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323-325 N Front St, Marquette, MI, 49855

5beds
4baths
3,040sqft
$485,000
$160price/sqft
$3,353/moest. monthly cost
$134,120/yrincome needed

About This Home

Seize this exceptional investment opportunity just a few blocks north of Washington Street in the heart of downtown Marquette, offering outstanding visibility and long-term demand. This well-located 4-unit apartment building, accessible from W Arch Street, checks all the boxes for a strong income-producing asset. The property features four well-laid-out one-bedroom units, providing a reliable and steady revenue stream. A full oversized basement offers abundant storage and added functionality, while off-street parking enhances tenant convenience and overall appeal. The property also includes garage space that can be utilized for additional storage, tenant parking, or even a private workshop area for an owner-occupant. One of the units is currently vacant and undergoing renovation, creating an excellent opportunity for an owner-occupant, short-term flexibility, or the ability to set a new market-rate rental. Whether you’re looking to expand your portfolio or live close to downtown while generating income from the remaining units, this property offers multiple possibilities. Located just minutes from downtown Marquette’s restaurants, shopping, and waterfront amenities, this property combines convenience, rental demand, and investment potential in one highly desirable location. With its prime setting, strong rental history, and income stability, this is a rare opportunity to own a multi-unit property in one of Marquette’s most sought-after areas. Don’t miss your chance to add a high-performing asset to your portfolio.

Getting Around

89
WalkingVery Walkable
0
TransitVery Limited Transit
95
BikeBiker's Paradise

Schools

8/10
Sandy Knoll SchoolGrades PK-50.5 mi
7/10
Bothwell Middle SchoolGrades 5-81.2 mi
9/10

Construction

Condition

  • Year built: 1900

Materials

  • Foundation: Basement

Type & Style

  • Home type: MultiFamily
  • Architectural style: Conventional Frame
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Range/Oven,Refrigerator,Gas Water Heater

Basement

  • Has basement: Yes
  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 4

Heating

  • Heating features: Hot Water,Radiant

Interior Area

  • Total structure area: 3,040
  • Total interior livable area: 3,040 sqft

Kitchen

  • Features: Eat-in Kitchen

Property

Details

  • Parcel number: 525200181560
  • Zoning: Multi Family MFR ZB12
  • Zoning description: Multi-Family
  • Special condition: Private

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Patio,Porch
  • Exterior features: Sidewalks,Street Lights,Garden
  • Waterfront features: None

Lot

  • Lot size: 7,405 sqft
  • Features: Sidewalks,Corner Lot
  • Lot size dimensions: 85 x 50 + 50 x 100

Parking

  • Total spaces: 3
  • Parking features: 3 or More Spaces,Driveway,Detached
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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

  • Cold Wave
    Cold WaveRelatively High
  • Hail
    HailRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Hail
Winter Weather
Lightning
Tsunami

FEMA Declared Disasters in Marquette County and Michigan

Severe Ice Storm
Winter Storm

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

MonthlyAnnual
Mortgage $2,452$29,424
Home Insurance *$170$2,040
Property Taxes $400$4,800
Electricity $331$3,979
Total$3,353$40,236
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$114,960/yr
40% on housing$100,590/yr
45% on housing$89,413/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

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.

Insurance Growth Rate5-year average: 8.6%
8.6%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 1.3%
1.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$160This listing

vs Other Active Listings

Avg $/sqft

ZIP 49855$270
Marquette County$217

vs Homes Sold Last Month

Median $/sqft

ZIP 49855$216
Marquette County$187

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)

No zestimate history available

Price History

DateEventPrice
2026-04-10Price change$420,000
2025-12-19Price change$485,000
2025-10-12Price change$500,000
2025-06-20Price change$525,000
2025-02-23Listed for sale$550,000

For Sale by Agent

AgentTERRY HUFFMAN
BrokerageRE/MAX 1ST REALTY

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