$440,000
UNDER CONTRACT OPEN SUN 11AM - 12:30PM

514 E Eighth St Traverse City, MI 49686

South Traverse City Neighborhood

Estimated payment $2,891/month

Total Views 2,351
4 Beds
3 Baths
1,757 Sq Ft
$250 Price per Sq Ft

Highlights

  • Victorian Architecture
  • Forced Air Heating and Cooling System
  • Garden
  • Central High School Rated A-
  • Patio
  • Wood Siding

About This Home

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.

Listing Agent

Erica Marshall

REO-TCFront-233021 License #6501398185

REO-TCFront-233021

Co-Listing Agent

Laura Cobb

REO-TCFront-233021 License #6501429465

Open House Schedule

  • Sunday, May 18, 2025
    11:00 am to 12:30 pm
    5/18/2025 11:00:00 AM +00:00
    5/18/2025 12:30:00 PM +00:00
    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.
    Add to Calendar

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1896

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 27x164x25x165
  • Garden
  • The community has rules related to zoning restrictions

Home Design

  • Triplex
  • Victorian Architecture
  • Fire Rated Drywall
  • Frame Construction
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 1,757 Sq Ft Home
  • 2-Story Property
  • Blinds
  • Washer and Dryer Hookup

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Basement

  • Michigan Basement
  • Partial Basement

Schools

  • Eastern Elementary School
  • Traverse City East Middle School
  • Central High School

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • Patio
  • Mineral Rights

Community Details

  • 3 Units
  • Boardman Oak Park Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1896

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Multi-Family
  • Property Type: Triplex
  • Style: 2 Story, Victorian
  • Estimated Year Built: 1896
  • Construction: Frame
  • Section Number: 1
  • Year Updated: 2024
  • Year Renovated: 2002
  • Special Features: 129
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1896

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Dishwasher, Microwave, Blinds, Natural Gas Water Heater
  • Interior Amenities: Laundry Hook-Up, Drywall
  • Price Per Sq Ft: 250.43
  • Range: R 11W
  • Total Finished Sf Apx: 1757

Exterior Features

  • Exterior Features: Patio, Garden Area
  • Exterior Finish: Wood
  • Foundation: Partial, Michigan Basement
  • Number Of Acres: 0.1
  • Road: Public Maintained
  • Roof: Asphalt

Utilities

  • Sewer: Municipal
  • Tv Service Internet Avail: Cable Tv, Cable Internet, Wifi
  • Water: Municipal
  • Heating Cooling Type: Forced Air

Association/Amenities

  • Development Name: Boardman Oak Park

Schools

  • School District: Traverse City Area Public Schools
  • Elementary School: Eastern Elementary School
  • Middle School: Traverse City East Middle School
  • High School: Central High School

Lot Info

  • Lot Number: 6
  • Lot Dimensions: 27x164x25x165
  • Mineral Rights: To Pass With Title, Unknown
  • Zoning Use Restrictions: Residential, Multi-Family, Commercial, Special Use

Rental Info

  • Included In Lease: Liability Insurance
  • Rent Spree Y N: No

Multi Family

  • Total Number Units: 3

MLS Schools

  • Elementary School: Eastern Elementary School
  • HighSchool: Central High School
  • School District: Traverse City Area Public Schools
  • Middle School: Traverse City East Middle School

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2025 05/13/25 For Sale $440,000 +22.7% $250 / Sq Ft
10/26/2023 10/26/23 Sold $358,500 -6.9% $216 / Sq Ft
10/10/2023 10/10/23 Pending -- -- --
09/19/2023 09/19/23 For Sale $385,000 -- $232 / Sq Ft
Source: Northern Great Lakes REALTORS® MLS

Similar Homes in Traverse City, MI

  • 526 E Eighth St, Traverse City, MI 49686

    $489,900

    • 6 Beds
    • 3 Baths
    • 2,382 Sq Ft
    • 526 E Eighth St
    • Traverse City, MI

    Exceptional Income Opportunity in Downtown Traverse City! Located in the vibrant and growing neighborhood north of Boardman River, this versatile property features three units, two in the main building and one detached unit. Whether you're looking to convert it back into a spacious single-family home, live in one unit and rent the others, or maintain it as a turnkey investment property, the

    Nick Rogers Wentworth Real Estate Group

    Section Image
  • 630 W Eighth St, Traverse City, MI 49684

    $549,000

    • 4 Beds
    • 2 Baths
    • 1,851 Sq Ft
    • 630 W Eighth St
    • Traverse City, MI

    Experience the perfect blend of charm, convenience, and opportunity in the heart of Traverse City. Ideally located just steps from the vibrant downtown district, this property offers unparalleled access to the city’s renowned dining, boutique shopping, and cultural attractions. Outdoor enthusiasts will love the proximity to the popular TART Trail—perfect for biking, walking, and exploring

    Christina Ballard Key Realty One-TC

    Section Image
  • 9869 E Cherry Bend Rd, Traverse City, MI 49684

    $420,000

    • 5 Beds
    • 3 Baths
    • 1,427 Sq Ft
    • 9869 E Cherry Bend Rd
    • Traverse City, MI

    Tucked into a wooded .94-acre lot in scenic Elmwood Township, this 5BR/2.5BA ranch-style home offers space, privacy, and exceptional flexibility—all just a short drive from downtown Traverse City. With approximately 1,600 square feet of total finished living space and a detached 2-car garage that includes an office, there’s plenty of room to settle in and stretch out. Zoned R2 (Residential – Two

    BJ Brick REMAX Bayshore - W Bay Shore Dr TC

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

    $439,900

    • 2 Beds
    • 2 Baths
    • 1,425 Sq Ft
    • 1157 N Us Highway 31 S
    • Unit 1 & 2
    • Traverse City, MI

    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

    Section Image
  • 3916 Foster Dr, Traverse City, MI 49685

    $379,000

    • 4 Beds
    • 2 Baths
    • 2,292 Sq Ft
    • 3916 Foster Dr
    • Traverse City, MI

    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

    Brian McAllister BOUWMAN REALTY GROUP

    Section Image
See All Homes in Traverse City

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1933656

Northern Great Lakes REALTORS® MLS

Michigan Grand Traverse County Traverse City 49686 South Traverse City

514 E Eighth St, Traverse City, MI

Homes for Sale in Traverse City, MI

This home is located at 514 E Eighth St, Traverse City, MI 49686 and is currently priced at $440,000, approximately $250 per square foot. This property was built in 1896. 514 E Eighth St is a home located in Grand Traverse County with nearby schools including Eastern Elementary School, East Middle School, and Central High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northern Great Lakes REALTORS® MLS The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS® MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.

Copyright 2025 Northern Great Lakes REALTORS® MLS. All Rights Reserved.

Nearby Homes
Erica Marshall
Listing Agent
Erica Marshall
Section Image
REO-TCFront-233021
(231) 680-2095