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Multifamily Farmhouse with Apartment
New
For Sale
$400,000

3018 N Us-31, Kewadin, MI 49648

A separate upstairs residence has its own entrance, full kitchen, bathroom, sitting room, and bedroom.

Property SizeContact for details
Days on Market2

Property Features for 3018 N Us-31

General Information

Standard status Active
Property subtype Multi-Family

Amenities

garage
private deck
backyard

Building Details

Year Built 1890
Construction farmhouse
Listing Agency: Coldwell Banker Morehart Realty
Listed By: Beyond MI Realty
Source: Beyondmirealty
Added: Oct 20 Changed: Oct 21 Last Checked: Oct 20 at 7:04PM

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 Morehart Realty

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Investment Insights

Based on property information with market context.

Built in 1890, this remodeled farmhouse includes a two-bedroom main level and a separate one-bedroom apartment upstairs. The main floor has two bedroom suites, an eat-in kitchen, living room, foyer, and laundry/mud room. The primary suite includes a walk-in closet and en suite bath; the second bedroom has a gas fireplace, pass-through bath, and access to the deck and backyard. Hardwood floors, cedar walls, an original stone fireplace, and beveled-glass interior doors contribute to the home’s character.

The upper apartment has a full kitchen, bathroom, sitting room, and private entrance. Decking opens onto a backyard with flower beds and mature maple trees. A detached, barn-style garage measures 24 x 25 feet and has an upper loft designed to accommodate finished living space. The property is in the Torch Lake Village district, near public beaches and access to Torch Lake and Grand Traverse Bay. Short-term rental use may be possible with a special use permit.

Key Highlights

  • Two‑bedroom main floor plus a separate one‑bedroom apartment with private entrance
  • Detached 24 x 25 barn‑style garage with upper loft designed for finished living space
  • Built in 1890 and remodeled, with hardwood floors, cedar walls, and an original stone fireplace

Location Intelligence

Trade Area within ½ mile

15
Businesses Nearby

Demographics for 49648, MI

2,362
Population
1,985
Households
1.2
Avg Household Size
57
Median Age
54%
College-Educated
96%
High-School Grad
27.3 sq mi
ZIP Area
87
Density / Sq Mi
$90,952
Median Household Income
$38,622
Median Earnings
$1,257
Median Rent
$506,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - A separate upstairs residence has its own entrance, full kitchen, bathroom, sitting room, and bedroom.
Where is this multifamily property located?
The property is located at 3018 N Us-31 Kewadin, MI.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Two‑bedroom main floor plus a separate one‑bedroom apartment with private entrance; Detached 24 x 25 barn‑style garage with upper loft designed for finished living space; Built in 1890 and remodeled, with hardwood floors, cedar walls, and an original stone fireplace
More about this property
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