517 S Oak Street, Traverse City, MI 49684

$437,500
4
BA
2,158
SqFt

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Sold Price
$437,500
List Price
$450,000
Closing Date
Jun 01, 2026
Days on Market
34
Status
SOLD IN HOUSE
MLS#
1942885
Bathrooms
4
Living Area
2,158
Lot Size (Acres)
0.1
Year Built
1900

Property Description

Well-located fourplex just a short walk from all the shops, restaurants, and amenities of downtown Traverse City, making it a highly desirable location for both current and future tenants. Each of the four units features 1 bedroom and 1 bathroom, with two units on the main level and two on the upper level, all with private entrances. The property also offers a shared coin-operated laundry room in the basement for tenant convenience. Each unit is individually metered for gas and electric, providing the opportunity for a future owner to adjust utility responsibilities if desired. Each unit includes one parking space, and rents currently include utilities. Utilities currently paid by the landlord include: electricity, natural Gas / propane, water & sewer, trash collection, recycling. This is a strong opportunity to own a well-positioned multi-unit property in one of Traverse City’s most walkable locations.

Additional Information

Building Name
Perry Hannahs 1st
Stories
2
Interior Features
None
Amenities
None
Exterior Features
Sidewalk
Heating
Wall Furnace, Natural Gas
Water
Public
Sewer
Public Sewer
School District
Traverse City Area Public Schools

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing Courtesy of Coldwell Banker Schmidt Traverse City. 231-922-2350

Selling Office: All Non Member Activity.