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

Frankfort, MI, 49635
$ 610,000
Baths0.0

Monthly Estimate*

$ 3,756

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Studio

Multi-Family Home for sale in Frankfort, MI

for $610,000. This 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 Contingent

Price

$ 610,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,234

Style

2 to 4 Units

Lot Size

0.17

Year Built

1920

Town/City

Frankfort

County/Region

Benzie

MLS | Web ID

26009446

Features
General
Sewer Public Sewer
Heating Baseboard Hot Water
Cooling Window Unit(s)
Utilities Natural Gas Available Electricity Available Cable Available Natural Gas Connected Electricity Connected Cable Connected
Possession Negotiable Subject To Tenant Rights
Roof Composition
Construction Materials Vinyl Siding
Year Built 1920
Tenant Pays None
Township Frankfort
Property Subtype 2 to 4 Units
Tax Year 2025
County Benzie
New Construction N
Property Type Multi Family
Attached Garage N
Status Active Backup
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.
City Frankfort
High School District Frankfort
Number Of Units Total 2
Lot Size Units Acres
Lot Size Square Feet 7405.0
Listing Terms Cash Conventional
Land Lease Y/N N
Tax Annual Amount 1234.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Active Under Contract
Tax Assessed Value 124500
Legal Description LOT 7 BLK 22 EXC W 2 FT OF N 1/2 TOWN & HARBOR FRANKFORT P.A. 706 FOREST AVENUE 8/78 174/371 QC; 10/81 189/482 MLC; 216/107-109 WD; BP 3/87; 7/92 261/870 QC; 01/67 504/1019 DC; 04/04 504/1018 WD; 03/
Senior Community None
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Interior
Basement Partial
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Laundry Features In Unit
Total Baths 0
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Exterior
Parking Features Driveway Gravel
Lot Features Level Sidewalk
Total Parking 4.0
Lot Size Area 0.17
Number of Buildings 1
Spa N
Lot Dimensions 50x150x48x75x75
Lot Size Acres 0.17
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 1 706
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* Excluded Features
List By
Real Estate One Beulah

Broker

jon@jonzickert.com

Email

Affordability Calculator

$3,859
Per Month
97%
3%
0%
Monthly Principal & Interest
$3,756
Monthly Property Taxes
$103
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
2388048 Elementary School
2388051 Middle School
Unknown 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 a lot size of 0.17. 706 Forest Avenue is a studio with 0.0 baths and was built in 1920. The property's zip code is 49635 which is in Frankfort, MI