Petoskey, MI Multifamily Homes & Duplexes for Sale

/35
$599,900
- 8 Beds
- 4 Baths
- 6,728 Sq Ft
425 & 431 Madison St, Petoskey, MI 49770

Fantastic opportunity to own a mixed-use income producing property in the city limits of Petoskey. The property consists of a commercial store front, and 4 residential rental units. The commercial space is currently occupied by the owner and is 2350 square feet. The space would be ideal for any contractor type business. The residential units consist of a duplex with a 3-bedroom apartment and a

C.T. Shuman

Real Estate One

(231) 400-4322

425 & 431 Madison St, Petoskey, MI 49770
/37
$399,000
- 5 Beds
- 4 Baths
- 2,482 Sq Ft
5062 Cook Ave, Petoskey, MI 49770

Excellent Investment Opportunity in Northern Michigan! This well-maintained triplex offers strong rental potential in the heart of Conway, perfectly situated just across from scenic Crooked Lake. Enjoy a prime location—only 6 miles from Harbor Springs and 6 miles from Petoskey. The property features three distinct units: Unit 1 - a charming 2-bedroom, 1-bath with hardwood flooring and a private

Pete Platte Gaslight Group Properties

5062 Cook Ave, Petoskey, MI 49770
/17
$2,500,000
- Studio
- 8,496 Sq Ft
624 Michigan St Unit 524 State street & 1, Petoskey, MI 49770

Portfolio sale of three multifamily assets within the City of Petoskey - 524 State (6 units), 624 Michigan (5), and 138 E Sheridan (5) - 16 units total. Walkable, high-demand neighborhoods close to downtown, employment, and waterfront. Current income approx $23,750/mo (~$285k/yr) with T12 NOI ~ $185,806 (Aug '24-Jul '25). Extensive capital improvements completed: More than $500,000 pre-sale

Christopher Skrobeck Van Treese Management LLC

624 Michigan St Unit 524 State street & 1, Petoskey, MI 49770
/18
$365,000
- 4 Beds
- 5 Baths
- 3,850 Sq Ft
319 W Mitchell St, Petoskey, MI 49770

Located in the heart of Petoskey, this mixed-use property offers a rare investment opportunity just steps from downtown shopping, restaurants, waterfront parks, and McLaren Hospital. The property includes a duplex and 3 commercial spaces. The duplex has two 2-bedroom, 1-bath apartments with a year-round water view from the upper unit. Zoning allows the upper unit to be used as a vacation

Amanda Conklin Real Estate One

319 W Mitchell St, Petoskey, MI 49770

Michigan Emmet County Petoskey

Home Trends in Petoskey, MI

On average, homes in Petoskey, MI sell after 75 days on the market compared to the national average of 52 days. The median sale price for homes in Petoskey, MI over the last 12 months is $489,500, up 15% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$489,500

Median Single Family Sale Price

$532,500

Median 2 Bedroom Sale Price

$345,000

Median 1 Bedroom Sale Price

$264,000

Average Price Per Sq Ft

$358

Number of Homes for Sale

Last 12 months Home Sales

192

Months of Supply

5.60

Median List Price

$590,000

Median Change From 1st List Price

Median Home Sale Price YoY Change

15%

How to Buy a Home How to Finance a Home How to Sell a Home

In Petoskey, there are currently 4 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $365,000 to $2,500,000, there's a range to accomodate every budget. As of September, 2025 the median home price in Petoskey is $590,000, while the average sale price is $880,440, offering insights into the local housing market. On average, multi-family homes spend 75 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Petoskey, MI.

Petoskey Types of Homes for Sale

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