Four units with great rental income! Convenient location -

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Home Active Under Contract

432 Lockwood St

Alpena, Michigan 49707

Alpena County

Community: Olivers Add

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$249,900 5 br, 4.0 bath 2171 sq. ft. 0.000 acres

Four units with great rental income! Convenient location - within walking distance to downtown, each unit has updated flooring, kitchen cabinets/counter tops and other upgrades. Vinyl windows installed throughout the building. An added bonus is the brand new coin operated laundry with keypad entry! Each unit is equipped with a stove and refrigerator. There's a 20x22 detached garage that can be used for storage or for extra rental income. Property is on a large city lot (66x140) so there is plenty of on site parking for tenants. Easy access from the street or alley. House roof was replaced in 2013. Garage shingles and some rafters replaced in 2011. City rental permit is on file. Owner pays for heat and water for all units and electricity for the two lower unit

Interior:
  • Bedrooms: 5
  • Baths: 4.0
  • Sq Ft: 2171
  • Year Built: 0
  • Utilities: 
  • Fireplaces: 
  • Stories: 2
  • Heat/AC: Baseboard, Natural Gas
  • Garage: 
Exterior:
  • Lot Size: 0.000 acre
  • Lot Dimensions: 
  • View Types: 
  • Yard: 
  • Siding: Vinyl
  • Roof: 
  • Property Taxes: $3,372
  • MLS #: 201840043
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Contact Information:
Beach Home Active Under Contract in Alpena, Michigan
Listing Agent: Robert I Sylvester, Banner Realty, 989-255-3479, 989-356-1177 Listing Site, Listing Status: Active Under Contract
Copyright © 2026 Water Wonderland Board of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 7726336
Viewed 30 times.
Updated: May 17, 2026

This property is a Home located at 432 Lockwood St, Alpena, Michigan 49707, and is currently Active Under Contract at $249,900. This Home has 5 bedrooms, 4.0 baths, 2171 sq ft.