NOT LISTED FOR SALE

526 E Eighth St Traverse City, MI 49686

South Traverse City Neighborhood
6 Beds
3 Baths
2,346 Sq Ft
7,841 Sq Ft Lot

Last Sold March 13, 2024

Last sale price $463,500 $198 Per Sq Ft

30 Days on Market

Highlights

  • Wood Flooring
  • Victorian Architecture
  • Landscaped
  • Central High School Rated A-
  • Shed
  • 5-minute walk to Hull Park

About This Home

As of March 2024

Excellent income opportunity in downtown Traverse City. Located in the NoBo (North of Boardman River) neighborhood, this property is comprised of 3 units all with a solid rental history. Flexible D-2 zoning allows for C2 Commercial and additional uses including up to 20 unit lodging facility with 25% of the units as short-term rentals with township approval. Turn this back into a single family residence, live in one unit and rent the other two, or keep it as turn key investment. Many possibilities in an area that is exploding with tourism, growth, & gentrification. A 100% walkability score makes this a highly desirable location. West Grand Traverse Bay beaches, TART Recreation Trail, Boardman River & Lake, public library, shops & restaurants all in the neighborhood.

Last Agent to Sell the Property

Mark Hagan

Coldwell Banker Schmidt Traverse City Listed on: 01/09/2024

Coldwell Banker Schmidt Traverse City

Last Buyer's Agent

Sally Roeser

Key Realty One-TC

Key Realty One-TC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1896

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 165x50
  • Landscaped
  • The community has rules related to zoning restrictions

Home Design

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

Interior Spaces

  • 2,346 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Fire and Smoke Detector
  • Oven or Range

Laundry

  • Dryer
  • Washer

Basement

  • Partial Basement
  • Crawl Space

Outdoor Features

  • Shed

Utilities

  • Baseboard Heating
  • High Speed Internet
  • Satellite Dish
  • Cable TV Available
  • TV Antenna

Community Details

  • 3 Units
  • Hannah Lay & Co's 5Th Add 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
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1896

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Washer, Dryer, Smoke Alarms
  • Interior Amenities: Hardwood Floors, Laundry Hook-Up, Drywall
  • Range: R 11W
  • Total Finished Sf Apx: 2346

Exterior Features

  • Additional Buildings: Garden/Storage Shed
  • Exterior Features: Sidewalk, Landscaped
  • Exterior Finish: Vinyl Siding
  • Foundation: Partial, Crawl Space
  • Number Of Acres: 0.18
  • Road: Public Maintained, Blacktop
  • Roof: Asphalt

Utilities

  • Sewer: Municipal
  • Tv Service Internet Avail: Antenna, Cable Tv, Dsl, Cable Internet, Dish Tv, Wifi
  • Water: Municipal
  • Heating Cooling Type: Baseboard

Association/Amenities

  • Development Name: Hannah Lay & Co's 5th Add

Lot Info

  • Lot Dimensions: 165x50
  • Zoning Use Restrictions: Residential, Multi-Family, Commercial, Building-Use Restrictions, Rental History

Rental Info

  • Rent Spree Y N: No

Multi Family

  • Total Number Units: 3

MLS Schools

  • School District: Traverse City Area Public Schools
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/13/2024 03/13/24 Sold $463,500 -6.8% $198 / Sq Ft
01/09/2024 01/09/24 For Sale $497,500 -- $212 / Sq Ft
Source: Northern Great Lakes REALTORS® MLS

Agents Affiliated with this Home

  • Mark Hagan

    Seller's Agent in 2024

    Mark Hagan

    Coldwell Banker Schmidt Traverse City

    (231) 929-7985

    9 in this area

    345 Total Sales

    Mark Hagan
    Section Image
  • Sally Roeser

    Buyer's Agent in 2024

    Sally Roeser

    Key Realty One-TC

    (231) 499-5075

    1 in this area

    43 Total Sales

    Sally Roeser
    Section Image
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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1918583

Northern Great Lakes REALTORS® MLS
Michigan Grand Traverse County Traverse City 49686 South Traverse City

526 E Eighth St, Traverse City, MI

Not Listed for Sale

MultiFamily

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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 2026 Northern Great Lakes REALTORS® MLS. All Rights Reserved.

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