About This Home

This 7-bedroom, 3-bathroom residential multi family at 509 S 1st Avenue #511 S 1St Ave in Escanaba, MI is listed for $140,000 ($48 per sqft). Built in 1902, the home offers 2,922 sqft of living space on a 0.18 acres lot.

Key Features

  • Built in 1902
  • 0.18 acre lot
  • 2 stories
  • Fireplace

Property Details

2 stories
3 full
2-car garage
#511 S 1St Ave
1902

Amenities

Fireplace
Listing Description

Investor special near the lake- Two homes on one property! Just minutes from the shores of Lake Michigan, this property features two separate homes on one parcel. Offering incredible potential for investors, rental income, or live-in-one, rent-the-other setup.

The first home (509) offers 4 bedrooms and 2 bathrooms, while the second (511) provides 3 bedrooms and 1 bathroom. Giving you a total of 7 bedrooms and 3 bathrooms across both residences. The possibilities are endless for the buyer with a vision. Whether you're looking to build equity or add to your portfolio. This property also boasts a fenced in yard with a 2-car garage generally shared with both tenants.

Monthly Cost Estimate

$749/mo

20% down · 6.5% · 30 years

Principal$101
Interest$607
Insurance$41

Estimates only. Actual payments may vary.

Location

509 S 1st Avenue #511 S 1St Ave

Escanaba, MI 49829

Features & Amenities

Exterior Features

Fenced YardSidewalksStreet Lights

Property Details

Parking

On StreetGarage

Heating

Forced Air

Cooling

Ceiling Fan(s)

Appliances

DishwasherRange/OvenRefrigeratorWasher

Questions & Answers

This 7-bedroom, 3-bathroom residential multi family at 509 S 1st Avenue is listed at $140,000 ($48/sqft). The estimated monthly payment is $749 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1902, 0.18 acre lot, 2 stories, Fireplace. Exterior Features: Fenced Yard, Sidewalks, Street Lights.

This property is listed by AMBER GUTIERREZ.

AG

AMBER GUTIERREZ

Agent at Premier Real Estate Inc

Listed by Premier Real Estate Inc · Broker phone: (906) 786-5030 · View on Broker Site · Broker website

MLS# 50210540· Source: Upper Peninsula Association of Realtors· 142 days on PropertySimple

Copyright © 2026 Upper Peninsula Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

509 S 1st Avenue #511 S 1St Ave, Escanaba, MI 49829

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