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$720,000
2 Baths 1950207 MLS Wildwood Park BLDG.
Rare Spider Lake waterfront investment opportunity featuring two separate, nicely updated cottages on a deep, level lot with a sandy beach and beautiful lake frontage. The property includes a 1-bedroom, 1-bath cottage and a 2-bedroom, 1-bath cottage with sunroom and large lakeside deck. Both cottages are comfortable and appealing, with mini-splits for efficient heating and cooling, and have an established rental history.------ A major advantage is the property's Cabin Court designation by the township, making it exempt from local short-term rental restrictions—an increasingly valuable feature in the Traverse City area. This provides excellent flexibility for continued vacation rental use, owner occupancy combined with rental income, extended family use, or a waterfront retreat.----------- Offered turnkey, including furnishings, household goods, kayaks and much of what is needed to continue operating and enjoying the property from day one. Spider Lake is a highly desirable all-sports lake just minutes from downtown Traverse City. The property is also convenient to the VASA Trail, extensive state land, hiking, biking, ORV trails and year-round recreation. A unique opportunity to own two waterfront cottages with sandy frontage, proven rental potential and an outstanding Traverse City location.

4256 North Spider Lake Road, Traverse City

$599,900
2 Baths 1950184 MLS Hannah Lay & Co's 3rd Add BLDG.
Slabtown homes don't turn over often, and a true two-residence property here turns over even less. This is a rare opportunity to let a second residence help offset the mortgage while putting you in one of Traverse City’s most walkable, sought after locations. The neighborhood lives up to the reputation, with multiple parks, the TART Trail and a beach just blocks away. Local staples like Slabtown Burgers, Tom's Food Markets, and Dairy Lodge are all within easy reach, so plenty of errands turn into a walk instead of a drive. The home offers two distinct living spaces, each with its own entrance, kitchen, and bath. Use the secondary living quarters as a rental to help offset the mortgage, create a comfortable mother-in-law suite, give adult kids their own space when they move back home, accommodate a caretaker, host long-term guests, or simply keep a separate space for work or hobbies. The main home features refinished hardwood floors and an updated bathroom, while the three-stall garage brings serious utility, including one bay with a raised door built for a boat. A large concrete parking pad alongside the garage provides even more room for vehicles or a trailer. Out back, a generous yard framed by mature trees leads to a patio to catch the afternoon sun. There’s plenty of room to spread out, entertain, garden, or simply enjoy having outdoor space of your own. Income, family, guests, caregiving, or just more room to live, this is a property that can evolve with you. In a neighborhood where opportunities like this rarely come along, the flexibility is already built in. This is Slabtown living, ready for its next owner.

131 N Spruce, Traverse City

$539,900
4 Baths 1950164 MLS Bayside Add BLDG.
Turnkey Four-Unit Investment Set on a rare double lot (.19 acres) just off East Front Street's downtown-to-bay corridor, this four-unit property offers a strong income stream in one of Traverse City's most walkable, in-demand locations. Mature trees give the property a shaded, established feel just minutes from downtown shops, restaurants, and the East Bay waterfront. Three of the four units are currently leased, generating $3,425/month in combined rent; Unit 2 is available and listed at $1,750/month. Units 2 and 4 have been most recently updated, and Unit 3 includes its own washer and dryer. Each unit offers a private entryway and an efficient layout that appeals to a steady renter pool. This walk-everywhere location has a track record of long-term tenants. On-site parking for tenants is located in the rear of the building, off the alley. This is a compelling opportunity for an investor to step into immediate cash flow while retaining long-term upside through lease renewals and light updates.

1055 E Front Street, Traverse City

$1,899,000
5 Baths 1950006 MLS
This exceptional Long Lake offering with 143 feet of private sandy beach frontage, a main home, and separate cottages is a prime opportunity for both personal enjoyment and income. The boathouse on the property is an additional bonus with lot's of storage for toys and lawn equipment. Just a short drive from downtown Traverse City, this property offers the best of lake living with the flexibility to use it in a variety of ways. Enjoy boating, swimming, sunsets, and summer days on the water, while the additional cottages provide excellent potential for rental income, guest accommodations, or extended family. The property’s Hamlet zoning designation allows for commercial uses, adding even more flexibility and opportunity for the next owner. Whether envisioned as a private family retreat, vacation rental, investment property, or a combination of uses, the possibilities are plentiful. With Long Lake at your doorstep and Traverse City, Lake Ann, and Silver Lake nearby, this is a truly special property with rare waterfront, multiple structures, flexible zoning, and strong income-producing potential.

