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524 State St Petoskey, MI 49770

Sponsored
For Sale
$850,000

MULTI_FAMILY - Petoskey, MI

Lot size:
0.16 Acres
Days on Market:
1
Last Refresh:
Jan 28 at 5:06 pm

Property Features for 524 State St

General Information

Property type
Residential Multi Family
Property subtype
Other
Standard status
Active
Rooms
Bedroom 3, Basement, Bathroom 5, Bedroom 4, Bedroom 5, Bedroom 6, Bathroom 1, Bathroom 6, Bedroom 1, Bathroom 3, Bathroom 2, Bathroom 4, Bedroom 2
Bedrooms
6
APN
52-19-05-100-090
Lot size
0.16 Acres

Utilities

Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Forced Air

Building Details

Year built
1900
Number of units
6
Building materials
Wood Siding
Roof type
Composition

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Listing Contact
Christopher Skrobeck

Van Treese Management LLC (231) 373-7921

Listing agent Christopher Skrobeck (906) 360-4908

Listing date Jan 28, 2026

MLS# 26003300

Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

Petoskey Multifamily Investment Opportunity

This classic, well-maintained 6-unit multifamily property is located in a walkable Petoskey neighborhood, offering convenient access to downtown, schools, and employment opportunities. The property features a mix of renovated units with durable finishes. Recent upgrades include exterior paint, a rebuilt porch, foundation work, and a breezeway update. The property benefits from city utilities, clean common areas, a covered front porch, and landscaped grounds. The in-place rent is approximately $8,150 per month with stable tenancy. The property has a strong rental history and offers the opportunity to continue an interior refresh program to capture market rent on renewals and turns. The lot size is 0.16 acres.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Daycare Center Clothing Store

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

Location Insight

  • Map
  • Local Demand
City
Petoskey
County
Emmet
State
Michigan
Longitude
-84.951792
Latitude
45.371545

FAQs

What type of property is this?
Apartment building - Well-maintained 6-unit multifamily property near downtown Petoskey.
Where is this apartment building located?
The property is located at 524 State St Petoskey, MI.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: - Stable, in-place rent of ~$8,150/month.; - Well-maintained 6-unit multifamily property.; - Recent upgrades include exterior paint, porch rebuild, foundation work, and breezeway update.
More about this property
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