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517 S OAK STREET Traverse City, MI 49684

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For Sale
$450,000

multifamily - TRAVERSE CITY, MI

Property size:
2,158 SF
Lot size:
0.10 Acres
Price / SF:
$208/SF
Added:
Apr 16, 2026
Days on Market:
12
Last Refresh:
Apr 27 at 7:06 pm

Property Features for 517 S OAK STREET

General Information

Property type
Residential Multi Family
Property subtype
Other
Interior features
OVEN/RANGE, OVEN/RANGE, REFRIGERATOR, FREEZER, NONE, OVEN/RANGE
Standard status
Active
Size
2,158 SF
Lot size
0.10 Acres

Utilities

Heating system
Natural Gas, Wall Furnace

Building Details

Year built
1900
Roof type
Other
Architectural style
Other

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Listing Contact
Sarah Bailey

Listing agent Sarah Bailey

Listing office Schmidt Realtors 402 East Front Street, MI

Listing date Apr 16, 2026

MLS# 1942885 Listing URL

Copyright © 2026 Coldwell Banker Schmidt REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Overview

Traverse City Fourplex Investment Opportunity

This fourplex is situated within walking distance of the shops, restaurants, and amenities of downtown Traverse City. The property contains four units, each featuring one bedroom and one bathroom. Two units are located on the main level, and two are on the upper level, with all units having private entrances. A shared coin-operated laundry room is available in the basement for tenant use. Each unit is individually metered for gas and electric. Each unit includes one parking space. The landlord currently pays for electricity, natural gas/propane, water and sewer, trash collection, and recycling. The property is a multi-unit property in a walkable location. The property size is 2158 square feet and the lot size is 0.1 acres.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Restaurant Law Firm Dental Office Spa & Massage Center Real Estate Agency Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

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

Location Insight

  • Map
  • Local Demand
City
Traverse City
County
Grand Traverse
State
Michigan
Longitude
-85.6303653
Latitude
44.7586225

FAQs

What type of property is this?
Quadplex - Well-located fourplex near downtown Traverse City shops and restaurants.
Where is this quadplex located?
The property is located at 517 S OAK STREET Traverse City, MI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Highly desirable, walkable location near downtown Traverse City shops, restaurants, and amenities.; Four individual units, each with 1 bedroom and 1 bathroom, providing consistent rental income.; Individually metered gas and electric for each unit offering flexibility.
More about this property
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