Traverse City MI Multi Family for Sale
$3,125,000
1825 E Eighth Traverse City, MI 49686
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 1.22 Acres
- Year built:
- 2023
- Baths:
- MLS#:
- 80051890
- Subdivision:
- Eastside One
ADDITIONAL INFORMATION
10 Units that are short term rentable. Building has the one and only full rooftop common area with 4 hot tubs, turf area for outdoor games and partially covered as well. The building features a dog run and close proximity to both local and national chain food and coffee. Right around the corner is a grocery store for easy check ins. Guests on Airbnb have loved this building and the reviews on the already owned units speak highly of the rooftop and design. Listing price represents a fantastic group pricing discount, leaving investors with the upside of instant equity along with cash flow from the units. These units will come furnished with all appliances in place. Furnishings are included in the list price. This will allow investors the opportunity to instantly begin renting. If this is a 3-5 year hold the instant equity will create an even greater return at disposition. If this is a long term hold, the bonus depreciation (consult your accountant) will help any investor offset tax liability. No matter how you shake it, this is an amazing opportunity. Major events that add more upside. Airport expanding by nearly 3 times its current size. Horse Show continues to expand, and Traverse City keeps making national news for its beauty and charm.
$3,725,000
100 N Park Traverse City, MI 49684
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.1 Acres
- Year built:
- 1993
- Baths:
- MLS#:
- 80050961
- Subdivision:
- Dingeman & Dancer Building
ADDITIONAL INFORMATION
Iconic, irreplaceable, triple "A" downtown Traverse City location with spectacular West Bay water views, 3 direct Boardman River boat slips (permitted, installed steel seawall), with immediate access to West Grand Traverse Bay, gated private parking, A+ class office build out with 3 levels totaling 6,786 sq. ft. of office space , elevator, immediate walking distance to all of Traverse city downtown restaurants, shopping and activities. This is a one in a generation real estate opportunity presenting the ability to convert to a unique residential in-town project, refresh an existing high end office space or reconfigured/expand as zoning and the imagination will allow! Zoned C-4a. This unique offering is realistically priced at appraised value and will sell timely. Complete your initial due diligence prior to presenting a well priced offer. Long term study periods will not be entertained. Ideal residential conversion into multiple units, number of units and monthly dues are estimates only at this time. Do not allow this amazing generational asset to pass you by.
- Type:
- Multi-Family
- Sq.Ft.:
- 832
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1995
- Baths:
- MLS#:
- 80050598
- Subdivision:
- Holiday Village
ADDITIONAL INFORMATION
Unlock the potential of this exceptional 4-plex in the Holiday Village Development in Holiday Hills Subdivision. This multi-family property offers a fantastic investment opportunity with a strong rental income history and significant growth potential. Unit Mix: 4 - well maintained units: 3 with 2 bedrooms, 1 bath and 1 with 1 bedroom, 1 bath. On-site, shared laundry facilities with coin-operated machines. Separate meters for each unit; tenant pays for own electricity and gas; owner pays for water, sewer, trash removal and snow removal. 3 units are rented currently and owner is seeking new tenant for the 4th unit. New roof in 2024. Each unit has it's own electronic keypad deadbolt. Rent Roll & Financials available upon request. All listing information and measurements, although deemed accurate, must be verified by buyer's agent and buyer.
$5,000,000
18599 Mission Traverse City, MI 49686
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 10.86 Acres
- Year built:
- 1865
- Baths:
- MLS#:
- 80050365
- Subdivision:
- Old Mission Peninsula
ADDITIONAL INFORMATION
The Old Mission Inn, a stunning historic Victorian Inn and hotel on the renowned Old Mission Peninsula in Traverse City, blending old-world charm with modern comfort. This beautifully restored property boasts 13 unique rooms and 11 baths, a large covered porch, multiple elegant dining spaces, and a spacious commercial kitchen.----- With breathtaking Lake Michigan views, it sits in the heart of the wine region, offering guests an unforgettable experience.------- Included in the sale is the Mission Bay Caf�©, a well-loved spot for guests to enjoy food and drinks, primed to become a top destination for locals and visitors alike.--------- A rare investment opportunity to own an iconic property with established business and endless potential!
