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827 & 831 S Stephenson

Iron Mountain, MI 49801
  • $199,900
  • STATUS: Active
  • ON SITE: 91 Days
  • MLS #: 50208093
UPDATED: 94 min ago
$199,900
  • 4
    BEDS
  • 0.27
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,142
    SQFT
  • $93
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1916
County:

School Ratings & Info

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.

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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: 2026-08-18T23:50:24.207.
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827 & 831 S Stephenson Iron Mountain, MI 49801

  • Price: $199,900
  • Status: Active
  • On Site: 91 Days
  • Updated: 94 min ago
  • MLS #: 50208093
4
Beds
4
Baths
0
½ Baths
0.27
Acres
2,142
SQFT
$93
$/SQFT
1916
Built
Neighborhood:
Spies & Jenkins 1st Add
County:
Dickinson
Area:
Iron Mountain (22007)
School District:
Iron Mountain City School Distri
Property 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.
Exterior Features

Exterior Construction CedarVinyl Siding Exterior Features SidewalksExterior Balcony Foundation Type Basement Location Main Street Lot Size 100x237 Parking 3 or More SpacesPaved Driveway Roads City/County Structure Style 2 Story Styles Split Level Water Features None Waterfront YN No

Interior Features

Appliances Range/OvenRefrigerator Basement Type BlockStone Basement YN Yes Cooling System Ceiling Fan(s) Fireplace YN No Fuel Type Natural Gas Heating System Forced Air Water Heater Electric

Property Features

Additional Documents YN No Assessments YN No Financial Terms CashConventionalConventional Blend For Sale Or Rent For Sale Lease YN No Municipality Iron Mountain Municipality Type City Ownership Private Principal Res Exempt YN No Property Type Multi-Family Separate Electric YN Yes Separate Gas YN Yes Separate Heat YN Yes Separate Water YN Yes Sewer Septic Public Sanitary Sq Ft Source Measured Subject To Short Sale Approval No Summer Tax Amount 3620.04 Summer Tax Year 2025 Total Tax Amount 4721.82 Total Tax Year 2025 Unit1 Occupied YN Yes Unit1 Rent Rate 575 Unit2 Occupied YN No Water Public Water Winter Tax Amount 1101.78 Winter Tax Year 2025

Listing courtesy of MULTI STATE REALTY : 906-828-2525.

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: 2026-08-18T23:50:24.207.
 
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