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    Grand Traverse County, MI Multifamily Properties for Sale

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    Updated 4-Unit Residential Quadplex
    Updated: Apr 23
    Updated 4-Unit Residential Quadplex

    1627 Rasho Road, Traverse City, MI 49696

    $849,000
    5,008 sqft 1.10 AC lot
    Four‑unit property near Timber Ridge in Traverse City with three 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit
    Major 2023/2024 upgrades: new flooring, countertops, appliances, lighting, paint, HVAC units, and 3 new water heaters
    New roof completed February 2024, plus exterior paint
    Shared entry with common laundry; units include refrigerator, oven/range, dishwasher, microwave, washer, and dryer hookups
    Detached 5‑stall garage, adjacent deck area, landscaped grounds with a large lawn bordering woods
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    This listing looks promising.

    Here's a quick look at some key insights for

    1627 Rasho Road, Traverse City, MI 49696

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    • Est. Cap Rate

      6.4%
      Above avg (5.9%)

    • Est. NOI

      $54K
      Annual

    • Price @ 7% Cap

      $775K
      Suggested

    • Property Type

      Multi-Family Dwellings
      Built 1980
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    Three-Unit Residential Income Property
    Updated: Jul 7
    Three-Unit Residential Income Property

    316 Huron Street, Traverse City, MI 49686

    $550,000
    2,636 sqft 0.34 AC lot
    Duplex plus separate non‑conforming cottage (3 income‑producing units) with gross rental income of $4,790 per month
    Unit A (main level): 3 bedrooms, 1 bath, and attached two‑car garage
    Unit B (upper level): 2 bedrooms, 1 bath, in‑unit laundry, and private deck
    Unit C (cottage, non‑conforming): 1 bedroom and 1 bath
    Interior features include foyer entrance and mud room; appliances include refrigerator, oven/range, dishwasher, washer, and dryer
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    Fully Remodeled 4-Plex in C-2
    Fully Remodeled 4-Plex in C-2

    607 W Front Street, Traverse City, MI 49684

    $1,700,000
    2,245 sqft 0.19 AC lot

    Four fully remodeled units in a C-2 commercial zone, with flexible configurations for multiple tenant or group setups.

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    Versatile Property with Development Potential
    Versatile Property with Development Potential

    Williamsburg, MI 49690

    $674,900
    4.69 AC lot

    Income-generating duplex with light industrial zoning and development opportunities.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Turn-Key Duplex with Separate Garages
    Turn-Key Duplex with Separate Garages

    3434 & 3436 Mahoney Drive, Traverse City, MI 49686

    $449,900
    1,872 sqft 1.10 AC lot

    Turn-key duplex for sale with separate garages, one tenant in place, and a freshly updated vacant unit.

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    Turnkey Renovated Duplex Short-Term Rental
    Turnkey Renovated Duplex Short-Term Rental

    509 Rose Street, Traverse City, MI 49686

    $440,000
    977 sqft 0.05 AC lot

    Fully renovated duplex with two furnished 1 bed/1 bath units actively operating as permitted short-term rentals.

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    Multifamily Property with Multiple Barns
    Multifamily Property with Multiple Barns

    55 S Hope Ridge, Traverse City, MI 49696

    $3,500,000
    15,383 sqft 40.39 AC lot

    Forty-acre multifamily compound with eight homes and four large barns, positioned about eight minutes from downtown.

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    Turn-Key Duplex with Separate Garages
    Turn-Key Duplex with Separate Garages

    Traverse City, MI 49686

    $449,900
    1.00 AC lot

    Freshly updated vacant unit paired with a tenant-in-place setup, plus separate garages for improved privacy.

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    Mixed-Use Development Site with Theatre
    Mixed-Use Development Site with Theatre

    4160 M-72 E, Williamsburg, MI 49690

    $1,995,000
    12,259 sqft 4.35 AC lot

    Shovel-ready mixed-use parcel with fully developed utilities and an included former dinner theatre building.

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    10-Bedroom Country Estate Residence
    10-Bedroom Country Estate Residence

    8155 Blackman Road, Kingsley, MI 49649

    $725,000
    5,800 sqft 9.97 AC lot

    Spacious 10-bedroom estate on nearly 10 acres with accessible main level, generator, and a large pole barn.

