284 Astro Drive Traverse City, MI 49685
MULTI_FAMILY - Traverse City, MI
- Added:
- May 22, 2026
- Days on Market:
- 52
- Last Refresh:
- Jul 12 at 4:06 am
Property Features for 284 Astro Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential,Multi-Family
- Bedrooms
- 8
- Bathrooms
- 2
- Rooms
- Bedroom 5, Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 7, Bedroom 1, Bedroom 4, Bedroom 8, Bathroom 2, Bedroom 6
- Interior features
- Laundry Hook-up, Great Room
- Exterior features
- Sprinkler System
- Appliances
- Refrigerator, Oven/Range, Disposal, Dishwasher, Microwave, Washer, Dryer, Exhaust Fan, Blinds
- Standard status
- Active Under Contract
- Size
- 2,304 SF
- Lot size
- 0.90 Acres
Taxes and HOA fees
- Tax Description
- Lot 3 Belvedere
- Tax Annual Amount
- 4455
Building Details
- Year built
- 1973
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Frame
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Ken Kleinrichert License #6506042006 (231) 620-2989
Listing office @properties Christie's Int'l 129 S Union Street, TRAVERSE CITY, MI (231) 642-2363
Listing date May 22, 2026
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.
Located in Traverse City within Grand Traverse County, the property sits on nearly an acre (0.9 acres). The listing notes that the area’s rules allow short-term rentals under Blair Township, which may support weekly, nightly, or monthly leasing options depending on how requirements are followed. Zoning is listed as Residential and Multi-Family.
For buyers seeking a straightforward live-and-rent setup, the configuration allows one unit to serve as your residence while the second generates rental income. For investors or operators, the furnished condition and recent updates can simplify turnover and reduce upfront preparation time. With both units described as move-in ready, the property may be well-suited for flexible occupancy planning, including short-term or longer-term rental strategies, subject to applicable regulations.
Key Highlights
- Duplex in Traverse City area with two 2‑bedroom units, each with an attached garage
- Almost 1 acre property with sprinkler system
- Recently updated interiors including paint, flooring, bathrooms, and appliances
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.3k | $16.20 |
| − Vacancy | −$1.7k | −$0.73 |
| EGI | $35.6k | $15.47 |
| − OpEx | −$10.7k | −$4.64 |
| NOI | $25.0k | $10.83 |
