5216 E Sunset Road
Ironwood, MI, 49938 $ 334,990
Baths4.0 Sq 2,432 Monthly Estimate*
$ 2,115
Studio for $334,990 with 4 full baths. This 2,432 square foot home was built in 1937 on a lot size of 1.73.
Rare opportunity to own four side-by-side residences on approximately 1.75 acres in Ironwood, with each home already separately deeded and located on its own tax parcel. Whether you're looking to expand your investment portfolio, occupy the spacious 3-bedroom end unit while generating rental income from the others, or own a Northwoods getaway with built-in income potential, this property offers flexibility that is rarely available. Purchase all four as a package, or take advantage of the fact that each residence is already separately deeded on its own tax parcel, creating uncommon flexibility for future ownership strategies, subject to applicable municipal, financing, insurance, and utility requirements. The property includes three 2-bedroom, 1-bath units, each with a private basement, laundry hookups, a one-car garage, and a dedicated driveway. The larger end unit offers 3 bedrooms, 1 bathroom, a private basement with laundry hookups, a detached 2-car garage, and an additional storage shed. Property features include a newer roof, updated flooring, durable block construction, vinyl windows, public water and sewer, exterior repainting completed approximately three years ago, separate off-street parking, and excellent separation between the units. Tenants currently pay gas, electric, water/sewer, and trash, while the owner handles lawn care and snow removal. Located within easy driving distance of Big Powderhorn Mountain, Blackjack Mountain, Indianhead Mountain, Lake Superior, and extensive snowmobile and ATV trail systems, the property is attractive not only as an investment but also as a year-round recreational retreat with income-producing potential.
See more
FeaturesGeneralSewer PublicSewer
Heating ForcedAir NaturalGas SeparateMeters
Cooling WallWindowUnits
Possession Other
Appliances Oven Refrigerator Range
Garage Spaces 5.0
Construction Materials Brick
Year Built 1937
Levels Two
Property Subtype MultiFamily
County Gogebic
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name IRONWOOD HOMESTEADS
Garage Y/N N
Full Baths 4
Status Active
City IronwoodCharterTownship_Gogebic
Disclosures TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Ironwood
Zoning Description Residential
Number Of Units Total 4
MLS Area Area27011IronwoodTwp
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 5843.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Ownership Type LLC
Legal Description SEC. 02 T47N R47W MAP NO. P48 LOT 101. WEST 73.43 FT; THENCE NORTH 394 FT; THENCE EAST 44.56 FT; THENCE SOUTH 264 FT; THENCE EAST 29 FT AND SOUTH 130 FT OF LOT 101 OF IRONWOOD HOMESTEADS. 655/226 667
See more
InteriorBasement Block
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 2432.0
Total Bedrooms 9
Above Grade Finished Area Source PublicRecords
Above Grade Finished Area Unit Type SquareFeet
Total Baths 4
See more
ExteriorParking Features Assigned2Spaces FiveCarGarage Attached Detached Garage OffStreet
Water Source Public
Foundation Details Basement Block
Spa N
Lot Dimensions 75359
Lot Size Acres 1.73
Waterfront Y/N N
Crops Included Y/N N
Road Responsibility PublicMaintainedRoad
Horse Y/N N
Irrigation Water Rights Y/N N
See more
* Excluded FeaturesList ByJonathan MinerickListing Agent
Affordability Calculator
- Monthly Principal & Interest
- $2,115
- Monthly Property Taxes
- $487
- 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.
Learn more about how to save NearbyMulti-family listings in Ironwood, MI
Average List Price $389,929
Percent of Sale Price 16%
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.
5401560 Elementary School
5401561 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/28/2026 | $334,990 | -4.01% | Price Down |
| 7/10/2026 | $348,990 | | Listed Price |