Charming Bear Lake duplex with solid income potential!
This cute, clean property features two well-kept 2-bedroom, 1-bath units, each with its own garage and laundry. Currently bringing in $1,800 per month total ($900 per unit), it's a great opportunity for an investor or owner-occupant looking for steady cash flow in a desirable lakeside community. Tidy, functional, and easy to love — this is a smart addition to any portfolio.
Property functions on private well and septic with natural gas furnace for each unit. Both units have individual gas and electric meters to keep utilities separate.
Great location only short walk to Bear Lake and many of the town's conveniences; Bear Lake School, Library and Post Office. Purchase as your primary and use the income from other unit as your own to finance or make easy conversion to 4 bedroom home for your future living needs.
Sold
$235,000
12218 7th St, Bear Lake, MI 49614
4beds
2baths
1,536sqft
2 to 4 Units
Built in 1992
-- sqft lot
$238,500 Zestimate®
$153/sqft
$1,224 Estimated rent
Home value
$238,500
Estimated sales range
Not available
$1,224/mo
Zestimate® history
Owner options
List your home for rent
$1,224/mo
Rent Zestimate®
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$1,224/mo
Rent Zestimate®
Refinance and save
$1,566/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$1,566/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Jenna Mahoney 231-942-9334,
Essential Real Estate
Bought with:
Kerri J Mackey, 6501358481
Five Star Real Estate - Onekama
Source: MichRIC,MLS#: 26007850
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Forced Air
Cooling
- None
Appliances
- Laundry: Electric Dryer Hookup, Gas Dryer Hookup
Features
- Basement: Crawl Space
Interior area
- Total interior livable area: 1,536 sqft
Property
Parking
- Total spaces: 4
- Parking features: Asphalt, Driveway
Lot
- Size: 0.67 Acres
- Dimensions: 140 x 261/130
- Features: Recreational
Details
- Parcel number: 0264173430
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 to 4 Units
Materials
- Vinyl Siding
- Roof: Metal
Condition
- New construction: No
- Year built: 1992
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Phone Connected, Natural Gas Connected, Electricity Connected
Community & HOA
Location
- Region: Bear Lake
Financial & listing details
- Price per square foot: $153/sqft
- Tax assessed value: $46,504
- Annual tax amount: $2,130
- Date on market: 3/3/2026
- Listing terms: VA Loan,USDA Loan,MSHDA,FHA,Cash,2nd Mortgage,Conventional
- Tenant pays: Electricity, Gas
- Electric utility on property: Yes
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 4/15/2026 | Sold | $235,000$153/sqft |
Source:  MichRIC #26007850 Report a problem | ||
| 3/10/2026 | Contingent | $235,000$153/sqft |
Source: MichRIC #26007850 Report a problem | ||
| 3/3/2026 | Listed for sale | $235,000+0.4%$153/sqft |
Source: MichRIC #26007850 Report a problem | ||
| 6/12/2025 | Listing removed | $234,000$152/sqft |
Source:  NGLRMLS #1922845 Report a problem | ||
| 3/20/2025 | Listed for sale | $234,000$152/sqft |
Source: MichRIC #24062618 Report a problem | ||
| 3/3/2025 | Contingent | $234,000$152/sqft |
Source: MichRIC #24062604 Report a problem | ||
| 9/1/2024 | Price change | $234,000-9.7%$152/sqft |
Source: NGLRMLS #1922845 Report a problem | ||
| 5/29/2024 | Price change | $259,000+3.6%$169/sqft |
Source: MichRIC #24026720 Report a problem | ||
| 5/7/2024 | Price change | $250,000-3.8%$163/sqft |
Source: Owner Report a problem | ||
| 5/2/2024 | Listed for sale | $260,000+333.3%$169/sqft |
Source: Owner Report a problem | ||
| 9/1/2009 | Sold | $60,000$39/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,182 +64.4% | $114,000 +5% |
| 2024 | $1,935 | $108,600 +42.5% |
| 2023 | -- | $76,200 +23.9% |
| 2022 | -- | $61,500 +8.8% |
| 2021 | -- | $56,500 +4.1% |
| 2020 | -- | $54,300 -2.5% |
| 2019 | -- | $55,700 +31.7% |
| 2018 | -- | $42,300 +3.7% |
| 2017 | -- | $40,800 +2.8% |
| 2016 | -- | $39,700 +7.3% |
| 2015 | -- | $37,000 -1.9% |
| 2014 | -- | $37,700 +7.4% |
| 2013 | -- | $35,100 -3.3% |
| 2012 | -- | $36,300 -9.7% |
| 2011 | -- | $40,200 -15.4% |
| 2010 | -- | $47,500 |
Find assessor info on the county website
Neighborhood: 49614
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Nearby schools
GreatSchools rating
- 6/10Bear Lake Elementary SchoolGrades: PK-6Distance: 1.2 mi
- 6/10Bear Lake High SchoolGrades: 7-12Distance: 1.2 mi
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- Michigan
- Manistee County
- Bear Lake
- 49614
- 12218 7th St
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