Excellent Investment Opportunity at the Base of Old Mission Peninsula! This well-maintained duplex offers outstanding income potential with a proven rental history and current gross rental income of $4,790 per month. The property features three income-producing units, providing flexibility for investors or those seeking an owner-occupied opportunity. The duplex can also be converted back to a single-family home. Unit A (Main Level) offers 3 bedrooms, 1 bath, and an attached two-car garage. Unit B (Upper Level) features 2 bedrooms, 1 bath, in-unit laundry, and a private deck. A separate, non-conforming Cottage (Unit C) includes 1 bedroom and 1 bath, creating an additional income stream. Ideally located in one of Traverse City's most desirable in-town neighborhoods at the base of Old Mission Peninsula, the property is just two blocks from East Bay Beach, with convenient access to Northern Michigan College, Eastern Elementary, Central High School, downtown Traverse City, shopping, restaurants, beaches, and the TART Trail. Whether you're looking to expand your investment portfolio or convert the duplex back to a single-family home, this is an exceptional opportunity in a highly sought-after location.
For sale
Price cut: $40K (9/18)
$510,000
316 Huron St, Traverse City, MI 49686
6beds
3baths
2,636sqft
Multi Family
Built in 1937
-- sqft lot
$492,600 Zestimate®
$193/sqft
$-- HOA
What's special
In-unit laundryAttached two-car garagePrivate deck
- 106 days
- 460
- 33
Zillow last checked:
Listing updated:
Listed by:
Jennifer Gaston 231-313-0591,
REMAX Bayshore - Union St TC 231-941-4500
Source: NGLRMLS,MLS#: 1947705
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
Heating
- Hot Water, Baseboard, Wall Furnace, Natural Gas
Appliances
- Included: Refrigerator, Oven/Range, Dishwasher, Washer, Dryer, Gas Water Heater
Features
- Entrance Foyer, Mud Room, Drywall, High Speed Internet, Cable TV, WiFi
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 2,636
- Total interior livable area: 2,636 sqft
Property
Parking
- Parking features: Two Car, Attached, Concrete
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Exterior features: None
- Waterfront features: Near Pub.Access w/in 500'
Lot
- Size: 0.34 Acres
- Dimensions: 113 x 132
Details
- Additional structures: Shed(s), Guest House
- Parcel number: 285110103900
- Zoning description: Residential,Multi-Family,Rental History
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Block, Aluminum Siding, Wood Siding
- Foundation: Slab
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1937
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Green energy
- Energy efficient items: Not Applicable
- Water conservation: Not Applicable
Community & HOA
Community
- Features: None
- Security: Smoke Detector(s)
- Subdivision: None
Location
- Region: Traverse City
Financial & listing details
- Price per square foot: $193/sqft
- Tax assessed value: $146,727
- Annual tax amount: $7,700
- Price range: $510K - $510K
- Date on market: 7/7/2026
- Cumulative days on market: 107 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Land Contract/PMM
- Ownership type: Private Owner
- Lease term: 12 Months
- Total actual rent: 4790
- Road surface type: Asphalt
Estimated market value
$492,600
$468,000 - $517,000
$3,267/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/18/2026 | Price change | $510,000-7.3%$193/sqft |
Source:  NGLRMLS #1947705 Report a problem | ||
| 7/7/2026 | Listed for sale | $550,000+39.2%$209/sqft |
Source: NGLRMLS #1947705 Report a problem | ||
| 10/18/2021 | Listing removed | -- |
Source:  RE/MAX of Michigan Report a problem | ||
| 9/27/2021 | Pending sale | $395,000$150/sqft |
Source: RE/MAX of Michigan #1889754 Report a problem | ||
| 9/27/2021 | Contingent | $395,000$150/sqft |
Source: NGLRMLS #1889754 Report a problem | ||
| 9/16/2021 | Price change | $395,000-6%$150/sqft |
Source: NGLRMLS #1889754 Report a problem | ||
| 7/12/2021 | Price change | $420,000-8.5%$159/sqft |
Source: NGLRMLS #1889754 Report a problem | ||
| 7/6/2021 | Price change | $459,000-7.8%$174/sqft |
Source: NGLRMLS #1889754 Report a problem | ||
| 7/2/2021 | Listed for sale | $498,000+32.8%$189/sqft |
Source: NGLRMLS #1889754 Report a problem | ||
| 9/24/2020 | Listing removed | $375,000$142/sqft |
Source: RE/MAX Bayshore #1877331 Report a problem | ||
| 9/23/2020 | Pending sale | $375,000$142/sqft |
Source: RE/MAX Bayshore #1877331 Report a problem | ||
| 7/16/2020 | Listed for sale | $375,000$142/sqft |
Source: RE/MAX Bayshore #1877331 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,700 +6.7% | $293,900 +12.5% |
| 2024 | $7,217 +4.8% | $261,200 +28.4% |
| 2023 | $6,886 +2.5% | $203,400 +7.7% |
| 2022 | $6,720 +1.1% | $188,800 +7.4% |
| 2021 | $6,647 +0.8% | $175,800 +8.9% |
| 2020 | $6,591 | $161,500 +13.7% |
| 2019 | $6,591 -16.8% | $142,000 +6.2% |
| 2018 | $7,919 | $133,700 +4.5% |
| 2017 | -- | $128,000 +10.8% |
| 2016 | -- | $115,500 +3.1% |
| 2014 | -- | $112,000 +0.4% |
| 2012 | -- | $111,600 +0.4% |
| 2011 | -- | $111,200 -6.1% |
| 2010 | -- | $118,400 -0.1% |
| 2009 | -- | $118,500 -3.8% |
| 2008 | -- | $123,150 +2.4% |
| 2007 | -- | $120,260 +7.5% |
| 2005 | -- | $111,850 +12.9% |
| 2004 | -- | $99,030 +4.6% |
| 2003 | -- | $94,690 |
| 2002 | -- | $94,690 +4.5% |
| 2001 | -- | $90,640 -2.4% |
| 2000 | -- | $92,870 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 49686
Nearby schools
Schools provided by the listing agent
- Elementary: Eastern Elementary School
- Middle: Traverse City East Middle School
- High: Central High School
- 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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