138 E Sheridan Street Petoskey, MI ^$ 875,000

138 E Sheridan Street

^$ 875,000

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138 E Sheridan Street

Petoskey, MI, 49770

^$ 875,000

Studio Baths0.0

Monthly Estimate*

^$ 5,388

Studio

Multi-Family Home for sale in Petoskey, MI

for $875,000. This home was built in 1900 on a lot size of 3.43.

Well-located 5-unit close to downtown and services. Four units renovated (new electric, drywall, flooring); two new water-heater pumps; parking lot sealed/striped; roof ~5 years old. In-place rent ~$8,100/mo with a mix of renovated and durable finishes. City utilities. Large lot with on-site parking and green space. Attractive cash flow today with upside on future turns and light exterior enhancements.

Multi-Family Active

Price

^$ 875,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 12,200

Style

Lot Size

3.43

Year Built

1900

Town/City

Petoskey

County/Region

Emmet

MLS | Web ID

70512990

Features

General

Heating Forced Air

Cooling None

Status Active Active

Year Built 1900

County Emmet

Class MULTIFAMILY

Type Multi-Family

Net Income 52231.08

Municipality Petoskey

Subdivision MI

Sale/Rent For Sale

Status Detail 0

Area Petoskey (24027)

Primary City Petoskey

City Petoskey

School District Petoskey Schools

Financial Terms Cash Conventional FHA

Legal Description MARTIN KIRWAN'S ADD. LOT 3 BLK 2 ALSO E 44 FT OF LOT 5 BLK 2 ALSO W 15 FT OF LOT 10 BLK 2. SECTION 6 T34N R5W.

DOM 1

Postal Code 49770

Public Remarks Well-located 5-unit close to downtown and services. Four units renovated (new electric drywall flooring); two new water-heater pumps; parking lot sealed/striped; roof ~5 years old. In-place rent ~$8

Interior

Basement MI Basement

Total Number of Units 5

Fuel Type Natural Gas

Exterior

Exterior Vinyl Siding

Frontage 153

Lot Size Area 3.43

Lot Dimensions 153x82.5

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Christopher Skrobeck

Listing Agent

Van Treese Management Llc

Broker

christopher@vantreesemanagement.com

Affordability Calculator

$6,404

Per Month

Monthly Principal & Interest: $5,388
Monthly Property Taxes: $1,017
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

Trends
Schools

Multi-family listings in Petoskey, MI

Average List Price ^$858,333

Percent of Sale Price 2%

About Petoskey, MI

5,638 Population

0% Since 2002

^$40,542 Median Income

38.81 Median Age

19% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3443801 Elementary School

3443804 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/29/2026	$875,000		Listed Price

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138 E Sheridan Street, Petoskey, MI, 49770 is a Multi-Family Home for sale at $875,000 with a lot size of 3.43. 138 E Sheridan Street is a studio with 0.0 baths and was built in 1900. The property's zip code is 49770 which is in Petoskey, 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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138 E Sheridan Street

Multi-Family Home for sale in Petoskey, MI

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