Traverse City, MI Multifamily Properties for Sale

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21 properties

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Updated: Sep 2

Waterfront Cottage Rental Property

4256 N Spider Lake Road, Traverse City, MI 49696

$699,900

1,456 sqft 0.43 AC lot

Two cottages with 1,456 square feet combined on 0.43 acres
One cottage has 1 bedroom and 1 bathroom; the second has 2 bedrooms, 1 bathroom, a sunroom, and a lakeside deck
Spider Lake waterfront with sandy beach
Cabin Court designation exempts the property from local short‑term rental restrictions
Mini‑split heating and cooling; private water service

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Updated: Aug 30

Waterfront Quadplex With Cottages

9321 N Long Lake Road, Traverse City, MI 49684

$1,899,000

1,169 sqft 1.13 AC lot

1.13‑acre property with 143 feet of private sandy beach frontage on Long Lake
Quadplex classification with a main residence and separate cottages
Boathouse provides storage for recreational equipment and lawn tools
Cottage‑style improvements include brick construction, loft, fireplace, and asphalt roof
Located at 9321 N Long Lake Road, Traverse City, MI 49684

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Three-Unit Multifamily Property

316 Huron Street, Traverse City, MI 49686

$510,000

2,636 sqft 0.34 AC lot

Residential configuration includes a separate cottage, upper-level deck, and attached two-car garage.

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Income-Generating Duplex with Cottage

316 Huron St, Traverse City, MI 49686

$510,000

1,240 sqft

Well-maintained two-unit main structure plus a separate one-bedroom cottage provides three rental units.

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Updated Quadplex with Garage

1627 Rasho Road, Traverse City, MI 49696

$849,000

5,008 sqft 1.10 AC lot

Four residential units with shared laundry, recent improvements, and a detached garage on a landscaped parcel.

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Remodeled Victorian Quadplex

607 W Front Street, Traverse City, MI 49684

$1,600,000

2,245 sqft 0.19 AC lot

C-2 commercial zoning supports flexible residential and commercial use potential in downtown Traverse City.

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One-Story Duplex with Two Units

4364 Wyatt Road, Traverse City, MI 49684

$385,000

1,728 sqft 0.34 AC lot

Frame construction, residential zoning, and laundry hookups support a practical income-property configuration.

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Remodeled 4-Plex with Flexible Use

607 W Front St, Traverse City, MI 49684

$1,600,000

2,245 sqft

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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Renovated Furnished Duplex

509 Rose Street, Traverse City, MI 49686

$389,000

977 sqft 0.05 AC lot

Two permitted short-term rental units offer furnished accommodations near downtown Traverse City and the waterfront.

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Duplex with Three-Lot Site

535 W Twelfth Street, Traverse City, MI 49684

$599,000

2,490 sqft 0.28 AC lot

Flexible multi-family property with updated living areas, a convertible upper unit, and residential multi-family zoning.

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Four-Unit Property Near Downtown

1055 E Front Street, Traverse City, MI 49686

$539,900

0.19 AC lot

Four residential units feature private entrances, rear parking, and proximity to downtown Traverse City and the East Bay waterfront.

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Two-Unit Duplex with Downtown Access

633 E Eighth, Traverse City, MI 49686

$350,000

1,428 sqft 0.09 AC lot

Two leased apartments each offer a kitchen, living room, two bedrooms, and one bathroom.

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Updated Furnished Duplex with Attached Garages

284 Astro Drive, Traverse City, MI 49685

$449,900

2,304 sqft 0.90 AC lot

Two fully furnished residences offer flexible occupancy options with recent interior updates and residential multifamily zoning.

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Waterfront Short-Term Rental Cottages

4256 North Spider Lake Road, Traverse City, MI 49696

$720,000

Two furnished lakefront cottages offer flexible vacation rental, owner-use, and multigenerational living options.

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Duplex with Separate Garages

3434 & 3436 Mahoney Drive, Traverse City, MI 49686

$424,900

1,872 sqft 1.10 AC lot

Two-unit property with one occupied residence and a newly refreshed vacancy on an oversized private-well and septic lot.

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Multifamily Property with Four Barns

55 S Hope Ridge, Traverse City, MI 49696

$3,500,000

15,383 sqft 40.39 AC lot

Eight residences and multiple barns occupy a substantial rural property with shared septic, private well, and pond amenities.

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Duplex with Three-Stall Garage

131 N Spruce, Traverse City, MI 49684

$599,900

Two separate living spaces provide flexible residential income and household accommodation.

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Furnished Rental Resort Property

2960 Arbutus Hill Road, Traverse City, MI 49696

$3,800,000

36.50 AC lot

Resort property with furnished accommodations, a main residence, and direct Garfield Road frontage on 36.5 acres.

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Updated Four-Unit Multifamily Property

Traverse City, MI 49696

$849,000

Four-unit property near Timber Ridge with recent updates.

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Updated Duplex with Finished Lower Level

1278 Terrace Bluff Drive, Traverse City, MI 49686

$395,000

2,435 sqft

One-story residential property with an open layout, attached garage, deck, and refreshed interior finishes.

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Side-by-Side Duplex

4364 Wyatt Road, Traverse City, MI 49684

$385,000

Two matching residences provide three bedrooms, one bath, and washer/dryer hookups in each unit.

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Based on your search, we've compiled Potential Opportunities for your consideration. Besides 21 Active Listings in Traverse City, MI, we suggest to view alternatives - similar 51 Off-Market properties to explore as potential leads.

Off-Market Properties in Traverse City, MI

Consider similar Off-Market properties in Traverse City, 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.

MOBILE HOME PARK, TRAILER PARK

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

Estimated value:

$155,000

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Individual retail properties

1040 Front St, Traverse City, MI 49686

Estimated value: by Request

1,864 sqft 0.63 AC lot

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Multifamily properties

0 Tbd Lone Tree Rd, Traverse City, MI null

Estimated value: by Request

19.80 AC lot

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Traverse City, MI Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Traverse City, MI, showcased through 21 active listings on our real estate platform. These investment opportunities span a total of 44,616 square feet of properties for sale, with an estimated market value of $21,054,500.

Sale prices for multifamily properties in Traverse City, MI start at $350,000, averaging $1,002,595, and reaching up to $3,800,000 — 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

Demographics Overview

Population 78K

Population Growth (5Y) -35.5%

Median Household Income $78,889

College Educated 59.4%

High-Yield Neighborhoods for Investment

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

Neighborhood	Average Price
49686	$445.5K
49685	$449.9K
49684	$1M
49696	$1.7M

Taxes & Financing

Tax Rate (average for all types) 4.34%

Property Tax per SF $71.64 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Grand Traverse County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Traverse City fall within the 100,000+ square foot range.

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