421 S Suffolk Street
Ironwood, MI, 49938 $ 499,000
Bedrooms16 Baths8.0 Sq 7,182 Monthly Estimate*
$ 3,072
for $499,000 with 16 bedrooms and 8 full baths. This 7,182 square foot home was built in 1970 on a lot size of 1.44.
Turnkey 8-Unit Apartment Investment with Garages & Prime Location This attractive investment package features eight well-maintained apartment units and eight garages, offering tenants convenience, privacy, and a desirable location close to recreation and downtown amenities. Each unit includes two bedrooms, one bathroom, a dedicated storage closet, and a private deck or patio overlooking a peaceful wooded area. Residents enjoy beautiful sunset views and a sense of seclusion that is rarely found this close to the city center. The building itself has a distinctive character, welcoming tenants with a unique split-level design and eye-catching architectural details, including stylish retro-inspired light fixtures that create a memorable first impression once you are in the doors. Additional amenities include coin-operated laundry facilities and dedicated garage spaces for each unit. Ownership currently covers water, sewer, garbage service, snow removal, and lawn care, while tenants pay their own electric service, which includes both electricity and heat, helping keep operating expenses manageable. Ideally situated across from the skate park, near multiple playgrounds, and just two blocks from the heart of downtown, this property offers convenient access to shopping, dining, entertainment, and community events. Combining strong tenant appeal, practical amenities, and an excellent location, this eight-unit property presents a compelling opportunity for investors seeking a stable and attractive multifamily asset.
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FeaturesInteriorInterior Amenities Cathedral/Vaulted Ceiling DSL Available Walk-In Closet
Beds 16
Fireplace? No
Total Number of Units 8
Fuel Type Electric
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GeneralHeating Baseboard Electric Heat
Cooling Ceiling Fan(s) Wall/Window A/C
Possession At Close
Garage Detached Garage
Zoning R-2 Residential
Water Public Water
Appliances Dryer Range/Oven Refrigerator Washer
Status Active Active
Full Baths 8
Half Baths 0
Bathrooms 8
Year Built 1970
Parking 3 or More Spaces Garage Unassigned/General
Subdivision None MI
Water Heater Electric
Style Split Level
County Gogebic
Class MULTIFAMILY
Type Multi-Family
Ownership Corporation
Municipality Ironwood
Electric 200+ Amp Service Circuit Breakers
Sale/Rent For Sale
Status Detail 0
Utilities Cable Connected Electricity Connected Natural Gas Available Phone Available Phone Connected Sewer Connected Water Connected Hard Lined Internet Internet Spectrum
Structure Style Bi-Level
Area Ironwood (27006)
Primary City Ironwood
Location Main Street
Directions US 2 west to Douglas Blvd (Business US2) Turn south on Douglas and follow through the S curve into the downtown area. Douglass turns intoSuffolk Street. Pass 4 blocks and the property is on the right
City Ironwood
School District Ironwood Area Schools
Financial Terms Cash Conventional
Legal Description Please see file.
DOM 11
Postal Code 49938
Price Per Sq Ft Total AG 69.48
Public Remarks Turnkey 8-Unit Apartment Investment with Garages & Prime Location This attractive investment package features eight well-maintained apartment units and eight garages offering tenants convenience
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ExteriorExterior Brick Wood
Exterior Amenities Deck Storms/Screens Street Lights Exterior Balcony Garden Area
Lot Size Area 1.44
Lot Dimensions 447x140
Lot Description Cleared Sloping Treed
Water Features None
Roads City/County Paved Street Year Round
Waterfront Y/N No
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* Excluded FeaturesList ByELLEN WYSSLINGListing Agent
The Real Estate StoreBroker
ellenwyssling@hotmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,072
- Monthly Property Taxes
- $655
- Monthly 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.
Learn more about how to save NearbyMulti-family listings in Ironwood, MI
Average List Price $355,820
Percent of Sale Price 29%
About Ironwood, MI 4,998 Population
-20% Since 2002
$ 28,589 Median Income
44.88 Median Age
18% Households with Children
Trends Information provided by ATTOM Data Solutions.
3701297 Elementary School
3701294 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/11/2026 | $499,000 | | Listed Price |