509 1st Ave S #511, Escanaba, MI, 49829
About This Home
Investor special near the lake- Two homes on one property! Just minutes from the shores of Lake Michigan, this property features two separate homes on one parcel. Offering incredible potential for investors, rental income, or live-in-one, rent-the-other setup. The first home (509) offers 4 bedrooms and 2 bathrooms, while the second (511) provides 3 bedrooms and 1 bathroom. Giving you a total of 7 bedrooms and 3 bathrooms across both residences. The possibilities are endless for the buyer with a vision. Whether you're looking to build equity or add to your portfolio. This property also boasts a fenced in yard with a 2-car garage generally shared with both tenants.
Getting Around
Very Walkable
Very Limited Transit
Very BikeableSchools
Construction
Condition
- Year built: 1902
Materials
- Foundation: Basement
- Construction materials: Fiber Cement
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Dishwasher,Range/Oven,Refrigerator,Washer,Gas Water Heater
- Laundry features: Second Floor Laundry
Basement
- Has basement: Yes
- Basement: Block,Full
Bathroom
- Features: First Flr Bath Lav/Half,Master Bedroom Bath
Bedrooms & Bathrooms
- Bedrooms: 7
- Bathrooms: 3
- Full bathrooms: 3
Features
- Number of fireplaces: 1
- Fireplace features: Living Room
- Fireplace: Yes
Heating & Cooling
- Heating features: Forced Air
- Cooling features: Ceiling Fan(s)
Interior Area
- Total structure area: 2,922
- Total interior livable area: 2,922 sqft
Property
Details
- Parcel number: 0510102929312006
- Special condition: Private
Features
- Levels: Two
- Stories: 2
- Exterior features: Sidewalks,Street Lights
- Fencing: Fenced
- Waterfront features: None
- Frontage length: 50
Lot
- Lot size: 7,840 sqft
- Lot size dimensions: 50 x 160
Parking
- Total spaces: 3
- Parking features: 3 or More Spaces,Garage,On Street,Detached
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
- Has uncovered spaces: Yes
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
- Lightning
- Hail
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Delta 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 | $707 | $8,484 |
| Home Insurance * | $85 | $1,020 |
| Property Taxes | $123 | $1,476 |
| Electricity | $318 | $3,824 |
| Total | $1,233 | $14,796 |
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)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-06 | Price change | $140,000 |
| 2026-06-08 | Listed for sale | $175,000 |
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