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Ranch Triplex on AuSable River
For Sale
$299,900

101 Milltown Court, Grayling, MI 49738

MultiFamily, Ranch, Grayling, MI

Property Size1,920 SF
Price / SF$156.20
Days on Market121

Property Features for 101 Milltown Court

General Information

Property type Residential Multi Family
Property subtype Triplex
Bedrooms 5
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 4, Bathroom 1, Basement, Bathroom 3, Bedroom 3, Laundry Room, Bathroom 2
Basement Partial
Appliances Refrigerator
Subdivision T26N R3W
Elementary school Grayling
High school Grayling
Elementary school district Crawford Ausable
Middle school district Crawford Ausable
High school district Crawford Ausable
Directions Maple Street/State Street on the south side of the river, first place on the corner of Milltown Court
Standard status Active
APN 070-008-010-019-00
Size 1,920 SF

Taxes and HOA fees

Tax Description PARCEL A: PART OF THE NW 1/4 OF THE SW 1/4 SEC 8, T26N R3W, COM AT THE SW COR OF THE NW 1/4 OF THE SW 1/4 SD SEC 8...Long Legal
Legal Description PARCEL A: PART OF THE NW 1/4 OF THE SW 1/4 SEC 8, T26N R3W, COM AT THE SW COR OF THE NW 1/4 OF THE SW 1/4 SD SEC 8...Long Legal

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Forced Air
Water front 1

Building Details

Number of units 3
Building materials Vinyl
Architectural style Ranch
Listing Agency: River Country Realty
Listed By: Betty Partello
Added: Jun 25 Changed: Oct 8 Last Checked: Oct 23 at 10:06AM
MLS# 201841141

Copyright © 2026 Water Wonderland Board of Realtors®. 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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Investment Insights

Based on property information with market context.

This ranch-style triplex contains 1,920 square feet across three residential units. The configuration includes two 2-bedroom units and one 1-bedroom unit, with all three currently occupied under month-to-month agreements. Vinyl construction, natural gas forced-air heating, public sewer service, and refrigerators are included among the property features.

The property is located at 101 Milltown Court in Grayling, Michigan, along the AuSable River. Its room inventory includes five bedrooms, three bathrooms, and a laundry room, supporting the documented three-unit residential layout.

Key Highlights

  • 1,920‑square‑foot ranch‑style triplex
  • Three units currently occupied on month‑to‑month agreements
  • Unit mix includes two 2‑bedroom units and one 1‑bedroom unit

Property Analytics

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Lease Details

3
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

460
Businesses Nearby

Demographics for 49738, MI

9,498
Population
7,299
Households
1.3
Avg Household Size
50
Median Age
21%
College-Educated
92%
High-School Grad
332.6 sq mi
ZIP Area
29
Density / Sq Mi
$57,573
Median Household Income
$33,218
Median Earnings
$855
Median Rent
$153,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Three occupied rental units offer a two-bedroom, two-bedroom, and one-bedroom mix on month-to-month agreements.
Where is this triplex located?
The property is located at 101 Milltown Court Grayling, MI.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 1,920‑square‑foot ranch‑style triplex; Three units currently occupied on month‑to‑month agreements; Unit mix includes two 2‑bedroom units and one 1‑bedroom unit
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