706 Forest Avenue Frankfort, MI $ 610,000
706 Forest Avenue
$ 610,000
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706 Forest Avenue

Frankfort, MI, 49635
$ 610,000
Baths2.0 Sq 1,559

Monthly Estimate*

$ 3,756

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Studio

Multi-Family Home for sale in Frankfort, MI

for $610,000 with 2 full baths. This 1,559 square foot home was built in 1920 on a lot size of 0.17.

Renovated duplex in a prime downtown Frankfort location just blocks from Lake Michigan, Betsie Bay, shopping, dining, and the attractions that make this area a strong draw for both year-round residents and visitors. With two separate 2-bedroom, 1-bath apartments, this property offers excellent flexibility for long-term rental income, short-term rental potential, or owner occupancy with added revenue from the second unit. Both units offer updated interiors with neutral finishes, new appliances, dishwashers, washers and dryers, air conditioning, and private entrances. The main floor unit includes a spacious kitchen, living area, and dining space, while the upper unit offers a full kitchen, dining space and comfortable living room. Functional layouts and modern updates help support rental appeal and ease of ownership. A turn-key option exists, making ownership easy! Strong rental history is available, making this a compelling opportunity for investors seeking an income-producing property in one of Northern Michigan’s most desirable lake-town markets. (Seller currently has two STR permits with the City of Frankfort -https://www.frankfortmich.com/how_do_i/learn_about/short_term_rentals.php for details or contact the City of Frankfort 231-352-7117)

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Multi-Family Active

Price

$ 610,000

Bedrooms

Studio

Full Bath

2

Property Type

Multi-Family

Taxes

$ 0

Style

Duplex

Lot Size

0.17

Year Built

1920

Town/City

Frankfort

County/Region

Benzie

MLS | Web ID

1942904

Features
Interior
Interior Amenities Solid Surface Counters High Speed Internet Cable TV
Basement Exterior Entry
Fireplace Features None
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N N
Window Features Blinds
Fireplace Y/N N
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
Total Baths 2
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General
Sewer Public Sewer
Heating Hot Water Baseboard Natural Gas
Cooling Window Unit(s) Electric
Possession Subject To Tenant Rights
Roof Asphalt
Appliances Refrigerator Dishwasher Microwave Washer Dryer Electric Water Heater Gas Water Heater
Patio/Porch Features Deck Covered
Construction Materials Frame Vinyl Siding
Pets Allowed false
Year Built 1920
View Water Bay
Stories Count 2
Township Frankfort
Levels Two
Property Subtype Multi Family
Community Features None
Accessibility None
Assoc Fee Paid Per Annually
County Benzie
New Construction N
Property Type Residential Income
Attached Garage N
Subdivision Name Town & Harbor Frankfort
Garage Y/N N
Other Structures None
Rent Includes None
Status Active
Directions Second house on the south side of Forest Ave just before Seventh St. heading into downtown. Private parking available behind the home off of Anchor Place. Looks for real estate signs.
High School Frankfort High School
City Frankfort
High School District Frankfort-Elberta Area Schools
Zoning Description Residential
Number Of Units Total 2
Lot Size Units Acres
Lot Size Square Feet 7405.2
Carport Y/N N
Elementary School Frankfort Elementary School
Home Warranty Y/N N
Middle/Junior High School Frankfort High School
Ok to Lease Other
Lease Renewal Y/N N
Lease Considered Y/N N
Virtual Tour https://www.zillow.com/view-imx/3879314d-6b1f-4029-a42e-b88b250436cd?initialViewType=pano&utm_source=dashboard
Structure Type Duplex
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District Frankfort-Elberta Area Schools
Elementary School District Frankfort-Elberta Area Schools
Tax Assessed Value 124500
Ownership Type Private Owner
Lease Amount Frequency Annually
Legal Description LOT 7 BLK 22 EXC W 2 FT OF N 1/2 TOWN & HARBOR FRANKFORT
Year Built Effective 2023
Freehold IDX
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Exterior
Parking Features None
Lot Features Landscaped
Water Source Public
Lot Size Area 0.17
Foundation Details Block
Number of Buildings 1
Spa N
Lot Dimensions 50x150x48x75x75
Lot Size Acres 0.17
Road Surface Type Asphalt
Waterfront Y/N N
Road Responsibility Public Maintained Road
Horse Y/N N
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* Excluded Features
List By
Reo-Tcbeulah-Frankfort-233027

Broker

Home: 231-882-6996

Contact

Affordability Calculator

$3,756
Per Month
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0%
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Monthly Principal & Interest
$3,756
Monthly Property Taxes
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Monthly Home Insurance
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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
2034167 Elementary School
2034583 Middle School
Frankfort High School High School
Pricing History
DatePricePrice ChangeDescription
3/12/2026$610,000 Listed Price

Map


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706 Forest Avenue, Frankfort, MI, 49635 is a Multi-Family Home for sale at $610,000 with 1,559 sqft and a lot size of 0.17. 706 Forest Avenue is a studio with 2.0 baths and was built in 1920. The property's zip code is 49635 which is in Frankfort, MI