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    Petoskey, MI Multifamily Properties for Sale

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    Harbor Springs, MI Boyne City, MI Alanson, MI
    Remodeled Duplex in Prime Location
    $559,900
    2,318 SF
    Remodeled Duplex in Prime Location

    415 Liberty, Petoskey, MI 49770

    Updated duplex near Gaslight district, shopping, and recreation.
    • Prime location in downtown Petoskey, steps from the Gaslight district, shopping, dining, and the Bear River path.
    • Updated and renovated in 2016.
    • Two separate units, ideal for rental income or owner occupancy.
    • Upper unit features three bedrooms and two full baths with in‑unit laundry.
    • Lower unit includes one bedroom plus a den, one full bathroom, and in‑unit laundry.
    Updated: Apr 14
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    Petoskey Multifamily Investment Opportunity
    $850,000
    Petoskey Multifamily Investment Opportunity

    524 State St, Petoskey, MI 49770

    Well-maintained 6-unit multifamily property near downtown Petoskey.
    • Very walkable location (Walk Score 88) near downtown, schools, and employment.
    • Stable tenancy with in‑place rent of ~$8,150/month.
    • Recent upgrades including exterior paint, porch rebuild, foundation work, and breezeway update.
    • Mix of renovated units with durable finishes.
    • Strong rental history with opportunity to increase rents.
    Updated: Apr 26
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    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Petoskey, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Gaylord Duplexes: Income Opportunity
    $725,000
    3,440 SF
    Gaylord Duplexes: Income Opportunity

    Two duplexes built in 2023, great for rental income.

    126 & 128 E Mill Street, Gaylord, MI 49735

    View details
    Vanderbilt Multi-Unit Investment Opportunity
    $280,000
    Vanderbilt Multi-Unit Investment Opportunity

    Multi-unit property with income potential in downtown Vanderbilt.

    566 E MAIN STREET, Vanderbilt, MI 49795

    View details
    Gaylord Commercial Opportunity For Sale
    $289,000
    Gaylord Commercial Opportunity For Sale

    Fourplex and office building with development potential on South Otsego.

    2258 S Otsego Avenue, Gaylord, MI 49735

    View details
    Furnished Triplex with Storage Outbuildings
    $185,900
    Furnished Triplex with Storage Outbuildings

    Three-unit triplex with recent exterior and interior upgrades, plus new septic and onsite storage suited for mid-term furnished rentals.

    351 W Main St, Vanderbilt, MI 49795

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Breathtaking Farmland Development Opportunity
    $2,950,000
    74.20 Acres
    Breathtaking Farmland Development Opportunity

    72 acres of high-elevation farmland with sweeping, multi-directional views.

    Parcel C E Duck Lake Road, Suttons Bay, MI 49682

    View details
    Traverse City Land with Utilities
    $59,000
    0.52 Acres
    Traverse City Land with Utilities

    Half-acre lot with well, septic, gas, and electric hookup.

    4866 Luanne Lane, Traverse City, MI 49685

    View details
    Tippy Dam Lodge Retreat
    $999,900
    22.24 Acres
    Tippy Dam Lodge Retreat

    Unique lodge in Manistee National Forest with multiple buildings.

    1306 N Tippy Dam Road, Wellston, MI 49689

    View details
    Recreational Land in Gated Community
    $44,000
    0.75 Acres
    Recreational Land in Gated Community

    0.75-acre lot with hookups in White Birch Lakes Association.

    4537 Pine Run, Farwell, MI 48622

    View details

    Petoskey, MI Multifamily Properties Investment Opportunities Market Analysis

    Explore 2 multifamily properties for sale in Petoskey, MI on our real estate platform. These investment opportunities span a total of 2,318 square feet of properties for sale, with an estimated market value of $559,900.

    Sale prices for multifamily properties in Petoskey, MI start at $559,900, averaging $559,900, and reaching up to $559,900 — 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

    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 median listing prices of real estate assets

    Neighborhood Average Price
    49770 $705K

    Taxes & Financing

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

    Listings Trend

    Total CRE Area on Market Trend

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