419 Seventh St · Calumet, MI 49913

$89,500

4 bd · 1.5 ba · 2,438 sqft · SingleFamily public records · 51 Days on market

Built 1910 3,484 sqft lot Est $127k · 29% under

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Why this score? — see what drove the B+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +3.8/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Solid investment opportunity or a move-in ready home in the Village of Calumet! This well-built two-unit duplex sits in a great location just steps from downtown and all that the Keweenaw Peninsula has to offer. With separate electrical meters for each unit and a layout that mirrors itself floor to floor, this property offers a straightforward setup for an owner-occupant or investor alike. Each unit offers 2 bedrooms, a full bathroom, a living room, kitchen, and dining area, with hardwood floors running throughout both units. The bay windows bring in natural light and add a classic character that is hard to find in newer construction. Natural gas space heaters service each unit independently. The shared staircase in the rear of the home connects both units to a large, easily accessible attic with great storage potential, as well as a dry, clean basement that offers ample storage space. Calumet is rich in history and continues to be a hub of activity in the Keweenaw Peninsula. Enjoy being just a short walk to downtown Calumet's shops, restaurants, the Calumet Theatre, and Keweenaw National Historical Park sites. Outdoor enthusiasts will appreciate quick access to snowmobile and ORV trails, Mount Bohemia ski area, and the shores of Lake Superior just a short drive away. Whether you are looking to house hack by living in one unit and renting the other, add to your rental portfolio, or convert back to a spacious single family home, this Calumet duplex offers flexibility and value at an attractive price point. Don't let this opportunity pass you by! Check out the 3-D Tour! Disclaimer: Information is deemed reliable but not guaranteed. Buyer and buyer’s agent to verify all information, including measurements, utilities, condition, zoning, permitted use, and any potential future use or conversion of the property.

Key facts

• Move in ready home
• Bay windows
• Hardwood floors

Tags

• MOVE IN READY HOME
• SEPARATE ELECTRICAL METERS
• HARDWOOD FLOORS
• BAY WINDOWS
• NATURAL GAS SPACE HEATERS
• LARGE ATTIC

Property features AI

Finance

• Other: Multifamily property with separate unit heating and utilities; Unit 1 occupies first floor (not occupied currently); Unit 2 occupies second floor (living room approx. 19 x 14; kitchen approx. 11 x 13; dining L=13; bedrooms approx. 10 x 9 and 10 x 11)
• HOA & community: Sidewalks (community amenity)

Exterior

• Parking: 3 or more parking spaces
• Utilities: Public water; Public sanitary sewer; 100 amp electric service with circuit breakers; Separate electric for units; Natural gas connected; Electric water heater; Cable and satellite available; Phone connected
• Home design: Multi-family duplex; 1 to 4 units (2 total units); 2-story; Built in 1910; Street address designation
• Construction: Vinyl siding construction; Asphalt roof; Basement foundation; Year built 1910
• Exterior features: Vinyl siding; Asphalt (roof); Sidewalks; Platted lot

Interior

• Kitchen: Range/oven; Refrigerator
• Bedrooms: First-floor bedroom (Unit 1); Second-floor bedrooms (Unit 2)
• Flooring: Hardwood floors
• Bathrooms: Two full bathrooms total; Main-floor full bathroom
• Heating & cooling: Space heaters; Separate heat for units; No central cooling
• Interior features: Bay window; Cable/Internet available; Hardwood floors; Full basement
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $90k.

Deal economics

• At list price, monthly cash flow is $363 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $90k).
• Recommended offer: $87k (3.0% below list) — sets the bar for market timing.
• Cap rate 11.2% vs local median 5.2% in Calumet — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 60/100 on livability (#585 in MI) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A; Watch: health & safety C-, schools D, crime F.
• Public Schools Of Calumet Laurium & Keweenaw (town): math 37% / reading 54% proficiency, ranked #160 of 540 in MI (top 30%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 48 active listings in the ZIP; 111 units permitted in Houghton County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $619 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Houghton County population projected to shrink 10% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $25k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 51 days — a 3% lower offer ($87k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 12y ago; this cycle's ask has dropped $10k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $50k; list at $90k implies a 79% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.3% of price; built in 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $86,815 (3.0% below list)

Questions for the listing agent

1. It's been on market 51 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.58% ✓
• Cap rate: 11.16%
• Cash-on-cash: 17.38%
• DSCR: 1.77
• GRM: 5.3

CMA / ARV

• ARV (on-the-fly): $126,776
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
56897 Rockland St	0.68mi	4/1.5	2,519 (+3%)	1mo	$130,000	$52	62
819 9th St	0.29mi	4/2.5	2,652 (+9%)	18mo	$120,000	$45	53
443 Sixth St	0.10mi	5/2.0 (+1)	2,750 (+13%)	22mo	$35,000	$13	49
25540 Upper St	0.42mi	3/2.0 (-1)	2,107 (-14%)	10mo	$275,000	$131	43

