131 N Spruce # Lot: 9
Traverse City, MI, 49684 $ 599,900
Bedrooms-- Baths0.0 Sq 508 Monthly Estimate*
$ 4,143
for $599,900. This 508 square foot home was built in 1890 on a lot size of 0.17.
Slabtown homes don't turn over often, and a true two-residence property here turns over even less. This is a rare opportunity to let a second residence help offset the mortgage while putting you in one of Traverse Cityââ¬â¢s most walkable, sought after locations. The neighborhood lives up to the reputation, with multiple parks, the TART Trail and a beach just blocks away. Local staples like Slabtown Burgers, Tom's Food Markets, and Dairy Lodge are all within easy reach, so plenty of errands turn into a walk instead of a drive. The home offers two distinct living spaces, each with its own entrance, kitchen, and bath. Use the secondary living quarters as a rental to help offset the mortgage, create a comfortable mother-in-law suite, give adult kids their own space when they move back home, accommodate a caretaker, host long-term guests, or simply keep a separate space for work or hobbies. The main home features refinished hardwood floors and an updated bathroom, while the three-stall garage brings serious utility, including one bay with a raised door built for a boat. A large concrete parking pad alongside the garage provides even more room for vehicles or a trailer. Out back, a generous yard framed by mature trees leads to a patio to catch the afternoon sun. Thereââ¬â¢s plenty of room to spread out, entertain, garden, or simply enjoy having outdoor space of your own. Income, family, guests, caregiving, or just more room to live, this is a property that can evolve with you. In a neighborhood where opportunities like this rarely come along, the flexibility is already built in. This is Slabtown living, ready for its next owner.
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FeaturesInteriorInterior Amenities Hardwood Floors Walk-In Closet
Basement Partial
Total Number of Units 2
Fuel Type Natural Gas
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GeneralHeating Forced Air
Possession Negotiable (Possession)
Garage Detached Garage
Water Public Water
Appliances Dishwasher Dryer Microwave Range/Oven Refrigerator Washer
Status Active Active
Year Built 1890
Parking Garage
Subdivision HANNAH LAY & CO'S 3RD ADD MI
County Grand Traverse
Class MULTIFAMILY
Type Multi-Family
Ownership Private
Municipality Traverse City
Section 4
Zoning Residential
Sale/Rent For Sale
Status Detail 0
Utilities Cable Available
Structure Style 1 Story
Area Traverse City (28021)
Primary City Traverse City
Directions From Division St (US-31) downtown head west on Front St into Slabtown then turn right (north) onto N Spruce St.
City Traverse City
School District Traverse City Area Public School
Financial Terms Cash
Legal Description LOT 9 BLOCK 8 HANNAH LAY & CO'S 3RD ADD
DOM 57
Postal Code 49684
Price Per Sq Ft Total AG 1180.91
Public Remarks Slabtown homes don't turn over often
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ExteriorExterior Amenities Sidewalks
Lot Size Area 0.17
Lot Dimensions 50 x 150
Water Features None
Waterfront Y/N No
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* Excluded FeaturesList Byjanelbrownrealtor@charter.netEmail
Affordability Calculator
- Monthly Principal & Interest
- $4,143
- Monthly Property Taxes
- $233
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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.
Learn more about how to save NearbyMulti-family listings in Traverse City, MI
Average List Price $962,296
Percent of Sale Price 60%
About Traverse City, MI 15,817 Population
7% Since 2002
$ 49,237 Median Income
41.86 Median Age
21% Households with Children
Trends Information provided by ATTOM Data Solutions.
3769590 Elementary School
3769595 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/3/2026 | $599,900 | | Listed Price |