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515 W Onota, Munising, MI 49862

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For Sale

$229,900

4 beds • 2 baths • 1,960 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $117.30
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

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!
MLS# 50171254

Courtesy Of COLDWELL BANKER SCHMIDT REALTORS
1313 FRONT ST., MARQUETTE, MI
(906) 225-5992

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Porch, Water Front, Cable Ready
  • Appliances
    Range, Refrigerator
  • Architecture Style
    Other
  • Exterior Type
    Vinyl Siding
  • Heating System
    Forced Air
  • Lot Size
    0.22 Acres
  • Rooms
    Basement, Dining Room, Living Room

Map and Directions

Directions to 515 W Onota, Munising, MI 49862

Home seller CENTURY 21 Prime Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Prime Realty

(906) 228-5230
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Copyright © 2025 Upper Peninsula Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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