$8,500,000
461 Munson Traverse City, MI 49686
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 1.87 Acres
- Year built:
- 1995
- Baths:
- MLS#:
- 80050198
- Subdivision:
- Traverse Victorian Hotel
ADDITIONAL INFORMATION
Rare opportunity in downtown Traverse city, with commercial HR zoning, a large 63-70 unit building and a large property, bound by five city streets - a block from the public beach! This property was originally developed as a hotel (with 70 units), leased to a senior living operation for many years, and is now ready for a new owner to create apartments, condos, operate as a hotel or long term care facility, or to create something all their own. With a large commercial kitchen, huge dining room, many common lounges, on-site commercial laundry, fiber optic internet installed and ready, a lovely back patio, expansive grounds and nicely outfitted units, this property has many things going well! There is potential to easily add up to seven additional units within the current building, and the property and building size could allow for added amenities too. This is an exciting property - bring your creativity!
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 8.04 Acres
- Year built:
- 2023
- Baths:
- MLS#:
- 80050197
- Subdivision:
- Fox Run LLC
ADDITIONAL INFORMATION
This is an incredible opportunity for a developer interested in constructing an 84 unit apartment or condo development in Traverse City - all of the preliminary work is DONE! This property and owner has ALL permits, building and site plans, engineering, and approvals in hand to begin work right away - it is truly shovel ready! The rental market continues to have immense needs in Traverse City, and this is a phenomenal opportunity to begin building on day one. With over 8 acres, lots of frontage on Garfield Road, access to shopping, the airport, Costco and others within a mile, and over 100 acres of conservancy property and Mitchell Creek Nature Sanctuary adjacent to this property, there are so many pluses. Inquire about development options, and get started on your legacy property!
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 8.04 Acres
- Year built:
- 2023
- Baths:
- MLS#:
- 1926703
- Subdivision:
- Fox Run LLC
ADDITIONAL INFORMATION
This is an incredible opportunity for a developer interested in constructing an 84 unit apartment or condo development in Traverse City - all of the preliminary work is DONE! This property and owner has ALL permits, building and site plans, engineering, and approvals in hand to begin work right away - it is truly shovel ready! The rental market continues to have immense needs in Traverse City, and this is a phenomenal opportunity to begin building on day one. With over 8 acres, lots of frontage on Garfield Road, access to shopping, the airport, Costco and others within a mile, and over 100 acres of conservancy property and Mitchell Creek Nature Sanctuary adjacent to this property, there are so many pluses. Inquire about development options, and get started on your legacy property!
- Type:
- Multi-Family
- Sq.Ft.:
- 750
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.02 Acres
- Year built:
- 2023
- Baths:
- MLS#:
- 80050093
- Subdivision:
- 8th Street Townhomes
ADDITIONAL INFORMATION
Great investment opportunity, new construction 8th Street Townhomes. Carefree living lifestyle in downtown Traverse City on desirable Eighth Street. Monthly rentals allowed. Take advantage of 3 individual, 1 bedroom, 1 bath townhomes located walking/biking distance to Civic Center, Bryant Park, NMC and so much more. These bright & cheerful units offers, nice kitchen layouts with granite c/tops, Frigidaire stainless appliances included, nice living area with access to rear patio. Upper level features, laundry area with stackable washer and dryer included. Large primary bedroom, Full bath with granite c/tops. Complete with air conditioning. Enjoy in-town living at its best! Interior Photos are of Model Unit for reference only!
- Type:
- Multi-Family
- Sq.Ft.:
- 725
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 8.18 Acres
- Year built:
- 1953
- Baths:
- MLS#:
- 80049944
- Subdivision:
- Metes & Bounds
ADDITIONAL INFORMATION
A fantastic investment opportunity awaits with this multi-family property, offering the potential to generate monthly rental income. Situated on 8+ acres with views of Grand Traverse Bay, this property has been fully updated and is ready for its next owner. Recent improvements include a new metal roof, updated soffit and siding, a concrete parking pad, and new storm doors. Inside, you'll find modern cabinets, appliances, and some updated countertops. Located in desirable Garfield Township, only 10 minutes from downtown Traverse City and its many amenities!
$869,900
200 Seventh Traverse City, MI 49684
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.13 Acres
- Year built:
- 1880
- Baths:
- MLS#:
- 80049823
- Subdivision:
- N/A
ADDITIONAL INFORMATION
Welcome to this charming 5-bedroom, 3-bathroom home nestled in downtown Traverse City. This versatile property boasts three units ideal for multi-family living or residential use. Recently updated and meticulously maintained, the home offers a prime location in the heart of Traverse City, providing easy access to all amenities and a stone's throw from the Boardman River. Unit 1 serves as the centerpiece, featuring two entryways and a patio, perfect for entertaining or relaxing.This unit includes a court yard where mulberry tree is abundant. Unit 2, though smaller, offers a cozy space suitable for a single person or couple. Unit 3 showcases two bedrooms and neighborhood views, complemented by brightly colored decor that creates an inviting atmosphere. Outside, the property features easily maintainable landscaping, enhancing the comforting ambiance of this downtown retreat. Don't miss this opportunity to own your slice of downtown Traverse City living.
