Here is a unique opportunity to turn sweat equity into an awesome investment property! The building has 3 apartments (Apt A 2 bedroom 800 sq ft) (Apt B 3 bedroom 2 bath 1500 sq ft) (Apt C 3 bedroom 1100 sq ft). You could live in one and fix up the others. You could make an additional $1200 a month and have your investment paid back in 5+ years. Each apartment has an enclosed porch and a small yard area. Two of them need just a few touches before they are ready to make you money and one that is a blank canvas that needs a handyman’s touch. After the owners purchased the building in 2011, they noticed many broken pipes so they have replaced plumbing lines throughout (new Pex hot and cold lines), new registers in each room, a new boiler, new water heater, and new exterior electric meter (along with upgraded panels for each apartment to 100 amp with Apt B at 200amp).
Multi-familyProperty Type
1900Year Built
5,227 sq ftLot Size
$7Price/Sq.Ft.
Listed by JOE CAPUANA• GREAT LAKES & LAND OF MARQUETTE, INC.
Here is a unique opportunity to turn sweat equity into an awesome investment property! The building has 3 apartments (Apt A 2 bedroom 800 sq ft) (Apt B 3 bedroom 2 bath 1500 sq ft) (Apt C 3 bedroom 1100 sq ft). You could live in one and fix up the others. You could make an additional $1200 a month and have your investment paid back in 5+ years. Each apartment has an enclosed porch and a small yard area. Two of them need just a few touches before they are ready to make you money and one that is a blank canvas that needs a handyman’s touch. After the owners purchased the building in 2011, they noticed many broken pipes so they have replaced plumbing lines throughout (new Pex hot and cold lines), new registers in each room, a new boiler, new water heater, and new exterior electric meter (along with upgraded panels for each apartment to 100 amp with Apt B at 200amp).
Public Records
Apr 5, 2007
Sold
$38,500
$11/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,732 (+2.8%)
2024
$1,684 (+101.3%)
2023
$837 (−44.6%)
2022
$1,510 (+2.5%)
2021
$1,473 (−0.3%)
2020
$1,477 (+1.7%)
2019
$1,452 (+43.8%)
2018
$1,010 (+2.7%)
2017
$983 (+3.1%)
2016
$954 (−0.2%)
2015
$956 (+1.4%)
2014
$943 (+6.7%)
2013
$884
Tax history for 116 Oak St
Year
Property tax
Land + Additions
Assessment*
2025
$1,732 (+2.8%)
2024
$1,684 (+101.3%)
2023
$837 (−44.6%)
2022
$1,510 (+2.5%)
2021
$1,473 (−0.3%)
2020
$1,477 (+1.7%)
2019
$1,452 (+43.8%)
2018
$1,010 (+2.7%)
2017
$983 (+3.1%)
2016
$954 (−0.2%)
2015
$956 (+1.4%)
2014
$943 (+6.7%)
2013
$884
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
8
Baths
3.5
Stories
2
Lot width
45 ft.
Lot depth
—
Lot size
5,618 Sq. Ft.
Year renovated
—
Sq. Ft.
3,912
Year built
1900
Style
Single Family Residential
County
Marquette County
APN
52-51-250-106-00
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 14, 2026.
Property details
Interior
Heating & Cooling
Cooling: None
Has Heating
Heating: Hot Water, Electric, Natural Gas
Interior Features
Has Fireplace
Room Information
Has Basement
Basement Details: Full
Exterior
Exterior Features
Patio And Porch Features: Porch
Building Information
Above Grade Finished Area: 3,400
# of Stories Total: 2
Property Information
Property Type: Residential Income
Property Sub Type: Multi Family
Raw Mls Property Sub Type: Multi-Family
Lot Information
Water Body Name: Lake Bancroft
Road Responsibility: Public Maintained Road
Lot Size : 60x85x52x86
Lot Size Acres: 0.12
Zoning: GR
Utilities
Utility Information
Water Source: Public
Utilities: Natural Gas Available, Cable Available, Electricity Available
Sewer: Public Sewer
Location
Schools Information
School District: Ishpeming Public School District
Location Information
Directions: SW corner of Oak and W. Ely Street
Public facts
Beds: 8
Baths: 3.5
Sq. Ft.: 3,912
Stories: 2.0
Lot Size: 5,618 square feet
Style: Single Family Residential
Year Built: 1900
Year Renovated: —
County: Marquette County
APN: 52-51-250-106-00
Home facts updated by county records on Sep 14, 2026
Other
Listing Information
List AOR: Upper Peninsula Assoc of Realtors
Around this home
Schools
Ishpeming Middle School
Public 5-8 • Assigned • 0.3mi
6/10
Ishpeming High School
Public 9-12 • Assigned • 0.4mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
1/10 Heat Factor
7 days above 91° expected this year, 13 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Ishpeming, MI • 49849
Average low and high temperatures (°F)
19
7
27
10
37
19
48
29
62
39
73
52
79
58
73
54
68
50
59
40
40
28
26
15
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.5 hours in
June and 2.6 hours in December, placing it below the
U.S. average for solar exposure.