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Updated Four-Unit Multifamily Property

1627 Rasho Rd, Traverse City, MI 49696

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For Sale

$849,000

Four-unit property near Timber Ridge with recent updates.

Type:Investment

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.
Located on the east side of Traverse City near Timber Ridge.
Unit mix: Three 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit.
Features a large lawn bordering woods and an adjacent deck area.

We can help!

Listing Contact

Troy Daily

Learn more

For Sale

$849,000

Four-unit property near Timber Ridge with recent updates.

Type:Investment

Added:: Apr 27, 2026
Days on Market:: 52
Last Refresh:: Apr 27 at 12:55 pm

Property Features for 1627 Rasho Rd

General Information

Standard status: Active
Property subtype: Investment

Building Details

Year Built: 1980

We can help!

Listing Contact

Troy Daily

Listing agent Troy Daily License #6501442788

Listing office Re/max Bayshore Properties

Listing date Apr 27, 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 Re/max Bayshore Properties

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.
Located on the east side of Traverse City near Timber Ridge.
Unit mix: Three 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit.
Features a large lawn bordering woods and an adjacent deck area.

Overview

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.

Location Intelligence

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Quadplexes

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Location Insight

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Local Demand

City: Traverse City
County: Grand Traverse
State: Michigan
Longitude: -85.5066516
Latitude: 44.7097038

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For sale
Quadplexes
MI
Traverse City
49696
1627 Rasho Rd

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.