524 State Street Petoskey, MI 49770
- Added:
- Jan 28, 2026
- Days on Market:
- 63
- Last Refresh:
- Apr 1 at 12:06 pm
Property Features for 524 State Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Rooms
- Bedroom 4, Bathroom 2, Bedroom 6, Bathroom 5, Bedroom 1, Bathroom 1, Bathroom 4, Basement, Bathroom 6, Bedroom 5, Bathroom 3, Bedroom 3, Bedroom 2
- Standard status
- Active
- APN
- 52-19-05-100-090
- Lot size
- 0.16 Acres
Taxes and HOA fees
- TaxYear
- 2024
- TaxDescription
- VILLAGE OF PETOSKEY CITY LOT 6 BLK 6. SECTION 5, T34N, R5W.
- TaxAnnualAmount
- 15500
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
Listing agent Christopher Skrobeck (906) 360-4908
Listing office Van Treese Management LLC 525 W Mitchell, Petoskey, MI (231) 373-7921
Listing date Jan 28, 2026
MLS# 26003300
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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
Location Insight
- Map
- Local Demand
- City
- Petoskey
- County
- Emmet
- State
- Michigan
- Longitude
- -84.9517928
- Latitude
- 45.3715453
Nearby Similar for Sale
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 Street 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.
