Traverse City MI Multi-Family Real Estate, Homes for Sale

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

$385,000

2 Baths ⋅ 1950126 MLS ⋅ Hearthside Acres BLDG.

Turnkey income property in the desirable Hearthside Acres neighborhood of Garfield Township! This well-maintained side-by-side duplex offers two identical units, each featuring 3 bedrooms, 1 bath, and 877 square feet of comfortable living space with a living room, eat-in kitchen, and in-unit washer/dryer hookups. Currently occupied with reliable rental history, this property is an excellent addition to any investment portfolio or a great owner-occupy option. Located within Traverse City Area Public Schools and just minutes from downtown TC, shopping, and all the Grand Traverse region has to offer. Don't miss this rare multi-family opportunity in a fast-growing market!

4364 Wyatt Road, 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

$449,900

1948191 MLS ⋅ Windcrest Hills BLDG.

Nicely updated, well maintained duplex in East Bay township. Great location, near trails, shopping, schools. Nice, large backyard opens onto beautiful woods. One side isrecently vacant, the other is under lease until the end of 2026. For the convenience of the tenants, showings are limited. Great cash flow.

2688 Windcrest Lane, 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

$400,000

2 Baths ⋅ 1944827 MLS ⋅ N/A BLDG.

This is a your opportunity to invest in an excellent income property with strong rental history. Conveniently located off of Five Mile Road in East Bay Township. This home has been well-maintained and recently updated with new windows, doors, kitchen flooring, cabinets, and flooring. Each unit has it's own laundry hookup. Fully encapsulated crawlspace. There is presently a 2-stall garage but property allows for an additional 1400 sq foot garage to be built. Property includes 2 septic systems which have been regularly pumped.

3111 Cresthill Lane, Traverse City

$3,500,000

11 Baths ⋅ 1944464 MLS ⋅ Abba's House BLDG.

Just 8 minutes from downtown Traverse City, this exceptional 40-acre property offers endless potential. With 8 homes totaling over 16,000 square feet and 4 large barns, it’s ideal for a variety of ventures—think destination wedding venue, retreat center, boutique resort, private school, or family compound. Capacity to hold over 80 guests! The blend of open fields, wooded privacy, and close proximity to town creates a one-of-a-kind setting for residential, commercial, or creative redevelopment opportunities.

55 S Hope Ridge, Traverse City

$849,000

1944133 MLS ⋅ 1627 Rasho Rd BLDG.

Updated 4-unit property on the east side of Traverse City near Timber Ridge. 1627 Rasho Rd features three 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, with shared front/rear entry and common laundry. Major 2023/2024 improvements include new flooring, countertops, appliances, lighting, paint, HVAC units, 3 new water heaters, exterior paint, and a new roof in February 2024. Detached 5-stall garage, adjacent deck area, and large lawn bordering woods. Gross monthly income of $6,814 includes rent, pet rent, and trash fees.

1627 Rasho Road, 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

$220,000

2 Baths ⋅ 1941570 MLS ⋅ Wilbur Woods BLDG.

Discover a promising investment opportunity in Traverse City, Michigan. This ranch-style duplex features two identical units on a spacious lot, offering significant potential for both interior renovations and outdoor improvements. The property boasts a consistent rental history, making it an attractive income-generating asset. Perfect for investors seeking a reliable project with room for value enhancement through strategic upgrades. Convenient location close to all amenities.

1638-1640 S Garfield Avenue, 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

$530,000

1939109 MLS ⋅ Boardman-Oak Park BLDG.

Discover the perfect blend of comfort, convenience, and ideal location with this charming duplex located in the vibrant heart of Traverse City. Consider restoring this duplex to its original form and converting it into a spacious, vibrant residential home, and enjoy a front-row seat to all of Traverse City's events! This location allows you to walk to all of the downtown attractions and activities, including Little Fleet, Bubba's, the State Movie Theatre, and everything else Downtown Traverse City has to offer. All room measurements are from the 216 unit only.

