron Mountain, MI

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