3111 Cresthill Lane Traverse City, MI ^$ 400,000

3111 Cresthill Lane

^$ 400,000

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3111 Cresthill Lane

Traverse City, MI, 49686

^$ 400,000

Studio Baths0.0 Sq 840

Monthly Estimate*

^$ 2,463

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Studio

Multi-Family Home for sale in Traverse City, MI

for $400,000. This 840 square foot home was built in 1989 on a lot size of 1.08.

This is a your opportunity to invest in an excellent income property with strong rental history. Conveniently located off of Five Mile Road in East Bay Township. This home has been well-maintained and recently updated with new windows, doors, kitchen flooring, cabinets, and flooring. Each unit has it's own laundry hookup. Fully encapsulated crawlspace. There is presently a 2-stall garage but property allows for an additional 1400 sq foot garage to be built. Property includes 2 septic systems which have been regularly pumped.

Multi-Family Pending

Price

^$ 400,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 5,962

Style

Lot Size

1.08

Year Built

1989

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

80067944

Features

General

Heating Wall Heat Baseboard

Cooling Wall/Window A/C

Possession Subject To Tenant Rights

Garage Detached Garage

Water Private Well

Appliances Dishwasher Dryer Range/Oven Refrigerator Washer

Status Pending Pending

Year Built 1989

Parking Garage

Subdivision N/A MI

County Grand Traverse

Class MULTIFAMILY

Type Multi-Family

Ownership Private

Municipality East Bay Twp

Section 22

Zoning Multi-Family Residential

Sale/Rent For Sale

Status Detail 0

Utilities Cable Available

Structure Style 1 Story

Area East Bay Twp (28003)

Primary City Traverse City

Directions Five Mile Road to Cresthill. Home is the first on the left.

City Traverse City

School District Traverse City Area Public School

Financial Terms Cash Exchange/Trade

Legal Description LOT 3 PROUTY HILLS SUBDIVISION

DOM 4

Postal Code 49686

Price Per Sq Ft Total AG 476.19

Public Remarks

Exterior

Exterior Amenities Porch

Lot Size Area 1.08

Lot Dimensions 290x165

Water Features None

Waterfront Y/N No

Interior

Total Number of Units 2

Fuel Type Electric Natural Gas

* Excluded Features

List By

Sally Roeser

Listing Agent

Key Realty One-Tc

Broker

sally@keyhomestc.com

Affordability Calculator

$2,960

Per Month

Monthly Principal & Interest: $2,463
Monthly Property Taxes: $497
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

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 ^$1,137,982

Percent of Sale Price 184%

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
5/8/2026	$400,000		Listed Price

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3111 Cresthill Lane, Traverse City, MI, 49686 is a Multi-Family Home for sale at $400,000 with 840 sqft and a lot size of 1.08. 3111 Cresthill Lane is a studio with 0.0 baths and was built in 1989. 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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3111 Cresthill Lane

Multi-Family Home for sale in Traverse City, MI

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