214 Wellington Street Unit 214, 216, Traverse City

$280,000

2 Baths ⋅ 1936342 MLS ⋅ Hannah Lay BLDG.

Great potential in this downtown Traverse City duplex. With separately metered main floor and upstairs units, create passive income or live in one unit and rent the other. Large Lot. Separately metered. The home could be converted back to a single family home. Being sold AS IS.

204 S Division Street, Traverse City

$350,000

2 Baths ⋅ 1935973 MLS

Incredible investment opportunity just steps from West Grand Traverse Bay, Tom’s West Bay Market, and the TART Trail. This west side duplex features two 2-bedroom, 2-bath units, both currently leased with strong rental history. Located in one of Traverse City’s most desirable neighborhoods, this property offers easy access to the area’s best beaches, trails, and shopping. Minutes from downtown, enjoy proximity to Traverse City’s thriving food and wine scene, local breweries, and year-round events. Whether you’re looking to expand your portfolio or secure a future personal-use property with income, this duplex delivers.

10500 E Traverse Highway, 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

$695,000

5 Baths ⋅ 1933897 MLS ⋅ Bayside Addition BLDG.

Newer duplex with additional single family ADU on one lot in terrific Traverse City in town location. (Three Rental Units)---- Each duplex side has 2 BRS, 1.5 baths with partially finished lower unit with additional bath and egress window. Additional home is 1008 sq ft and has 2 brs, 2 baths, garage, many recent updates and a basement. --- Currently rented, so instant cash flow for investors!--- Other single family rental homes are also available. All units have AC, lots of parking and within walking distance of everything that makes downtown Traverse City so special.

1103 Titus Avenue, 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

$379,000

2 Baths ⋅ 1932996 MLS ⋅ Lot 1 & More Metes And Bounds BLDG.

This Duplex is well maintained and Adorable. Amazing, convenient location, just North of Chums Corners, close to everything. Both units have two bedrooms and a bath, vaulted ceilings, and a one car garage. Large lot, with over a half an acre of land. Great income potential -- live on one side and pay your bills with the other. As of June 1st, both long term tenants will be on month-to-month leases but would like to stay if possible.

3916 Foster Street, Traverse City

$633,000

1932637 MLS ⋅ Boardman BLDG.

Downtown Traverse City development parcel that is zoned R-3. No density requirement and allows up to 45’ building height. No value is being attributed to the house. However, please do not walk the property without scheduling a showing, as there are tenants currently living in the house. Please respect their privacy, thank you.

415 E State Street, Traverse City

$575,250

3 Baths ⋅ 1930132 MLS ⋅ Hannah Lay & Co's 1st Add BLDG.

Downtown Traverse City living meets investment potential with this multi-family property featuring three spacious apartments. Originally a single-family residence, this remodeled and well-maintained building has been thoughtfully converted to offer versatile opportunities for owners and tenants alike. Each apartment boasts generous living spaces and modern conveniences while retaining the historic charm that defines this sought-after location. With a layout that maximizes natural light, these units are ideal for renters or as an owner-occupied property with additional rental income. Unit A is a 3 bed/1 bath apartment on the main floor, Unit B is a 1 bed/1 bath studio on the lower level, and Unit C is on the upper floor and features 2 beds/1 bath. Nestled in the heart of town, you'll love the proximity to boutique shops, renowned dining, the Boardman River, parks, beaches, and West Bay. Whether you're expanding your portfolio or seeking a downtown lifestyle with built-in income potential, this property delivers on both character and function. Your opportunity to own a slice of Traverse City's vibrant downtown starts here!

