515 W Onota St Munising, MI 49862
Estimated payment $1,415/month
Highlights
- Wood Flooring
- Porch
- Shed
- Corner Lot
- Living Room
- Property is near schools
About This Home
Excellent investment opportunity in the heart of Munising! This well-maintained duplex offers two identical side by side units and sits just minutes from the bustling downtown area, the marina, and the renowned Pictured Rocks National Lakeshore. This two-story duplex spans 1,960 square feet and is situated on a spacious corner lot on the edge of town with peek a boo Lake Superior Views. Each unit features an intelligent layout with a flowing first-floor plan that includes a bright living room, formal dining room with hardwood floors, and a functional kitchen with ample cabinet space. Both units come equipped with essential appliances including refrigerator and range (unit 1 also includes a dishwasher). The second floor of each unit houses two comfortable bedrooms and a full bathroom. The property boasts separate utilities for each unit, including water, electric, and gas service - a huge plus for property management. The partial block basement offers separate extra storage space for tenants, along with washer and dryer hookups. The crawlspace is also easily accessible and ads more storage and access to mechanicals/electric panels. Located in a prime residential area, this duplex offers tenants the convenience of being walking distance to schools and local amenities. The vinyl siding exterior requires minimal maintenance, and the front porch adds charming curb appeal. Both units share access to a delightful three-season porch, perfect for enjoying the Lake Superior breeze. There is also off street parking for two vehicles for each unit. If you are looking to add to your portfolio or for an owner occupied option, this turnkey investment property presents an excellent opportunity in Munising's growing rental market!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,290
Year Built
- Built in 1950
Lot Details
- 9,583 Sq Ft Lot
- Lot Dimensions are 83x125
- Corner Lot
Parking
- 3 Car Parking Spaces
Home Design
- Vinyl Siding
Interior Spaces
- 2-Story Property
- Living Room
- Wood Flooring
- Oven or Range
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Basement
- Partial Basement
- Block Basement Construction
Outdoor Features
- Shed
- Porch
Location
- Property is near a Great Lake
- Property is near schools
Utilities
- Forced Air Heating System
- Separate Meters
- Electric Water Heater
- Internet Available
Listing and Financial Details
- Assessor Parcel Number 051-356-001-00
Community Details
Overview
- 2 Units
- City Of Munising Subdivision
Building Details
- Net Operating Income $18,600
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,290 | $49,700 | $0 | $0 |
| 2024 | $1,715 | $43,000 | $0 | $0 |
| 2023 | $1,647 | $39,900 | $0 | $0 |
| 2022 | $1,492 | $37,600 | $0 | $0 |
| 2021 | $1,963 | $37,600 | $0 | $0 |
| 2020 | $1,926 | $36,000 | $0 | $0 |
| 2019 | $1,880 | $32,700 | $0 | $0 |
| 2018 | $1,655 | $29,100 | $0 | $0 |
| 2017 | $1,580 | $29,200 | $0 | $0 |
| 2016 | $1,589 | $29,200 | $0 | $0 |
| 2015 | $1,659 | $29,800 | $0 | $0 |
| 2014 | $1,659 | $29,800 | $0 | $0 |
| 2013 | $1,644 | $29,800 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/28/2025 05/28/25 | Price Changed | $229,900 | -8.0% | $117 / Sq Ft |
| 04/15/2025 04/15/25 | For Sale | $249,900 | +354.4% | $128 / Sq Ft |
| 01/19/2018 01/19/18 | Sold | $55,000 | -15.3% | $28 / Sq Ft |
| 12/08/2017 12/08/17 | Pending | -- | -- | -- |
| 05/20/2016 05/20/16 | For Sale | $64,900 | +29.8% | $33 / Sq Ft |
| 07/02/2012 07/02/12 | Sold | $50,000 | -8.9% | $26 / Sq Ft |
| 04/24/2012 04/24/12 | Pending | -- | -- | -- |
| 02/09/2012 02/09/12 | For Sale | $54,900 | -- | $28 / Sq Ft |
Source: Upper Peninsula Association of REALTORS®
MLS Number: 50171254
APN: 02-051-356-001-00
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