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Triplex Property with Basement
For Sale
$389,900

7378 Chief Road, Bear Lake, MI 49614

Multi Family, Bear Lake, MI

Property SizeContact for details
Lot Size1.72 Acres
Days on Market75

Property Features for 7378 Chief Road

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description Residential
Bedrooms 8
Full bathrooms 4
Rooms Basement, Bedroom 8, Bedroom 2, Bedroom 7, Bathroom 1, Bathroom 3, Bedroom 4, Bathroom 4, Bathroom 2, Bedroom 6, Bedroom 1, Bedroom 3, Bedroom 5
Parking 6
Parking features Paved or Surfaced, Driveway
Basement Crawl Space
Lot features Level
Elementary school district Onekama
Middle school district Onekama
High school district Onekama
Directions IS 31 To 8 Mile, East to Chief, South to home.
Standard status Active
APN 02-034-400-07
Lot size 1.72 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description PT NE 1/4 OF SE 1/4 LYING N OF M + NE RR R/W, COM 280 FT N OF N RAIL RR ALG E LI OF SD 1/4, W PARA WITH RR R/W 300 FT, S TO N RR R/W, E ALG N RR R/W TO E LI OF SD 1/4, N TO POB. SEC 34 T23N R15W. 1.72 A*M/L. SALE(80) 6391 0306-9, 23-4 1391 0327
Tax Annual Amount 2555
Legal Description PT NE 1/4 OF SE 1/4 LYING N OF M + NE RR R/W, COM 280 FT N OF N RAIL RR ALG E LI OF SD 1/4, W PARA WITH RR R/W 300 FT, S TO N RR R/W, E ALG N RR R/W TO E LI OF SD 1/4, N TO POB. SEC 34 T23N R15W. 1.72 A*M/L. SALE(80) 6391 0306-9, 23-4 1391 0327

Utilities

Utilities Electricity Available
Sewer type Septic Tank
Heating system Hot Water(Heating), Forced Air
Water source Private

Building Details

Year built 1900
Number of units 3
Building materials Block, Wood Siding
Roof type Composition, Rubber
Listing Agency: Coldwell Banker ALM REALTY
Listed By: Brenda Cronan
Added: Jul 1 Changed: Sep 12 Last Checked: Sep 13 at 2:06PM
MLS# 26034564

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.

Investment Insights

Based on property information with market context.

This triplex property sits on a 1.72-acre parcel and includes eight bedrooms, four bathrooms, and a basement. The improvements were built in 1900 with block and wood siding construction, along with a combination of forced-air and hot-water heating systems.

Site infrastructure includes a private water source and septic tank. Parking is provided by a paved driveway, while electricity is available. The property is located at 7378 Chief Road in Bear Lake, Michigan, within Manistee County.

Key Highlights

  • 1.72‑acre parcel
  • Eight bedrooms and four bathrooms
  • Basement included

Property Analytics

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Current Use

Triplexes

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

6
Businesses Nearby

Demographics for 49614, MI

2,985
Population
1,967
Households
1.5
Avg Household Size
51
Median Age
29%
College-Educated
96%
High-School Grad
91.4 sq mi
ZIP Area
33
Density / Sq Mi
$71,389
Median Household Income
$36,739
Median Earnings
$963
Median Rent
$203,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Eight-bedroom layout with private water, septic service, and paved driveway parking.
Where is this triplex located?
The property is located at 7378 Chief Road Bear Lake, MI.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: 1.72‑acre parcel; Eight bedrooms and four bathrooms; Basement included
More about this property
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