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Traverse City Fourplex Near Downtown

517 S Oak St, Traverse City, MI 49684

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For Sale

$450,000

Four-unit property near downtown Traverse City with individual metering.

Type:Investment

HighLights

Prime location: Short walk to downtown Traverse City shops, restaurants, and amenities.
Four individual units: Each with 1 bedroom, 1 bathroom, and private entrance.
Individually metered units: Gas and electric meters for each unit allow for flexible utility management.
High walkability and bike score: Walk Score of 78 and Bike Score of 92.
Coin‑operated laundry: Shared laundry room in the basement provides tenant convenience.
Parking included: Each unit includes one dedicated parking space.

We can help!

Listing Contact

Sarah Bailey

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For Sale

$450,000

Four-unit property near downtown Traverse City with individual metering.

Type:Investment

Added:: Apr 24, 2026
Days on Market:: 50
Last Refresh:: Apr 24 at 7:55 pm

Property Features for 517 S Oak St

General Information

Standard status: Active
Property subtype: Investment

Building Details

Year Built: 1900

We can help!

Listing Contact

Sarah Bailey

Listing agent Sarah Bailey

Listing office Coldwell Banker Schmidt Family Of Companies

Listing date Apr 24, 2026

Source Elliman

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 Schmidt Family Of Companies

HighLights

Prime location: Short walk to downtown Traverse City shops, restaurants, and amenities.
Four individual units: Each with 1 bedroom, 1 bathroom, and private entrance.
Individually metered units: Gas and electric meters for each unit allow for flexible utility management.
High walkability and bike score: Walk Score of 78 and Bike Score of 92.
Coin‑operated laundry: Shared laundry room in the basement provides tenant convenience.
Parking included: Each unit includes one dedicated parking space.

Overview

This fourplex is situated within walking distance of the shops, restaurants, and amenities of downtown Traverse City. The property contains four units, each featuring one bedroom and one bathroom. Two units are located on the main level, and two are on the upper level, with all units having private entrances. A shared coin-operated laundry room is available in the basement for tenant use. Each unit is individually metered for gas and electric, offering the option for a future owner to modify utility responsibilities. Each unit is allocated one parking space. Rents currently include utilities, with the landlord covering electricity, natural gas/propane, water and sewer, trash collection, and recycling. The location has a bike score of 92, indicating it is a biker's paradise, and a walk score of 78, signifying it is very walkable.

Location Intelligence

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Quadplexes

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Local Demand

City: Traverse City
County: Grand Traverse
State: Michigan
Longitude: -85.6304101
Latitude: 44.7586408

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For sale
Quadplexes
MI
Traverse City
49684
517 S Oak St

What type of property is this?

Quadplex - Four-unit property near downtown Traverse City with individual metering.

Where is this quadplex located?

The property is located at 517 S Oak St Traverse City, MI.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: Prime location: Short walk to downtown Traverse City shops, restaurants, and amenities.; Four individual units: Each with 1 bedroom, 1 bathroom, and private entrance.; Individually metered units: Gas and electric meters for each unit allow for flexible utility management.