2050 Wright St, Marquette, MI 49855
SOLDFEB 22, 2024

2050 Wright St
Marquette, MI 49855

  • 16 Beds
  • 13 Baths
  • 6,000 sqft (on 2.42 acres)
  • 16 Beds
  • 13 Baths
  • 6,000 sqft (on 2.42 acres)

$787,500

Last Sold: Feb 22, 2024
10% below list $875K
$131/sqft
Est. Refi. Payment $4,871/mo*

Homes for Sale Near 2050 Wright St

Local Information

map showing home location
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-- mins to
Commute Destination

Description

This property is no longer available to rent or to buy. This description is from February 22, 2024
12 unit Investment opportunity within Marquette City limits less than a mile from Northern Michigan University. Property is just a few minutes drive to just about everything the City of Marquette has to offer. Within walking/biking distance to NMU, Lake Superior, The Superior Dome and many stores, shops and restaurants! And its nearly on top of the biking trail system. Seller has done extensive renovations to the majority of the units and has increased rents since purchase in 2021 to market value with more potential for growth. Property consists of a four bedroom house, 6 dwellings that are a mix of one to two bedrooms, and five efficiency apartments. Two of the original units were demolished and removed for additional parking and driveway to rear units. Property has plenty of room for improvements for tenant amenities etc.. to increase the appeal for prospective tenants and continued growth for the investor. The possibilities are endless!

Home Highlights

Parking
3 Parking Spaces
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
$131/sqft
Listed
180 days ago

Home Details for 2050 Wright St

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: MI Basement,Partial,Other,Crawl Space,YesNumber of Rooms: 2Types of Rooms: Bedroom 1, Bathroom
Beds & Baths
Number of Bedrooms: 16Number of Bathrooms: 13Number of Bathrooms (full): 13
Appliances & Utilities
Appliances: Electric Water Heater
Heating & Cooling
Heating: Forced Air,Space HeaterHas HeatingHeating Fuel: Forced Air
Fireplace & Spa
No Fireplace
Gas & Electric
Gas: Natural Gas
Levels, Entrance, & Accessibility
Stories: 1Levels: One

Exterior Features

Exterior Home Features
Foundation: Basement
Parking & Garage
No GarageNo Open ParkingParking Spaces: 3Parking: 3 or More Spaces,Unassigned
Frontage
Waterfront: NoneRoad Frontage: City/CountyNot on Waterfront
Water & Sewer
Sewer: Community
Farm & Range
Frontage Length: 317

Property Information

Year Built
Year Built: 1960
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Construction Materials: Vinyl Siding

Price & Status

Price
List Price: $875,000Price Per Sqft: $131/sqft
Status Change & Dates
Off Market Date: Thu Dec 28 2023

Location

Direction & Address
City: MarquetteCommunity: Marquette
School Information
Elementary School District: Marquette Area School DistrictJr High / Middle School District: Marquette Area School DistrictHigh School District: Marquette Area School District

Building

Building Area
Building Area: 6000 Square Feet

HOA

Association for this Listing: Upper Peninsula Assoc of Realtors

Lot Information

Lot Area: 2.42 Acres

Offer

Listing Terms: Cash, Conventional

Compensation

Buyer Agency Commission: 1.4Buyer Agency Commission Type: %Sub Agency Commission: 1.4Sub Agency Commission Type: %Transaction Broker Commission: 0
Notes
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Rental

Owner Pays: Gas, Trash Collection, Water/Sewer

Miscellaneous

BasementMls Number: 50126635
Last check for updates: about 15 hours ago
Listed by MARK COON
RE/MAX DOUGLASS R.E.-H
Bought with: MARK COON, RE/MAX DOUGLASS R.E.-H
Originating MLS: Upper Peninsula Assoc of Realtors
Source: Upper Peninsula AOR, MLS#50126635

Price History for 2050 Wright St

DatePriceEventSource
02/22/2024$787,500Sold
Upper Peninsula AOR #50126635
12/28/2023$875,000ContingentUpper Peninsula AOR #50126635
12/12/2023$875,000PriceChange
Upper Peninsula AOR #50126635
11/27/2023$949,000PriceChange
Upper Peninsula AOR #50126635
11/01/2023$999,000Listed For SaleUpper Peninsula AOR #50126635
08/11/2022$529,900Sold
Upper Peninsula AOR #50078525
07/22/2022$529,900PendingRE/MAX of Michigan #50078525
07/22/2022$529,900ContingentUpper Peninsula AOR #50078525
06/15/2022$529,900Listed For SaleUpper Peninsula AOR #50078525
04/28/1993$109,000Sold
N/A

Property Taxes and Assessment

Year2022
Tax
Assessment$494,705
Home facts updated by county records

Comparable Sales for 2050 Wright St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1.33
Multi-Family Home
$240,000
09/08/23
3
2
1,848
1.71
Multi-Family Home
$275,000
01/03/24
6
3
3,000
1.57
Multi-Family Home
$265,000
11/01/23
3
2
1,544
2.17
Multi-Family Home
$399,900
08/16/23
7
3
2,892
2.27
Multi-Family Home
$456,500
09/01/23
7
3
3,263
2.09
Multi-Family Home
$455,500
03/18/24
4
2
2,720
2.19
Multi-Family Home
$300,000
09/06/23
6
4
2,736

Assigned Schools

These are the assigned schools for 2050 Wright St.
GreatSchools ratings are based on test scores and additional metrics when available.
Check with the applicable school district prior to making a decision based on these schools. Learn more.

