$62,000
SOLD MAR 20, 2026

137 Reiman Rd Iron River, MI 49935

6 Beds
2 Baths
2,200 Sq Ft
2 Acres Lot

Sale Details

Date Sold: March 20, 2026

$28 Per Sq Ft

27% Below List Price

118 Days on Market

About This Home

As of March 2026

This duplex is beautifully located one mile from sunset lake and three miles from town. If you are looking for something you can put some TLC into and begin building your investment portfolio, this side-by-side duplex offers so much potential. Many new items have already been purchased and are just waiting to be installed. This multi-unit dwelling has new electric, furnace, drywall, new windows in one unit, and new windows, doors and more already purchased for the second unit. Absolutely a must see. Great income potential. Rare opportunity to own a duplex with a country setting. Units are both under construction.

Last Agent to Sell the Property

Jill Albanys

U.P. RIVERLAND REALTY License #UPAR-6502376196 Listed on: 10/31/2025

Last Buyer's Agent

Rachel MARTIN

REDMAN REALTY GROUP, LLC License #UPAR-6502431648

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 2 Acre Lot
  • 208 Ft Wide Lot

Parking

  • Unassigned Parking

Home Design

  • Duplex
  • Fixer Upper
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 001-020-020-00 and 001-020-019

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

2 Acres

Listing Details

  • Originating MLS: Upper Peninsula Assoc of Realtors
  • Class: MULTIFAMILY
  • Type: Duplex, Fixer-Upper
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Styles: Conventional Frame
  • Total Tax Amount: 2046
  • Total Tax Year: 2025
  • Year Built: 1920
  • Mail City: Iron River
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Type: Full
  • Bedrooms: 6
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Dining Kitchen: Eat-In Kitchen, Formal Dining Room
  • Source of Sq Ft: Estimated

Exterior Features

  • Construction: Vinyl Siding
  • Exterior Features: Deck
  • Frontage: 208
  • Foundation Type: Basement
  • Roads: City/County

Garage/Parking

  • Parking: Unassigned/General

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Fuel Type: Natural Gas
  • Heating System: Forced Air
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 001-020-020-00 and 001-020-019
  • Lot Dimensions: 125x417 + 83x417
  • Acreage: 2
  • Lot Description: Large Lot - 65+ Ft.
  • Zoning: Residential

Tax Info

  • Summer Tax: Year: 2025, Amount: $1,461.00
  • Winter Tax: Year: 2024, Amount: $585.00
  • Total Tax: Year: 2025, Amount: $2,046.00

Multi Family

  • Total Units: 2

MLS Schools

  • School District: West Iron County School District
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Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/20/2026 03/20/26 Sold $62,000 -26.6% $28 / Sq Ft
02/26/2026 02/26/26 Pending -- -- --
10/31/2025 10/31/25 For Sale $84,500 +322.5% $38 / Sq Ft
01/02/2024 01/02/24 Sold $20,000 -19.7% $12 / Sq Ft View Prior Sale
10/31/2023 10/31/23 Pending -- -- --
09/27/2023 09/27/23 Price Changed $24,900 -20.2% $15 / Sq Ft
08/16/2023 08/16/23 Price Changed $31,200 +0.6% $19 / Sq Ft
08/14/2023 08/14/23 For Sale $31,000 -- $18 / Sq Ft
Source: Upper Peninsula Association of REALTORS®

Agents Affiliated with this Home

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Map

Source: Upper Peninsula Association of REALTORS®

MLS Number: 50193126

Upper Peninsula Association of REALTORS®
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