Google street view image for 401 Prospect St, Munising, MI 49862

Off market apr 2021 for $136K

$181,502

Est. refi paymentEst. refi $908/mo

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•

— ba

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2,960

sq ft

401 Prospect St, Munising, MI 49862

About this home

Excellent cash flow on this fourplex in Munising. Rental properties are a great investment and hard to come by in this area. This one won't last long. Great income property to add to your portfolio or start a rental business. Three 2 bedroom units and one 1 bedroom unit. All units are occupied. Cash on cash return could easily be over 30% with 20% down. For more financial information call listing agent.

Multi-familyProperty Type

1930Year Built

8,712 sq ftLot Size

$61Est. Price/Sq.Ft.

Listed by MARK COON • RE/MAX DOUGLASS R.E.-H

Bought with TIFFANY BOWMAN • LOOK REALTY

Bought with STEVE PELTO • LOOK REALTY

Redfin checked: a minute ago

•Source:Greater Lansing AoR #10072289

Listing provided courtesy of Greater Lansing AoR

Redfin Estimate

$181,502

$46K since sold in April 2021$26K since October

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 20.2% lower than the average sale price ($227K) of 6 comparable homes.

SOLD JUN 29, 2026
$205,000
A
3 beds2 baths2,460 sq ft
319 Maple St, Munising, MI 49862
SOLD JUL 3, 2026
$345,000
B
6 beds2 baths2,447 sq ft
212 W Munising Ave, Munising, MI 49862
SOLD AUG 4, 2026
$189,000
C
4 beds2 baths1,716 sq ft
1001 W Munising Ave, Munising, MI 49862
SOLD MAY 18, 2026
$195,000
D
3 beds2 baths2,085 sq ft
208 E Onota St, Munising, MI 49862
SOLD SEP 3, 2026
$265,000
E
3 beds2 baths2,295 sq ft
204 Walnut St, Munising, MI 49862
SOLD JUN 26, 2026
$165,000
F
4 beds2 baths1,793 sq ft
213 Lynn St, Munising, MI 49862

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Earn from this home

Refinance

Est. cash available

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Market trends in 49862, MI

Last updated October 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-list price

95.3%

1.9% MoM

Median sale price

$224K

$53K MoM

Avg. days on market

56d

1 days MoM

Recently sold homes

6 MoM

New listings for sale

$239,000
3 beds3 baths1,302 sq ft
710 W Superior St, Munising, MI 49862
(906) 387-2619
See all

Provided by Redfin

Sale history for 401 Prospect St

Date

Event

Price

Greater Lansing AoR #10072289

Apr 23, 2021

Sold

$136,000

$46/sq ft

Jan 23, 2021

Listed

$139,000

$47/sq ft

Greater Lansing AoR #10072070

Mar 7, 2019

Sold

$85,000

$29/sq ft

Nov 12, 2018

Listed

$98,000

$33/sq ft

Greater Lansing AoR #10071005

Nov 15, 2018

Listing Removed

—

Greater Lansing AoR #10071015

Apr 19, 2016

Listing Removed

—

Tax history for 401 Prospect St

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

—

Baths

Stories

—

Lot width

—

Lot depth

—

Lot size

4,333 Sq. Ft.

Year renovated

—

Sq. Ft.

3,240

Year built

—

Style

Single Family Residential

County

Alger County

APN

051-190-061-50

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 12, 2026.

Property details

Interior

Heating & Cooling
Cooling: None
Has Heating
Heating: Forced Air, Electric, Natural Gas

Room Information
Has Basement
Basement Details: Full, Walk-Out Access

Exterior

Building Information
Above Grade Finished Area: 2,960
# of Stories Total: 2
Construction Materials: Vinyl Siding

Property Information
Property Type: Residential Income
Property Sub Type: Multi Family
Raw Mls Property Sub Type: Multi-Family

Lot Information
Road Responsibility: Public Maintained Road
Lot Size : 66 x 130
Lot Size Acres: 0.2
Zoning: R-1

Utilities

Utility Information
Water Source: Public
Utilities: Natural Gas Available, Cable Available, Electricity Available
Sewer: Public Sewer

Location

Schools Information
School District: Munising Public Schools

Location Information
Directions: In Munising, corner of Cedar & Prospect.

