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    Grand Traverse County, MI Residential Income Properties 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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    Three-Unit Residential Income Property
    Updated: Jul 7
    Three-Unit Residential Income Property

    316 Huron Street, Traverse City, MI 49686

    $550,000
    2,636 sqft 0.34 AC lot
    Well‑maintained 3‑unit property with current gross rental income of $4,790 per month
    Duplex layout with Unit A (main level) 3 bed/1 bath plus an attached two‑car garage
    Unit B (upper level) 2 bed/1 bath with in‑unit laundry and a private deck
    Separate non‑conforming cottage (Unit C) with 1 bed/1 bath for an additional income stream
    Built in 1937 with block construction and an asphalt shingle roof
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    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.

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    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.

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    Turn-Key Duplex with Separate Garages
    Turn-Key Duplex with Separate Garages

    3434 & 3436 Mahoney Drive, Traverse City, MI 49686

    $424,900
    1,872 sqft 1.10 AC lot

    One side is occupied while the other has fresh paint, new fixtures, and a remodeled kitchen.

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    Turnkey Renovated Duplex Short-Term Rental
    Turnkey Renovated Duplex Short-Term Rental

    509 Rose Street, Traverse City, MI 49686

    $440,000
    977 sqft 0.05 AC lot

    Fully renovated duplex with two furnished 1 bed/1 bath units actively operating as permitted short-term rentals.

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    Rezoned Multifamily Development Land
    Rezoned Multifamily Development Land

    2624 Hartman Road, Traverse City, MI 49685

    $740,000
    900 sqft 5.25 AC lot

    Rezoned to R-3 with on-site well and septic, offering apartment development options on approximately 5.25 acres.

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    Live-Work Building with Parking Lot
    Live-Work Building with Parking Lot

    1323 S Cass Street, Traverse City, MI 49684

    $975,000
    1,792 sqft

    Turnkey office with an ADA-compliant main level and furnished studio apartment above, plus a 16-space parking lot.

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    10-Bedroom Country Estate Residence
    10-Bedroom Country Estate Residence

    8155 Blackman Road, Kingsley, MI 49649

    $725,000
    5,800 sqft 9.97 AC lot

    Spacious 10-bedroom estate on nearly 10 acres with accessible main level, generator, and a large pole barn.

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    Legal Duplex on Triple Lot
    Legal Duplex on Triple Lot

    535 W Twelfth Street, Traverse City, MI 49684

    $599,000
    2,490 sqft 0.28 AC lot

    Turnkey duplex with main-level 2 bed/1 bath and an upper unit operating as a licensed salon, plus outdoor living on a triple lot.

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    Mixed-Use Development Site with Building
    Mixed-Use Development Site with Building

    4160 M 72 E, Williamsburg, MI 49690

    $1,995,000
    12,000 sqft 4.35 AC lot

    Shovel-ready mixed-use site with fully developed utilities, an approved PD, and a 12,000-sq-ft existing mixed-use building.

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    Downtown Two-Unit Rental Property
    Downtown Two-Unit Rental Property

    633 E Eighth, Traverse City, MI 49686

    $350,000
    1,428 sqft 0.09 AC lot

    Two long-term rental units each offer a kitchen, living room, 2 bedrooms, and 1 bathroom on a small lot.

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    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 furnished two-bedroom units offer attached garages and recent updates, suited for owner-occupancy or rental income.

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    Versatile Property with Development Potential
    Versatile Property with Development Potential

    Williamsburg, MI 49690

    $674,900
    4.69 AC lot

    Income-generating duplex with light industrial zoning and development opportunities.

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    Multifamily Land Opportunity
    Multifamily Land Opportunity

    2624 Hartman Road, Traverse City, MI 49685

    $740,000
    5.25 AC lot

    5.25-acre parcel in Garfield Township with a permitted R-3 rezoning and existing well and septic.

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    Multifamily Property with Multiple Barns
    Multifamily Property with Multiple Barns

    55 S Hope Ridge, Traverse City, MI 49696

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

    Forty-acre multifamily compound with eight homes and four large barns, positioned about eight minutes from downtown.

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    Turn-Key Duplex with Separate Garages
    Turn-Key Duplex with Separate Garages

    Traverse City, MI 49686

    $449,900
    1.00 AC lot

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

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    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.

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    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.

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    Residential Income Property with Road Frontage
    Residential Income Property with Road Frontage

    8921 US-31, Grawn, MI 49637

    $395,000
    1,276 sqft 3.20 AC lot

    Extensive highway frontage and on-site structures offer flexible use considerations, with commercial designation noted in the township plan.

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    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.

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    Updated Condo with Attached Garage
    Updated Condo with Attached Garage

    1278 Terrace Bluff Drive, Traverse City, MI 49686

    $395,000
    2,435 sqft

    Freshly updated 3-bedroom condo with 3 bathrooms, an attached 2-car garage, and a finished lower level.

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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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    Multi-Building Mixed-Use Site
    Multi-Building Mixed-Use Site

    1893 Pine Tree Drive, Grawn, MI 49637

    $1,499,000
    14,929 sqft 18.10 AC lot

    18.1-acre site with multiple buildings, residential structures, and laydown space across three parcels with extensive highway frontage.

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    Grand Traverse County, MI Residential Income Properties Market Trends and Statistics

    Explore 72 residential income properties for sale in Grand Traverse County, MI, showcased through 31 active listings on our real estate platform. These investment opportunities span a total of 92,792 square feet of properties for sale, with an estimated market value of $25,590,500.

    Sale prices for residential income properties in Grand Traverse County, MI start at $297,000, averaging $853,016, and reaching up to $3,500,000 — 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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