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246 Ashland, 
Ironwood, MI 49938

$1,092,250


39

Beds


23

Baths


-

Sq Ft


Multi-Family

Active

Listed by

Ellen Wyssling

Janice Wyssling

The Real Estate Store

906-932-5406

Last updated:

September 17, 2026, 10:14 AM

MLS#

50211077

Source:

MI REALSOURCE

About This Home

246 Ashland

Premier Multi-Family Investment Opportunity – 21 Rental Units & 24 Garages on One Street Rarely does an investment opportunity of this scale and stability become available. This impressive portfolio includes 21 rental units and 24 garages, all conveniently located along the same street, creating exceptional management efficiency and strong long-term rental appeal. The property consists of a beautiful 15-unit brick apartment building along with three duplexes—one side-by-side duplex and two upper/lower duplexes—offering a diverse mix of unit styles that attract a broad tenant base. The centerpiece of the portfolio is the stately 15-unit brick apartment building, featuring three secure entrances serving both upper and lower levels. Units 1–12 offer spacious 2-bedroom, 1-bathroom floor plans, while three additional 1-bedroom, 1-bathroom apartments are located on the lower level. Tenant amenities include coin-operated laundry facilities, storage units, a common bathroom, and garage rentals, adding convenience and supplemental income potential. Most apartments also feature private balconies. The duplexes provide additional character and variety. The side-by-side duplex offers private back decks and dedicated garage spaces, creating a single-family-home feel for tenants. The standout property is the impressive 302/304 Ashland Court duplex. While modest in appearance from the exterior, the interior reveals remarkable charm and craftsmanship, including original woodwork, a stunning fireplace, soaring ceilings, spacious kitchens, and generous living areas. The lower unit features two bedrooms and two bathrooms, while the upper unit offers two bedrooms, abundant natural light, and exceptional living space. This property still needs some elbow grease to shine it up, but the sweat equity will surely pay off. Envision the possibilities... The portfolio has a proven track record of strong occupancy and consistent rental demand, with vacancies historically remaining short-lived. Ownership currently covers water, sewer, garbage service, natural gas, snow removal, and lawn care, while tenants pay their own electricity. Located just minutes from downtown, residents enjoy convenient access to local shops, restaurants, community events, and year-round entertainment. Whether you're looking to expand an existing portfolio or acquire a turnkey multifamily investment with scale, stability, and upside potential, this package presents a truly exceptional opportunity.

Home Facts

Multi-Family

23 Baths

39 Bedrooms

Built in 1975

Subdivision & Development:

None

Price Summary

1,092,250

MLS #:

50211077

Last Updated:

September 17, 2026, 10:14 AM

Added:

3 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

39

Bathrooms

Total Bathrooms:

23

Full Bathrooms:

22


Structure

Structure

Year Built:

1975


Lot

Lot Size (Sq. Ft):

75,358


Finances & Disclosures

Finances

Price:

$1,092,250

MLS Logo
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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.