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 8.8%
• Equity multiple: 1.35×
• Total profit: $8,720
• Equity at exit: $13,345

10-year hold

• IRR: 18.1%
• Equity multiple: 2.51×
• Total profit: $37,786
• Equity at exit: $7,738

Cash invested: $25,060 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 62 Landlord-Friendly
• State Michigan: 62 Landlord-Friendly · EVEN
• County: — inherits STATE
• City: — inherits STATE

7-day pay-or-quit; mixed climate; Detroit/AA have some protections.

Methodology + full state rankings →

ZIP-level market 49913

• Active inventory: 48
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $1,413 medium
• Mortgage (P&I): −$469
• Tax from tax record: −$247 /mo · $2,959/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$297
• Net cashflow: $363

Break-even live

Break-even rent $953

Max offer price $89,500

Occupancy floor 69%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $22,375
• Closing costs: $2,685
• Reserves months: —
• Total cash needed: —

Listing history 30 events

1. 2026-06-18
   days on market $89,500 Active 51 DOM
2. 2026-06-17
   days on market $89,500 Active 50 DOM
3. 2026-06-16
   days on market $89,500 Active 49 DOM
4. 2026-06-15
   days on market $89,500 Active 48 DOM
5. 2026-06-13
   days on market $89,500 Active 46 DOM
6. 2026-06-12
   days on market $89,500 Active 45 DOM
7. 2026-06-09
   days on market $89,500 Active 42 DOM
8. 2026-06-08
   days on market $89,500 Active 41 DOM
9. 2026-06-07
   days on market $89,500 Active 40 DOM
10. 2026-06-07
    days on market $89,500 Active 39 DOM
11. 2026-06-04
    days on market $89,500 Active 36 DOM
12. 2026-06-03
    price $89,500 Active 35 DOM
13. 2026-06-02
    days on market $99,500 Active 35 DOM
14. 2026-06-01
    days on market $99,500 Active 34 DOM
15. 2026-05-31
    days on market $99,500 Active 33 DOM
16. 2026-05-31
    days on market $99,500 Active 32 DOM
17. 2026-05-22
    status Active 1843-char remark

    Show marketing remark (1843 chars)

    Solid investment opportunity or a move-in ready home in the Village of Calumet! This well-built two-unit duplex sits in a great location just steps from downtown and all that the Keweenaw Peninsula has to offer. With separate electrical meters for each unit and a layout that mirrors itself floor to floor, this property offers a straightforward setup for an owner-occupant or investor alike. Each unit offers 2 bedrooms, a full bathroom, a living room, kitchen, and dining area, with hardwood floors running throughout both units. The bay windows bring in natural light and add a classic character that is hard to find in newer construction. Natural gas space heaters service each unit independently. The shared staircase in the rear of the home connects both units to a large, easily accessible attic with great storage potential, as well as a dry, clean basement that offers ample storage space. Calumet is rich in history and continues to be a hub of activity in the Keweenaw Peninsula. Enjoy being just a short walk to downtown Calumet's shops, restaurants, the Calumet Theatre, and Keweenaw National Historical Park sites. Outdoor enthusiasts will appreciate quick access to snowmobile and ORV trails, Mount Bohemia ski area, and the shores of Lake Superior just a short drive away. Whether you are looking to house hack by living in one unit and renting the other, add to your rental portfolio, or convert back to a spacious single family home, this Calumet duplex offers flexibility and value at an attractive price point. Don't let this opportunity pass you by! Check out the 3-D Tour! Disclaimer: Information is deemed reliable but not guaranteed. Buyer and buyer’s agent to verify all information, including measurements, utilities, condition, zoning, permitted use, and any potential future use or conversion of the property.

18. 2026-05-11
    historical Keep Showing-Contgcy Appl 1843-char remark

    Show marketing remark (1843 chars)

