$940,000
$10K PRICE DROP

208 E Montezuma Ave Houghton, MI 49931

Estimated payment $4,964/month

Total Views 70,719
5 Beds
4 Baths
3,500 Sq Ft
$269 Price per Sq Ft

Highlights

  • Deck
  • Corner Lot
  • Forced Air Heating and Cooling System
  • Houghton Elementary School Rated A
  • 1-Story Property
  • 3-minute walk to Veteran's Park

About This Home

Downtown Houghton – Mixed use building in the heart of the City of Houghton! Building is currently set up as 2 commercial units and 2 residential units with 6 parking spaces in garage beneath the units. The location is fantastic located one block above the main Street of Houghton with restaurants, shopping, waterfront parks, trail along the lake, close to Michigan Tech and more! Unit 1 has 2 private offices, reception/waiting area, supply room and half bathroom. Unit two includes 3 offices, reception area and half bathroom. The third office has access options from either Unit 1 or 2, depending on the lease terms and currently included in Unit 2’s lease. Unit 3 is a 3 bedroom, 1 bathroom apartment with eat-in kitchen, living room. Unit 4 is a 2 bedroom, 1 bathroom apartment with eat-in kitchen and living room. Both residential units have granite counters, beautiful cabinetry and access to their own half of the deck overlooking the downtown building-scape, glimpses of the Portage Lake Lift Bridge, the hillside across the Portage and maybe even a glimpse of the water from some angles. Units 1, 3 and 4 have access through the drive under garage. Currently the 6 parking spaces are allocated: Unit 2 has 1, Unit 3 has 3 and Unit 4 has 2. Each unit has separate utilities that tenants pay. Building has fire suppression system. Residential leases are through June 2025. Commercial leases are through November 2025. Each unit has own heating system and water heater. Staircase inside building to access roof. Property zoning is B-3 (General Business). Some photos are from previous years between tenant occupancies. Prequalification letter is required for showings. Prequalification letter and non-disclosure agreement is required to review lease information. Year Built: Foundation is original from 1900. Main level was constructed in 2010. NOTICE: All information believed accurate but not warranted. Buyer recommended to inspect all aspects of the property & bears all risks for any inaccuracies. Buyer to verify all information including but not limited to the estimated acreage, lot size, square footage, utilities (availability & costs associated). Buyer should not assume the buyer’s taxes will be the same as seller’s present tax bills. Taxes are subject to change (possibly significant) & property will be reassessed by the municipality after sale is completed. Sellers/Tenants may have audio/video recording devices present on property and buyers and agents consent to being recorded by entering property. OFFERS: 72 hours response time requested on offers. Seller, at seller's sole discretion, with or without notice, reserves the right to set and/or modify offer submission & response deadlines.

Listing Agent

KRISTINE WEIDNER (JUKURI)

CENTURY 21 AFFILIATED License #UPAR-6502319714 Listed on: 03/23/2024

CENTURY 21 AFFILIATED

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 2010

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50x100
  • Corner Lot

Parking

  • 6 Car Garage

Interior Spaces

  • 1-Story Property
  • Fire Sprinkler System

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Dryer
  • Washer

Basement

  • Partial Basement
  • Stone Basement
  • Block Basement Construction

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Electric Water Heater

Community Details

  • 4 Units
  • City Of Houghton Subdivision

Listing and Financial Details

  • Assessor Parcel Number 31-052-220-010-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5

Year Built

Built in 2010

Lot Details

0

Listing Details

  • Originating MLS: Upper Peninsula Assoc of Realtors
  • Class: MULTIFAMILY
  • Type: 1 To 4 Units
  • Type Of Property: Multi-Family
  • Structure Style: 1 Story
  • Styles: Other
  • Total Tax Amount: 5366
  • Total Tax Year: 2023
  • Year Built: 2010
  • Mail City: Houghton
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Interior Amenities: Fire Sprinkler
  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Basement: Yes
  • Basement Type: Block, Partial, Stone
  • Bedrooms: 5
  • Full Bathrooms: 2
  • Total Bathrooms: 4
  • Dining Kitchen: Eat-In Kitchen
  • Source of Sq Ft: Estimated
  • Half Bathrooms: 2

Exterior Features

  • Exterior Features: Deck
  • Frontage: 50
  • Foundation Type: Basement
  • Roads: City/County, Paved Street, Year Round

Garage/Parking

  • Garage Type: Basement Access, Electric In Garage
  • Garage Spaces: 6
  • Parking: Garage

Utilities

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

Lot Info

  • Assessor Parcel Number: 31-052-220-010-00
  • Location: Corner Lot, Main Street
  • Lot Dimensions: 50x100
  • Acreage: 0.11
  • Lot Description: Platted
  • Zoning: Commercial
  • Geo Subdivision: MI

Rental Info

  • Lease Information: Lease Term 1-2 Years, Security Deposit

Tax Info

  • Summer Tax: Year: 2023, Amount: $3,798.00
  • Winter Tax: Year: 2023, Amount: $1,568.00
  • Total Tax: Year: 2023, Amount: $5,366.00

Multi Family

  • Total Units: 4

MLS Schools

  • School District: Houghton-Portage Twp Schools

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,403 $143,329 $0 $0
2024 $3,761 $137,678 $0 $0
2023 $3,583 $117,007 $0 $0
2022 $4,910 $101,079 $0 $0
2021 $4,806 $95,956 $0 $0
2020 $4,744 $92,606 $0 $0
2019 $4,658 $86,693 $0 $0
2018 $4,541 $78,601 $0 $0
2017 $4,357 $78,601 $0 $0
2016 -- $78,601 $0 $0
2015 -- $75,000 $0 $0
2014 -- $75,000 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/03/2025 04/03/25 Price Changed $940,000 -1.1% $269 / Sq Ft
04/03/2025 04/03/25 For Sale $950,000 0.0% $271 / Sq Ft
03/31/2025 03/31/25 Off Market $950,000 -- --
03/23/2024 03/23/24 For Sale $950,000 -- $271 / Sq Ft
Source: Upper Peninsula Association of REALTORS®

Source: Upper Peninsula Association of REALTORS®

MLS Number: 50136735

Upper Peninsula Association of REALTORS®

APN: 052-220-010-00