1638-1640 S Garfield Avenue Traverse City, MI ^$ 245,000

1638-1640 S Garfield Avenue

^$ 245,000

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1638-1640 S Garfield Avenue

Traverse City, MI, 49686

^$ 245,000

Studio Baths0.0 Sq 780

Monthly Estimate*

^$ 1,509

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Studio

Multi-Family Home for sale in Traverse City, MI

for $245,000. This 780 square foot home was built in 1969 on a lot size of 0.35.

Discover a promising investment opportunity in Traverse City, Michigan. This ranch-style duplex features two identical units on a spacious lot, offering significant potential for both interior renovations and outdoor improvements. The property boasts a consistent rental history, making it an attractive income-generating asset. Perfect for investors seeking a reliable project with room for value enhancement through strategic upgrades. Convenient location close to all amenities.

Multi-Family Active

Price

^$ 245,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Ranch

Lot Size

0.35

Year Built

1969

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

80064746

Features

General

Heating Baseboard

Possession Negotiable (Possession)

Fireplaces Wood Stove

Water Public Water

Appliances Range/Oven Refrigerator

Status Active Active

Year Built 1969

Subdivision Wilbur Woods

Style Ranch

County Grand Traverse

Class MULTIFAMILY

Type Multi-Family

Ownership Private

Municipality Garfield Twp

Section 14

Zoning Residential

Sale/Rent For Sale

Status Detail 0

Utilities Cable Available Internet DSL Available

Area Garfield Twp (28005)

Directions From Munson Ave south on Garfield just before Cherry Land Center on west side. (across the street from Bill Marsh)

City Traverse City

School District Traverse City Area Public School

Financial Terms Cash

Legal Description Lot 3 Wilbur Woods

DOM 1

Price Per Sq Ft Total AG 314.1

Public Remarks Discover a promising investment opportunity in Traverse City Michigan. This ranch-style duplex features two identical units on a spacious lot

Exterior

Exterior Brick

Lot Size Area 0.35

Lot Dimensions 100 X 156

Water Features None

Waterfront Y/N No

Interior

Total Number of Units 2

Fuel Type Natural Gas

* Excluded Features

List By

Mark Hagan

Listing Agent

Coldwell Banker Schmidt Traver

Broker

info@markhagan.com

Affordability Calculator

$1,509

Per Month

Monthly Principal & Interest: $1,509
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Traverse City, MI

Average List Price ^$655,880

Percent of Sale Price 168%

About Traverse City, MI

15,817 Population

7% Since 2002

^$49,237 Median Income

41.86 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3769590 Elementary School

3769595 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/10/2026	$245,000		Listed Price

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1638-1640 S Garfield Avenue, Traverse City, MI, 49686 is a Multi-Family Home for sale at $245,000 with 780 sqft and a lot size of 0.35. 1638-1640 S Garfield Avenue is a studio with 0.0 baths and was built in 1969. The property's zip code is 49686 which is in Traverse City, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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1638-1640 S Garfield Avenue

Multi-Family Home for sale in Traverse City, MI

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