Two-Unit
New
For Sale
$395,000
630 W Eighth Street, Traverse City, MI 49684
Multi-Family, 2 Story, Traverse City, MI
Property Size1,851 SF
Lot Size0.23 Acres
Price / SF$213.40
Days on Market3
Property Features for 630 W Eighth Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Renaissance
Zoning description
Renaissance
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Patio and Porch features
Porch
Interior features
Walk-In Closets, Breakfast Nook, Pantry, Foyer Entrance, Mud Room
Exterior features
Sidewalk, Landscaped, Garden Area, Covered Porch
Appliances
Refrigerator, Oven/Range, Dishwasher, Microwave, Washer, Dryer
Elementary school district
Traverse Bay Area Intermediate School District
Middle school district
Traverse Bay Area Intermediate School District
High school district
Traverse Bay Area Intermediate School District
Directions
Corner of 8th Street and Division
Subdivision
Grand Traverse
Standard status
Active
Size
1,851 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Description
Lots 1-2-3, Block 6 Perry Hannah's 3rd Add
Legal Description
Lots 1-2-3, Block 6 Perry Hannah's 3rd Add
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Building materials
Frame
Roof type
Asphalt
Architectural style
Other
Listing Agency:
REMAX Bayshore - Union St TC · RE/MAX International
(231) 941-4500
Listed By:
Matthew Dakoske · License #6501148333
(231) 590-7722
Added: Oct 29
Last Checked: Oct 31 at 12:06PM
MLS# 1952067
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.
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Investment Insights
Based on property information with market context.
This 1,851-square-foot duplex contains two residences: a three-bedroom, one-bath unit on the main level and a one-bedroom, one-bath unit above. The 1900 frame building includes a covered porch, landscaped grounds, and a garden area. Interior features include walk-in closets, a breakfast nook, pantry, foyer, and mud room; appliances include a refrigerator, range, dishwasher, microwave, washer, and dryer.
The property occupies a 0.23-acre lot at 630 W Eighth Street in Traverse City. Its two-unit configuration supports separate residential occupancy, including the option of living in one unit while renting the other.
The property occupies a 0.23-acre lot at 630 W Eighth Street in Traverse City. Its two-unit configuration supports separate residential occupancy, including the option of living in one unit while renting the other.
Key Highlights
- Two residences: a 3‑bedroom, 1‑bath main‑level unit and a 1‑bedroom, 1‑bath upper unit
- 1,851 square feet of building area on a 0.23‑acre lot
- Built in 1900 with frame construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,046
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,920
$400.9K
Cap Rate 7%
$286,371
$286.4K
Cap Rate 9%
$222,733
$222.7K
Market Conditions
NOI Build-Up for 1,851 SF
Gross rent
$30.0K $16.20/SF
− Vacancy
−$1.3K −$0.73/SF
EGI
$28.6K $15.47/SF
− OpEx
−$8.6K −$4.64/SF
NOI
$20.0K $10.83/SF
Area
Grand Traverse County, MI
Vacancy
4.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,920
Cap Rate 7%
$286,371
Cap Rate 9%
$222,733
Alternative Uses
Best Use
Multifamily LT 5
$286.4K
$250.6K – $334.1K
NOI $20,046 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$251.3K
$219.9K – $293.2K
NOI $17,592 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$402.1K
$351.8K – $469.1K
NOI $28,147 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,889
Businesses Nearby
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Business Placement
Demographics for 49684, MI
22,025
Population
10,959
Households
2
Avg Household Size
49
Median Age
46%
College-Educated
96%
High-School Grad
52.8 sq mi
ZIP Area
417
Density / Sq Mi
$75,678
Median Household Income
$39,553
Median Earnings
$1,216
Median Rent
$375,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Separate first- and second-level residences provide a three-bedroom layout alongside a one-bedroom unit.
Where is this duplex located?
The property is located at 630 W Eighth Street Traverse City, MI.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Two residences: a 3‑bedroom, 1‑bath main‑level unit and a 1‑bedroom, 1‑bath upper unit; 1,851 square feet of building area on a 0.23‑acre lot; Built in 1900 with frame construction
