E Montezuma

Houghton | Michigan

The Tapestry of

Building Life

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Kristine Jukuri Weidner

Presented At

$940,000

Bedrooms

Bathrooms

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208

E Montezuma

Houghton | Michigan

208 E Montezuma, Houghton, MI 49931, Houghton, Michigan, United States. , Houghton , Michigan 49931

5 Bedrooms Multi Family (2 4 Units)

Downtown Houghton ‹“ Mixed use building in the heart of the City of Houghton! Building is currently set up as 2 commercial units and 2 residential units with 6 parking spaces in garage beneath the units. The location is fantastic located one block above the main Street of Houghton with restaurants, shopping, waterfront parks, trail along the lake, close to Michigan Tech and more! Unit 1 has 2 private offices, reception/waiting area, supply room and half bathroom. Unit two includes 3 offices, reception area and half bathroom. The third office has access options from either Unit 1 or 2, depending on the lease terms and currently included in Unit 2's lease. Unit 3 is a 3 bedroom, 1 bathroom apartment with eat-in kitchen, living room. Unit 4 is a 2 bedroom, 1 bathroom apartment with eat-in kitchen and living room. Both residential units have granite counters, beautiful cabinetry and access to their own half of the deck overlooking the downtown building-scape, glimpses of the Portage Lake Lift Bridge, the hillside across the Portage and maybe even a glimpse of the water from some angles. Units 1, 3 and 4 have access through the drive under garage. Currently the 6 parking spaces are allocated: Unit 2 has 1, Unit 3 has 3 and Unit 4 has 2. Each unit has separate utilities that tenants pay. Building has fire suppression system. Residential leases are through June 2025. Commercial leases are through November 2025. Each unit has own heating system and water heater. Staircase inside building to access roof. Property zoning is B-3 (General Business). Some photos are from previous years between tenant occupancies. Prequalification letter is required for showings. Prequalification letter and non-disclosure agreement is required to review lease information. Year Built: Foundation is original from 1900. Main level was constructed in 2010. NOTICE: All information believed accurate but not warranted. Buyer recommended to inspect all aspects of the property & bears all risks for any inaccuracies. Buyer to verify all information including but not limited to the estimated acreage, lot size, square footage, utilities (availability & costs associated). Buyer should not assume the buyer's taxes will be the same as seller's present tax bills. Taxes are subject to change (possibly significant) & property will be reassessed by the municipality after sale is completed. Sellers/Tenants may have audio/video recording devices present on property and buyers and agents consent to being recorded by entering property. OFFERS: 72 hours response time requested on offers. Seller, at seller's sole discretion, with or without notice, reserves the right to set and/or modify offer submission & response deadlines.

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3D Street View Tour

Property Location

208 E Montezuma, Houghton, MI 49931, Houghton, Michigan, United States., Houghton Michigan

Local Weather & Climate

Houghton, Michigan

Current Conditions Updated recently

28 °F

Mist

Feels Like 16°F

Humidity 97%

Wind 21 mph

Visibility 0.7 mi

Sunrise 12:11 PM

Sunset 11:56 PM

5-Day Forecast

Fri 13 Mar

Snow

High 28°

Low 26°

Sat 14 Mar

Clouds

High 29°

Low 8°

Sun 15 Mar

Clouds

High 27°

Low 20°

Mon 16 Mar

Snow

High 20°

Low 10°

Tue 17 Mar

Snow

High 12°

Low 7°

Data from OpenWeatherMap

Walkability & Transit Scores

How easy is it to get around Houghton?

Walkability and transit scores for this address come from the EPA National Walkability Index.

Mortgage Calculator

Estimate your monthly payments for this property

Home Price

Down Payment

$100,000

Interest Rate

Loan Term

Estimated Monthly Payment $3,160

Monthly Payment Breakdown

Principal & Interest $2,528

Loan Amount $400,000

Total Interest $337,621

Total Cost $737,621

Potential Tax Benefits (United States)

$0 Est. First Year Interest Deduction

$0 Est. Annual Tax Savings

*Based on post-2017 tax law. Actual deductions depend on filing status, itemization, and current tax laws.

