Fully Renovated Duplex Short-Term
For Sale
$420,000
509 Rose Street, Traverse City, MI 49686
SINGLE_FAMILY - Traverse City, MI
Property Size977 SF
Lot Size0.05 Acres
Price / SF$429.89
Days on Market63
Property Features for 509 Rose Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
Residential,Multi-Family,
Zoning description
Residential, Multi-Family, Commercial
Bedrooms
2
Bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 1
Interior features
Breakfast Nook, Drywall
Exterior features
Sidewalk
Appliances
Refrigerator, Oven/Range, Dishwasher, Microwave
Lot features
Corner Lot
Elementary school district
Traverse City Area Public Schools
Middle school district
Traverse City Area Public Schools
High school district
Traverse City Area Public Schools
Directions
On Rose St. near Eighth St., right behind Potter's Bakery
Subdivision
Grand Traverse
Standard status
Active
Size
977 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Description
S 40 FT OF LOT 18 OAK HTS ADD
Legal Description
S 40 FT OF LOT 18 OAK HTS ADD
Building Details
Year built
1896
Floors in Building
2
Building materials
Frame, Timber Frame
Roof type
Asphalt
Architectural style
Other
Listing Agency:
REMAX Bayshore - Union St TC · RE/MAX International
(231) 941-4500
Listed By:
Troy Daily · License #6501442788
(231) 288-7676
Added: Jun 10
Changed: Aug 6
Last Checked: Aug 11 at 5:06PM
MLS# 1946364
Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Fully renovated duplex with two 1-bedroom, 1-bath units, each furnished and permitted to operate as a short-term rental since 2019. The lower unit offers 500 SF with a full kitchen (stove/oven, dishwasher, microwave, and refrigerator), plus a king bed and twin trundle beds for up to four guests. The upper unit provides 477 SF with a kitchenette (no stove), a queen bed, and twin trundle beds. Both units include mini-split heating and cooling, flat-screen TVs, and WiFi. The renovation was completed in 2019.
The property sits on a 0.05-acre lot with sidewalk access, and it was built in 1896 with frame/timber frame construction and an asphalt roof. Zoning is listed as residential and multi-family, and maintaining active short-term rental permits is described as a requirement to keep the units operating as permitted STRs.
This duplex is set up to function two ways: run both units as short-term rentals, or live in one unit while using the other to offset your housing costs. A full-service property manager is noted as being in place.
The property sits on a 0.05-acre lot with sidewalk access, and it was built in 1896 with frame/timber frame construction and an asphalt roof. Zoning is listed as residential and multi-family, and maintaining active short-term rental permits is described as a requirement to keep the units operating as permitted STRs.
This duplex is set up to function two ways: run both units as short-term rentals, or live in one unit while using the other to offset your housing costs. A full-service property manager is noted as being in place.
Key Highlights
- Two 1‑bedroom, 1‑bath units permitted as short‑term rentals since 2019
- Fully renovated in 2019; mini‑split heating and cooling in both units
- Lower unit: 500 SF with full kitchen plus king bed and twin trundle beds
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,180
Businesses Nearby
Explore this area
Business Placement
Demographics for 49686, MI
25,859
Population
13,261
Households
2
Avg Household Size
45
Median Age
46%
College-Educated
95%
High-School Grad
47.3 sq mi
ZIP Area
547
Density / Sq Mi
$71,198
Median Household Income
$40,373
Median Earnings
$1,209
Median Rent
$295,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Turn-key duplex with active permits and furnished units, both permitted for short-term rental since 2019.
Where is this duplex located?
The property is located at 509 Rose Street Traverse City, MI.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Two 1‑bedroom, 1‑bath units permitted as short‑term rentals since 2019; Fully renovated in 2019; mini‑split heating and cooling in both units; Lower unit: 500 SF with full kitchen plus king bed and twin trundle beds
