12218 7th Street Bear Lake, MI $ 235,000
12218 7th Street
$ 235,000
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12218 7th Street

Bear Lake, MI, 49614
$ 235,000
Baths0.0

Monthly Estimate*

$ 1,447

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Studio

Multi-Family Home for sale in Bear Lake, MI

for $235,000. This home was built in 1992 on a lot size of 0.67.

Charming Bear Lake duplex with solid income potential! This cute, clean property features two well-kept 2-bedroom, 1-bath units, each with its own garage and laundry. Currently bringing in $1,800 per month total ($900 per unit), it's a great opportunity for an investor or owner-occupant looking for steady cash flow in a desirable lakeside community. Tidy, functional, and easy to love — this is a smart addition to any portfolio. Property functions on private well and septic with natural gas furnace for each unit. Both units have individual gas and electric meters to keep utilities separate. Great location only short walk to Bear Lake and many of the town's conveniences; Bear Lake School, Library and Post Office. Purchase as your primary and use the income from other unit as your own to finance or make easy conversion to 4 bedroom home for your future living needs.

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Multi-Family Contingent

Price

$ 235,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,130

Style

2 to 4 Units

Lot Size

0.67

Year Built

1992

Town/City

Bear Lake

County/Region

Manistee

MLS | Web ID

26007850

Features
General
Sewer Septic Tank
Heating Forced Air
Cooling None
Utilities Phone Connected Natural Gas Connected Electricity Connected
Possession Subject To Tenant Rights
Roof Metal
Construction Materials Vinyl Siding
Year Built 1992
Tenant Pays Electric Trash Gas
Township Bear Lake Twp
Property Subtype 2 to 4 Units
Tax Year 2025
County Manistee
New Construction N
Property Type Multi Family
Attached Garage N
Status Active Backup
City Bear Lake
High School District Bear Lake
Number Of Units Total 2
Lot Size Units Acres
Lot Size Square Feet 29185.0
Listing Terms VA Loan Rural Development MSHDA FHA Cash 2nd Mortgage Conventional
Land Lease Y/N N
Tax Annual Amount 2130.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Active Under Contract
Occupancy Type Tenant
Tax Assessed Value 46504
Legal Description WILDWOOD LOTS 5 7 & 8 & N 26 FT OF LOTS 9 & 10 BLOCK 19. SALE(76) 3344 0770 (93) 20 1584 0318 5 1584 0319 (96) 3631 0051 (98) 3683 0039 (00) 800 4741 0163 (02) 3785 0055 (09) QC 2009R005108
Senior Community None
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Interior
Basement Crawl Space
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Laundry Features Electric Dryer Hookup Gas Dryer Hookup
Total Baths 0
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Exterior
Parking Features Asphalt Driveway
Lot Features Recreational
Water Source Well
Total Parking 4.0
Lot Size Area 0.67
Number of Buildings 1
Spa N
Lot Dimensions 140x 261/130
Lot Size Acres 0.67
Road Surface Type Paved
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 12218
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* Excluded Features
List By
Essential Real Estate

Broker

jennasellsmichigan@gmail.com

Email

Affordability Calculator

$1,624
Per Month
89%
11%
0%
Monthly Principal & Interest
$1,447
Monthly Property Taxes
$178
Monthly 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
248750 Elementary School
250855 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/3/2026$235,000 Listed Price

Map


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12218 7th Street, Bear Lake, MI, 49614 is a Multi-Family Home for sale at $235,000 with a lot size of 0.67. 12218 7th Street is a studio with 0.0 baths and was built in 1992. The property's zip code is 49614 which is in Bear Lake, MI