Updated Four-Unit Multifamily
For Sale
$849,000
1627 Rasho Rd, Traverse City, MI 49696
Four-unit property near Timber Ridge with recent updates.
Property SizeContact for details
Days on Market107
Property Features for 1627 Rasho Rd
General Information
Standard status
Active
Property subtype
Investment
Building Details
Year Built
1980
Units
4
Listing Agency:
The Mitten Real Estate Group
(231) 288-7676
Listed By:
Troy Daily · License #6501442788
(231) 288-7676
Source:
Elliman
Added: Apr 27
Changed: Aug 8
Last Checked: Aug 10 at 7:20AM
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 The Mitten Real Estate Group
Investment Insights
Based on property information with market context.
Located on the east side of Traverse City near Timber Ridge, this updated 4-unit property at 1627 Rasho Rd features three 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. The property includes shared front and rear entry points, as well as a common laundry area. Significant improvements made in 2023 and 2024 encompass new flooring, countertops, appliances, lighting, and paint. HVAC units have been updated, along with the installation of three new water heaters. The exterior has been repainted, and a new roof was installed in February 2024. Additional features include a detached 5-stall garage, an adjacent deck area, and a large lawn that borders woods. The gross monthly income is $6,814, which includes rent, pet rent, and trash fees. The bike score is 18, indicating it is somewhat bikeable, and the walk score is 9, indicating it is car-dependent.
Key Highlights
- Updated 4‑unit property with significant 2023/2024 renovations including flooring, countertops, appliances, lighting, paint, HVAC units, water heaters, exterior paint, and roof.
- Strong income potential: Gross monthly income of $6,814.
- Includes a detached 5‑stall garage.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
Explore this area
Business Placement
Demographics for 49696, MI
9,528
Population
5,005
Households
1.9
Avg Household Size
43
Median Age
41%
College-Educated
96%
High-School Grad
68.7 sq mi
ZIP Area
139
Density / Sq Mi
$96,138
Median Household Income
$46,893
Median Earnings
$1,309
Median Rent
$289,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property near Timber Ridge with recent updates.
Where is this quadplex located?
The property is located at 1627 Rasho Rd Traverse City, MI.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Updated 4‑unit property with significant 2023/2024 renovations including flooring, countertops, appliances, lighting, paint, HVAC units, water heaters, exterior paint, and roof.; Strong income potential: Gross monthly income of $6,814.; Includes a detached 5‑stall garage.