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Important Information

This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
Monthly payment estimates do not include property taxes, homeowner's insurance, HOA fees, or other applicable costs which may significantly increase your actual payment.
Interest rates shown are for demonstration only. Actual rates depend on your credit score, down payment, loan type, property location, and current market conditions.
This tool provides estimates only. Consult with a licensed mortgage professional for accurate quotes and personalized advice.
Tax benefit calculations are simplified estimates based on general assumptions for United States. Actual deductions depend on your specific tax situation, filing status, and current tax laws.
Tax Year Information: Tax data shown is based on United States tax year 2025 (fiscal year: January-December), rules effective from 2018 through 2025. Tax laws change frequently and may have been amended since this data was compiled.

Tax Information Disclaimer

The tax benefit information displayed on this page is provided for general informational and educational purposes only. This information:

Does not constitute tax advice and should not be relied upon as such. Tax laws are complex and vary by jurisdiction, individual circumstances, and are subject to change without notice.
May not be current or accurate for your specific situation. Tax rules are updated frequently by governments, and the information shown may not reflect the most recent changes.
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Before making any decisions based on potential tax benefits, you should consult with a qualified tax advisor, certified public accountant (CPA), or licensed tax professional who can evaluate your specific circumstances and provide advice tailored to your situation.

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$940,000

208 E Montezuma, Houghton, MI 49931, Houghton, Michigan, United States.

Houghton, Michigan 49931

5 Beds

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Market Opinion

Luxury 5.2× median

View prices in:

Our perspective on current market conditions in Houghton. For informational purposes only — always consult a licensed real estate professional before making decisions.

Good Time to Buy

Market conditions favor buyers. Consider making a move.

Buyer Score

Prices are down 20.5% year-over-year

Homes are taking 80 days to sell - more time to negotiate

Local Market Price Trends

Median home sale prices in Houghton, Michigan — ZIP code 49931 over the last 24 months. This shows how property values in this neighborhood have changed over time, helping you understand whether the market is appreciating, stable, or cooling.

This property is listed at $940,000

Area median: $180,500

-20.5% year-over-year (well below the 3.5% historical avg)

Market Competition

80 days

Days on Market

Above typical

99%

Sale-to-List Ratio

Below asking

Future Value & Wealth Building

Starting investment: $940,000 20% down ($188,000)

42.4 years

Double Your Investment

Based on current market trends, your property value could double

$461,707

10-Year Equity

Your potential equity after 10 years of payments and appreciation

$5,003

Monthly Investment

Estimated monthly mortgage payment (principal & interest)

$1,535,350

30-Year Wealth Potential

Total equity after full mortgage payoff with market appreciation

2.5x

Leverage Power

Your $188,000 down payment could grow to $461,707 in equity (10 yrs)

Investment Perspective

$1 → $1.18

Every dollar invested today could become $1.18 in 10 years

$100 → 118 $1,000 → $1,178

$42/day

Your home may appreciate while you sleep

$298/week $1,292/mo $15,500/yr

$100K Investment Comparison (10 Years)

Real Estate (Leveraged)

$189K

S&P 500 Index

$259K

High-Yield Savings

$155K

Real estate leverage: potential -27% advantage over stocks

-$517K

+$462K

$462K Potential Equity

vs $517K lost to rent over 10 years

$188K Down Payment Growth

2.5x

10yr

$462K

4.6x

20yr

$873K

8.2x

30yr

$1.5M

Wealth Comparison

×4

Equivalent to 4 average US homes

top 10%

US household wealth ranking

Median: $193K Yours: $1.5M

Time to Double Your Investment (accounting for market cycles)

60.5

years

Conservative

1.15% effective/yr

42.4

years

Market-Based Opportunity

1.65% effective/yr

26.6

years

Optimistic

2.64% effective/yr

Projected Home Values (adjusted for market cycles)

