$325,000
SOLD AUG 11, 2026
-- Beds
2 Baths
1,428 Sq Ft
3,920 Sq Ft Lot

Sale Details

Date Sold: August 11, 2026

$228 Per Sq Ft

7% Below List Price

17 Days on Market

Highlights

  • Deck
  • Central High School Rated A-
  • Forced Air Heating System

About This Home

As of August 2026

Investment Opportunity in the Heart of Downtown Traverse City. This 1,428-square-foot home sits on 0.09 acres along the highly desirable Eighth Street corridor, within walking distance to downtown shopping, restaurants, beaches, parks and trails. Currently configured as two long-term rental units, each apartment offers it's own kitchen and living room plus 2 bedrooms and 1 bathroom. The property is fully leased, and the current tenants would like to remain in place, providing immediate rental income for an investor seeking a stable, as-is opportunity. The property has been priced to reflect its condition and offers tremendous upside for buyers looking to renovate or redevelop. D-2 Zoning offers long-term rentals, short-term rentals or commercial. Unlock the potential with its flexible zoning and prime location, this property offers numerous possibilities. Please review list in associated documents. Whether you're an investor, developer, or someone looking for a downtown renovation project, this property offers the rare combination of current income, future potential and an outstanding location. Seller is a licensed Real Estate Broker in the State of Michigan.

Last Agent to Sell the Property

Stacy Allman

MI Properties North Real Estate Group Listed on: 07/20/2026

MI Properties North Real Estate Group

Last Buyer's Agent

Melanie Schaub

Schaub Team Premier Realty

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1891

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 165 x 25

Home Design

  • Duplex
  • Fixer Upper
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 2 Bathrooms
  • 1,428 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Basement

  • Michigan Basement
  • Crawl Space

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

Overview

  • 2 Units

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1891

Lot Details

3,920 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Community Features: None
  • Horses: No
  • LotSizeAcres: 0.09
  • Lot Size: 165 x 25
  • Has Spa?: No
  • Has View?: No
  • Association Fee Frequency: Annually
  • Co List Office Mls Id: T433411
  • Subdivision Name: N/A
  • Accessibility Features: None
  • Basement: Michigan Basement, Crawl Space
  • Has Fireplace?: No
  • Unit Levels: Two
  • Living Area: 1428
  • Is New Construction?: No
  • Efficiency: Not Applicable
  • Property Attached Yn: Yes
  • Structure Type: Duplex
  • Year Built: 1891
  • Special Features: None

Interior Features

  • Interior Amenities: Other, Cable TV, High Speed Internet
  • Number Of Buildings: 1
  • Appliances: Refrigerator, Oven/Range
  • Fireplace Features: None
  • Stories: 2

Exterior Features

  • Exterior Features: Sidewalk
  • Roof: Asphalt
  • Has Private Pool?: No
  • Waterfront Features: None
  • Waterfront?: No
  • Home Warranty: No
  • Construction Type: Frame, Vinyl Siding
  • Other Structures: None
  • Patio And Porch Features: Deck
  • Property Condition: Fixer

Garage/Parking

  • Has Carport?: No
  • Has Attached Garage?: No
  • Has Open Parking?: No
  • Parking Features: Assigned

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air, Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: None
  • Pets Allowed: false

Schools

  • Junior High Dist: Traverse City Area Public Schools

Lot Info

  • Land Lease Amount Frequency: Annually
  • Lot Size Sq Ft: 3920.399999999
  • Zoning Description: Commercial,Rental History

Green Features

  • Green Water Conservation: Not Applicable

Rental Info

  • Lease Term: Month To Month

Multi Family

  • Number Of Units Total: 2
  • Above Grade Finished Area Units: Square Feet

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 1, 2003

Purchase Details

Closed on
Jul 1, 1992
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Deed $120,000 --
Deed $24,000 --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/11/2026 08/11/26 Sold $325,000 -7.1% $228 / Sq Ft
08/06/2026 08/06/26 Pending -- -- --
07/20/2026 07/20/26 For Sale $350,000 -- $245 / Sq Ft
Source: Northern Great Lakes REALTORS® MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $4,099 $143,700 $0 $0
2025 $3,790 $171,700 $0 $0
2024 $3,687 $147,000 $0 $0
2023 $3,459 $94,000 $0 $0
2022 $3,570 $112,300 $0 $0
2021 $3,483 $94,000 $0 $0
2020 $3,446 $84,200 $0 $0
2019 $3,417 $73,000 $0 $0
2018 $3,343 $75,100 $0 $0
2017 -- $74,400 $0 $0
2016 -- $65,800 $0 $0
2014 -- $60,200 $0 $0
2012 -- $56,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1948200

Northern Great Lakes REALTORS® MLS

APN: 51-634-055-00

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