135 E Ninth Street Unit A, B, & C, Traverse City

$340,000

2 Baths ⋅ 1929388 MLS ⋅ Windcrest Hills BLDG.

Spacious Duplex on a Large Lot This duplex offers an excellent opportunity for both homeowners and investors. Unit One: Completely renovated with stylish updates, this unit features: New flooring and modern lighting throughout. Bright white cabinets, sleek countertops, and brand-new appliances in the kitchen. A fully remodeled bathroom with all-new fixtures. Enjoy access to a full basement equipped with private laundry facilities. Step outside onto the back deck, which overlooks an expansive backyard—perfect for outdoor activities and relaxation. Unit Two: Designed with the same spacious layout as Unit One, this unit offers: A roomy living area with two generously sized bedrooms. A shared full bath. A dining room that leads to a galley kitchen and out to a private deck. Direct access to a one-car garage for added convenience. This unit also includes a full basement, providing ample storage and private laundry facilities. Additional Features: Expansive backyard space. Convenient shared amenities and thoughtful design for both units. Don’t miss out on this versatile property with modern updates, plenty of storage, and outdoor charm!

3890 Leeside Lane, Traverse City

$266,667

4 Baths ⋅ 1925554 MLS ⋅ Leisure Court BLDG.

2 unit Duplex. One unit (5210) has 2 bedrooms, 1 1/2 baths, Kitchen and living room. Other (5208) has 3 bedrooms, 2 baths, kitchen and living room. Both are 2 story. Electric heat. Both units share well and septic. There is municipal water and natural gas at the street if new owner would like to hook up. There is a 36 x 20 pole barn behind the detached garage along with a 20 x 52 quasi carport along the side of the pole barn. The Tenant in 5208 has a lease thru December 01, 2024. The Tenant in 5210 has 60 day occupancy rights. Tenants may want to stay if new buyer would like turn key. Priced according to the April 2024 appraisal. There are 3 Duplexes on W Mobile trail that can be purchased together

5208 & 5210 W Mobile Trail, Traverse City

$266,667

4 Baths ⋅ 1925552 MLS ⋅ Leisure Court BLDG.

Perfect opportunity for the right person. Purchase this duplex, live in one side and have the tenant's rent on the other side pay towards your mortgage! 2 story duplex with 2 units. Unit 5224 is vacant so a new homeowner can close and move right in. Unit 5222 is occupied. Tenant would like to stay. Both units are the same floorplan only flipped. Newer vinyl plank flooring, carpet and paint. 30 x 40 Pole barn with 10 ft overhang door and electric. Lot size is 1/2 acre. Both sides of the Duplex share a well and septic. Unit 5224 has natural gas. Natural gas and municipal water are at the street if new owner would like to have both units hooked up. Priced according to the April 2024 appraisal. There are 3 Duplexes on W Mobile Trail that can all be purchased together.

5222 & 5224 W Mobile Trail, Traverse City

$266,667

2 Baths ⋅ 1925550 MLS ⋅ Leisure Court BLDG.

One story ranch duplex. Both units are mirrored floorplans. Both have 2 bedrooms, 1 full bath, Living room and kitchen / dining combo. Stove and refrigerator stay. Washer and Dryer are tenants and are excluded from the sale. 30x40 pole barn with 12 x 40 carport and 2 small sheds. Large, fenced back yard. Property is approximately 1/2 an acre. Tenants would like to stay. Natural gas and municipal water are at the street if new owner would like to hook up. Priced according to the April 2024 appraisal. There are 3 Duplexes on W Mobile Trail that can be purchased all together.

5236 & 5238 W Mobile Trail, Traverse City

$300,000

2 Baths ⋅ 1923898 MLS ⋅ Oakwood Addition BLDG.

TWO homes on one property. Investors take a close look at this opportunity. Zoned R1B. Nice size lot 100x165 feet. Bring your special touches, take advantage of the private wooded setting and make this your own. You have many options or keep them as rentals, the choice is yours. Very unique setting.

1219 Hannah Avenue, Traverse City

$270,000

2 Baths ⋅ 1923700 MLS ⋅ Brookside BLDG.

Discover this prime duplex property, ideally located just minutes away from the vibrant downtown Traverse City. This well-positioned investment offers the perfect blend of convenience and potential. **Key Features** Two-Unit Duplex: Each unit features two bedrooms and one bathroom, providing ample space for comfortable living or renting. Needs TLC: While the property offers a solid foundation, it could benefit from some updates to flooring and other cosmetic enhancements. Prime Location: Enjoy easy access to shopping, dining, and entertainment options in downtown Traverse City. Outdoor Living: Take advantage of the nearby Grand Traverse Commons and Botanical Garden, perfect for biking, walking, or simply enjoying the natural beauty of the area. **Investment Potential** Rental Income: This duplex presents an excellent opportunity to generate rental income from both units. Location: The property's proximity to downtown Traverse City ensures a strong demand for tenants. Value Appreciation: As real estate values continue to rise in the Traverse City area, this duplex offers significant potential for appreciation. This duplex represents an exceptional investment opportunity. Don't miss out on the chance to own a piece of Traverse City's thriving real estate market.

