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Income-Producing Multifamily Property
For Sale
$319,900

6593 FRANKFORT Hwy, Beulah, MI 49617

Three-unit property with updates near Frankfort and Crystal Lake.

Property Size2,924 SF
Days on Market110

Property Features for 6593 FRANKFORT Hwy

General Information

Standard status Active
Size 2,924 SF
Property subtype Investment

Taxes and HOA fees

Annual Taxes $5,481

Building Details

Building Size 2,924 SF
Year Built 1936
Units 3
Listing Agency: Gateway Brokerage
Listed By: Drew Pursley · License #6501443807
Source: Elliman
Added: May 16 Changed: Aug 8 Last Checked: Sep 1 at 10:32PM

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 Gateway Brokerage

Investment Insights

Based on property information with market context.

Located in Benzie County, this income-producing three-unit multifamily property offers strong rental potential. Numerous recent updates have been completed, including a newer metal roof and an updated electrical fuse box with new labels and lines run to washers/dryers and individual apartments. Interior upgrades throughout the units feature updated kitchens and baths, new flooring, paint, lighting, insulation/drywall work, new blinds, and newer appliances. Fireplace/furnace updates have also been completed. A shared laundry area is equipped with two washers and two dryers. Situated near Frankfort and Crystal Lake, this property presents opportunities for long-term rental income, seasonal use, or owner-occupant flexibility.

Key Highlights

  • Income‑producing 3‑unit multifamily property with strong rental potential.
  • Recent updates include a newer metal roof and updated electrical system.
  • Updated kitchens and baths, new flooring, paint, and lighting throughout units.

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Department Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1
Businesses Nearby

Demographics for 49617, MI

3,285
Population
2,684
Households
1.2
Avg Household Size
54
Median Age
35%
College-Educated
95%
High-School Grad
45.4 sq mi
ZIP Area
72
Density / Sq Mi
$66,844
Median Household Income
$32,514
Median Earnings
$657
Median Rent
$268,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three-unit property with updates near Frankfort and Crystal Lake.
Where is this triplex located?
The property is located at 6593 FRANKFORT Hwy Beulah, MI.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: Income‑producing 3‑unit multifamily property with strong rental potential.; Recent updates include a newer metal roof and updated electrical system.; Updated kitchens and baths, new flooring, paint, and lighting throughout units.
More about this property
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