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421 S Suffolk

Ironwood, MI 49938
  • $499,000
  • STATUS: Active
  • ON SITE: 60 Days
  • MLS #: 50211095
UPDATED: 64 min ago
$499,000
  • 16
    BEDS
  • 1.44
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
  • 7,182
    SQFT
  • $69
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1970
County:

School Ratings & Info

School District:

Description

Turnkey 8-Unit Apartment Investment with Garages & Prime Location This attractive investment package features eight well-maintained apartment units and eight garages, offering tenants convenience, privacy, and a desirable location close to recreation and downtown amenities. Each unit includes two bedrooms, one bathroom, a dedicated storage closet, and a private deck or patio overlooking a peaceful wooded area. Residents enjoy beautiful sunset views and a sense of seclusion that is rarely found this close to the city center. The building itself has a distinctive character, welcoming tenants with a unique split-level design and eye-catching architectural details, including stylish retro-inspired light fixtures that create a memorable first impression once you are in the doors. Additional amenities include coin-operated laundry facilities and dedicated garage spaces for each unit. Ownership currently covers water, sewer, garbage service, snow removal, and lawn care, while tenants pay their own electric service, which includes both electricity and heat, helping keep operating expenses manageable. Ideally situated across from the skate park, near multiple playgrounds, and just two blocks from the heart of downtown, this property offers convenient access to shopping, dining, entertainment, and community events. Combining strong tenant appeal, practical amenities, and an excellent location, this eight-unit property presents a compelling opportunity for investors seeking a stable and attractive multifamily asset.

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[MiRealSource] logo ©2026 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2026-08-11T14:54:54.597.
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421 S Suffolk Ironwood, MI 49938

  • Price: $499,000
  • Status: Active
  • On Site: 60 Days
  • Updated: 64 min ago
  • MLS #: 50211095
16
Beds
8
Baths
0
½ Baths
1.44
Acres
7,182
SQFT
$69
$/SQFT
1970
Built
Neighborhood:
None
County:
Gogebic
Area:
Ironwood (27006)
School District:
Ironwood Area Schools
Property Description
Turnkey 8-Unit Apartment Investment with Garages & Prime Location This attractive investment package features eight well-maintained apartment units and eight garages, offering tenants convenience, privacy, and a desirable location close to recreation and downtown amenities. Each unit includes two bedrooms, one bathroom, a dedicated storage closet, and a private deck or patio overlooking a peaceful wooded area. Residents enjoy beautiful sunset views and a sense of seclusion that is rarely found this close to the city center. The building itself has a distinctive character, welcoming tenants with a unique split-level design and eye-catching architectural details, including stylish retro-inspired light fixtures that create a memorable first impression once you are in the doors. Additional amenities include coin-operated laundry facilities and dedicated garage spaces for each unit. Ownership currently covers water, sewer, garbage service, snow removal, and lawn care, while tenants pay their own electric service, which includes both electricity and heat, helping keep operating expenses manageable. Ideally situated across from the skate park, near multiple playgrounds, and just two blocks from the heart of downtown, this property offers convenient access to shopping, dining, entertainment, and community events. Combining strong tenant appeal, practical amenities, and an excellent location, this eight-unit property presents a compelling opportunity for investors seeking a stable and attractive multifamily asset.
Exterior Features

Exterior Construction BrickWood Exterior Features DeckStorms/ScreensStreet LightsExterior BalconyGarden Area Foundation Type Slab Garage Type Detached Garage Location Main Street Lot Description ClearedSlopingTreed Lot Size 447x140 Parking 3 or More SpacesGarageUnassigned/General Roads City/CountyPaved StreetYear Round Structure Style Bi-Level Styles Split Level Water Features None Waterfront YN No

Interior Features

Appliances DryerRange/OvenRefrigeratorWasher Basement YN No Cooling System Ceiling Fan(s)Wall/Window A/C Fireplace YN No Fuel Type Electric Heating System BaseboardElectric Heat Interior Features Cathedral/Vaulted CeilingDSL AvailableWalk-In Closet Water Heater Electric

Property Features

Additional Documents YN No Assessments YN No Association Or Landlord Pays Lawn MaintenanceSnow RemovalTaxesTrash RemovalWater/Sewer Financial Terms CashConventional For Sale Or Rent For Sale Lease YN No Municipality Ironwood Municipality Type City Ownership Corporation Principal Res Exempt YN No Property Type Multi-Family Separate Electric YN Yes Separate Gas YN No Separate Heat YN Yes Separate Water YN No Sewer Septic Public Sanitary Sq Ft Source Assessors Data Subject To Short Sale Approval No Summer Tax Amount 7242.76 Summer Tax Year 2025 Total Tax Amount 7859.02 Total Tax Year 2025 Type Apartment Water Public Water Winter Tax Amount 616.26 Winter Tax Year 2025 Zoning Residential

Listing courtesy of THE REAL ESTATE STORE : 906-932-5406.

Source MLS: MiRealSource
Originating MLS: Upper Peninsula Assoc of Realtor

[MiRealSource] logoProvided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.


[MiRealSource] logo ©2026 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2026-08-11T14:54:54.597.
 
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5400 Gateway Center Ste B
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