Listing provided courtesy of THE REAL ESTATE STORE- MLS# 50211095MLS Provider

421 S Suffolk StreetIronwood, MI 49938

Multi-Family · 16 Beds · 8 Full Baths · 7,182 Sq. ft. | 1.44 Acres
$499,000 Active

421 S Suffolk Street Overview

Time on Site:
18 days
Visits:
8

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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421 S Suffolk Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 7,182
  • Price/Sq.ft. $69
  • Lot 1.44 Acres

Details

General

Building Information

  • Separate Electric: Yes
  • Separate Gas: No
  • Separate Heat: Yes
  • Separate Water: No
  • Year Built: 1970

Location/Region

  • County Or Parish: Gogebic
  • LOCATION: Main Street
  • MLS Area Minor: Ironwood (27006)
  • Municipality: Ironwood
  • Subdivision Name: None

Parking Information

  • GARAGE TYPE: Detached Garage

Tax Information

  • Summer Tax: 7242.76
  • Summer Tax Year: 2025
  • Tax Annual Amount: $7,859.02
  • Tax Year: 2025
  • Winter Tax: 616.26
  • Winter Tax Year: 2025

General Information

  • FUEL TYPE: Electric
  • Ownership: Corporation
  • Property Sub Type: Apartment
  • Property Type: MULTIFAMILY
  • Special Listing Conditions: Standard
  • STYLES: Split Level
  • Zoning: Residential

Interior

Parking Information

  • Garage Spaces: 8

Beds/Baths

  • Bathrooms Full: 8
  • Bathrooms Partial: 0
  • Bathrooms Total: 8
  • Bedrooms Total: 16

Building Interior

  • WATER HEATER: Electric

General Information

  • Appliances: Dryer, Range/Oven, Refrigerator, Washer
  • Basement: No
  • Cooling: Ceiling Fan(s), Wall/Window A/C
  • Electric: 200+ Amp Service, Circuit Breakers
  • Fireplace: No
  • Foundation Details: Slab
  • Heating: Baseboard, Electric Heat
  • Interior Features: Cathedral/Vaulted Ceiling, DSL Available, Walk-In Closet
  • Living Area: 7182
  • Living Area Source: Assessors Data

Exterior

Parking Information

  • Parking Features: 3 or More Spaces, Garage, Unassigned/General

Lot Information

  • Lot Features: Cleared, Sloping, Treed
  • Lot Size Acres: 1.44
  • Lot Size Area: 447x140
  • Water Source: Public Water

Waterfront/View

  • Waterfront Features: None
  • Waterfront: No

Building Exterior/Construction

  • Architectural Style: Bi-Level
  • Construction Materials: Brick, Wood
  • ROADS: City/County, Paved Street, Year Round

General Information

  • Exterior Features: Deck, Storms/Screens, Street Lights, Exterior Balcony, Garden Area
  • Sewer: Public Sanitary
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Available, Phone Available, Phone Connected, Sewer Connected, Water Connected, Hard Lined Internet, Internet Spectrum

421 S Suffolk Street Neighborhood

Community

49938 (Ironwood) Demographics

51
Median Age
29
Population Density (per sq. mile)
37%
College Educated
$36,994
Estimated Median Income
2,736
Estimated Total Home Owners
1,031
Estimated Total Renters
73% / 27%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

421 S Suffolk Street Market Data

Based on the last 30 days in this zip code

$244,337
Average List Price
$123
Average Price per Square Foot
9
Properties Sold
87
Average Days on Market
104
Properties for Sale
Calculations provided by Reliance Network

421 S Suffolk Street History

Date Event Value Agent
6/11/2026Source: Upper Peninsula MLS Added to Database
June 11, 2026
6/3/2026Source: Upper Peninsula MLS Added to Database
June 03, 2026