9321 N Long Lake Road, Traverse City

$4,260,000
1949598 MLS Old Mission Peninsula BLDG.
The historic Old Mission Inn is a beautifully restored Victorian hotel in the heart of Traverse City's renowned Old Mission Peninsula wine region. Situated on approximately 10 scenic acres with favorable zoning, this iconic property offers 13 guest rooms, 11 baths, a spacious commercial kitchen, elegant dining areas, and a large covered porch with beautiful Lake Michigan views.------ Included in the sale is the thriving Mission Bay Café, now open to the public and becoming a popular destination for both locals and visitors. An exceptional opportunity for a boutique inn, restaurant, wedding and event venue, or expanded hospitality business.----- Please do not visit or contact staff regarding the sale. All showings are by appointment only, and proof of financial ability is required prior to scheduling tours.

18599 Mission Road, Traverse City

$595,000
1949365 MLS
Exceptional value is evident with these three properties; they are contiguous and collectively provide an excellent investment opportunity. These properties have been used for commercial use as well as professional office and warehouses over the past several decades. 3 individual and contiguous properties all affordably priced offering several options depending on your usage. You could use these properties for your own offices, or you could use them as investment property and rent each unit individually, you could also use or rent out the 4,800 sq. ft. of storage in the large 60X80 building. Another thought is considering the need for housing in and near downtown Traverse City and zoning being R-3, this location and these properties highest and best use may very well be an excellent location for apartment buildings or a condominium location. The adjoining property on the eastern boundary is owned by MDOT and the City of Traverse City providing an expansive open area extending all the way to Boardman Lake for future generations. The walking trail is contiguous to the southern boundary for easy access for exercising and watching sunrises over Boardman Lake. Downtown Traverse City is just a short walk as well to enjoy and experience the many excellent restaurants and wonderful shopping opportunities. Collectively there is over 9,000 sq ft of warehouse, 2,275 sq ft of offices, and over 38,000 sq ft of property, that in total is just under 1 full acre! There are so many options being offered for either personal use or for an investor, any way you consider it these properties are certainly one of the better investments for this location of Traverse City.

723 Lake Avenue, Traverse City

$495,000
1949270 MLS
Exceptional value is evident with these three properties; they are contiguous and collectively provide an excellent investment opportunity. These properties have been used for commercial use as well as professional office and warehouses over the past several decades. 3 individual and contiguous properties all affordably priced offering several options depending on your usage. You could use these properties for your own offices, or you could use them as investment property and rent each unit individually, you could also use or rent out the 4,800 sq. ft. of storage in the large 60X80 building. Another thought is considering the need for housing in and near downtown Traverse City and zoning being R-3, this location and these properties highest and best use may very well be an excellent location for apartment buildings or a condominium location. The adjoining property on the eastern boundary is owned by MDOT and the City of Traverse City providing an expansive open area extending all the way to Boardman Lake for future generations. The walking trail is contiguous to the southern boundary for easy access for exercising and watching sunrises over Boardman Lake. Downtown Traverse City is just a short walk as well to enjoy and experience the many excellent restaurants and wonderful shopping opportunities. Collectively there is over 9,000 sq ft of warehouse, 2,275 sq ft of offices, and over 38,000 sq ft of property, that in total is just under 1 full acre! There are so many options being offered for either personal use or for an investor, any way you consider it these properties are certainly one of the better investments for this location of Traverse City.

807 Lake Avenue, Traverse City

$395,000
1949269 MLS
Exceptional value is evident with these three properties; they are contiguous and collectively provide an excellent investment opportunity. These properties have been used for commercial use as well as professional office and warehouses over the past several decades. 3 individual and contiguous properties all affordably priced offering several options depending on your usage. You could use these properties for your own offices, or you could use them as investment property and rent each unit individually, you could also use or rent out the 4,800 sq. ft. of storage in the large 60X80 building. Another thought is considering the need for housing in and near downtown Traverse City and zoning being R-3, this location and these properties highest and best use may very well be an excellent location for apartment buildings or a condominium location. The adjoining property on the eastern boundary is owned by MDOT and the City of Traverse City providing an expansive open area extending all the way to Boardman Lake for future generations. The walking trail is contiguous to the southern boundary for easy access for exercising and watching sunrises over Boardman Lake. Downtown Traverse City is just a short walk as well to enjoy and experience the many excellent restaurants and wonderful shopping opportunities. Collectively there is over 9,000 sq ft of warehouse, 2,275 sq ft of offices, and over 38,000 sq ft of property, that in total is just under 1 full acre! There are so many options being offered for either personal use or for an investor, any way you consider it these properties are certainly one of the better investments for this location of Traverse City.

