Traverse City, MI Residential Income Properties for Sale

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Williamsburg, MI Grawn, MI Interlochen, MI

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$995,000

1,792 SF

Live/Work Opportunity Near Downtown

1323 S Cass Street, Traverse City, MI 49684

Turnkey live/work space with development potential near downtown Traverse City.

Rare Live/Work opportunity with a turnkey professional office and fully renovated studio apartment.
Grandfathered commercial status allows for various professional uses.
Second buildable lot with 16‑space parking offers potential for additional dwelling(s) or duplexes.
Studio apartment features high‑end finishes, is fully furnished and rental‑ready with in‑floor radiant heat, marble tile, and custom shower.
ADA compliant main floor office space with three private rooms, reception area, and half bath.

Updated: May 7

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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

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

517 S OAK STREET, Traverse City, MI 49684

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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 80 Potential Opportunities for your consideration. Besides 9 Active listings in Traverse City, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 63 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.

$1,575,000

1.46 Acres

Development Parcel in Traverse City

1.46 acre development parcel in central Traverse City, Michigan.

520 Railroad Avenue, Traverse City, MI 49686

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$99,000

0.09 Acres

Traverse City Vacant Residential Lot

0.098-acre lot near downtown Traverse City for single-family construction.

00 Barlow Street, Traverse City, MI 49686

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$99,000

0.09 Acres

Land in Traverse City Heart

0.098-acre parcel to build your dream home.

974 Barlow Street, Traverse City, MI 49686

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$89,000

0.41 Acres

Corner Lot in Traverse City

Development opportunity with utilities and flexible seller financing.

MOBILE HOME PARK, TRAILER PARK

Value Estimation by Request

768 Yarrow Trl, Traverse City, MI 49685-7843

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Traverse City, MI Residential Income Properties Investment Opportunities Market Analysis

Explore 72 residential income properties for sale in Traverse City, MI, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 14,226 square feet of properties for sale, with an estimated market value of $5,205,000.

Sale prices for residential income properties in Traverse City, MI start at $400,000, averaging $867,500, 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	$705K
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 Residential Income Properties for Sale

Live/Work Opportunity Near Downtown

Turnkey live/work space with development potential near downtown Traverse City.

Traverse City Duplex with Updates

Updated duplex with strong rental history and expansion potential.

Traverse City Fourplex Investment Opportunity

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

Development Parcel in Traverse City

Traverse City Vacant Residential Lot

Land in Traverse City Heart

Corner Lot in Traverse City

Off-Market Properties in Traverse City, MI

3269 Wood Duck Ct

1040 Front St

Garfield Woods Dr

4040 Creekside Dr

Tbd Lone Tree Rd

4051 Cedar Run Rd

2624 Hartman Rd

Zimmerman Rd

Carter Rd

784 Yarrow Trl

762 Yarrow Trl

756 Yarrow Trl

796 Yarrow Trl

790 Yarrow Trl

768 Yarrow Trl

Traverse City, MI Residential Income 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