Renovated Furnished
For Sale
$405,000
509 Rose Street, Traverse City, MI 49686
Single Family, 2 Story, Duplex, Traverse City, MI
Property Size977 SF
Lot Size0.05 Acres
Price / SF$414.53
Days on Market86
Property Features for 509 Rose Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
Residential,Multi-Family,
Zoning description
Residential, Multi-Family, Commercial
Bedrooms
2
Bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2
Interior features
Breakfast Nook, Drywall
Exterior features
Sidewalk
Appliances
Refrigerator, Oven/Range, Dishwasher, Microwave
Lot features
Corner Lot
Elementary school district
Traverse City Area Public Schools
Middle school district
Traverse City Area Public Schools
High school district
Traverse City Area Public Schools
Directions
On Rose St. near Eighth St., right behind Potter's Bakery
Subdivision
Grand Traverse
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
Legal 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 · RE/MAX International
(231) 941-4500
Listed By:
Troy Daily · License #6501442788
(231) 288-7676
Added: Jun 10
Changed: Sep 2
Last Checked: Sep 3 at 6:06AM
MLS# 1946364
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 duplex contains 977 square feet across two furnished one-bedroom, one-bath units. The lower residence measures 500 square feet and includes a full kitchen with an oven/range, dishwasher, microwave, and refrigerator. The 477-square-foot upper unit has a kitchenette without a stove. Both units include sleeping accommodations, flat-screen TVs, WiFi, mini-split heating and cooling, and contemporary interior finishes. The property was renovated in 2019 and includes a sidewalk, asphalt roof, and frame construction.
Both units have active short-term rental permits and have operated in that format since 2019. The property is within walking distance of downtown restaurants, breweries, and the waterfront, with Potter's Bakery, Oakwood Proper, and Common Good Bakery identified nearby. A full-service property manager is in place, and the furnished setup and existing rental operation support continued short-term use subject to maintaining the required permits.
Both units have active short-term rental permits and have operated in that format since 2019. The property is within walking distance of downtown restaurants, breweries, and the waterfront, with Potter's Bakery, Oakwood Proper, and Common Good Bakery identified nearby. A full-service property manager is in place, and the furnished setup and existing rental operation support continued short-term use subject to maintaining the required permits.
Key Highlights
- Two‑unit duplex totaling 977 square feet
- Lower unit: 500 sq ft with 1 bedroom, 1 bath, and full kitchen
- Upper unit: 477 sq ft with 1 bedroom, 1 bath, and kitchenette
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,065
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two permitted short-term rental units offer furnished accommodations near downtown Traverse City and the waterfront.
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 $405,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 977 square feet; Lower unit: 500 sq ft with 1 bedroom, 1 bath, and full kitchen; Upper unit: 477 sq ft with 1 bedroom, 1 bath, and kitchenette
