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432 Lockwood Street, 
Alpena, MI 49707

$249,900

—

Bed

—

Bath

2,171

Sq Ft

Multi-Family

Active

Listed by

Robert I Sylvester

Banner Realty

989-356-1177

Last updated:

May 17, 2026, 06:43 PM

MLS#

201840043

Source:

MI WWBR

About This Home

432 Lockwood Street

Four units with great rental income! Convenient location - within walking distance to downtown, each unit has updated flooring, kitchen cabinets/counter tops and other upgrades. Vinyl windows installed throughout the building. An added bonus is the brand new coin operated laundry with keypad entry! Each unit is equipped with a stove and refrigerator. There's a 20x22 detached garage that can be used for storage or for extra rental income. Property is on a large city lot (66x140) so there is plenty of on site parking for tenants. Easy access from the street or alley. House roof was replaced in 2013. Garage shingles and some rafters replaced in 2011. City rental permit is on file. Owner pays for heat and water for all units and electricity for the two lower unit

Home Facts

Multi-Family

Price Summary

249,900

$115 per Sq. Ft.

MLS #:

201840043

Last Updated:

May 17, 2026, 06:43 PM

Added:

8 day(s) ago

Rooms & Interior

Interior

Living Area:

2,171 Sq. Ft.

Structure

Structure

Building Area:

2,171 Sq. Ft.

Finances & Disclosures

Finances

Price:

$249,900

Price per Sq. Ft:

$115 per Sq. Ft.

Source:MI WWBR
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Water Wonderland Mls, Inc. shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Water Wonderland MLS, Inc © 2026 All rights reserved

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.