The size of this property and its units is a great indicator of what a massive opportunity this is! This four-unit home in the City of Negaunee has been in the same family for decades and has been well cared-for, but is ready to have some new life breathed into it by its next owners. The units are a spacious 1200 sqft each, two with three bedrooms and two with two bedrooms. Three of the units could be considered move-in ready; the two upper units have been recently updated while the two lower units could use some sprucing up and modernizing, unless you're seeking that vintage look! The home has a spacious full basement for additional storage and oversized access doors to help with moving things in and out. The current tenants are on month-to-month leases. The two car garage rounds out the features of the property, and its location is easily accessible in residential Negaunee with an alley running behind the home. This could be a fantastic, income-generating property for those looking for a rewarding project! See agent remarks for breakdown of utility meter separation.
Fantastic investment or owner-occupied duplex in the city of Negaunee, conveniently located near downtown, parks, and the Iron Ore Heritage Trail. Newly installed roof (May 2026) and new kitchen flooring in Unit 2 (May 2026). Both spacious units offer a 2 bedroom, 2 bathroom layout with private entrances, natural gas radiant space heating, and the potential for a 3rd bedroom in each unit. The lower unit includes convenient in-unit laundry. The upper unit features a private balcony off the living room, a dedicated storage room at the top of the stairs, and attic access offering great potential for future expansion or additional storage. Exterior features include a one-car garage and a large paved driveway with enough space for 6 cars. A highly versatile property in a great location with major updates already completed. 24 hour notice for all showings. Any/all offers due by Tuesday, May 26th at noon.
Negaunee is located in Michigan. Negaunee, Michigan has a population of 4,657. Negaunee is more family-centric than the surrounding county with 38.57% of the households containing married families with children. The county average for households married with children is 26.28%.
The median household income in Negaunee, Michigan is $57,145. The median household income for the surrounding county is $57,981 compared to the national median of $69,021. The median age of people living in Negaunee is 38.2 years.
The average high temperature in July is 77.5 degrees, with an average low temperature in January of 4.1 degrees. The average rainfall is approximately 32.5 inches per year, with 157.3 inches of snow per year.