    Solid investment opportunity or a move-in ready home in the Village of Calumet! This well-built two-unit duplex sits in a great location just steps from downtown and all that the Keweenaw Peninsula has to offer. With separate electrical meters for each unit and a layout that mirrors itself floor to floor, this property offers a straightforward setup for an owner-occupant or investor alike. Each unit offers 2 bedrooms, a full bathroom, a living room, kitchen, and dining area, with hardwood floors running throughout both units. The bay windows bring in natural light and add a classic character that is hard to find in newer construction. Natural gas space heaters service each unit independently. The shared staircase in the rear of the home connects both units to a large, easily accessible attic with great storage potential, as well as a dry, clean basement that offers ample storage space. Calumet is rich in history and continues to be a hub of activity in the Keweenaw Peninsula. Enjoy being just a short walk to downtown Calumet's shops, restaurants, the Calumet Theatre, and Keweenaw National Historical Park sites. Outdoor enthusiasts will appreciate quick access to snowmobile and ORV trails, Mount Bohemia ski area, and the shores of Lake Superior just a short drive away. Whether you are looking to house hack by living in one unit and renting the other, add to your rental portfolio, or convert back to a spacious single family home, this Calumet duplex offers flexibility and value at an attractive price point. Don't let this opportunity pass you by! Check out the 3-D Tour! Disclaimer: Information is deemed reliable but not guaranteed. Buyer and buyer’s agent to verify all information, including measurements, utilities, condition, zoning, permitted use, and any potential future use or conversion of the property.

19. 2026-04-27
    listed $99,500 Active 1843-char remark

    Show marketing remark (1843 chars)

    Solid investment opportunity or a move-in ready home in the Village of Calumet! This well-built two-unit duplex sits in a great location just steps from downtown and all that the Keweenaw Peninsula has to offer. With separate electrical meters for each unit and a layout that mirrors itself floor to floor, this property offers a straightforward setup for an owner-occupant or investor alike. Each unit offers 2 bedrooms, a full bathroom, a living room, kitchen, and dining area, with hardwood floors running throughout both units. The bay windows bring in natural light and add a classic character that is hard to find in newer construction. Natural gas space heaters service each unit independently. The shared staircase in the rear of the home connects both units to a large, easily accessible attic with great storage potential, as well as a dry, clean basement that offers ample storage space. Calumet is rich in history and continues to be a hub of activity in the Keweenaw Peninsula. Enjoy being just a short walk to downtown Calumet's shops, restaurants, the Calumet Theatre, and Keweenaw National Historical Park sites. Outdoor enthusiasts will appreciate quick access to snowmobile and ORV trails, Mount Bohemia ski area, and the shores of Lake Superior just a short drive away. Whether you are looking to house hack by living in one unit and renting the other, add to your rental portfolio, or convert back to a spacious single family home, this Calumet duplex offers flexibility and value at an attractive price point. Don't let this opportunity pass you by! Check out the 3-D Tour! Disclaimer: Information is deemed reliable but not guaranteed. Buyer and buyer’s agent to verify all information, including measurements, utilities, condition, zoning, permitted use, and any potential future use or conversion of the property.

20. 2026-04-27
    listed $99,500 Active 1843-char remark

    Show marketing remark (1843 chars)

    Solid investment opportunity or a move-in ready home in the Village of Calumet! This well-built two-unit duplex sits in a great location just steps from downtown and all that the Keweenaw Peninsula has to offer. With separate electrical meters for each unit and a layout that mirrors itself floor to floor, this property offers a straightforward setup for an owner-occupant or investor alike. Each unit offers 2 bedrooms, a full bathroom, a living room, kitchen, and dining area, with hardwood floors running throughout both units. The bay windows bring in natural light and add a classic character that is hard to find in newer construction. Natural gas space heaters service each unit independently. The shared staircase in the rear of the home connects both units to a large, easily accessible attic with great storage potential, as well as a dry, clean basement that offers ample storage space. Calumet is rich in history and continues to be a hub of activity in the Keweenaw Peninsula. Enjoy being just a short walk to downtown Calumet's shops, restaurants, the Calumet Theatre, and Keweenaw National Historical Park sites. Outdoor enthusiasts will appreciate quick access to snowmobile and ORV trails, Mount Bohemia ski area, and the shores of Lake Superior just a short drive away. Whether you are looking to house hack by living in one unit and renting the other, add to your rental portfolio, or convert back to a spacious single family home, this Calumet duplex offers flexibility and value at an attractive price point. Don't let this opportunity pass you by! Check out the 3-D Tour! Disclaimer: Information is deemed reliable but not guaranteed. Buyer and buyer’s agent to verify all information, including measurements, utilities, condition, zoning, permitted use, and any potential future use or conversion of the property.

21. 2022-03-23
    soldstatus $50,000
22. 2022-03-21
    soldstatus $50,000 573-char remark

    Show marketing remark (573 chars)

    This duplex is move in ready! A couple of blocks from downtown Calumet. There is ample parking in front of the building. Each unit has two bedrooms and one full bath. Each unit has an oven/range and refrigerator. The pictures are from Unit B; Unit A is almost a mirror image of Unit B. Unit B is move in ready; Unit A was recently vacated and is in the process of being cleaned. Unit B will include the washer and dryer. The attic is HUGE! Either live in one side and rent out the other, or rent out both sides. If you were searching for an income property, check this out!

