Short Term Rental

Traverse City, MI Short Term Rental Properties for Sale

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Cedar, MI Williamsburg, MI Acme, MI Grawn, MI Suttons Bay, MI Interlochen, MI Lake Leelanau, MI Maple City, MI
6 properties
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 1895 Victorian 4‑plex at 607 W Front St with full city approvals (renovated in 2021).
Unit mix: 1 bed/1 bath (Units 1, 4), 2 bed/1 bath (Unit 2), and upper 1 bed/1 bath (Unit 3).
C‑2 Commercial Zone offers flexible potential uses and potential vertical expansion up to 45 feet (verify plans with local departments).
Designed for groups: two units include built‑in Murphy beds; all units have full‑size pull‑out sofas.
Internal connecting doors allow converting to one rental configured to sleep up to 24 people across 12 beds.
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Renovated Furnished Duplex
Updated: Jun 10
Renovated Furnished Duplex

509 Rose Street, Traverse City, MI 49686

$405,000
977 sqft 0.05 AC lot
Two‑unit duplex totaling 977 square feet
Lower unit: 500 sq ft with 1 bedroom, 1 bath, and full kitchen
Upper unit: 477 sq ft with 1 bedroom, 1 bath, and kitchenette
Both units have active short‑term rental permits
Full renovation completed in 2019; both units are furnished
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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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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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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.

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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.

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Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 6 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.

Restored Cottage Court Resort
Restored Cottage Court Resort

917 S Bayshore Drive, Elk Rapids, MI 49629

$1,750,000
4,000 sqft 5.88 AC lot

Waterfront-area hospitality property with individually renovated cottages, shared guest amenities, and an on-site owners’ residence.

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Victorian Triplex with Lake Views
Victorian Triplex with Lake Views

118 E State Street, Fife Lake, MI 49633

$374,900
3,216 sqft 0.11 AC lot

1890-built rental property with three units, expansive decking, and a renovation-oriented interior.

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Restored Cottage Court Resort
Restored Cottage Court Resort

917 S Bayshore Drive, Elk Rapids, MI 49629

$1,750,000
5.00 AC lot

Ten renovated cottages with shared outdoor gathering areas sit across from public beach access.

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Historic Triplex With Lake Views
Historic Triplex With Lake Views

118 E State St, Fife Lake, MI 49633

$394,000

Built in 1886, this triplex has three rental units and an expansive deck overlooking Fife Lake.

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Traverse City, MI Short Term Rental Properties Market Trends and Statistics

Explore 6 short term rental properties for sale in Traverse City, MI, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 4,222 square feet of properties for sale, with an estimated market value of $8,553,900.

Sale prices for short term rental properties in Traverse City, MI start at $405,000, averaging $1,425,650, 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.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Duplexes 8
Short term rental properties 7
Quadplexes 4
Apartment buildings 2
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
49685 $449.9K
49686 $479.3K
49684 $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.

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