This is a your opportunity to invest in an excellent income property with strong rental history. Conveniently located off of Five Mile Road in East Bay Township. This home has been well-maintained and recently updated with new windows, doors, kitchen flooring, cabinets, and flooring. Each unit has it's own laundry hookup. Fully encapsulated crawlspace. There is presently a 2-stall garage but property allows for an additional 1400 sq foot garage to be built. Property includes 2 septic systems which have been regularly pumped.
Sold for $400,000
$400,000
3111 Cresthill Ln, Traverse City, MI 49686
4beds
2baths
1,792sqft
Multi Family
Built in 1989
-- sqft lot
$401,300 Zestimate®
$223/sqft
$2,028 Estimated rent
Home value
$401,300
$381,000 - $421,000
$2,028/mo
Zestimate® history
Owner options
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$2,028/mo
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$2,400/mo
Est. payment
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$2,400/mo
Est. payment
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List your homeWhat's special
Fully encapsulated crawlspace
Zillow last checked:
Listing updated:
Listed by:
Sally Roeser Cell:231-499-5075,
Key Realty One-TC 517-827-2120
Bought with:
Shelby Newhouse, 6501450303
Wentworth Real Estate Group
Source: NGLRMLS,MLS#: 1944827
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Baseboard, Wall Furnace, Natural Gas
Cooling
- Electric
Appliances
- Included: Refrigerator, Oven/Range, Dishwasher, Washer, Dryer
Features
- Other, Cable TV, High Speed Internet
- Basement: Crawl Space
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 1,792
- Total interior livable area: 1,792 sqft
Property
Parking
- Parking features: Two Car, Over 1 Space per Unit, Detached
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Porch
- Exterior features: Other
- Waterfront features: None
Lot
- Size: 1.08 Acres
- Dimensions: 290 x 165
Details
- Additional structures: None
- Parcel number: 0371600300
- Zoning description: Residential,Multi-Family,Outbuildings Allowed,Rental History
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Frame, Vinyl Siding
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1989
Utilities & green energy
- Sewer: Private Sewer
- Water: Private
Community & neighborhood
Community
- Community features: None
Location
- Region: Traverse City
- Subdivision: N/A
HOA & financial
Other financial information
- Total actual rent: 2700
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Price range: $400K - $400K
- Listing terms: Conventional,Cash,1031 Exchange
- Ownership type: Private Owner
Price history
| Date | Event | Price |
|---|---|---|
| 5/29/2026 | Sold | $400,000$223/sqft |
Source:  NGLRMLS #1944827 Report a problem | ||
| 5/13/2026 | Pending sale | $400,000$223/sqft |
Source: NGLRMLS #1944827 Report a problem | ||
| 5/8/2026 | Listed for sale | $400,000$223/sqft |
Source: NGLRMLS #1944827 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,963 +5.7% | $199,200 +14.9% |
| 2024 | $5,641 +5% | $173,400 +17% |
| 2023 | $5,372 +3.5% | $148,200 +19.4% |
| 2022 | $5,191 -0.2% | $124,100 +6.5% |
| 2021 | $5,202 +134.2% | $116,500 -0.4% |
| 2020 | $2,221 | $117,000 -2.3% |
| 2019 | $2,221 -18% | $119,700 +26.4% |
| 2018 | $2,709 | $94,700 -5% |
| 2017 | -- | $99,700 +1.7% |
| 2016 | -- | $98,000 +5.7% |
| 2014 | -- | $92,700 +6% |
| 2011 | -- | $87,420 -3.3% |
| 2010 | -- | $90,440 +1.9% |
| 2009 | -- | $88,720 +4.6% |
| 2008 | -- | $84,840 +6% |
| 2007 | -- | $80,000 +37% |
| 2005 | -- | $58,400 +1.6% |
| 2004 | -- | $57,500 +4.4% |
| 2003 | -- | $55,100 -14.8% |
| 2002 | -- | $64,700 +20.3% |
| 2001 | -- | $53,800 +4.1% |
| 2000 | -- | $51,700 |
Find assessor info on the county website
Neighborhood: 49686
Nearby schools
GreatSchools rating
- 7/10Courtade Elementary SchoolGrades: PK-5Distance: 1.6 mi
- 7/10East Middle SchoolGrades: 6-8Distance: 2.1 mi
- 7/10Central High SchoolGrades: 8-12Distance: 4.7 mi
Schools provided by the listing agent
- District: Traverse City Area Public Schools
Source: NGLRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$401,300
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With Zillow Showcase(estimated)
$409,326
- Michigan
- Grand Traverse County
- Traverse City
- 49686
- 3111 Cresthill Ln
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