811 Lake Avenue, Traverse City

$325,000
2 Baths 1948200 MLS N/A BLDG.
Investment Opportunity in the Heart of Downtown Traverse City. This 1,428-square-foot home sits on 0.09 acres along the highly desirable Eighth Street corridor, within walking distance to downtown shopping, restaurants, beaches, parks and trails. Currently configured as two long-term rental units, each apartment offers it's own kitchen and living room plus 2 bedrooms and 1 bathroom. The property is fully leased, and the current tenants would like to remain in place, providing immediate rental income for an investor seeking a stable, as-is opportunity. The property has been priced to reflect its condition and offers tremendous upside for buyers looking to renovate or redevelop. D-2 Zoning offers long-term rentals, short-term rentals or commercial. Unlock the potential with its flexible zoning and prime location, this property offers numerous possibilities. Please review list in associated documents. Whether you're an investor, developer, or someone looking for a downtown renovation project, this property offers the rare combination of current income, future potential and an outstanding location. Seller is a licensed Real Estate Broker in the State of Michigan.

633 E Eighth, Traverse City

$550,000
3 Baths 1947705 MLS
Excellent Investment Opportunity at the Base of Old Mission Peninsula! This well-maintained duplex offers outstanding income potential with a proven rental history and current gross rental income of $4,790 per month. The property features three income-producing units, providing flexibility for investors or those seeking an owner-occupied opportunity. The duplex can also be converted back to a single-family home. Unit A (Main Level) offers 3 bedrooms, 1 bath, and an attached two-car garage. Unit B (Upper Level) features 2 bedrooms, 1 bath, in-unit laundry, and a private deck. A separate, non-conforming Cottage (Unit C) includes 1 bedroom and 1 bath, creating an additional income stream. Ideally located in one of Traverse City's most desirable in-town neighborhoods at the base of Old Mission Peninsula, the property is just two blocks from East Bay Beach, with convenient access to Northern Michigan College, Eastern Elementary, Central High School, downtown Traverse City, shopping, restaurants, beaches, and the TART Trail. Whether you're looking to expand your investment portfolio or convert the duplex back to a single-family home, this is an exceptional opportunity in a highly sought-after location.

316 Huron Street, Traverse City

$424,900
2 Baths 1946116 MLS N/A BLDG.
Turn-key duplex ready to be house hacked with a tenant already in place on one side and the vacant side freshly updated with new paint, light fixtures, and whole kitchen remodel. Just 12 minutes to Traverse City and 5 minutes to Spider and Arbutus lake this duplex location is hard to beat. Both units have separate garages in the center of the duplex meaning no shared walls or hearing your neighbors. New windows installed in the rented unit in 2019 and mechanicals updated in both units in 2026. Iron sulfur buster water systems installed in both units by Culligan in 2019 and are owned. Property is on a private well and septic that services both units. Duplex sits on over an acre lot meaning ample yard space for tenants enjoyment. Extremely versatile property, use as an income producing investment, live in one side and rent the other to offset your living costs, or could work well for multi-generational living.

3434 & 3436 Mahoney Drive, Traverse City

$454,900
2 Baths 1945614 MLS Belvedere BLDG.
Duplex Living in Traverse City! Flexible affordable housing! (2) spacious two bedroom 1,152 apartments with attached garages and almost an acre. Recently updated including Paint, flooring, bathroom, and appliances. Live in one, rent the other. Both units fully furnished and ready to move into. Use as up North getaway, Weekly, nightly, or monthly rental. Invest in Northern Michigan. Meticulously maintained and passes the white glove test! Immediate occupancy and available for a quick close. Interior and exterior drone tour by clicking virtual tour link. Seller cashed flow by short term weekly and monthly rentals, traveling nurses...Blair Twp allows short term rentals. Furnished can bring a premium.

284 Astro Drive Unit 286, Traverse City

$437,500
4 Baths 1942885 MLS Perry Hannahs 1st BLDG.
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.

517 S Oak Street, Traverse City

$975,000
8 Baths 1941920 MLS Northern Estates Condominiums BLDG.
An excellent investment opportunity featuring two well-maintained, side-by-side duplexes situated on adjacent lots on a quiet cul-de-sac. Combined, the properties sit on over an acre and a half and offer four total units, each with a functional 3-bed, 2-bath layout designed for ease, comfort, and strong rental appeal. All units include spacious living areas, practical kitchens, sizable bedrooms and large back decks. With a long-standing rental history and tenants already in place, both duplexes offer true turn-key cash flow with low vacancy and consistent demand. Thoughtfully cared for over the years, these properties present a rare chance to acquire multiple performing rental units in one purchase — ideal for the seasoned investor or those looking to expand their portfolio in a stable and peaceful setting.