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    Zoned Regional Business Waterfront Land
    Zoned Regional Business Waterfront Land

    Traverse City, MI 49686

    $499,000
    1,000 sqft

    Waterfront-facing land with two existing cabins and regional business zoning for offices, retail, or rentals.

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    Legal Duplex on Triple Lot
    Legal Duplex on Triple Lot

    535 W Twelfth Street, Traverse City, MI 49684

    $599,000
    2,490 sqft 0.28 AC lot

    Turnkey duplex with main-level 2 bed/1 bath and an upper unit operating as a licensed salon, plus outdoor living on a triple lot.

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    Duplex with Attached Garages
    Duplex with Attached Garages

    284 Astro Drive, Traverse City, MI 49685

    $449,900
    2,304 sqft 0.90 AC lot

    Two updated, two-bedroom units are fully furnished with attached garages for flexible living or rental use.

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    Remodeled 4-Plex with Flexible Use
    Remodeled 4-Plex with Flexible Use

    607 W Front St, Traverse City, MI 49684

    $1,700,000

    Fully remodeled 4-plex offers multiple unit configurations and flexible C-2 zoning for a variety of commercial and housing uses.

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    Multifamily Land Opportunity
    Multifamily Land Opportunity

    2624 Hartman Road, Traverse City, MI 49685

    $740,000
    5.25 AC lot

    5.25-acre parcel in Garfield Township with a permitted R-3 rezoning and existing well and septic.

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    Commercial Land with Rental Cabins
    Commercial Land with Rental Cabins

    1470 US-31 N, Traverse City, MI 49686

    $499,000
    1,000 sqft 0.66 AC lot

    Commercially zoned land with two cabins and a storage garage, near state park and the TART trail.

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    Updated Four-Unit Multifamily Property
    Updated Four-Unit Multifamily Property

    Traverse City, MI 49696

    $849,000

    Four-unit property near Timber Ridge with recent updates.

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    Duplex with Attached Garages
    Duplex with Attached Garages

    Traverse City, MI 49685

    $449,900

    Two updated two-bedroom units with attached garages, offered furnished and ready for flexible live-in or rental use.

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    Based on your search, we've compiled Potential Opportunities for your consideration. Besides 18 Active Listings in Grand Traverse County, MI, we suggest to view alternatives - similar 54 Off-Market properties to explore as potential leads.

    Off-Market Properties in Grand Traverse County, MI

    Consider similar Off-Market properties in Grand Traverse County, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    6500 Traverse Bay Dr, Unit 135
    CAMPGROUND, RV PARK

    6500 Traverse Bay Dr, Williamsburg, MI 49690

    Unit 135
    Value Estimation by Request
    View details
    3269 Wood Duck Ct
    MOBILE HOME PARK, TRAILER PARK

    3269 Wood Duck Ct, Traverse City, MI 49686-5437

    Value Estimation by Request
    View details
    6500 Traverse Bay Dr, Unit 133
    CAMPGROUND, RV PARK

    6500 Traverse Bay Dr, Williamsburg, MI 49690

    Unit 133
    Value Estimation by Request
    View details
    6500 Traverse Bay Dr, Unit 207
    CAMPGROUND, RV PARK

    6500 Traverse Bay Dr, Williamsburg, MI 49690

    Unit 207
    Value Estimation by Request
    View details
    6500 Traverse Bay Dr, Unit 5
    CAMPGROUND, RV PARK

    6500 Traverse Bay Dr, Williamsburg, MI 49690

    Unit 5
    Value Estimation by Request
    View details
    6500 Traverse Bay Dr, Unit 6
    CAMPGROUND, RV PARK

    6500 Traverse Bay Dr, Williamsburg, MI 49690

    Unit 6
    Value Estimation by Request
    View details

    Grand Traverse County, MI Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Grand Traverse County, MI, showcased through 18 active listings on our real estate platform. These investment opportunities span a total of 43,707 square feet of properties for sale, with an estimated market value of $10,491,800.

    Sale prices for multifamily properties in Grand Traverse County, MI start at $449,900, averaging $1,165,755, and reaching up to $3,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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