Income-Generating Duplex with
For Sale
$550,000
316 Huron St, Traverse City, MI 49686
Well-maintained two-unit main structure plus a separate one-bedroom cottage provides three rental units.
Property Size1,240 SF
Price / SF$443.55
Days on Market97
Property Features for 316 Huron St
General Information
Standard status
Active
Size
1,240 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
3
Building Details
Year Built
1937
Tenancy
Multi
Listing Agency:
REMAX Bayshore - Union St TC
Listed By:
Jennifer Gaston · License #6501397898
(231) 313-0591
Source:
Vmrealestatemichigan
Added: Jun 9
Changed: Sep 9
Last Checked: Sep 12 at 10:28AM
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 REMAX Bayshore - Union St TC
Investment Insights
Based on property information with market context.
This property is a well-maintained duplex configuration that includes three income-producing units. Unit A is on the main level and offers 3 bedrooms and 1 bathroom, along with an attached two-car garage. Unit B is on the upper level and includes 2 bedrooms and 1 bathroom, with in-unit laundry and a private deck. A separate, non-conforming cottage (Unit C) provides an additional 1-bedroom, 1-bath unit.
The property is located at the base of Old Mission Peninsula in an in-town Traverse City neighborhood. It is described as being two blocks from East Bay Beach, with convenient access to Northern Michigan College, Eastern Elementary, Central High School, downtown Traverse City, shopping, restaurants, beaches, and the TART Trail.
The duplex layout also has the option to be converted back to a single-family home, offering flexibility for buyers seeking either continued rental income or an owner-occupant setup.
The property is located at the base of Old Mission Peninsula in an in-town Traverse City neighborhood. It is described as being two blocks from East Bay Beach, with convenient access to Northern Michigan College, Eastern Elementary, Central High School, downtown Traverse City, shopping, restaurants, beaches, and the TART Trail.
The duplex layout also has the option to be converted back to a single-family home, offering flexibility for buyers seeking either continued rental income or an owner-occupant setup.
Key Highlights
- Year built 1937 duplex with three income‑producing units: two‑unit main structure plus a separate non‑conforming 1BD/1BA cottage
- Current gross rental income of $4,790 per month with a proven rental history
- Unit A (main level): 3BD/1BA with an attached two‑car garage
Property Analytics
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
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Business Placement
Demographics for 49686, MI
25,859
Population
13,261
Households
2
Avg Household Size
45
Median Age
46%
College-Educated
95%
High-School Grad
47.3 sq mi
ZIP Area
547
Density / Sq Mi
$71,198
Median Household Income
$40,373
Median Earnings
$1,209
Median Rent
$295,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained two-unit main structure plus a separate one-bedroom cottage provides three rental units.
Where is this triplex located?
The property is located at 316 Huron St Traverse City, MI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Year built 1937 duplex with three income‑producing units: two‑unit main structure plus a separate non‑conforming 1BD/1BA cottage; Current gross rental income of $4,790 per month with a proven rental history; Unit A (main level): 3BD/1BA with an attached two‑car garage
