This versatile duplex presents a fantastic opportunity for investors or those looking to expand their portfolio. Located just one block from the iconic Soo Locks, this property offers incredible proximity to local medical facilities and Lake Superior State University. The home features classic hardwood flooring and updated mechanicals, ensuring solid bones and reduced maintenance. With the added benefit of two city lots providing ample parking, this property is primed for immediate rental income or conversion into a single-family home. Priced to sell before the snow flies--don't miss out on this high-potential asset!
Multi-familyProperty Type
1900Year Built
$89Price/Sq.Ft.
Listed by Maxxsells_Realestate Anderson• KW Northern Michigan Properties
View down payment assistance programs for this home
Open houses
No upcoming open houses.
Around this home
Schools
K - 12
Preschool & daycare
Washington Elementary School
Public K-1 • Assigned • 0.8mi
Sault Area Middle School
Public 5-10 • Assigned • 1.5mi
7/10
Provided by GreatSchools
About Downtown Sault Ste.
Marie-Michigan
Downtown Sault Ste. Marie-Michigan, located between the St. Marys River waterfront and Ashmun Street, is a historic and walkable Sault Ste Marie neighborhood with a riverfront promenade and a compact grid of storefront blocks. The neighborhood’s character concentrates around Ashmun Street near Portage Avenue, where brick facades frame cafes, galleries, and small shops under classic downtown signage. The Soo Locks Boat Tours dock and the Museum Ship Valley Camp act as anchor attractions along the water’s edge. A mix of early-20th-century commercial buildings and civic landmarks gives the streets a tidy, traditional main-street feel. Parks and overlooks along the river add open-air pauses between restaurants and museums. Seasonal events and boat traffic keep the waterfront blocks active without changing the calm, small-city cadence.
Provided by Walk Score and Local Logic
Market insights
340 Ridge St · $175,000
LIST PRICE
$175,000
Median list price in this area is $420,455. (140% higher than this home)
PRICE DROP
0 price drops
20% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Unfurnished units
Basement
Bedrooms
One unit with 3 bedrooms
One unit with 2 bedrooms
Bathrooms
Each unit has 1 bathroom
Home design
Duplex
Two levels
Parking
Garage
Construction
Vinyl siding
Financial info
Actual rent: $1,200 for the 3-bedroom unit
Actual rent: $1,100 for the 2-bedroom unit
Electricity and solar
View estimated energy costs and solar savings for this home
The RM-1 Multiple-Family Residential District are designed to provide sites for multiple dwelling structures which will generally serve as zones of transition between the nonresidential districts and lower density single-family districts. The multiple dwelling is further provided to serve the needs for the apartment type of unit in an otherwise single-family residential community convenient to facilities which will service such dwellings.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Single unit
Housing-Multiple units
Public service
Educational/school
Library
Recreation
Park & open space
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 88° expected this year, 13 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
Sault Sainte Marie, MI • 49783
Average low and high temperatures (°F)
22
9
25
11
35
19
46
30
61
40
73
51
78
58
74
57
68
52
59
43
43
32
29
18
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
91/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Sault Sainte Marie. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.9 hrs
5.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 340 Ridge St
There isn’t enough information to generate an accurate estimate at this time. Learn More