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    Traverse City, MI
    Quadplex

    Traverse City, MI Quadplexes for Sale

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    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
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    This listing looks promising.

    Here's a quick look at some key insights for

    1627 Rasho Road, Traverse City, MI 49696

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    • 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
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    Fully Remodeled 4-Plex in C-2
    Updated: May 23
    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
    Fully remodeled 4‑plex in a C‑2 Commercial Zone at 607 West Front St, built in 1895 (Victorian).
    4 units total: Unit 1 (1 bed/1 bath), Unit 2 (2 bed/1 bath), Unit 3 (1 bed/1 bath), Unit 4 (1 bed/1 bath).
    Remodeled top‑to‑bottom in 2021 with full city approvals.
    Layout flexibility: two units have built‑in Murphy beds; all units include full‑size pull‑out sofas.
    Utilities/amenities included: public water; appliances include refrigerator, range/oven, microwave, dishwasher, washer and dryer.
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    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.

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    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.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 4 Active listings in Traverse City, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Lakefront Quadplex with Four Cottages
    Lakefront Quadplex with Four Cottages

    3551 W Otsego Lake Drive, Gaylord, MI 49735

    $895,000
    3,169 sqft

    Four cottages with shared 20x20 garage, private water system, and upgraded 2015 septic, on 150 feet of Otsego Lake frontage.

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    Ludington Multifamily Investment Opportunity
    Ludington Multifamily Investment Opportunity

    210 N Lavinia St, Ludington, MI 49431

    $450,000
    0.39 AC lot

    Four-unit property near downtown and beach with steady income.

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    Ludington Multifamily Investment Opportunity
    Ludington Multifamily Investment Opportunity

    210 N Lavinia Street, Ludington, MI 49431

    $450,000
    0.39 AC lot

    Four-unit property near downtown and beach with steady income.

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    Gaylord Commercial Opportunity For Sale
    Gaylord Commercial Opportunity For Sale

    2258 S Otsego Avenue, Gaylord, MI 49735

    $289,000

    Fourplex and office building with development potential on South Otsego.

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    Traverse City, MI Quadplexes Market Trends and Statistics

    Explore 4 quadplexes for sale in Traverse City, MI, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 7,253 square feet of properties for sale, with an estimated market value of $5,098,000.

    Sale prices for four-unit buildings in Traverse City, MI start at $849,000, averaging $1,274,500, 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.

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    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
    49696 $849K
    49684 $1.3M

    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.

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