Advertise
    Traverse City, MI
    Multifamily

    Traverse City, MI Multifamily Properties for Sale

    Notify Me
    List
    Map
    Cedar, MI Williamsburg, MI Acme, MI
    18 properties
    Sort:
    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
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    1627 Rasho Road, Traverse City, MI 49696

    View Property Analytics

    • 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
    View Property Analytics
    Barrier-Free Assisted Living Home
    Updated: Feb 4
    Barrier-Free Assisted Living Home

    3205 Supply Road, Traverse City, MI 49686

    $799,000
    3,995 sqft · 3.83 AC lot
    Former assisted living/adult foster care facility with 6 BD and 3.5 BA
    About 3,995 SF with community‑style living spaces including a large kitchen and dining area
    Fully barrier‑free bathrooms, doors, and entry areas
    Fully barrier‑free layout plus laminate floors throughout
    Full walkout basements and a fire suppression system with sprinklers
    View details
    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.

    View details
    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.

    View details
    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 offers updated interiors, owned water treatment systems, and separate garages for tenant privacy.

    View details
    Multifamily Development Land
    Multifamily Development Land

    2624 Hartman Road, Traverse City, MI 49685

    $740,000
    5.25 AC lot

    Rezoned multi-family site in Garfield Township with existing well and septic and current tenant occupancy.

    View details
    Zoned Regional Business Development Land
    Zoned Regional Business Development Land

    1470 US-31 N, Traverse City, MI 49686

    $499,000
    1,000 sqft · 0.66 AC lot

    0.66-acre commercial land zoned Regional Business with existing cabins and storage for office, retail, or rentals.

    View details
    Historic Stand-Alone Brick Retail Building
    Historic Stand-Alone Brick Retail Building

    601 Randolph Street, Traverse City, MI 49684

    $1,400,000
    3,250 sqft · 0.06 AC lot

    Stand-alone brick building with retail space plus two one-bedroom apartments and alley access for parking.

    View details
    Historic Mixed-Use Building For Sale
    Historic Mixed-Use Building For Sale

    601 Randolph Street, Traverse City, MI 49684

    $1,400,000
    3,464 sqft · 0.06 AC lot

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

    View details
    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.

    View details
    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.

    View details
    Turn-Key Duplex with Separate Garages
    Turn-Key Duplex with Separate Garages

    Traverse City, MI 49686

    $495,000
    1.00 AC lot

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

    View details
    Historic Mixed-Use Building Near West Bay
    Historic Mixed-Use Building Near West Bay

    601 Randolph St, Traverse City, MI 49684

    $1,400,000

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

    View details
    Duplex with Attached Garages
    Duplex with Attached Garages

    Traverse City, MI 49685

    $479,900

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

    View details
    Resort with Furnished Rental Units
    Resort with Furnished Rental Units

    Traverse City, MI 49696

    $3,800,000
    36.00 AC lot

    Own a fully furnished resort operation with 19 rental units and a four-bedroom residence on a nature preserve setting.

    View details
    Traverse City Fourplex Near Downtown
    Traverse City Fourplex Near Downtown

    517 S Oak St, Traverse City, MI 49684

    $450,000

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

    View details
    East Bay Township Income Property
    East Bay Township Income Property

    Traverse City, MI 49686

    $400,000

    Well-maintained duplex with strong rental history and recent updates.

    View details
    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.

    View details
    Based on your search, we've compiled Potential Opportunities for your consideration. Besides 18 Active Listings in Traverse City, MI, we suggest to view alternatives - similar 54 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.

    3269 Wood Duck Ct
    MOBILE HOME PARK, TRAILER PARK

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

    Value Estimation by Request
    View details
    1040 Front St
    Individual retail properties

    1040 Front St, Traverse City, MI 49686

    Value Estimation by Request
    1,864 sqft · 0.63 AC lot
    View details
    Tbd Lone Tree Rd
    Multifamily properties

    0 Tbd Lone Tree Rd, Traverse City, MI null

    Value Estimation by Request
    19.80 AC lot
    View details
    2624 Hartman Rd
    Multifamily properties

    2624 Hartman Rd, Traverse City, MI 49685

    Value Estimation by Request
    5.25 AC lot
    View details
    784 Yarrow Trl
    MOBILE HOME PARK, TRAILER PARK

    784 Yarrow Trl, Traverse City, MI 49685-7843

    Value Estimation by Request
    View details
    762 Yarrow Trl
    MOBILE HOME PARK, TRAILER PARK

    762 Yarrow Trl, Traverse City, MI 49685-7843

    Value Estimation by Request
    View details

    Traverse City, MI Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Traverse City, MI, showcased through 18 active listings on our real estate platform. These investment opportunities span a total of 24,138 square feet of properties for sale, with an estimated market value of $8,045,800.

    Sale prices for multifamily properties in Traverse City, MI start at $449,900, averaging $893,977, and reaching up to $1,700,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
    Map

    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 8
    Short term rental properties 8
    Quadplexes 5
    Apartment buildings 4

    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
    49685 $464.9K
    49686 $735.7K
    49684 $1.3M
    49696 $2.3M

    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)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Grand Traverse County

    Office

    Property Size Breakdown

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

    Need Help?

    Reach out if you need assistance with Realmo tools or have questions about your listings

    Contact Us

    Browse Multifamily properties for Sale Near Traverse City, MI

    Popular Searches in Traverse City, MI

    Popular Categories

    Most Searched ZIP Codes in Traverse City, MI

    • 49684
    • 49686
    • 49685
    • 49696

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!