$1,662 Closing Credit¹
#201834936, Joshua Handrich, Listing office: CENTURY 21 NORTHLAND of ALPENA
$180,000 List price
615 W Lake St Alpena, MI 49707
$2,138
Closing credit¹
Multi-Family
Property details
About 615 W Lake St
This 5-unit multi-family home is a fantastic opportunity for investors! The property features four 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit, perfect for attracting a range of tenants. Additional highlights include a full basement for storage or potential laundry setup, a 1.5-car detached garage, and a generous backyard ideal for tenant enjoyment. Conveniently located close to the hospital and Alpena Community College, this property offers strong rental appeal and consistent demand. Whether you're expanding your portfolio or looking to house hack, this versatile property is worth a look! Square footage is approximate and should be verified by the buyer or buyer's agent.
Highlights
Home typeMulti Family
StatusAccepting Backup Offers
(Active w/Contingencies)
(Active w/Contingencies)
Year built1949
MLS #201834726
Garage1 space
Summary
- Garage Space: 1 space
- Attached Garage: No
- Architectural Style: Two Story
- List Price: $180,000
- Annual Tax Amount: $2,904
- Tax Year: 2024
- Directions: From US 23 North turn east onto Johnson Street, continue past the college and turn left on Walnut Street, turn right onto West Lake Street and 5-plex is on the left.
- Year Built: 1949
- MLS Number: 201834726
- MLS Name: Water Wonderland Board of REALTORS®
- Office Name: CENTURY 21 NORTHLAND of ALPENA
- Office Phone: (989) 356-2181
- Office Email: bplatt@c21northland.com
- Listing Agent: Joshua Handrich
© 2025 Water Wonderland MLS, Inc © All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than this broker are marked with the WWLX logo and the detailed information about said listing includes the listing office.The listings displayed come from various Water Wonderland Board of REALTORS® member offices who have chosen to participate in WWBR. The 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. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or Water Wonderland Board of REALTORS® shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/19/2025, 7:40:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$180,000
615 W Lake St
$2,138
closing credit¹
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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 | $55,500 | $2,904 |
| 2023 | $46,400 | $2,139 |
| 2022 | $43,300 | $2,361 |
| 2021 | $41,600 | $1,960 |
| 2020 | $38,700 | $1,993 |
| 2019 | $37,000 | $1,931 |
| 2018 | $35,800 | $1,858 |
| 2017 | $34,900 | $- |
History based on county public records data.
Nearby schools
3
Lincoln Community School
Public District KG-5
0.2 mi
•309 W Lake St
5
Besser Elementary School
Public District KG-5
1.3 mi
•375 Wilson St
5
Ella M White School
Public District KG-5
1.4 mi
•201 N Ripley Blvd
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 $22,978. Most Alpena, MI residents have annual incomes less than $<35k. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
73%
<35k
20%
35k-100k
7%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
47%
Single, No Kids
12%
Single, with Kids
22%
Married, No Kids
19%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
7%
12-17 yrs old
27%
18-34 yrs old
38%
35-64 yrs old
12%
65+ yrs old
What do the neighbors do for fun?
Extreme Sports
Figure Skating
Pro Wrestling
Where do the neighbors shop?
Academy Sports & Outdoors
Kmart
Wal-Mart
Where do the neighbors go to eat?
Little Caesars
Bob Evans
Sonic
What do the neighbors drive?
Chevrolet
Buick
Oldsmobile
What do the neighbors listen to?
Country
Oldies- Contemporary Inspirational
All data provided by Home Junction and Claritas
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Frequently asked questions
About 615 W Lake St
The listing price of 615 W Lake St property is $180,000.
The property 615 W Lake St is a multi located in Alpena, Michigan, 49707.
Accepting Backup Offers: 615 W Lake St is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
The nearby schools for 615 W Lake St are: Lincoln Community School (GreatSchools Rating 3/10), Besser Elementary School (GreatSchools Rating 5/10), Ella M White School (GreatSchools Rating 5/10), Thunder Bay Junior High School (GreatSchools Rating 4/10), Oxbow Aces Academyalternative (GreatSchools Rating 3/10), Alpena High School (GreatSchools Rating 6/10), Posen Consolidated High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2024 is $2,904 (source: MLS/based on county public records data).
The year of construction for 615 W Lake St is 1949.
This home is located at 615 W Lake St in Alpena, MI and zip code 49707. Features: 0 bathroom. It has been listed on Rocket Homes since May 21, 2025 and is currently priced at $180,000.
Over 5 listings were sold over their listed price in May 2025 in Alpena, MI. In the same period over 8 listings were sold below the listed price and 3 listings were sold for the listed price. The number of homes for sale in Alpena, MI increased by 25.9% between April and May 2025.
From Rocket Homes Real Estate and based on county public records data.