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Victorian Triplex With Lake Views
For Sale
$374,900

118 E State Street, Fife Lake, MI 49633

Multi-Family, 2 Story, Victorian, Fife Lake, MI

Property Size3,216 SF
Lot Size0.11 Acres
Price / SF$116.57
Days on Market93

Property Features for 118 E State Street

General Information

Property type Residential Multi Family
Property subtype Triplex
Zoning Other,Rental History
Zoning description Rental History
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 2, Bathroom 3, Bathroom 1
Patio and Porch features Patio, Deck, Porch
Interior features Breakfast Nook, Island Kitchen, Fixer-Upper
Exterior features Deck, Patio, Garden Area, Multi-Level Decking, Porch, RV Parking
Fireplace 1
Appliances Refrigerator, Oven/Range, Dishwasher, Washer, Dryer, Exhaust Fan, Ceiling Fan, Natural Gas Water Heater
Elementary school district Forest Area Community Schools
Middle school district Forest Area Community Schools
High school district Forest Area Community Schools
Directions Head to Fife Lake. Property is on State St right before the railroad track overlooking the Lake
Subdivision Grand Traverse
Standard status Active
Size 3,216 SF
Lot size 0.11 Acres

Taxes and HOA fees

Tax Description LOT 16 BLK 4 VILL OF NO FIFE LAKE EXC BEG AT SW COR SD LOT 16 & RUNNING E ALG S LINE OF LOT 16 11' TH N 16' TH N'LY AT RIGHT ANGLES WITH SOUTHERLY LINE OF STATE RD TO INTERSECT WITH NORTHERLY LINE OF LOT 16 50' E OF NW CNR LOT 16 TH NW'LY ON NORTH LI NE O
Legal Description LOT 16 BLK 4 VILL OF NO FIFE LAKE EXC BEG AT SW COR SD LOT 16 & RUNNING E ALG S LINE OF LOT 16 11' TH N 16' TH N'LY AT RIGHT ANGLES WITH SOUTHERLY LINE OF STATE RD TO INTERSECT WITH NORTHERLY LINE OF LOT 16 50' E OF NW CNR LOT 16 TH NW'LY ON NORTH LI NE O

Utilities

Water source Private
Water front features Lake

Amenities

deck

Building Details

Year built 1890
Floors in Building 2
Number of units 3
Building materials Frame
Roof type Asphalt, Metal
Architectural style Victorian, Other
Listing Agency: Cygnus Real Estate
Listed By: Carole Higgins · License #6502370294
Added: Jun 15 Changed: Sep 13 Last Checked: Sep 15 at 2:06PM
MLS# 1946582

Copyright © 2026 Northern Great Lakes Realtors MLS. 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.

Built in 1890, this 3,216-square-foot Victorian frame property is configured as three rental units. The multi-level layout includes three bathrooms and a fixer-upper interior with a breakfast nook and island kitchen. Exterior features include a deck, patio, porch, garden area, multi-level decking, and RV parking. Appliances include a refrigerator, oven/range, dishwasher, washer, and dryer, while the property also has a fireplace and private water source.

Set on 0.11 acres at 118 E State Street in Fife Lake, the property overlooks Fife Lake and includes lakefront features. Metal and asphalt roofing are in place. The building previously served as a mercantile before later residential use and its current triplex configuration, providing a long-established structure with restoration work remaining.

Key Highlights

  • Three rental units in a 3,216‑square‑foot Victorian frame building
  • Built in 1890 with three bathrooms and a multi‑level layout
  • Overlooks Fife Lake with lakefront features

Property Analytics

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Current Use

Little Shop Of Tresses Hair Salon

Suggested Use

Top Pick Parking Lot & Garage Auto Repair Shop Auto Parts Store Electrical Service Building Supply Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

67
Businesses Nearby

Demographics for 49633, MI

4,026
Population
2,724
Households
1.5
Avg Household Size
45
Median Age
22%
College-Educated
92%
High-School Grad
168.1 sq mi
ZIP Area
24
Density / Sq Mi
$69,567
Median Household Income
$42,171
Median Earnings
$1,110
Median Rent
$174,000
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 - Three rental units occupy a historic, multi-level frame building with deck, porch, and patio areas.
Where is this triplex located?
The property is located at 118 E State Street Fife Lake, MI.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: Three rental units in a 3,216‑square‑foot Victorian frame building; Built in 1890 with three bathrooms and a multi‑level layout; Overlooks Fife Lake with lakefront features
More about this property
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