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 8.04 Acres
- Year built:
- 2023
- Baths:
- MLS#:
- 80048947
- Subdivision:
- Fox Run LLC
ADDITIONAL INFORMATION
This is an incredible opportunity for a developer interested in constructing an 84 unit apartment or condo development in Traverse City - all of the preliminary work is DONE! This property and owner has ALL permits, building and site plans, engineering, and approvals in hand to begin work right away - it is truly shovel ready! The rental market continues to have immense needs in Traverse City, and this is a phenomenal opportunity to begin building on day one. With over 8 acres, lots of frontage on Garfield Road, access to shopping, the airport, Costco and others within a mile, and over 100 acres of conservancy property and Mitchell Creek Nature Sanctuary adjacent to this property, there are so many pluses. Inquire about development options, and get started on your legacy property!
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 8.04 Acres
- Year built:
- 2023
- Baths:
- MLS#:
- 1925420
- Subdivision:
- Fox Run LLC
ADDITIONAL INFORMATION
This is an incredible opportunity for a developer interested in constructing an 84 unit apartment or condo development in Traverse City - all of the preliminary work is DONE! This property and owner has ALL permits, building and site plans, engineering, and approvals in hand to begin work right away - it is truly shovel ready! The rental market continues to have immense needs in Traverse City, and this is a phenomenal opportunity to begin building on day one. With over 8 acres, lots of frontage on Garfield Road, access to shopping, the airport, Costco and others within a mile, and over 100 acres of conservancy property and Mitchell Creek Nature Sanctuary adjacent to this property, there are so many pluses. Inquire about development options, and get started on your legacy property!
$275,000
3862 Brook Traverse City, MI 49684
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.19 Acres
- Year built:
- 1954
- Baths:
- MLS#:
- 80047255
- Subdivision:
- Brookside
ADDITIONAL INFORMATION
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.
- Type:
- Multi-Family
- Sq.Ft.:
- 2,580
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.12 Acres
- Year built:
- 1956
- Baths:
- MLS#:
- 70412095
ADDITIONAL INFORMATION
Just blocks from downtown Traverse City sits your next opportunity! This three unit has been a rental for a number of years and is looking for it's new owner. With a little love and some polish, this gem will shine once again. This property may be able to be reconfigured to a single family home again, consult City for permitting. Located convienently near Meijer, Tom's Food Market, Munson Hospital, TC West Middle School and all of the eating establishments of Downtown Traverse City. Off Street parking from both Division and 13th Street.
$950,000
624 E State Traverse City, MI 49686
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.13 Acres
- Year built:
- 1896
- Baths:
- MLS#:
- 78080014251
- Subdivision:
- Hannah Lay 5th Edition
View additional info
Courtesy: CENTURY 21 Northland
231-929-7900
ADDITIONAL INFORMATION
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.
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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright© Northern Great Lakes REALTORS® MLS. All Rights Reserved.
The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. This IDX information is from the IDX program of RealComp II Ltd. and is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX provided courtesy of Realcomp II Ltd., via Xome Inc. and Realcomp II Ltd., copyright 2024 Realcomp II Ltd. Shareholders.
Traverse City Real Estate
The median home value in Traverse City, MI is $457,843. This is higher than the county median home value of $343,200. The national median home value is $338,100. The average price of homes sold in Traverse City, MI is $457,843. Approximately 52.94% of Traverse City homes are owned, compared to 34.24% rented, while 12.83% are vacant. Traverse City real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Traverse City real estate agent to arrange a tour today!
Traverse City, Michigan has a population of 15,263. Traverse City is less family-centric than the surrounding county with 25.98% of the households containing married families with children. The county average for households married with children is 26.67%.
The median household income in Traverse City, Michigan is $64,033. The median household income for the surrounding county is $69,393 compared to the national median of $69,021. The median age of people living in Traverse City is 40.4 years.
Traverse City Weather
The average high temperature in July is 79.9 degrees, with an average low temperature in January of 15.6 degrees. The average rainfall is approximately 32.6 inches per year, with 117.6 inches of snow per year.