What Locals Say about Marquette

  • Tori H.
    "It’s very centrally located with access to hiking trails, beaches, mountain biking, and many commercial businesses."
    9
    Flag
  • Cassiembaty
    "Everything is well maintained and clean. No trash in the street ever. Dogs are always well behaved. And the owners are ALWAYS super friendly! "
    2
    Flag
  • Cassie
    "Lots of sidewalks and many different directions to go. very close to the lake route and this is a beautiful walking path any time of the year!"
    4
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  • Nelleshome
    "Great Community !! love MQT!! AdVenTure Regularly....Kayak..Camping...Lake Superior ..Sugar Loaf..Iron Ore Trail. What else is there.. so much more "
    2
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  • EJ
    "This city is full of nature, adventure, and excitement! Hiking, kayaking, walking around downtown listening to live music in the summer. These are a few of the many incredible things to do in Marquette. The U.P. Has a very loyal culture and many diverse peoples due to being a college town. "
    0
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  • Brittany B.
    "Close to the high school, hospital, and the university! Quiet neighborhood, and a great neighborhood to live in!"
    3
    Flag
  • Setonsieracki
    "Commute around town is simple. I typically walk to and from in colder weather. When warm out I bike. Only drive when time is limited or the distance is greatest. Great town NOT to drive."
    1
    Flag
  • Zack D.
    "All of Marquette is very dog friendly. There’s a dog park nearby and tons of trails. Many people in town have dogs. "
    0
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  • Cali H.
    "Everyone seems dog friendly. However, in apartments, not a lot of yardage to run the dogs! But there are dog friendly parks and lots of trails in Marquette which is good. "
    1
    Flag
  • Emilly L.
    "People drive really fast so you have to make sure your dog doesn’t accidentally get loose. The side walks are nice for walking your pet and people seem friendly."
    0
    Flag
  • Unknown N.
    "Marquette is these biggest city in the area. It acts as for the Center for government in Michigan in the UP. For that reason it seems bigger than it really is. The education and healthcare in the area is outstanding."
    0
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  • Jeremy B.
    "Lots of good restaurants and bars. Easy to get around except for winter months. Great part of the best city in Michigan. "
    0
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  • Shannon D.
    "I've lived here for 14 years and love it. it's rugged and unique and so are the people. it's an unspoiled place and I hope it stays that way."
    0
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  • Eliska A.
    "There are many old houses and trees. Everything is very calm and the Lake Superior is close from anywhere in town."
    0
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  • Lizpaepke
    "I am just visiting it is beautiful up here. Love the lake cute downtown area. Good sidewalks for walking good beach area"
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  • Shannon D.
    "I've lived here for about 10 years. it's a large neighborhood and we're at the very end of I've side so we only have 2 immediate neighbors. I know a few other people in the neighborhood from birding interests. "
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  • dperlove
    "This is a safe neighborhood, well maintained properties, nestled into the foothills of Marquette Mountain. Some lots abut a green strip with frequent sightings of deer and a variety of migratory birds during the summer months. Downtown is more than a short walk but is a reasonable bike ride away (warm months). Otherwise public transport is available from the front door. Snow plowing is excellent on Altamont and you can always get out during winter if you keep the foot of your driveway clear. Marquette has just the right amount of tourism to support a variety of sporting events and festivals during all seasons but not so much tourism that it feels like a congested bigger tourist area like Traverse City. There are a least three local micro-brewries, several good restaurants, and always entertainment, especially on weekends. Marquette is growing just enough to support continuous improvements and developments of its parks and attractions and there are at least two (three star type) hotels and along with a number of nice chain hotels for visitors. Downtown becomes almost magical in the wintertime with its snow-capped sandstone facades and "lit-up" trees. Being situated on a bay of Lake Superior makes Marquette one the the most picturesque small towns in the Midwest. "
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  • julie
    "Nature at its best!!! Wintersports don't get any better than in Marquette. Great place to raise a familily or to retire. Wonderful college town keeps the economy booming and House prices are continuing to rise. Faster here than other parts of Michigan."
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LGBTQ Local Legal Protections

IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Homes for Rent Near 2050 Wright St

Off Market Homes Near 2050 Wright St

2050 Wright St, Marquette, MI 49855 is a 16 bedroom, 13 bathroom, 6,000 sqft multi-family built in 1960. This property is not currently available for sale. 2050 Wright St was last sold on Feb 22, 2024 for $787,500 (10% lower than the asking price of $875,000). The current Trulia Estimate for 2050 Wright St is $790,100.