1950 Presque Isle Ave Marquette, MI 49855
Property details
About 1950 Presque Isle Ave
Discover the perfect investment gem in the heart of Marquette! This impressive 52-unit apartment building is situated in an unbeatable location, just steps from NMU and the breathtaking Lake Superior. With low rents that are on the rise and a solid base of long-term tenants, there's immense potential for income growth. Boasting a remarkable 0% vacancy rate and a waiting list, this opportunity is truly extraordinary. The three-story building features charming top-floor units with fireplaces (non-working) and balconies, while the lower level is designed for accessibility, complete with a wheelchair ramp and three handicap apartments. A mix of 51 two-bedroom units generating rental income and a three-bedroom manager's unit, alongside a well-maintained infrastructure with a recent roof, freshly painted exterior, and added vinyl siding, this property is ready to shine. Additional perks include a manager's office, an attached workshop, and two sheds for lawn and snow maintenance equipment. Seize this exceptional opportunity and elevate your investment portfolio today!
Highlights
(Keep Showing-Contgcy Appl)
Summary
- Full Bathrooms: 52
- Appliances: Range, Oven, Refrigerator
- Basement: Yes
- Interior: Security System
- Total Bedroom Count: 105
- Parking: Permit Required, Unassigned/General, Lighted, Paved Driveway
- Waterfront: None
- Exterior: Wheelchair Access, Sidewalks, Storms/Screens, Street Lights, Exterior Balcony
- Architectural Style: Contemporary
- Heating: Steam, Hot Water
- Cooling: None
- List Price: $5,500,000
- Price/SqFt: $106
- Annual Tax Amount: $41,154
- Tax Year: 2024
- Directions: From Washington St., take Fourth St. which turns into Presque Isle. Building is on your right. Main door is in the back of the building.
- Year Built: 1977
- Stories: 2
- Living Area: 51,408 SqFt
- School District: Marquette Area School District
- Lot Size: 1.61 Acres
- MLS Number: 50162352
- MLS Name: Upper Peninsula Assoc of Realtors
- Office Name: SELECT REALTY
- Office Phone: (906) 228-2772
- Office Email: select@selectmqt.com
- Listing Agent: DARLENE MARTIN
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.
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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.
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Last updated on: 5/12/2025, 11:20:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$5,500,000
1950 Presque Isle Ave
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,196,600 | $41,154 |
| 2023 | $1,036,200 | $- |
| 2022 | $854,600 | $38,204 |
| 2021 | $847,000 | $35,324 |
| 2020 | $854,600 | $35,486 |
| 2019 | $643,500 | $1,532 |
| 2018 | $695,500 | $33,986 |
| 2017 | $663,700 | $33,866 |
History based on county public records data.
Nearby schools
7
Graveraet Elementary School
Public District KG-5
1.1 mi
•611 N Front St
8
Sandy Knoll School
Public District PK-5
1.2 mi
•401 N 6th St
6
Superior Hills Elementary School
Public District PK-5
2.4 mi
•1201 S McClellan Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $20,708. The majority of Marquette, MI residents have income less than $<35k annually. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
NBA/WNBA
Pro Wrestling
Soccer
Where do the neighbors shop?
Express/Express For Men
Burlington
Forever 21
Where do the neighbors go to eat?
Starbucks
Cicis Pizza
Dominos Pizza
What do the neighbors drive?
Pontiac
Mazda
Buick
What do the neighbors listen to?
Urban Contemporary
Rhythmic Contemporary Hits
Jazz
This home is located at 1950 Presque Isle Ave in Marquette, MI and zip code 49855. This 51,408 square foot home, which was built in 1977, sits on a 1.61 acre lot. Features: 105 bedrooms, 52 bathrooms. It has been listed on Rocket Homes since December 4, 2024 and is currently priced at $5,500,000.
Over 8 listings were sold over their listed price in April 2025 in Marquette, MI. In the same period over 3 listings were sold below the listed price and 1 listings were sold for the listed price. In April 2025 in Marquette, MI there were 18% more homes for sale than in March. In April 2025 median list price was $295,000 and the average listing age was 31 days.