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403 N Main, Ishpeming, MI 49849

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For Sale

$338,000

7 beds • 5 baths • 3,142 sqft

Estimated Payment

$ 2,321 /mo. †

6.67% APR for 30 yrs.
$6,974 in taxes
Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $107.57
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

Here is an extraordinary opportunity to invest in a 5-plex apartment! Centrally located in an excellent spot in a good neighborhood, this historic multiplex sits atop a hill, a few blocks from downtown Ishpeming. This is an established rental with a proven track record for high occupancy rates. Currently, all units are rented out. Leases are month to month and the tenants are communicative and cooperative. See associated documents for Cubi Casa measurements for each apartment and the basement. This historic home is solid with a well-maintained utility system and good bones. The roof is BRAND NEW, installed in 2023 ($70,000 value)! Shared laundry facilities are located in the basement. There are also storage cages for each unit on the opposite end of the laundry facility. Across the street is the Ishpeming Carnegie Library and the historic Mather Inn! Just a short walk from downtown (literally two blocks away), with access to Jim's Jubilee Foods, various restaurants, bars, shops, and churches. Lake Bancroft & the Ishpeming playgrounds are just another few blocks away. Rents are as follows: Unit 1: $700 rent/mo., tenant pays electric, Unit 2: $700 rent/mo., tenant pays electric, Unit 3: $750 rent/mo., tenants pay electric, Unit 4: $700 rent/mo., tenants pay electric, Unit 5: $600 rent/mo. Seller pays all utilities, EXCEPT for electricity in apartments #1-4. Seller pays ALL utilities for apartment #5. To gauge expenses, utilities are, on average, $700/mo. and add more for the winter months. All bathrooms are full except for apartment 5, which has a shower instead of a bathtub. Fireplaces in apartments 2, 3, 4 and 5 are not in working condition. Apartment 5 includes a space heater. RENTS TO INCREASE DEC. 1, 2024: APT. 1: $750, APT. 2: $775, APT. 3: $825, APT. 4: $775, APT. 5: $650.
MLS# 50150145

Courtesy Of Select Realty
1901 West Ridge, Marquette, MI 49855
(906) 228-2772

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Porch
  • Appliances
    Dryer, Range, Refrigerator
  • Architecture Style
    Other
  • Exterior Type
    Vinyl Siding
  • Fireplace
    Fireplace
  • Heating System
    Fireplace, Hot Water
  • Lot Size
    0.14 Acres
  • Rooms
    Basement

Map and Directions

Directions to 403 N Main, Ishpeming, MI 49849

Home seller CENTURY 21 Prime Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Prime Realty

(906) 228-5230
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Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $1,739
  • Property Taxes
    $581
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $2,321

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Birchview School

Grades PK-4 Public School

Ishpeming, MI 49849 1.4 miles
663 poplar st

243 total students
13:1 Student teacher ratio

School Rating: C

School Details

Ishpeming Middle School

Grades 5-8 Public School

Ishpeming, MI 49849 0.3 miles
324 e pearl st

188 total students
18:1 Student teacher ratio

School Rating: B

School Details

Ishpeming High School

Grades 9-12 Public School

Ishpeming, MI 49849 0.3 miles
319 e division st

219 total students
20:1 Student teacher ratio

School Rating: A

School Details
Other Nearby Schools Distance Type Grades School Rating
Negaunee High School 2.6 miles Public 9-12 A
Westwood High School 2.7 miles Public 9-12 B+
Aspen Ridge Elementary School 2.9 miles Public KG-8 C+
Negaunee Middle School 2.9 miles Public 5-8 B
Ishpemingnegauneenice Community Education Division 2.9 miles Public 7-12 C+
Lakeview School 3.2 miles Public PK-4 B

Negaunee High School

Distance: 2.6 miles

Type Public

Grades: 9-12

A

Westwood High School

Distance: 2.7 miles

Type Public

Grades: 9-12

B+

Aspen Ridge Elementary School

Distance: 2.9 miles

Type Public

Grades: KG-8

C+

Negaunee Middle School

Distance: 2.9 miles

Type Public

Grades: 5-8

B

Ishpemingnegauneenice Community Education Division

Distance: 2.9 miles

Type Public

Grades: 7-12

C+

Lakeview School

Distance: 3.2 miles

Type Public

Grades: PK-4

B

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Ishpeming, MI 49849

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Ishpeming, MI 49849

This community’s employment is highest in the food and administrative support industries. The area’s overall household expenses are above the national average.

78° July
Hottest Average Month
3° January
Coldest Average Month
5,552 Total Households in Area
1.8% Increase in population since the year 2010
27%
of households
have children
24 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Ishpeming, MI 49849

Ishpeming, MI 49849 has a population of 12,527 people in 5,552 households with a median age of 43.1 years old.

1.8%
Increase in population
since the year 2010
Population is Trending up
5,225
Total households as of 2010
9.2%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 43.1 years old. The smallest percentage group is 55-64 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 93%
Native American 1%
Hispanic 1%
Other <1%
Black <1%
Asian <1%
The most prevalent ethnicity is White at 93%, followed by Native American at 1%, Hispanic at 1%, and Other at <1%.

Economics
for Ishpeming, MI 49849

37 /sq mi
Population Density
$63,455 /yr
Median Household Income
$0
Median Sales Price
24 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $50-74,999k representing 19.14% of the households.

Transportation to Work

  • Drive 91%
  • Work from Home 5%
  • Walk or Bike 3%
  • Public Transit 0%

Occupancy by Type

Owned 4,504 69%
Rented 1,048 16%
Vacant 1,009 15%

White vs Blue Collar Jobs







White Collar 63%
Blue Collar 37%

Family & Education Facts
for Ishpeming, MI 49849

43.1 Median Age

Average Household Size

2.2
persons per
household

51.5%

Married Households

Community Population By Education

High School Graduate 33%
Some College 25%
Bachelors Degree 19%
Associates Degree 11%
Graduate Degree 8%
Some High School 5%
Of the total people surveyed, the most prevalent educational attainment level is High School Graduate, representing 33.12% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
27% of households have children

Weather
for Ishpeming, MI 49849

The weather for this area ranges from a high of 78° F in July to a low of 3° F in January

78° July
Hottest Average Month
3° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
3°
22°
Feb
4°
27°
Mar
13°
37°
Apr
26°
51°
May
38°
65°
Jun
47°
74°
Jul
52°
78°
Aug
51°
76°
Sep
43°
67°
Oct
34°
55°
Nov
22°
38°
Dec
10°
26°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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Copyright © 2025 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. Information being provided is 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 being provided is 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.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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