284 Astro Drive, Traverse City, MI 49685
Duplex (2 Story), Bi-Level - Traverse City, MI
- Added:
- May 22, 2026
- Days on Market:
- 25
- Last Refresh:
- Jun 15 at 8:06 am
Property Features for 284 Astro Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential,Multi-Family
- Rooms
- Basement, Dining Room, Kitchen, Living Room
- Parking
- 1
- Parking features
- Garage
- Interior features
- Laundry Hook-up, Great Room
- Basement Y/N
- 1
- Appliances
- Dishwasher, Dryer, Garbage Disposer, Microwave, Range, Refrigerator, Washer
- Standard status
- Active
- Size
- 2,304 SF
- Lot size
- 0.90 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4455
Utilities
- Heating system
- Baseboard, Hot Water (Heating)
Building Details
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Ken Kleinrichert (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.
HighLights
- (2) spacious 2‑bedroom duplex apartments, each 1,152 SF
- Attached garages for both units and nearly 1 acre of property
- Recently updated including paint, flooring, bathrooms, and appliances
- Both units are fully furnished and ready for immediate occupancy
- Kitchen appliances included: dishwasher, microwave, range, refrigerator, washer/dryer, and garbage disposer
- Basement included plus hot water (heating) and baseboard heat; asphalt roof and garage parking
Overview
The duplex sits on an almost-acre lot, supporting a self-contained setup for tenants or owner-occupants. The offering is positioned for immediate occupancy and is described as available for a quick close, with interior and exterior drone tour available through the virtual tour link.
For buyers seeking flexible residential income, the layout supports an owner/occupant option where one unit can be lived in while the other unit generates rental income. The seller’s remarks also describe the property as suitable for short-term, weekly, nightly, or monthly rental use, subject to applicable local requirements. With both units furnished and updated throughout, the property is designed to minimize the lead time between closing and occupancy.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Traverse City
- County
- Grand Traverse
- State
- Michigan
- Longitude
- -85.6544507
- Latitude
- 44.682461
