Traverse City, MI Multifamily Properties for Sale

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Williamsburg, MI Grawn, MI Interlochen, MI

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$400,000

1,792 SF

Traverse City Duplex with Updates

3111 Cresthill Lane, Traverse City, MI 49686

Updated duplex with strong rental history and expansion potential.

Excellent income property with strong rental history
New windows, doors, kitchen flooring, and cabinets enhance the units
Each unit has its own laundry hookup
Property allows for an additional 1400 sq ft garage to be built
Conveniently located off of Five Mile Road in East Bay Township

Updated: May 8

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Traverse City Fourplex Investment Opportunity

$450,000

2,158 SF

Traverse City Fourplex Investment Opportunity

517 S OAK STREET, Traverse City, MI 49684

Well-located fourplex near downtown Traverse City shops and restaurants.

Highly desirable, walkable location near downtown Traverse City shops, restaurants, and amenities.
Four individual units, each with 1 bedroom and 1 bathroom, providing consistent rental income.
Individually metered gas and electric for each unit offering flexibility.
Shared coin‑operated laundry room in the basement for tenant convenience.
Each unit has a private entrance.

Updated: Apr 16

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$560,000

1,770 SF

Charming Duplex in Traverse City

Duplex in the heart of Traverse City, ideal location.

214 Wellington Street, Traverse City, MI 49686

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$849,000

Updated Four-Unit Multifamily Property

Four-unit property near Timber Ridge with recent updates.

Traverse City, MI 49696

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$450,000

Traverse City Fourplex Near Downtown

Four-unit property near downtown Traverse City with individual metering.

517 S Oak St, Traverse City, MI 49684

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Historic Mixed-Use Building in Traverse City

$1,400,000

3,250 SF

Historic Mixed-Use Building in Traverse City

Unique mixed-use property in prime Traverse City location.

601 Randolph Street, Traverse City, MI 49684

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$1,400,000

Historic Mixed-Use Building Near West Bay

Unique mixed-use property in prime location near shopping and dining.

601 Randolph St, Traverse City, MI 49684

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$1,400,000

3,464 SF

Historic Mixed-Use Building For Sale

Unique mixed-use property in prime location with business and residential.

601 Randolph Street, Traverse City, MI 49684

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Based on your search, we've compiled 1739 Potential Opportunities for your consideration. Besides 8 Active listings in Traverse City, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1723 Off-Market properties to explore as potential leads, 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.

Retail Store,Recreational/Resort,Bed & Breakfast - Honor, MI

$750,000

3,715 SF

Retail Store,Recreational/Resort,Bed & Breakfast - Honor, MI

Cedar Ridge Cabins – Turnkey 8-Unit Cabin Resort on Nearly 10 Acres with Expansion Potential in Honor, Michigan

11481 Main St, Honor, MI 49640

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$62,500

0.07 Acres

Vista Green RV Resort Lot

Premium RV lot in Vista Green Resort with full hookups.

Lot 83 Green Park Dr, Vista Green RD, South Boardman, MI 49680

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$750,000

5,000 SF

Turnkey Cabin Resort Near Sleeping Bear

Northern Michigan cabin resort with immediate income potential near Sleeping Bear.

11481 Main St, Honor, MI 49640

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$62,500

0.07 Acres

RV Lot in Vista Green Resort

Premium RV lot with full hook-ups in resort community.

Lot 83 Green Acres Drive, South Boardman, MI 49680

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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

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Contact for pricing

0.48 Acres

Residential Lot in Prudenville, MI

Partially wooded lot, perfect for a mobile home.

206 Middle Drive, Prudenville, MI 48651

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$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

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Contact for pricing

0.21 Acres

Menominee City Building Lot

Building lot near Henes Park, ready for construction.

MOBILE HOME PARK, TRAILER PARK

Value Estimation by Request

1521 Woodlawn Ln, Traverse City, MI 49686-4357

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Traverse City, MI Multifamily Properties Investment Opportunities Market Analysis

Explore 1731 multifamily properties for sale in Traverse City, MI, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 12,434 square feet of properties for sale, with an estimated market value of $4,210,000.

Sale prices for multifamily properties in Traverse City, MI start at $400,000, averaging $842,000, and reaching up to $1,400,000 — 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

Property Size Breakdown

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

Demographics Overview

Population 78K

Population Growth (5Y) -35.5%

Median Household Income $78,889

College Educated 59.4%

High-Yield Neighborhoods for Strategic Investment

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

Neighborhood	Average Price
49686	$560K
49696	$849K
49684	$1M

Taxes & Financing

Tax Rate (average for all types) 4.34%

Property Tax per SF $71.64 per sq ft

Average Loan-to-Value 65.0%

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Traverse City, MI Multifamily Properties for Sale

Traverse City Duplex with Updates

Updated duplex with strong rental history and expansion potential.

Traverse City Fourplex Investment Opportunity

Well-located fourplex near downtown Traverse City shops and restaurants.

Charming Duplex in Traverse City

Updated Four-Unit Multifamily Property

Traverse City Fourplex Near Downtown

Historic Mixed-Use Building in Traverse City

Historic Mixed-Use Building Near West Bay

Historic Mixed-Use Building For Sale

Opportunities in Nearby Cities

Retail Store,Recreational/Resort,Bed &amp; Breakfast - Honor, MI

Vista Green RV Resort Lot

Turnkey Cabin Resort Near Sleeping Bear

RV Lot in Vista Green Resort

Potential Development Sites for Consideration

Breathtaking Farmland Development Opportunity

Residential Lot in Prudenville, MI

Recreational Land in Gated Community

Menominee City Building Lot

Off-Market Properties in Traverse City, MI

3269 Wood Duck Ct

1040 Front St

Tbd Lone Tree Rd

2624 Hartman Rd

784 Yarrow Trl

762 Yarrow Trl

756 Yarrow Trl

796 Yarrow Trl

790 Yarrow Trl

768 Yarrow Trl

765 Yarrow Trl

750 Yarrow Trl

802 Yarrow Trl

808 Yarrow Trl

1505 Woodlawn Ln

1521 Woodlawn Ln

Traverse City, MI Multifamily Properties Investment Opportunities Market Analysis

Top Commercial Asset Segments

Property Size Breakdown

Demographics Overview

High-Yield Neighborhoods for Strategic Investment

Taxes & Financing

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Retail Store,Recreational/Resort,Bed & Breakfast - Honor, MI