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    513 Liberty St Petoskey, MI 49770

    For Sale
    $350,000

    Multifamily - Petoskey, MI

    Property size:
    1,816 SF
    Days on Market:
    36
    Last Refresh:
    Dec 5 at 6:06 am

    Property Features for 513 Liberty St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RM-2
    Rooms
    Basement, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    APN
    52-19-06-202-064
    Interior features
    Refrigerator
    Basement Y/N
    1
    Appliances
    Refrigerator
    Size
    1,816 SF

    Building Details

    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    RE/MAX Resort Properties (231) 582-2400 [email protected]

    Listing agent Atty Belanger (231) 881-9400

    Listing date Oct 31, 2025

    MLS# 478181 Listing URL

    Copyright © 2025 Northern Michigan MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Petoskey Duplex: Income Potential

    This centrally located Petoskey duplex offers charm, a convenient location, and income potential. Positioned between downtown, the waterfront, and McLaren Hospital, the property is suitable for investors or those looking to occupy one unit and rent the other. The main-level unit features three bedrooms and an open kitchen and dining area. The upstairs contains a one-bedroom apartment that provides rental income with a tenant already in place. The property includes a one-car garage and private parking in the back. Residents can easily walk to Petoskey’s Gaslight District, waterfront parks, and the Bear River Valley Recreation Area. Located at 513 Liberty Street, Petoskey, MI 49770, the property is zoned RM-2 and has a size of 1816 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Petoskey
    County
    Emmet
    State
    Michigan
    Longitude
    -84.9634313
    Latitude
    45.3720659

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    FAQs

    What type of property is this?
    Duplex - Centrally located Petoskey duplex with income potential near downtown.
    Where is this duplex located?
    The property is located at 513 Liberty St Petoskey, MI.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Prime location: Centrally located between downtown Petoskey, the waterfront, and McLaren Hospital.; - Income potential: Features a one-bedroom apartment with a steady tenant.; - Flexible living options: Ideal for investors or owner-occupants.
    (231) 881-9400
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    513 Liberty St Petoskey, MI 49770
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