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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Multi Family Investment Properties for Sale in Ishpeming, MI

Rental Income
$ 162,500
ROI
26.5
Cash Flow/m
306- 4 Bed
- 2 Bath
- 1711 sft
708 Bank St, Ishpeming, MI, 49849

$ 144,900
ROI
31.8
Cash Flow/m
486- 2 Bed
- 2 Bath
- 1455 sft
129 W Superior St, Ishpeming, MI, 49849

$ 159,900
ROI
36.9
Cash Flow/m
761- 3 Bed
- 2 Bath
- 1767 sft
630 Wabash St, Ishpeming, MI, 49849

Currently Rented
Fix & Flip
Rental Income
$ 165,000
ROI
31.0
Cash Flow/m
516- 6 Bed
- 3 Bath
- 2621 sft
635 N 5th St, Ishpeming, MI, 49849
Why Invest in Ishpeming, Michigan?
Investing in multi-family properties in Ishpeming, MI offers attractive opportunities due to steady appreciation and a healthy rental yield. The average cash flow and cap rate in this market provide a reliable income stream for investors. With a growing renter-occupied population, demand for multi-family housing remains consistent. Median rent prices support solid returns, making Ishpeming a prudent choice for diversified real estate portfolios.
7.5%
Avg. ROI
6%
Rental Yield
6.5%
Cap Rate
$8000/mo
Avg. Cash Flow
$900/mo
Avg. Rent
2%
1Y Appreciation
Frequently Asked Questions
The average rental yield for multi-family properties in Ishpeming is approximately 6.0%, providing stable income for investors.
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