About This Home

This 4-bedroom, 4-bathroom residential multi family at 827 & 831 S Stephenson Avenue in Iron Mountain, MI is listed for $199,900 ($93 per sqft). Built in 1916, the home offers 2,142 sqft of living space on a 0.27 acres lot.

Key Features

  • Built in 1916
  • 0.27 acre lot
  • 2 stories

Property Details

2 stories
4 full
1916
Listing Description

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. 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 you're 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.

Monthly Cost Estimate

$1,069/mo

20% down · 6.5% · 30 years

Principal$145
Interest$866
Insurance$58

Estimates only. Actual payments may vary.

Location

827 & 831 S Stephenson Avenue

Iron Mountain, MI 49801

Spies & Jenkins 1st Add

Features & Amenities

Exterior Features

SidewalksExterior Balcony

Property Details

Parking

Driveway

Heating

Forced Air

Cooling

Ceiling Fan(s)

Appliances

Range/OvenRefrigerator

Questions & Answers

This 4-bedroom, 4-bathroom residential multi family at 827 & 831 S Stephenson Avenue is listed at $199,900 ($93/sqft). The estimated monthly payment is $1,069 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1916, 0.27 acre lot, 2 stories. Exterior Features: Sidewalks, Exterior Balcony.

This property is listed by THOMAS MINER.

TM

THOMAS MINER

Agent at MULTI STATE WIDE REAL ESTATE, LLC

Listed by MULTI STATE WIDE REAL ESTATE, LLC · Broker phone: 9062822525 · View on Broker Site

MLS# 50208093· Source: Upper Peninsula Association of Realtors· 165 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.

827 & 831 S Stephenson Avenue, Iron Mountain, MI 49801

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