23. 2022-01-13
    listed $60,000 573-char remark

    Show marketing remark (573 chars)

    This duplex is move in ready! A couple of blocks from downtown Calumet. There is ample parking in front of the building. Each unit has two bedrooms and one full bath. Each unit has an oven/range and refrigerator. The pictures are from Unit B; Unit A is almost a mirror image of Unit B. Unit B is move in ready; Unit A was recently vacated and is in the process of being cleaned. Unit B will include the washer and dryer. The attic is HUGE! Either live in one side and rent out the other, or rent out both sides. If you were searching for an income property, check this out!

24. 2018-11-30
    soldstatus $23,000
25. 2018-10-12
    soldstatus $106,500
26. 2018-05-23
    listed $29,900
27. 2015-05-06
    soldstatus $30,000
28. 2015-04-22
    historical
29. 2015-01-23
    listed $39,000
30. 2014-07-22
    listed $39,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast MI · Partial reset (capped growth)

• Current annual tax: $2,959 · $247/mo
• Projected year-2 tax: $2,959 · $247/mo
• Expected delta: $0/yr ($0/mo · -0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 1/10 Low 7 d/yr ≥87°F today · 12 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,955
• − Mortgage interest: −$5,013
• − Property taxes: −$2,959
• − Insurance: −$448
• − Repairs & maintenance: −$1,356
• − Management: −$1,356
• − Depreciation: −$2,604
• Taxable income: $3,219
• Est. tax owed @ 24.0%: −$773
• After-tax cash flow: $3,583/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Public Schools Of Calumet Laurium & Keweenaw
• NCES district ID: 2607690
• Math proficiency: 37% ▼ -7.00%
• Reading proficiency: 54% ▲ 2.00%
• Median HH income: $34,585
• Composite: 37.51/100
• National rank: #4398
• State rank: #160 of 540 in MI

Livability — Calumet

• Score: 60/100
• State rank: #585
• US rank: #18953

Category grades

Amenities F Commute F Cost of living A+ Crime F Employment F Housing A Health & safety C- User ratings B

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Calumet, MI
• Population (ZIP): 7,483

Population outlook (Houghton County) Hauer SSP2

• Today (2025): 35,073 people
• By 2030: 34,645 · -1.2%
• By 2040: 33,248 · -5.2%
• By 2050: 31,625 · -9.8%
• By 2075: 28,105 · -19.9%
• By 2100: 23,274 · -33.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Two or more races 3% Asian 2% Hispanic / Latino 2%
• Common ancestry: Lithuanian 4% Iranian 4% Romanian 2%
• Foreign-born: 3% · China, Canada
• Languages at home: 95% English-only · Chinese 1% Spanish 1% German/W. Germanic 1%

Political lean MEDSL · Houghton

• 2024 margin: R (+17.0) · D 40.7% · R 57.7% · Other 1.6%
• 2008→2024 swing: -13.1pp toward R · 2008: -3.9pp · 2024: -17.0pp
• All cycles: 2024: R+17.0 2020: R+14.2 2016: R+15.7 2012: R+10.2 2008: R+3.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -71.04%
• Current HPI: 131.8527
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 1.37%
• F500 in state: 28

Industry mix (Fortune 500 HQ in MI)

Industry	F500 HQs	Revenue
▸Automotive Parts	3	$48B
▸Automotive	2	$372B
▸Chemicals	1	$45B
▸Automotive Retail	1	$29B
▸Healthcare / Medical Devices	1	$23B
▸Automotive Technology	1	$20B

Price history

+155.1% since first listed

14 events — show timeline

• 2026-05-22 Relisted — MiRealSource-MiMLS
• 2026-05-11 Contingent — MiRealSource-MiMLS
• 2026-04-27 Listed $99,500 UPAR
• 2026-04-27 Listed $99,500 MiRealSource-MiMLS
• 2022-03-23 Sold (Public Records) $50,000 Public Records
• 2022-03-21 Sold (MLS) $50,000 UPAR
• 2022-01-13 Listed $60,000 UPAR
• 2018-11-30 Sold (MLS) $23,000 UPAR
• 2018-10-12 Sold (Public Records) $106,500 Public Records
• 2018-05-23 Listed $29,900 UPAR
• 2015-05-06 Sold (MLS) $30,000 UPAR
• 2015-04-22 Listing Removed — MiRealSource-MiMLS
• 2015-01-23 Listed $39,000 MiRealSource-MiMLS
• 2014-07-22 Listed $39,000 UPAR

Property tax history

+12.0%/yr

Latest (2025): $2,959 · +0.5% YoY. Source: county tax records.