3862 Brook Drive, Traverse City

$1,005,000

3 Baths ⋅ 1915056 MLS ⋅ Pinewood Shores BLDG.

Vacation rental resort located on the shores of all sports Spider Lake. Zoning classification allows for daily, weekly or monthly rentals with no permits required, something seldom found in this location. 125' of sandy beach and shoreline for guests to enjoy with views of adjacent island and sandbar. All cottages were completely remodeled in 2019 including roofs, siding, windows, mechanical, electrical, plumbing, spray foam insulation and all interior finishes. Each cottage takes full advantage of the water views and offer expansive outdoor deck space to enjoy the outdoors while relaxing lakeside. Cottages work well as individual rentals or for a large group to enjoy for a family getaway.

4464 Lakeview Trail, Traverse City

$545,000

4 Baths ⋅ 1915769 MLS ⋅ Manhattan Estates BLDG.

Fully-leased 4-plex on the west side of Traverse City. Close to township parks and Long Lake public beaches and access, this is an ideal location to attract tenants. Tenants are responsible for their own utilities. Garbage, lawn care and snow removal are all provided by the Landlord.

4392 Manhattan East, Traverse City

$350,000

6 Baths ⋅ 1918748 MLS

6 METES & BOUNDS PROPERTIES IN TRAVERSE CITY- Conveniently located in the Chums Corner area, these properties are all on their own well & septic. Great rental history, 3 tenants are still in leases , the other is month to month basis. Each property has its own tax ID. Shown by appointment only. No signs.

5013 Cecilia Lane, Traverse City

$463,500

3 Baths ⋅ 1918583 MLS ⋅ Hannah Lay & Co's 5th Add BLDG.

Excellent income opportunity in downtown Traverse City. Located in the NoBo (North of Boardman River) neighborhood, this property is comprised of 3 units all with a solid rental history. Flexible D-2 zoning allows for C2 Commercial and additional uses including up to 20 unit lodging facility with 25% of the units as short-term rentals with township approval. Turn this back into a single family residence, live in one unit and rent the other two, or keep it as turn key investment. Many possibilities in an area that is exploding with tourism, growth, & gentrification. A 100% walkability score makes this a highly desirable location. West Grand Traverse Bay beaches, TART Recreation Trail, Boardman River & Lake, public library, shops & restaurants all in the neighborhood.

526 E Eighth Street, Traverse City

$405,000

4 Baths ⋅ 1917406 MLS

6 METES & BOUNDS PROPERTIES IN GARFIELD TOWNSHIP- Conveniently located on Birmley & Keystone rd, these properties are all on their own well & septic. Great rental history, 4 tenants are still in leases , the others are on a month to month basis. Each property has its own tax ID. Shown by appointment only. No signs.

1554 Keystone Hills Drive, Traverse City

$358,500

3 Baths ⋅ 1915851 MLS ⋅ Boardman Oak Park BLDG.

Three-unit, tenant-occupied investment property. D-2 zoning. The listing agent is the owner.

514 E Eighth Street, Traverse City

$850,000

4 Baths ⋅ 1917131 MLS ⋅ Blue Shore Properties Llc BLDG.

Please do not visit this property without permission. There are tenants in the cottages. Four turn-key cottages overlooking West Bay with 95' of direct private frontage. One of a kind sound investment opportunity. These cottages have been remodeled and well-maintained. The property is comprised of a two bedroom cottage, a loft/efficiency cottage, and two one bedroom cottages. Non-conforming use with a strong rental history. Multiple decks, sidewalks, a large patio and fire pit for gatherings, plus fantastic views of Power Island. Use it for an investment, build your dream home, or create a vacation compound.

