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    Petoskey, MI
    Multifamily

    Petoskey, MI Multifamily Properties for Sale

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    Harbor Springs, MI Alanson, MI Boyne City, MI Boyne Falls, MI Charlevoix, MI East Jordan, MI Brutus, MI Wolverine, MI
    Mixed-Use Property with Rental Units
    Updated: Jul 2
    Mixed-Use Property with Rental Units

    525 W Mitchell Street, Petoskey, MI 49770

    $1,870,000
    10,580 sqft
    Approximately 10,580 sq ft of rental opportunity
    16 micro rental units, each with a bath
    House includes a backyard, 2B, 2B, and 1 garage
    Two larger commercial spaces for office or retail use
    Across from a regional hospital and walkable to downtown restaurants and the waterfront
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    Three-Unit Mixed-Use Property
    Updated: Jul 2
    Three-Unit Mixed-Use Property

    602 Jackson Street, Petoskey, MI 49770

    $564,900
    2,329 sqft
    2,329‑square‑foot mixed‑use property with 3 units
    Professional office space has a long‑term lease in place
    Two 1‑bedroom, 1‑bath apartments, including one owner‑occupied unit
    Upper apartment offers bay views from the living room, kitchen, and deck
    Detached 1‑stall garage included
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    Duplex with Remodeled Upper Unit
    Duplex with Remodeled Upper Unit

    513 Liberty St, Petoskey, MI 49770

    $340,000
    1,816 sqft

    Two-unit property with a three-bedroom main-level apartment, remodeled upper residence, garage, and off-street parking.

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    See hot listings in Petoskey

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
    Est. NOI available after sign in
    Local Demand available after sign in
    Two-Unit Duplex with Garage
    Two-Unit Duplex with Garage

    513 Liberty St, Petoskey, MI 49770

    $340,000
    1,816 sqft

    Separate apartments include a spacious main-level residence and an updated upper unit.

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    Mixed-Use Building with Rental Micro-Units
    Mixed-Use Building with Rental Micro-Units

    525 W Mitchell St, Petoskey, MI 49770

    Contact for pricing
    22,405 sqft

    Commercially zoned building across from a regional hospital with micro rental units and office/retail space.

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    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 5 Active listings in Petoskey, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Restored Mixed-Use Building
    Restored Mixed-Use Building

    211 Bridge, Charlevoix, MI 49720

    $3,795,000
    10,500 sqft

    Commercially zoned property combines street-level retail with short-term rental apartments.

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    Two-Unit Duplex Near Lake Access
    Two-Unit Duplex Near Lake Access

    105 & 107 Bridge Street, East Jordan, MI 49727

    $231,900
    960 sqft

    Duplex with two one-bedroom units and city utilities, near East Jordan City boat launch and local conveniences.

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    Two-Unit Duplex with City Utilities
    Two-Unit Duplex with City Utilities

    825 & 827 Vance Street, East Jordan, MI 49727

    $249,900
    1,344 sqft

    R1-zoned property containing two residences, each configured with two bedrooms and supported by municipal utilities.

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    Historic Mixed-Use Building with Retail
    Historic Mixed-Use Building with Retail

    211 Bridge Street, Charlevoix, MI 49720

    Contact for pricing
    10,500 sqft

    Restored 1915 building offering street-level retail and multiple renovated apartment units, including short-term rentals and rooftop amenities.

    View details

    Petoskey, MI Multifamily Properties Market Trends and Statistics

    Explore 5 multifamily properties for sale in Petoskey, MI, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 38,946 square feet of properties for sale, with an estimated market value of $3,114,900.

    Sale prices for multifamily properties in Petoskey, MI start at $340,000, averaging $778,725, and reaching up to $1,870,000 — 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 2
    Apartment buildings 1

    Demographics Overview

    Population 18K
    Population Growth (5Y) +4.9%
    Median Household Income $80,431
    College Educated 68.9%

    High-Yield Neighborhoods for Investment

    Identify Petoskey submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49770 $705.8K

    Taxes & Financing

    Tax Rate (average for all types) 2.30%
    Property Tax per SF $9.63 per SF
    Tax Rate vs County Average 1.82 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Emmet County

    New Delisted

    Total CRE Inventory on Market (SF)

    How Realmo verifies these figures

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    Featured Petoskey Real Estate Agencies

    Realmo connects you with licensed Petoskey CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Petoskey Real Estate Group
    2206 Mitchell Park Drive, Unit 10 Petoskey, MI 49770
    Phone: (231) 409-9119
    petoskeyregroup.com/
    @ Properties Christie's Int'l Petoskey
    416 E Mitchell St Suite #1 Petoskey, MI
    Phone: (248) 850-8632
    Coldwell Banker Schmidt
    420 Howard Street Petoskey, MI 49770
    Phone: (231) 838-5263
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