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$599,000
3 Beds 3 Baths 1946785 MLS Hannah's 5th Add BLDG.
Rare opportunity in the heart of Traverse City: a legal duplex on a triple lot, positioned perfectly between the energy of downtown and the quiet you actually want. Walk to restaurants, the Botanical Gardens, and all that the city offers without the noise of the tourist corridor at your door. The main level offers a comfortable 2-bed, 1-bath residence across 1,870 sq ft with a kitchen remodeled in 2020 and a bathroom updated in 2023. The dining room and greenhouse addition (2009) add character and functional space that sets this home apart. New storm doors and front entry updated in 2026. The upper unit is currently operating as a licensed hair salon, updated in 2012 with A/C added at that time. It converts easily back to a 1-bed, 1-bath apartment — removal of a wash station and tile replacement is the extent of the work. The turnkey salon business is available for purchase separately at $12,500 and could transfer to the right buyer, though it is not a condition of the real estate sale. Please request more information about the business from listing agent. The lower level (2018 update) includes a full kitchen, full bathroom, and a non-conforming room that could be converted to a bedroom with the addition of an egress window further extending the income or multi-generational living potential of this property. The versatility here is worth noting: beyond the investment angle, this property works beautifully as a single-family home, main level living for the family with the upper flat offering parents their own private retreat. Mechanical updates: furnace and water heater replaced 2018. Windows are original; siding and storms updated approximately 2003. The triple lot delivers the kind of in-town space that rarely comes available, room for gardens, outdoor living, and genuine privacy. An outdoor fireplace makes summer evenings on the property something worth noting. Parking includes a 2-car driveway accessed from the alley, with street parking serving the salon.

535 W Twelfth Street, Traverse City

$695,000
4 Beds 3 Baths 1945131 MLS Perry Hannah's 1st Add BLDG.
Rare investment opportunity, a grandfathered 3-unit home in downtown Traverse City where historic charm meets a highly lucrative property in Traverse City proper. 214 West Tenth Street delivers turnkey character alongside a certified, legally grandfathered three-unit status. In a highly restricted zoning market, this legal triplex represents a scarce, high-yield asset that is nearly impossible to replicate today. Main floor features a formal foyer, original trim, doors, and hardware. Includes a large living/dining combo with grand front windows, hardwood flooring, a faux fireplace, a kitchen with a casual breakfast nook, two ample bedrooms, and a full bath. Upstairs front offers a private apartment featuring hardwood floors, a large bedroom, a dedicated kitchen, a living room, and a full bath. Upstairs back provides a completely separate entrance, hardwood floors, a living area, an updated kitchen with appliances and modern cabinets, a large bedroom with a walk-in closet, and a full bath. A bonus lower level with dual front and back access leads to a basement with a dedicated laundry area, built-in cupboards, a large closet, and an flexible additional room perfect for a den, hobby space, or guest overflow. Exterior provides a rare, detached three-car garage paired with an expansive, professionally landscaped, and fully fenced backyard. Situated in the heart of the "Cherry Capital of the World," your tenants or guests will enjoy a vibrant downtown lifestyle. The property sits on a picturesque, tree-lined street just steps from locally owned eateries, eclectic shopping, and festive community events. Enjoy immediate proximity to the freshwater beaches on Grand Traverse Bay, the acclaimed vineyards of the Old Mission and Leelanau Peninsulas, and the breathtaking Sleeping Bear Dunes National Lakeshore. Totaling 4 bedrooms and 3 full baths across three fully independent, legally recognized units, this historic gem is ready to generate top-tier returns from day one.

214 W Tenth Street, Traverse City

$899,000
4 Beds 2 Baths 1944755 MLS
This property offers something genuinely uncommon in Traverse City, a fully furnished, high-end studio apartment above a professional office space, all on a buildable second lot with 16 parking spaces and 165 feet of Cass Street frontage. Completely renovated in 2018 down to the framing, the building is 1,792 sq ft total. The upstairs studio (896 sq ft) is the residential centerpiece: a full kitchen with high-end finishes, a marble-tiled bathroom with a custom shower and in-floor radiant heat, a large custom walk-in closet with built-in storage, washer and dryer, and a PVC block wall that creates a private, separated sleeping area distinct from the main living space. The apartment comes fully furnished and is move-in ready or rental-ready as an income-producing unit. A spiral staircase leads to the upper level, and an outdoor deck offers Boardman Lake views. Outside, a fenced area currently set up with a fire pit and seating provides a private outdoor retreat equally functional as a dog pen or entertaining space. The location adds to the appeal: the Boardman Lake Loop Trail and TART Trail network for biking and walking are close by, putting some of Traverse City's best outdoor access within easy reach. The main floor (896 sq ft) is currently configured as a professional office with three private rooms, a half bath, and a reception area with a built-in desk. The property carries a unique Live/Work designation, grandfathered commercial use on the lower level is permitted for similar professional uses per the zoning administrator, with R-1b zoning on the parcel. The building is built to last: metal roof, metal siding, natural gas, fully sprinklered with a fire alarm system, ADA compliant, outdoor irrigation, and a digital outdoor sign. The adjacent lot, currently 16 paved parking spaces, is buildable, with potential for a second dwelling or up to two duplexes.

