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Traverse City, MI Multifamily Homes & Duplexes for Sale

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  • /36

    $775,000

    • 3 Beds
    • 2 Baths
    • 1,258 Sq Ft

    864 E State St, Traverse City, MI 49686

    Fully renovated 2 bed/1 bath and 1 bed/1 bath duplex, turnkey, entirely furnished, and income-ready! Nearly every inch of this property has been meticulously reconstructed from the studs with premium finishes, new mechanicals, appliances, insulation, drywall, trim, flooring, tile, paint, electrical, and plumbing systems. Exterior improvements include new siding, windows, doors, trim, foundation

    Agent Photo

    Lydia Wiley

    @properties Christie's Int'l

    (231) 227-3246

    864 E State St, Traverse City, MI 49686
  • /51

    $895,000

    • 4 Beds
    • 2 Baths
    • 1,789 Sq Ft

    858 Rennie Lake Rd, Traverse City, MI 49696

    This is a dual listing with MLS # 1936531 in Residential Catagory. 2 units on 1 property. House with 3 br 1 bath and a cottage 1 br 1 bath both have been updated with new roofs, windows, Kitchens and Baths both have washer dryers, Decks overlooking Rennie Lake This is an established short term rental property current income is over $50,000 per year with potential of over $85,000 per year

    Sharon Brown Bayside Real Estate

    858 Rennie Lake Rd, Traverse City, MI 49696
  • /12

    $465,000

    • 4 Beds
    • 2 Baths
    • 1,851 Sq Ft

    630 W Eighth St, Traverse City, MI 49684

    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

    Jennifer Hastings Key Realty One-TC

    630 W Eighth St, Traverse City, MI 49684
  • /41

    $425,000

    • 4 Beds
    • 2 Baths
    • 2,132 Sq Ft

    10500 E Traverse Hwy, Traverse City, MI 49684

    Incredible investment opportunity just steps from West Grand Traverse Bay, Tom’s West Bay Market, and the TART Trail. This west side duplex features two 2-bedroom, 2-bath units, both currently leased with strong rental history. Located in one of Traverse City’s most desirable neighborhoods, this property offers easy access to the area’s best beaches, trails, and shopping. Minutes from downtown,

    Dave Cutler Twin Bay Properties, LLC

    10500 E Traverse Hwy, Traverse City, MI 49684
  • /67

    $4,700,000

    • Studio
    • 5,644 Sq Ft

    18599 Mission Rd, Traverse City, MI 49686

    Landmark commercial opportunity on Old Mission Peninsula. Available for the first time in decades, the historic Old Mission Inn offers an unparalleled chance to acquire a piece of Northern Michigan heritage in a truly exceptional setting. Located at the tip of the peninsula, just steps from Haserot Beach, this iconic property has served as a welcoming retreat and a cornerstone of the Old Mission

    Alexandra Burris REMAX Bayshore - W Bay Shore Dr TC

    18599 Mission Rd, Traverse City, MI 49686
  • /26

    $985,000

    • 5 Beds
    • 5 Baths
    • 3,700 Sq Ft

    628 Sixth St, Traverse City, MI 49684

    Two Homes, One Lot, Endless Potential! Located in one of Traverse City’s most sought-after neighborhoods, this one-of-a-kind property includes two separate full size homes, each with their own private back yard and garage. This prime location is ideal for walkable or bikeable Traverse City, offering all the best of in-town living! The front home is beautifully preserved, bursting with charm and

    Erika Korndorfer REO-TCRandolph-233022

    628 Sixth St, Traverse City, MI 49684
  • /14

    $445,000

    • 6 Beds
    • 3 Baths
    • 2,382 Sq Ft

    526 E Eighth St, Traverse City, MI 49686

    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

    526 E Eighth St, Traverse City, MI 49686
  • /45

    $749,900

    • 5 Beds
    • 3 Baths
    • 2,759 Sq Ft

    200 Seventh St, Traverse City, MI 49684

    Welcome to this charming 5-bedroom, 3-bathroom home nestled in downtown Traverse City. This versatile property boasts three units ideal for multi-family living or residential use. Recently updated and meticulously maintained, the home offers a prime location in the heart of Traverse City, providing easy access to all amenities and a stone's throw from the Boardman River. Unit 1 serves as the

    Christina Johnson Keller Williams Northern Michi

    200 Seventh St, Traverse City, MI 49684
  • /16

    $2,950,000

    • Studio

    0000 N Garfield Woods Dr, Traverse City, MI 49686

    This is an incredible opportunity for a developer interested in constructing an 84 unit apartment or condo development in Traverse City - all of the preliminary work is DONE! This property and owner has ALL permits, building and site plans, engineering, and approvals in hand to begin work right away - it is truly shovel ready! The rental market continues to have immense needs in Traverse City,

    Blake Bernard REO-TCRandolph-233022

    0000 N Garfield Woods Dr, Traverse City, MI 49686
  • /28

    $439,900

    • 2 Beds
    • 2 Baths
    • 1,425 Sq Ft

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

    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

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

Why Live in Traverse City

On the edge of Lake Michigan, the resort town of Traverse City stands as the largest producer of tart cherries nationwide and a vantage point for stunning views of northern Michigan. “It’s a gorgeous area— there’s a special beauty. You don’t have ...

Home Trends in Traverse City, MI

Housing Trends

Median Sale Price
$449,000
Median Single Family Sale Price
$459,555
Median Townhouse Sale Price
$350,000
Median 2 Bedroom Sale Price
$424,000
Median 1 Bedroom Sale Price
$315,000
Average Price Per Sq Ft
$363
Number of Homes for Sale
56
Last 12 months Home Sales
751
Months of Supply
0.90
Median List Price
$459,211
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
1%
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