$1,888

closing credit¹

514-516 S 15th St Escanaba, MI 49829

$159,000
4 beds
2 full
1,345 sqft
0.1 acres
$118 / sqft
Multi-Family

Property details

About 514-516 S 15th St

This multi-family property offers two separate houses on one lot, presenting a great investment opportunity! Both homes come with chain link fenced-in yards, providing privacy and outdoor space for tenants and including separate off street parking areas. Each tenant pays their own utilities, simplifying management. The home in front has a metal roof and the upstairs has potential to be turned into a 3rd rental unit. Both houses have a full basement with laundry hook ups. The property is ideally located near schools and just a short distance from the bustling downtown area, making it convenient for shopping, dining, and entertainment. Whether you're looking for a long-term investment or live in one & rent the other, this property has the potential to deliver strong returns. Don’t miss out on this opportunity, schedule a showing today!

Highlights

Home typeMulti Family
HeatingForced Air
StatusActive
CoolingCeiling Fan(s)
Size1,345 sqft
BasementYes
Lot size0.15 Acres
Year built1902
MLS #50154827

Summary

  • MLS Number: 50154827
  • MLS Name: Upper Peninsula Assoc of Realtors
  • Office Name: KEY REALTY DELTA COUNTY LLC
  • Office Phone: (906) 233-7455
  • Office Email: jamie@keyrealtydeltacounty.com
  • Listing Agent: KYLE SOLIS

IDX Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.

Copyright 2025 MiRealSource. All rights reserved. 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.

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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/5/2025, 12:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of front of house featuring a front lawn

$159,000

514-516 S 15th St

$1,888

closing credit¹

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Price information

Property sales

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Tax history

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Nearby schools

5

Escanaba Upper Elementary School

Public District 3-5

1.3 mi

1500 Ludington St

5

James T Jones Elementary School

Public District 3-5

8.2 mi

400 S 10th St

7

Bark Riverharris Elementary School

Public District PK-6

13.5 mi

Hwy US 2 41

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $42,553. Most Escanaba, MI residents have annual incomes between $35k-100k. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

How much money do the neighbors make?

41%
<35k
47%
35k-100k
10%
100k-200k
2%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

45%
Single, No Kids
10%
Single, with Kids
30%
Married, No Kids
15%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

14%
<11 yrs old
7%
12-17 yrs old
15%
18-34 yrs old
41%
35-64 yrs old
23%
65+ yrs old

What do the neighbors do for fun?

  • Horse RacesHorse Races
  • Pro BoxingPro Boxing
  • Hiking/backpackingHiking/backpacking

Where do the neighbors shop?

  • Stein MartStein Mart
  • Family DollarFamily Dollar
  • Nordstrom RackNordstrom Rack

Where do the neighbors go to eat?

  • LongHorn SteakhouseLongHorn Steakhouse
  • White CastleWhite Castle
  • ChipotleChipotle

What do the neighbors drive?

  • BuickBuick
  • ChevroletChevrolet
  • MazdaMazda

What do the neighbors listen to?

  • Contemporary InspirationalContemporary Inspirational
  • RockRock
  • Adult StandardsAdult Standards
All data provided by Home Junction and Claritas

This home is located at 514-516 S 15th St in Escanaba, MI and zip code 49829. This 1,345 square foot home, which was built in 1902, sits on a 0.15 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 10, 2024 and is currently priced at $159,000.

In January 2025, from all listings sold in Escanaba, MI there were more than 1 sold above asking price, over 5 sold below and more than 1 were sold right at the asked price. The number of listings in Escanaba, MI decreased by 15.8% between December and January 2025. Listings spent 43 days on the market in January 2025, and had a median list price of $113,125 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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