10563 SW Bayshore Drive, Traverse City

$245,000

2 Baths ⋅ 1917798 MLS ⋅ Leisure Court BLDG.

Great investment property just 15 minutes South of Traverse City, or an opportunity to live in unit and rent the other! Each has a spacious kitchen and living area, as well as 2 bedrooms & 1 bath. Washer & dryer hook ups in each unit. Two separate entrances to each with a shared breezeway. Shared driveway. Low traffic street and ends in cul-de-sac. 5275 is vacant. 5277 is currently occupied with a written lease expiring in May 2024.

5275 & 5277 W Mobile Trail, Traverse City

$2,100,000

1914803 MLS ⋅ Boardman Flats BLDG.

Unique 14 Unit Apartment Building in Traverse City. Walk/Bike to Downtown, Beaches, Library, NMC, Schools, etc. Located in NOBO on Eighth Street next to TART trail. Built in 2017! 8 Furnished Units - 6 Unfurnished Units. Two 2 BD - 1BA Units - 12 1BD/1BA Units. Outstanding Opportunity for Short Term, Monthly, Annual Rentals! Various Rents (Some Seasonal). Many Possibilities for this In Town Property in a Key Location Walkable/Bikeable to All TC has to Offer! On BATA Lines for Public Transportation. Newer Clean Property is Managers Dream. 3 Vacation Rental Licenses with City of TC!

619 E Eighth Street, Traverse City

$1,320,000

5 Baths ⋅ 1914024 MLS ⋅ Earlington Hills BLDG.

Nicely updated and well maintained 8-unit apartment complex on the east side of Traverse City. Buildings have been completely updated including new roofs, windows, vinyl siding, and completely refreshed interiors. Excellent rental history and all leases are month-to-month with competitive rates. Each building includes a carport for four vehicles. All units have private access, 2 bedrooms, 1 full bath, and private laundry. You won't find a better maintained turn-key income opportunity!

3311 & 3329 Mahoney Drive, Traverse City

$2,100,000

5 Baths ⋅ 1912653 MLS ⋅ Silver Hills BLDG.

Terrific Location! Established rental property, Silver Hills has 4 buildings each with 4 well maintained units that include 4/ 8 space carports. All apartments are filled with leases expiring in spring 2024. No problem keeping them full; close to the YMCA, schools, Munson and town. The buildings have 3 tax ID's and sit on 2.12 acres. Shown by appointment only. No sign.

3835-3841 Silver Lake Road, Traverse City

$802,000

4 Baths ⋅ 1918881 MLS ⋅ Hannah Lay 5th Edition BLDG.

4-PLEX COMPLETELY RENOVATED, DOWNTOWN TC. Situated across from F & M Park on a corner lot; short walk to beaches, shops and restaurants. Great investment opportunity. 4 newly remodeled units: one. bedroom, one bath, new kitchen and laundry in each. Open floor plan in each unit with charming details. Fantastic location, packed with all the amenities.

624 E State Street, Traverse City

$750,000

8 Baths ⋅ 1921613 MLS ⋅ Earlington Hills BLDG.

Welcome to a fantastic investment opportunity with this well maintained quadplex! The addresses are 3482, 3484, 3486 + 3488 Mahoney Drive. Great location, just a few minutes from Traverse City. All 4 units are tenant occupied with current leases until 2025. Total rents are $6100/mo. Each unit offers two stories, private entry, an attached single-car garage and paved driveways, maximizing storage and tenant convenience. Inside each unit is nicely updated and equipped with a large living area, washer and dryer hookups, and spacious master bedrooms, complete with dual closets. Updated flooring throughout each unit. Recently upgraded kitchen cabinetry and appliances in the two end units (3482 + 3488). Outside you will find private patios and a spacious shared backyard. Please note that showings require 48 hours notice!

3482 Mahoney Drive, Traverse City

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