Advertise
    Traverse City, MI
    Multifamily

    Traverse City, MI Multifamily Properties for Sale

    Notify Me
    List
    Map
    Cedar, MI Williamsburg, MI Acme, MI Grawn, MI Suttons Bay, MI Interlochen, MI Lake Leelanau, MI Maple City, MI
    19 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
    Three-Unit Triplex With Private Deck
    Updated: Jul 7
    Three-Unit Triplex With Private Deck

    316 Huron Street, Traverse City, MI 49686

    $550,000
    2,636 sqft 0.34 AC lot
    2,636 SF triplex on 0.34‑acre lot at 316 Huron Street, Traverse City
    Unit A: 3 bed, 1 bath with attached two‑car garage
    Unit B: 2 bed, 1 bath with in‑unit laundry and private deck
    Unit C: separate non‑conforming cottage with 1 bed and 1 bath
    Built in 1937 with block construction and asphalt roof
    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
    Downtown Duplex Rental Property
    Downtown Duplex Rental Property

    633 E Eighth, Traverse City, MI 49686

    $350,000
    1,428 sqft 0.09 AC lot

    Duplex property with two long-term rental units, each featuring separate kitchens, living rooms, and two bedrooms.

    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Fully Renovated Duplex Short-Term Rental
    Fully Renovated Duplex Short-Term Rental

    509 Rose Street, Traverse City, MI 49686

    $420,000
    977 sqft 0.05 AC lot

    Turn-key duplex with active permits and furnished units, both permitted for short-term rental since 2019.

    View details
    Legal Duplex with Hair Salon Upper Unit
    Legal Duplex with Hair Salon Upper Unit

    535 W Twelfth Street, Traverse City, MI 49684

    $599,000
    2,490 sqft 0.28 AC lot

    Legal duplex on a triple lot with an upper unit operating as a licensed hair salon and a remodeled main-level residence.

    View details
    Two-Unit Rental Duplex
    Two-Unit Rental Duplex

    633 E Eighth, Traverse City, MI 49686

    $350,000
    1,428 sqft 0.09 AC lot

    Two long-term rental units on a small downtown lot, with private decks and a frame construction building.

    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
    Furnished Duplex with Attached Garages
    Furnished Duplex with Attached Garages

    284 Astro Drive, Traverse City, MI 49685

    $449,900
    2,304 sqft 0.90 AC lot

    Furnished two-bedroom units in a frame duplex with attached garages, on a 0.9-acre lot and sprinkler system.

    View details
    Duplex with Separate Garages
    Duplex with Separate Garages

    3434 & 3436 Mahoney Drive, Traverse City, MI 49686

    $424,900
    1,872 sqft 1.10 AC lot

    Duplex in Multi-Family zoning with a tenant in place and a freshly updated unit on the vacant side.

    View details
    Income-Generating Duplex with Cottage
    Income-Generating Duplex with Cottage

    316 Huron St, Traverse City, MI 49686

    $550,000

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

    View details
    Apartment Complex with Barns and Pond
    Apartment Complex with Barns and Pond

    55 S Hope Ridge, Traverse City, MI 49696

    $3,500,000
    15,383 sqft 40.39 AC lot

    40.39-acre apartment complex with eight homes, four large barns, a pond, and accessible features just minutes from downtown Traverse City.

    View details
    Commercial Land with Rental Cabins
    Commercial Land with Rental Cabins

    1470 US-31 N, Traverse City, MI 49686

    $499,000
    1,000 sqft 0.66 AC lot

    Commercially zoned land with two cabins and a storage garage, near state park and the TART trail.

    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
    Furnished Rental Resort Property
    Furnished Rental Resort Property

    2960 Arbutus Hill Road, Traverse City, MI 49696

    $3,800,000
    36.50 AC lot

    Eighteen furnished units include one-, two-, and three-bedroom layouts alongside an on-site residence and apartment.

    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

    $424,900
    1.00 AC lot

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

    View details
    Tenant-Owned Manufactured Housing Community
    Tenant-Owned Manufactured Housing Community

    9178 S LUCILLE ST LOT 25, Traverse City, MI 49684

    Contact for pricing
    10.56 AC lot

    First Point MHC is a 50-unit, 100% occupied tenant-owned manufactured housing community with private well and septic systems.

    View details
    Duplex with Attached Garages
    Duplex with Attached Garages

    Traverse City, MI 49685

    $449,900

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

    View details
    Based on your search, we've compiled Potential Opportunities for your consideration. Besides 19 Active Listings in Traverse City, MI, we suggest to view alternatives - similar 53 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

    $155,000
    Estimated value
    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

    $160,000
    Estimated value
    View details

    Traverse City, MI Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Traverse City, MI, showcased through 19 active listings on our real estate platform. These investment opportunities span a total of 37,771 square feet of properties for sale, with an estimated market value of $17,964,600.

    Sale prices for multifamily properties in Traverse City, MI start at $350,000, averaging $998,033, 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.

    List
    Map

    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 9
    Short term rental properties 8
    Apartment buildings 4
    Quadplexes 4
    Triplexes 2

    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 $457K
    49685 $546.6K
    49684 $1.3M
    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)

    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

    • 49686
    • 49684
    • 49696
    • 49685

    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!