$1,625,000

918 Third St Unit 1-5, 7,8 Traverse City, MI 49684

Slabtown Neighborhood

Estimated payment $10,374/month

1 Bed
2 Baths
3,550 Sq Ft
$458 Price per Sq Ft

Highlights

  • Solid Surface Countertops
  • Breakfast Area or Nook
  • Patio
  • Willow Hill Elementary School Rated A-
  • Balcony
  • Handicap Accessible

About This Home

Exceptional opportunity to own 7 fully rented condo units in an unbeatable location just minutes from downtown Traverse City! Situated close to West Bay, Munson Medical Center, shopping, dining, and year-round recreation, these condos offer convenience, comfort, and consistent rental income. Each unit is currently leased and professionally managed, making this a turnkey investment with immediate cash flow. Whether you're looking to expand your real estate portfolio or enter the market with a solid income-producing asset, this package delivers. Property Highlights: • 7 fully leased condos – strong rental history • Desirable location near downtown, West Bay, hospital, and amenities. • On-site parking and private storage for most units • Professionally managed – hassle-free ownership • Excellent long-term investment potential • Flexible exit strategy: hold for cash flow, sell individually, or owner-occupy in the future. Opportunities like this are rare in Traverse City’s thriving real estate market. Contact us today for financials or to schedule a private showing.

Listing Agent

Erika Nita

@properties Christie's Int'l License #6501408018 Listed on: 09/24/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2017

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 40x190
  • Landscaped
  • The community has rules related to zoning restrictions

HOA Fees

  • $167 Monthly HOA Fees

Home Design

  • Duplex
  • Poured Concrete
  • Fire Rated Drywall
  • Frame Construction
  • Membrane Roofing
  • Stone Siding
  • Vinyl Siding

Interior Spaces

  • 3,550 Sq Ft Home
  • Ceiling Fan
  • Blinds
  • Fire and Smoke Detector

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Solid Surface Countertops

Laundry

  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage
  • Basement Window Egress

Parking

  • Garage
  • Heated Garage
  • Assigned Parking

Accessible Home Design

  • Handicap Accessible

Outdoor Features

  • Balcony
  • Patio

Utilities

  • Zoned Heating and Cooling
  • Ductless Heating Or Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window
  • Cable TV Available

Community Details

  • 7 Units
  • Slabtown Flats Community

Property Details

Home Type

Multi-Family

Year Built

Built in 2017

Lot Details

0

HOA Fees

$167 per month

Listing Details

  • Class: Multi-Family
  • Type: Multi-Family
  • Property Type: Condominium, Apartment Complex, 2 Residences / 1 Lot
  • Style: Apartment
  • Estimated Year Built: 2017
  • Construction: Frame
  • Section Number: 4
  • Univs Design Barrier Free: Main Floor Access, Roll-In Shower, Grab Bars, Hand Rails
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 2017

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Dishwasher, Microwave, Washer, Dryer, All Units The Same, Freezer, Blinds, Ceiling Fan, Smoke Alarms
  • Interior Amenities: Handicap Access/Equipment, Storage Space, Breakfast Nook, Solid Surface Counters, Drywall
  • Price Per Sq Ft: 457.75
  • Range: R 11W
  • Total Finished Sf Apx: 3550

Exterior Features

  • Exterior Features: Sidewalk, Patio, Landscaped, Balcony
  • Exterior Finish: Vinyl Siding, Stone
  • Foundation: Poured Concrete, Finished Rooms, Egress Windows, Full Finished, Shared Storage
  • Number Of Acres: 0.18
  • Road: Association, Shared, Privately Maintained, Blacktop
  • Roof: Membrane

Garage/Parking

  • Primary Garage: Assigned Parking Spaces, Paved Driveway, Heated

Utilities

  • Sewer: Municipal
  • Tv Service Internet Avail: Cable Tv, Cable Internet, Wifi
  • Water: Municipal
  • Heating Cooling Type: Zoned/Dual, Wall, Ductless A/C

Association/Amenities

  • Development Name: Slabtown Flats

Condo/Co-op/Association

  • Association Fees: Monthly
  • Monthly Assn Dues: 167

Schools

  • School District: Traverse City Area Public Schools

Lot Info

  • Lot Dimensions: 40x190
  • Zoning Use Restrictions: Residential, Multi-Family, Deed Restrictions, Rental History

Rental Info

  • Included In Lease: Exterior Maintenance, Trash Removal, Snow Removal, Water, Sewer, Pets Allowed

Multi Family

  • Total Number Units: 7

MLS Schools

  • School District: Traverse City Area Public Schools

Map

Range of Values:

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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 Change Sq Ft Price
09/24/2025 09/24/25 For Sale $1,625,000 -- $458 / Sq Ft
Source: Northern Great Lakes REALTORS® MLS

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1938932

Northern Great Lakes REALTORS® MLS
Michigan Grand Traverse County Traverse City 49684 Slabtown

918 Third St Unit 1-5, 7,8, Traverse City, MI

This home is located at 918 Third St Unit 1-5, 7,8, Traverse City, MI 49684 and is currently priced at $1,625,000, approximately $457 per square foot. This property was built in 2017. 918 Third St Unit 1-5, 7,8 is a home located in Grand Traverse County with nearby schools including Willow Hill Elementary School, West Middle School, and West Senior 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.

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Erika Nita
Listing Agent
Erika Nita
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@properties Christie's Int'l
(231) 241-9747