5216 E Sunset Road
Ironwood, MI, 49938 $ 334,990
Bedrooms9 Baths4.0 Sq 2,432 Monthly Estimate*
$ 2,115
for $334,990 with 9 bedrooms and 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 youâre 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.
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FeaturesGeneralHeating Forced Air
Cooling Wall/Window A/C
Possession Other (Possession)
Garage Attached Garage Detached Garage Off Street
Water Public Water
Appliances Range/Oven Refrigerator
Status Active Active
Full Baths 4
Half Baths 0
Bathrooms 4
Year Built 1937
Parking 3 or More Spaces Garage
Subdivision Ironwood Homesteads
County Gogebic
Class MULTIFAMILY
Type Multi-Family
Ownership LLC
Municipality Ironwood Twp
Zoning Residential
Sale/Rent For Sale
Status Detail 0
Structure Style 2 Story
Area Ironwood Twp (27005)
City Ironwood
School District Ironwood Area Schools
Financial Terms Conventional FHA VA
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/
DOM 47
Price Per Sq Ft Total AG 137.74
Public Remarks Rare opportunity to own four side-by-side residences on approximately 1.75 acres in Ironwood
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InteriorBasement Block
Beds 9
Fireplace? No
Total Number of Units 4
Fuel Type Natural Gas
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ExteriorExterior Brick
Lot Size Area 1.73
Lot Dimensions 75359
Roads City/County
Waterfront Y/N No
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* 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.
3701297 Elementary School
3701294 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 |