Turnkey Renovated Duplex Short-Term
509 Rose Street Traverse City, MI 49686
509 Rose Street, Traverse City, MI, 49686
$440,000
For Sale
$440,000
SINGLE_FAMILY - Traverse City, MI
Property Size977 SF
Lot Size0.05 Acres
Price / SF$450.36
Days on Market39
Property Features for 509 Rose Street
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Zoning
- Residential,Multi-Family,
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2
- Interior features
- Breakfast Nook, Drywall
- Exterior features
- Sidewalk
- Appliances
- Refrigerator, Oven/Range, Dishwasher, Microwave
- Standard status
- Active
- Size
- 977 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Description
- S 40 FT OF LOT 18 OAK HTS ADD
Building Details
- Year built
- 1896
- Floors in Building
- 2
- Building materials
- Frame, Timber Frame
- Roof type
- Asphalt
- Architectural style
- Other
Listing Agency
REMAX Bayshore - Union St TC
(231) 941-4500
500 S Union Street, Traverse City, MI
Listed by
Troy Daily · License #6501442788
(231) 288-7676
Added: Jun 10 Checked: Jul 18 at 3:06 pm
MLS# 1946364
Listing URL
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.
This fully renovated duplex offers two furnished, separately configured 1 bedroom/1 bathroom units, completed in 2019. The lower unit includes a fully equipped kitchen with stove/oven, dishwasher, microwave, and refrigerator, along with sleeping arrangements for up to four guests. The upper unit features a kitchenette (no stove) and additional sleeping for up to four guests. Both units are equipped with mini-split heating and cooling, flat-screen TVs, and WiFi.
The property is described as operating as a short-term rental since 2019, with both units actively permitted. Commercial zoning requires STR permits to remain active to preserve operations, and the infrastructure is in place for a turnkey setup, according to the remarks. A full-service property manager is noted as in place.
Each unit is cited as generating approximately $60,000 combined annually, with the lower unit listed at about 500 square feet and the upper unit at about 477 square feet. The address is 509 Rose Street in Traverse City, Michigan.
The property is described as operating as a short-term rental since 2019, with both units actively permitted. Commercial zoning requires STR permits to remain active to preserve operations, and the infrastructure is in place for a turnkey setup, according to the remarks. A full-service property manager is noted as in place.
Each unit is cited as generating approximately $60,000 combined annually, with the lower unit listed at about 500 square feet and the upper unit at about 477 square feet. The address is 509 Rose Street in Traverse City, Michigan.
Key Highlights
- Fully renovated duplex completed in 2019, operating as a short‑term rental since 2019
- Both units are actively permitted and generating approx. $60,000 combined annually
- Lower unit offers 500 SF: 1 bed/1 bath with fully equipped kitchen, king bed, and twin trundle beds
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Fully renovated duplex with two furnished 1 bed/1 bath units actively operating as permitted short-term rentals.
Where is this duplex located?
The property is located at 509 Rose Street Traverse City, MI.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Fully renovated duplex completed in 2019, operating as a short‑term rental since 2019; Both units are actively permitted and generating approx. $60,000 combined annually; Lower unit offers 500 SF: 1 bed/1 bath with fully equipped kitchen, king bed, and twin trundle beds
