316 Huron Street, Traverse City, MI 49686
MULTI_FAMILY - Traverse City, MI
- Added:
- Jul 7, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 8 at 1:06 am
Property Features for 316 Huron Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential,Multi-Family,
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 5, Bathroom 1, Bedroom 6, Bedroom 2, Bedroom 3, Bedroom 4
- Interior features
- Foyer Entrance, Mud Room, Drywall
- Appliances
- Refrigerator, Oven/Range, Dishwasher, Washer, Dryer, Natural Gas Water Heater, Smoke Alarms
- Standard status
- Active
- Size
- 2,636 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Description
- THT PRT OF SW 1/4 OF SE 1/4 SEC 1 T27N R11W DES AS COM 33 FT W OF NE COR TH S 268 FT TH W 132 FT TH N 268 FT TH E 132 FT TO POB EXC N 155 FT THEREOF
Building Details
- Year built
- 1937
- Floors in Building
- 2
- Number of units
- 3
- Building materials
- Block
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Jennifer Gaston License #6501397898 (231) 941-5600
Listing office REMAX Bayshore - Union St TC 500 S Union Street, Traverse City, MI (231) 941-4500
Listing date Jul 7, 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
- 3‑unit duplex setup with gross rental income of $4,790/month
- Unit A (main level): 3 bedrooms, 1 bath, and an attached two‑car garage
- Unit B (upper level): 2 bedrooms, 1 bath with in‑unit laundry and a private deck
- Separate non‑conforming cottage (Unit C): 1 bedroom and 1 bath
- Built in 1937 with block construction and an asphalt roof
- Located at the base of Old Mission Peninsula, about two blocks from East Bay Beach
Overview
The property is described as being at the base of Old Mission Peninsula and is located in-town near East Bay Beach, approximately two blocks away. It also offers convenient access to Northern Michigan College and several local schools, along with downtown Traverse City, shopping, restaurants, beaches, and the TART Trail.
For investors, the three-unit configuration supports portfolio flexibility through multiple tenants. For owner-occupants, the setup provides an opportunity to live in the duplex while generating rental income from the remaining units. The listing also notes the duplex can be converted back to a single-family home, adding another potential use path for the right buyer.
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 | $42.7k | $16.20 |
| − Vacancy | −$1.9k | −$0.73 |
| EGI | $40.8k | $15.47 |
| − OpEx | −$12.2k | −$4.64 |
| NOI | $28.5k | $10.83 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Traverse City
- County
- Grand Traverse
- State
- Michigan
- Longitude
- -85.580284
- Latitude
- 44.761659