1323 S Cass Street, Traverse City

$231,000
1 Beds 1 Baths 1926891 MLS Trailside 45 BLDG.
Take advantage of this excellent investment opportunity! The entire building is permitted for short-term rental, so there is no guessing about licensing. Located in Traverse City's downtown, Trailside 45 is a friendly and convenient condominium community. It's adjacent to the TART trail, which allows pedestrian and bicycle access. There is an oversized bike locker room located on each floor. There is also a shared space for larger gatherings. This unit has quartz countertops in the kitchen and bath. Additional amenities include high-efficiency appliances, forced air, central air, electric water heater, refrigerator/freezer, oven/range, disposal, dishwasher, microwave, washer, dryer, keyed entry, no steps, wide hallways, elevator access to the residence, a private covered balcony with westerly facing views, washer/dryer, window coverings, and built-in closet organization. Association dues are $350.00 monthly, including most utility costs, such as water/sewer, heat, trash removal, snow removal, cable TV, and cable internet. Fees include all exterior maintenance, snow removal, lawn care, landscaping, liability insurance, and fire insurance. Electricity is through the City of Traverse City. It usually costs $35-41 per month, depending on usage. Per HOA, pets are permitted—a maximum of up to two medium-sized dogs. Try easy living with no outdoor maintenance (but the balcony is lovely to enjoy). The elevator makes top-floor living a breeze!

630 S Garfield Unit 406, Traverse City

$799,000
3 Beds 4 Baths 1922860 MLS Uptown Condominium BLDG.
Amidst the vibrant heart of Traverse City, this four-storied, urban sanctuary presents an exceptional lifestyle and now it can be yours! Through the street-level entrance, this property offers a flexible space that can be transformed into your desired environment. Consider a guest bedroom, a secondary living room, a fitness or art studio, or even your own business. Zoned for the work/live lifestyle, the possibilities are plentiful. Ascending to the second level, you'll find the main living space, where an open floor plan seamlessly integrates the living, dining, and kitchen areas. This condo showcases a tasteful blend of colors and high-end finishes, creating a visually appealing and inviting living space. Expansive windows draw the light in and reflect off the glass wall leading to the third story, which features the primary bedroom suite, laundry area, and an additional secondary suite. The primary suite provides a spa-like experience, featuring a floor-to-ceiling tiled shower enclosed by glass walls, creating a sense of openness. The floating vanity contributes to a spacious and modern ambience, enhancing the overall comfort and luxury of the space. As you make your way vertically to the topmost level, you'll find yourself on a rooftop deck and garden, offering breathtaking city and bay views perfect for catching the stars or the city’s downtown events. Located within easy walking distance, enjoy a wide range of amenities such as nature trails, beaches, parks, various shopping options, dining establishments, nightlife, theaters, live music venues, local breweries, coffee shops, and grocery stores. Additionally, the Boardman River provides opportunities for fishing and immersing oneself in nature's beauty. This is truly an exquisite property!

133 W State Street Unit 12 AKA L, Traverse City

$375,000
1 Beds 2 Baths 1916909 MLS Ivy Terrace BLDG.
Welcome to Ivy Terrace, in the heart of downtown Traverse City! This modern condo fits a wide array of lifestyles and uses... a primary residence for those seeking the ultimate low-maintenance lifestyle, or a second home with the ideal location for exploring the best of Traverse City, or a profitable short term rental. This condo had a nightly average rental rate of $313/night (May-September 2022 and 2023), while being marketed as a 2 person max rental (4 person rental is allowed). Enjoy the more spacious bedroom offered with the single bedroom layout, easily accommodating a king size bed (as compared to the 2 bed layout with much smaller bedrooms). The best restaurants & shops of downtown TC are within easy walking distance. Also nearby: Clinch Park & public beaches along West Bay, and the TART Trail. High end finishes throughout the unit including hardwood floors, granite counters & stainless steel appliances. There's plenty of room for two separate work-from-home areas, making it the ideal remote-work getaway for two professionals. The unit has been meticulously maintained and recent updates include new paint throughout the unit in 2021/2022, new carpeting in 2021 and routine cleaning/maintenance on all major appliances. Ivy Terrace stands out among other downtown condo developments with exterior access to the condos instead of interior access and the smaller size of the association (only 16 total units). This unit has an especially convenient location within the development, as it is located on the same level as the Old Town Parking Garage walkway/bridge, so no stairs required. Parking in Old Town Garage is $30/month per car. Three night minimum stay for rentals.

119 E Eighth Street Unit 5, Traverse City

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