10 Years

Conservative $1.1M +12%

Market $1.1M +18%

Optimistic $1.2M +30%

$462K est. equity

20 Years

Conservative $1.2M +26%

Market $1.3M +39%

Optimistic $1.6M +68%

$873K est. equity

30 Years

Conservative $1.3M +41%

Market $1.5M +63%

Optimistic $2.1M +119%

$1.5M est. equity

Historical Market Context

How current appreciation compares to long-term averages

National Long-Term Average

4.27 %

1967 – 2024

57 years of U.S. home price data

Recent Decade Average

6.5 %

2014 – 2024

Post-recovery bull market

Opportunity Zone

Current 2.5% appreciation is below the national historical average. This market may offer value opportunities.

Projections account for historical market cycles (~12% corrections every 6 years). Effective annual growth after corrections: 1.6%. Market scenario reflects current 2.5% YoY trend from Redfin (Mar 2026). These projections are estimates only and actual results may vary. Past performance does not guarantee future results.

Important Disclaimer

The information presented in this Market Opportunity Opinion is provided for informational and educational purposes only and should not be construed as financial, investment, legal, or real estate advice. This analysis represents our opinion based on publicly available data and should not be relied upon as the sole basis for any real estate or investment decision.

No Guarantee of Accuracy: While we strive to provide accurate and up-to-date information, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, or suitability of the data, projections, or analysis contained herein. Market conditions can change rapidly and unpredictably.

Not Professional Advice: This content does not constitute professional real estate, financial, or investment advice. We strongly recommend consulting with qualified professionals—including licensed real estate agents, financial advisors, attorneys, and tax professionals—before making any real estate or investment decisions.

Past Performance Disclaimer: Historical data and trends presented do not guarantee future results. Real estate markets are subject to numerous factors beyond the scope of this analysis, including economic conditions, interest rates, local regulations, and unforeseen events.

By viewing this information, you acknowledge that you understand these limitations and agree that the property owner, listing agent, brokerage, and platform providers shall not be held liable for any decisions made based on this analysis.

Data from U.S. Census Bureau, World Bank, Zillow, and Redfin | Market data updated Mar 2026

Neighborhood Demographics

ZIP 49931 • 2022 ACS Data

10,282 Population

Median Age: 22.0

$38,750 Median Income

Below Average

$215,200 Median Home Value

Rent: $825

57.1% College Graduates

High

Housing

Homeowners 37.3%

Renters 52.3%

Vacancy Rate 10.4%

Employment

9.5% Unemployment

6.5% Work From Home

Education Attainment (Age 25+)

High School+ 95.2%

Bachelor's+ 57.1%

Graduate+ 39.2%

Data from U.S. Census Bureau American Community Survey 2022

Local Market Trends

Real estate market data for Houghton

Balanced Market Balanced market conditions

$180,500

Median Sale Price

$143

Price per Sq Ft

Avg Days on Market

Data provided by RentCast

Frequently Asked Questions

Common questions about this property

How many bedrooms and bathrooms does 208 E Montezuma, Houghton, MI 49931, Houghton, Michigan, United States have?

This apartment at 208 E Montezuma, Houghton, MI 49931, Houghton, Michigan, United States features 5 bedrooms.

What is the listing price for 208 E Montezuma, Houghton, MI 49931, Houghton, Michigan, United States?

This property is listed at $94,000,000.

What are the current real estate market conditions in Houghton?

In Houghton, home prices have decreased 20.5% over the past year, homes typically sell within 80 days, it's currently a unknown. These market conditions can affect pricing strategies and negotiation opportunities.

Is now a good time to buy a home in Houghton?

Based on current market indicators, Houghton shows an active market. The market opportunity score is 74 out of 100, reflecting factors like price trends, inventory levels, and days on market.

What type of property is 208 E Montezuma, Houghton, MI 49931, Houghton, Michigan, United States?

This is a apartment located in Houghton, Michigan. The property is situated in an established neighborhood with convenient access to local amenities and services.

Brokerage: