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Garfield, MI Multifamily Homes & Duplexes for Sale

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  • /16

    $2,950,000

    • Studio

    0000 N Garfield Woods Dr, Traverse City, MI 49686

    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,

    Blake Bernard REO-TCRandolph-233022

    0000 N Garfield Woods Dr, Traverse City, MI 49686
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    $439,900

    • 2 Beds
    • 2 Baths
    • 1,425 Sq Ft

    1157 N Us Highway 31 S Unit 1 & 2, Traverse City, MI 49685

    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

    Jeremy Fenske REMAX Bayshore - W Bay Shore Dr TC

    1157 N Us Highway 31 S Unit 1 & 2, Traverse City, MI 49685
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    $425,000

    • 4 Beds
    • 2 Baths
    • 2,132 Sq Ft

    10500 E Traverse Hwy, Traverse City, MI 49684

    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,

    Dave Cutler Twin Bay Properties, LLC

    10500 E Traverse Hwy, Traverse City, MI 49684

Why Live in Garfield

Garfield, MI, offers a spacious and affordable alternative to nearby Traverse City, attracting homebuyers seeking more room and lower housing costs. The 27-square-mile community features a diverse range of housing options, from modest midcentury homes and New Traditional houses to manufactured homes and luxury estates, including waterfront properties on Silver Lake. The main commercial hub at M-37 and South Airport Road hosts national retailers, grocery stores, and the Grand Traverse Mall, while The Village at Grand Traverse Commons offers a historic shopping experience with local restaurants and shops. Outdoor activities abound with the Grand Traverse Natural Education Reserve, Silver Lake Recreation Area, and Hickory Hills Ski Area providing year-round recreation. Garfield's educational landscape includes highly rated schools such as Willow Hill Elementary, West Middle, West Senior High, East Middle, and Central High, all offering robust STEM programs. The area is well-connected, with U.S. 31 providing easy access to downtown Traverse City, just 5 miles away, and Cherry Capital Airport. Public transportation is available through BATA City Loop buses, ensuring convenient travel within the region. With a variety of things to do and a community-oriented atmosphere, Garfield presents a balanced and appealing living environment.

Home Trends in Garfield, MI

Housing Trends

Median Sale Price
$420,000
Median Single Family Sale Price
$435,000
Median Townhouse Sale Price
$365,000
Median 2 Bedroom Sale Price
$351,900
Median 1 Bedroom Sale Price
$376,200
Average Price Per Sq Ft
$308
Number of Homes for Sale
27
Last 12 months Home Sales
217
Months of Supply
1.50
Median List Price
$445,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
1%
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