2473 & 2481 Woodcock Lane, Traverse City

$915,000
4 Baths 1939812 MLS Metes & Bounds BLDG.
Unlock the potential of not one, but three income-producing properties - being sold together as a rare package deal right in downtown Traverse City. Located on E Eighth Street, these neighboring homes (637, 639 & 641) offer an exceptional opportunity for short- or long-term rental income, multi-generational living, or redevelopment possibilities. • 637 E Eighth St – 2 bed, 2 bath • 639 E Eighth St – 3 bed, 1 bath • 641 E Eighth St – 3 bed, 1 bath Each home sits on its own parcel, creating flexibility for your investment strategy. Whether you’re looking to live in one and rent the others, expand your portfolio, or explore future development, this location sets you up for success. Just blocks from downtown dining, shopping, beaches, the TART Trail, and Boardman Lake - this is walkable Traverse City living at its finest. Properties like this don’t come around often.

637,639,641 E Eighth Street, Traverse City

$550,000
3 Baths 1933906 MLS Oak Heights Add. BLDG.
Prime Downtown Traverse City Duplex – Exceptional Investment or Owner-Occupied Opportunity-- Fully leased for instant cash flow!!! Located in the heart of Downtown Traverse City, this well-maintained duplex offers the perfect blend of modern living and unbeatable convenience. Each spacious unit features 1,352 sq ft of thoughtfully designed living space with 3 bedrooms, 2.5 bathrooms, and an open-concept main floor ideal for both relaxation and entertaining. Built in 2013 with quality craftsmanship, both units include full, unfinished basements with egress windows—providing excellent potential for future expansion or added value. A deep lot adds privacy and green space, while the detached garage offers off-street parking and additional storage. Residents will enjoy being just a short walk to the beach, restaurants, boutiques, and all the vibrant amenities of downtown living. With a strong rental history and desirable layout, this property is a rare find—perfect for investors or those looking to live in one unit and rent the other. Don't miss this unique opportunity in one of Traverse City's most sought-after neighborhoods.

844 E Eighth Street, Traverse City

$440,000
3 Baths 1933656 MLS Boardman Oak Park BLDG.
Investors—Get READY! Don't miss this incredible opportunity to own a 3-unit multi-family home located in the heart of NoBo (North Boardman), a vibrant residential neighborhood in downtown Traverse City. Just one block from Hull Park and the TC Public Library, this property offers prime access to Boardman Lake. There are grassy picnic areas, benches, a small pavilion, and a butterfly garden filled with sculptures. The scenic Boardman Loop Trail meanders along a four-mile paved walkway through wooded paths that completely encircle the lake. The basement has been structurally reinforced, and the egress windows were repaired. The main floor was leveled. One chimney was removed entirely, while the remaining chimney was professionally capped. A new fence was added to the east side of the backyard. Gravel was placed in the parking area to improve both function and appearance. Inside, the staircase carpet has been replaced, and the entryway was upgraded with hook-ups to accommodate a W/D. Keyless entry systems were installed at the front and back doors for convenience and security. The sewer line was scoped and cleaned to ensure optimal performance. The main-level unit was repainted entirely, and the floors were replaced with high-quality luxury vinyl plank. All interior doors were replaced, and new hardware was installed throughout. Updated lighting fixtures were added in every room, and all window treatments, including blinds and drapes, are brand new. In the bathroom, the toilet was replaced. The kitchen underwent a complete renovation, including brand new cabinetry, new countertops, a stylish backsplash, new sink and fixtures, a modern ventilation hood, and a new refrigerator and microwave. With its unbeatable location and proximity to parks, recreation, and downtown amenities, this is a smart investment for anyone looking to expand their real estate portfolio.

514 E Eighth Street, Traverse City

$330,000
2 Baths 1933050 MLS Fernwood Sub BLDG.
Located in downtown Traverse City, close to the Grand Traverse Commons, and just steps from Thirlby Field, this 4 bed/2 bath home offers flexibility for a variety of uses. With zoning that allows for a second dwelling to be built on the back of the lot, the possibilities here are wide open. Create a multi-family setup, add an accessory unit, or simply enjoy the space as a single-family residence. Recent updates include fresh exterior paint and brand-new double-paned windows throughout, boosting efficiency and curb appeal. The layout is ideal for someone looking for a primary home with income potential, or for an investor seeking a rental duplex property in a highly desirable location. With shops, restaurants, hiking trails, and parks just a short distance away, this property offers the perfect combination of location, versatility, and opportunity.

205 W Fourteenth Street Unit 1 & 2, Traverse City