315 Reservation St, Hancock, MI, 49930
About This Home
Historic charm with modern updates with this 14 BR 9 BA income property with views of the Portage Canal! Spaciousness is everywhere with tall ceilings, large room sizes, and over 6,000 square feet of living area! Fantastic income opportunity with consistent gross annual rents in excess of $100,000 per year. Located within walking distance to restaurants, entertainment, grocery/gas and more in the City of Hancock. This home was formerly the famous Ruppe Mansion, a historic mining area landmark. There is also potential to be converted into a one of a kind family residence. Take advantage of an immediate cash flow property!
Getting Around
Somewhat Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1886
Materials
- Foundation: Basement
- Construction materials: Cedar
Type & Style
- Home type: SingleFamily
- Architectural style: Victorian
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Microwave,Range/Oven,Gas Water Heater
Basement
- Has basement: Yes
- Basement: Full
Bathroom1
- Level: Second
Bathroom2
- Level: First
Bathroom3
- Level: First
Bathroom4
- Level: Second
Bathroom5
- Level: Third
Bedroom
- Level: Second
- Area: 120
Bedroom1
- Level: Second
- Area: 320
Bedroom2
- Level: Second
- Area: 154
Bedroom3
- Level: Second
- Area: 289
Bedroom4
- Level: Second
- Area: 306
Bedroom5
- Level: Second
- Area: 225
Bedrooms & Bathrooms
- Bedrooms: 14
- Bathrooms: 9
- Full bathrooms: 9
Dining Room
- Level: First
- Area: 323
Family Room
- Level: First
- Area: 357
Features
- Finished area below ground: 0
- Finished area above ground: 6,082
Heating & Cooling
- Heating features: Hot Water,Natural Gas
- Cooling features: None
Interior Area
- Total structure area: 7,782
- Total interior livable area: 6,082 sqft
Kitchen
- Level: First
- Area: 204
Living Room
- Level: First
- Area: 361
Property
Details
- Parcel number: TBA
- Zoning description: Residential
- Special condition: Private,Standard
Features
- Levels: More than 2 Stories
- Exterior features: None
- Has view: Yes
- View description: Water,Canal
- Has water view: Yes
- Water view: Water,Canal
- Waterbody name: Portage Canal
- Frontage type: Road
- Frontage length: 212
Lot
- Lot size: 0.28 Acres
- Features: Corner Lot
- Lot size dimensions: TBA
Parking
- Total spaces: 3
- Parking features: 3 or More Spaces
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Winter Weather
- Cold Wave
- Inland Flooding
- Lightning
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Houghton County and Michigan
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,437 | $41,244 |
| Home Insurance * | $262 | $3,144 |
| Property Taxes | $1,201 | $14,412 |
| Electricity | $663 | $7,960 |
| Total | $5,563 | $66,756 |
Income You'd Need if You Spent...
Michigan FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-23 | Listed for sale | $679,900 |
| 2015-12-01 | Sold | $154,500 |
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