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517 S Oak Street Traverse City, MI $ 475,000
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$ 475,000 Get more info
517 S Oak Street
$ 475,000
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517 S Oak Street

Traverse City, MI, 49684
$ 475,000
Baths4.0 Sq 2,158

Monthly Estimate*

$ 2,925

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Studio

Multi-Family Home for sale in Traverse City, MI

for $475,000 with 4 full baths. This 2,158 square foot home was built in 1900 on a lot size of 0.1.

Well-located fourplex just a short walk from all the shops, restaurants, and amenities of downtown Traverse City, making it a highly desirable location for both current and future tenants. Each of the four units features 1 bedroom and 1 bathroom, with two units on the main level and two on the upper level, all with private entrances. The property also offers a shared coin-operated laundry room in the basement for tenant convenience. Each unit is individually metered for gas and electric, providing the opportunity for a future owner to adjust utility responsibilities if desired. Each unit includes one parking space, and rents currently include utilities. Utilities currently paid by the landlord include: electricity, natural Gas / propane, water & sewer, trash collection, recycling. This is a strong opportunity to own a well-positioned multi-unit property in one of Traverse City’s most walkable locations.

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Multi-Family Active

Price

$ 475,000

Bedrooms

Studio

Full Bath

4

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1

Year Built

1900

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

1942885
Features
Interior
Interior Amenities None
Basement Michigan Basement
Fireplace Features None
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
Total Baths 4
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General
Sewer Public Sewer
Heating Wall Furnace Natural Gas
Possession Close Of Escrow
Roof Other
Appliances Refrigerator Oven/Range Freezer
Construction Materials Frame Vinyl Siding
Pets Allowed false
Year Built 1900
Stories Count 2
Township Traverse City
Levels Two
Property Subtype Multi Family
Waterfront Features None
Community Features None
Accessibility None
Assoc Fee Paid Per Annually
County Grand Traverse
New Construction N
Property Type Residential Income
Attached Garage N
Subdivision Name Perry Hannahs 1st
Garage Y/N N
Other Structures Shed(s)
Rent Includes Exterior Maintenance Trash Collection Snow Removal Heating/Cooling Electricity Water Sewer
Status New
Directions From West Front St head South on Oak St. Property is located between Eight and Ninth Streets.
City Traverse City
High School District Traverse City Area Public Schools
Zoning Description Multi-Family Rental History
Number Of Units Total 4
Lot Size Units Acres
Lot Size Square Feet 4356
Carport Y/N N
Home Warranty Y/N N
Ok to Lease 12 Months
Lease Renewal Y/N Y
Lease Considered Y/N N
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District Traverse City Area Public Schools
Elementary School District Traverse City Area Public Schools
Tax Assessed Value 137871
Ownership Type Private Owner
Lease Amount Frequency Annually
Legal Description N 50 FT OF LOTS 41-42 & N 50 FT OF W 12 FT OF LOT 40 BLOCK 5 PERRY HANNAH'S 1ST ADD
Year Built Effective 1990
Freehold IDX
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Exterior
Exterior Amenities Sidewalk
Parking Features None
Water Source Public
Lot Size Area 0.1
Number of Buildings 2
Spa N
Lot Dimensions 61x50
Lot Size Acres 0.1
Road Surface Type Concrete
Waterfront Y/N N
Road Responsibility Public Maintained Road
Horse Y/N N
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* Excluded Features
List By
Coldwell Banker Schmidt Traverse City

Broker

Cell: 231-360-1099

Contact

Affordability Calculator

$2,925
Per Month
100%
0%
0%
Monthly Principal & Interest
$2,925
Monthly Property Taxes
--
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
2034238 Elementary School
2034116 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/11/2026$475,000 Listed Price

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517 S Oak Street, Traverse City, MI, 49684 is a Multi-Family Home for sale at $475,000 with 2,158 sqft and a lot size of 0.1. 517 S Oak Street is a studio with 4.0 baths and was built in 1900. The property's zip code is 49684 which is in Traverse City, MI

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