Back to Search

Traverse City Fourplex Near Downtown

517 S Oak St, Traverse City, MI 49684

View on Map

For Sale

$450,000

Four-unit property near downtown Traverse City with individual metering.

Type:Investment

HighLights

Prime location: Short walk to downtown Traverse City shops, restaurants, and amenities.
Four individual units: Each with 1 bedroom, 1 bathroom, and private entrance.
Individually metered units: Gas and electric meters for each unit allow for flexible utility management.
High walkability and bike score: Walk Score of 78 and Bike Score of 92.
Coin‑operated laundry: Shared laundry room in the basement provides tenant convenience.
Parking included: Each unit includes one dedicated parking space.

We can help!

Listing Contact

Sarah Bailey

Learn more

For Sale

$450,000

Four-unit property near downtown Traverse City with individual metering.

Type:Investment

Added:: Apr 24, 2026
Days on Market:: 50
Last Refresh:: Apr 24 at 7:55 pm

Property Features for 517 S Oak St

General Information

Standard status: Active
Property subtype: Investment

Building Details

Year Built: 1900

We can help!

Listing Contact

Sarah Bailey

Listing agent Sarah Bailey

Listing office Coldwell Banker Schmidt Family Of Companies

Listing date Apr 24, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Schmidt Family Of Companies

HighLights

Prime location: Short walk to downtown Traverse City shops, restaurants, and amenities.
Four individual units: Each with 1 bedroom, 1 bathroom, and private entrance.
Individually metered units: Gas and electric meters for each unit allow for flexible utility management.
High walkability and bike score: Walk Score of 78 and Bike Score of 92.
Coin‑operated laundry: Shared laundry room in the basement provides tenant convenience.
Parking included: Each unit includes one dedicated parking space.

Overview

This fourplex is situated within walking distance of the shops, restaurants, and amenities of downtown Traverse City. The property contains four units, each featuring one bedroom and one bathroom. Two units are located on the main level, and two are on the upper level, with all units having private entrances. A shared coin-operated laundry room is available in the basement for tenant use. Each unit is individually metered for gas and electric, offering the option for a future owner to modify utility responsibilities. Each unit is allocated one parking space. Rents currently include utilities, with the landlord covering electricity, natural gas/propane, water and sewer, trash collection, and recycling. The location has a bike score of 92, indicating it is a biker's paradise, and a walk score of 78, signifying it is very walkable.

Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Location Insight

Map
Local Demand

City: Traverse City
County: Grand Traverse
State: Michigan
Longitude: -85.6304101
Latitude: 44.7586408

Nearby Similar for Sale

$869,900

5,632 SF

Commercial Property with Office and Warehouse

Two buildings: office and warehouse with secure fenced yard.

820 Duell Road, Traverse City, MI 49686

View Details
$1,399,000

3,640 SF

Event Center with On-Site Residence

Renovated gathering hall with seating for 120 and an on-site residence on about five acres.

1776 High Lake Road, Traverse City, MI 49696

View Details
$675,000

3,294 SF

Traverse City Office Condominium

Single-story office condominium in a wooded Traverse City office park.

920 S Garfield Avenue, Traverse City, MI 49686

View Details
$4,950,000

54,000 SF

Industrial Warehouse and Office Property

Flex industrial-zoned site with multiple warehouse and office buildings plus dual access for owner-users and service operations.

1500 Barlow Street, Traverse City, MI 49684

View Details
$532,000

2,800 SF

To-Be-Built Aircraft Storage Hangars

New insulated and heated hangar units at Cherry Capital Airport, offered as co-op shares with exclusive use rights.

1218 Boon Street, Traverse City, MI 49686

View Details
$532,000

2,800 SF

To-Be-Built Aviation Storage Hangar

Heated, insulated hangar units with epoxy floors and LED lighting, available now as a co-op interest.

1218 Boon Street, Traverse City, MI 49686

View Details
$523,000

2,800 SF

Heated Hangar Storage Condo Units

To-be-built, insulated hangar units with heated interior and epoxy floors for general aviation storage.

1218 Boon Street, Traverse City, MI 49686

View Details
$380,000

3,352 SF

Mixed-Use Building in Traverse City

3,352 SF mixed-use building on 0.526 acres for sale.

571 Blue Star, Traverse City, MI 49685

View Details
$854,000

2,849 SF

Downtown Traverse City Retail/Office Condo

New 2,849 SF commercial condo in Traverse City, MI.

232 E State Street, Traverse City, MI 49684

View Details
$799,000

3,995 SF

Adult Foster Care Assisted Living Facility

Former adult foster care property offers barrier-free living spaces and fire-suppression/sprinklered safety features in a country setting.

3205 Supply Road, Traverse City, MI 49686

View Details
$799,000

3,995 SF

Adult Foster Care Facility Home

Barrier-free adult foster care property with spacious indoor living areas and walkout basement for flexible residential use.

3255 Mahoney Drive, Traverse City, MI 49686

View Details
$150,000

727 SF

Traverse City Office Condominium

Single-story office condo with basement storage and ample parking.

920 S Garfield Avenue, Traverse City, MI 49686

View Details

For sale
Quadplexes
MI
Traverse City
49684
517 S Oak St

What type of property is this?

Quadplex - Four-unit property near downtown Traverse City with individual metering.

Where is this quadplex located?

The property is located at 517 S Oak St Traverse City, MI.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: Prime location: Short walk to downtown Traverse City shops, restaurants, and amenities.; Four individual units: Each with 1 bedroom, 1 bathroom, and private entrance.; Individually metered units: Gas and electric meters for each unit allow for flexible utility management.