Public facts

Beds: —
Baths: 2.0
Sq. Ft.: 3,240
Stories: —
Lot Size: 4,333 square feet
Style: Single Family Residential
Year Built: —
Year Renovated: —
County: Alger County
APN: 051-190-061-50

Home facts updated by county records on Oct 12, 2026

Other

Listing Information
List AOR: Upper Peninsula Assoc of Realtors

Around this home

Schools

K - 12
Preschool & daycare

William G. Mather Elementary School

Public PreK-5 • Assigned • 0.3mi

6/10

Munising High And Middle School

Public 6-12 • Assigned • 1.0mi

5/10

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 90° expected this year, 12 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

1/10 Air Factor

0 unhealthy days expected this year, 0 days in 30 years

Provided by First Street

Historical weather

Munising, MI • 49862

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.2 hours in June and 2.3 hours in December, placing it below the U.S. average for solar exposure.

9.2 hrs

2.3 hrs

JuneDecember

Provided by Shadowmap

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Nearby similar homes

$239,000

3 beds3 baths1,302 sq ft

710 W Superior St, Munising, MI 49862

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(906) 387-2619

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New listings for sale in 49862

$239,000

3 beds3 baths1,302 sq ft

710 W Superior St, Munising, MI 49862

Close to schools • Close to shopping • Off street parking

(906) 387-2619

Home values near 401 Prospect St

Data from public records.

Address	Redfin Estimate
407 Prospect St, Munising, MI - Beds \| 1 Baths \| 2387 Sq. Ft.	$190,011
501 Prospect St, Munising, MI 3 Beds \| 2 Baths \| 1293 Sq. Ft.	$169,813
409 Prospect St, Munising, MI 3 Beds \| 1.5 Baths \| 1312 Sq. Ft.	$167,827
317 Prospect St, Munising, MI 5 Beds \| 4 Baths \| 2800 Sq. Ft.	$300,738
331 East Varnum St, Munising, MI 3 Beds \| 2.5 Baths \| 1438 Sq. Ft.	$242,848
417 East Varnum St, Munising, MI 3 Beds \| 1.5 Baths \| 1100 Sq. Ft.	$175,392
409 East Varnum St, Munising, MI 3 Beds \| 1.5 Baths \| 1464 Sq. Ft.	$228,355

Address	Redfin Estimate
410 Prospect St, Munising, MI - Beds \| 2 Baths \| 1992 Sq. Ft.	$267,204
421 Prospect St, Munising, MI 4 Beds \| 3 Baths \| 2104 Sq. Ft.	$218,865
419 Prospect St, Munising, MI 3 Beds \| 2 Baths \| 1110 Sq. Ft.	$157,161
325 East Varnum St, Munising, MI 3 Beds \| 1.5 Baths \| 1701 Sq. Ft.	$223,092
313 East Varnum St, Munising, MI 3 Beds \| 2 Baths \| 1370 Sq. Ft.	$231,910
413 East Varnum St, Munising, MI 3 Beds \| 2.5 Baths \| 1134 Sq. Ft.	$190,925
518 Cedar St, Munising, MI 4 Beds \| 2 Baths \| 2397 Sq. Ft.	$290,158

Address	Redfin Estimate
400 Prospect St, Munising, MI - Beds \| 2 Baths \| 3177 Sq. Ft.	$345,341
413 Prospect St, Munising, MI 4 Beds \| 2 Baths \| 1938 Sq. Ft.	$197,918
415 Prospect St, Munising, MI 3 Beds \| 1 Baths \| 1081 Sq. Ft.	$146,552
321 East Varnum St, Munising, MI 3 Beds \| 2 Baths \| 1249 Sq. Ft.	$221,536
600 Cedar St, Munising, MI - Beds \| 1 Baths \| 1105 Sq. Ft.	$148,694
423 East Varnum St, Munising, MI - Beds \| 1 Baths \| 1727 Sq. Ft.	$182,380
408 East Varnum St, Munising, MI 3 Beds \| 2 Baths \| 1744 Sq. Ft.	$225,990

Property information provided by Greater Lansing AoR when last listed in 2021. This data may not match . Learn more.

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