Welcome to a fantastic investment opportunity with this well maintained quadplex! The addresses are 3482, 3484, 3486 + 3488 Mahoney Drive. Great location, just a few minutes from Traverse City. All 4 units are tenant occupied with current leases until 2025. Total rents are $6100/mo. Each unit offers two stories, private entry, an attached single-car garage and paved driveways, maximizing storage and tenant convenience. Inside each unit is nicely updated and equipped with a large living area, washer and dryer hookups, and spacious master bedrooms, complete with dual closets. Updated flooring throughout each unit. Recently upgraded kitchen cabinetry and appliances in the two end units (3482 + 3488). Outside you will find private patios and a spacious shared backyard. Please note that showings require 48 hours notice!
Sold for $750,000
$750,000
3482 Mahoney Dr, Traverse City, MI 49696
8beds
8baths
4,568sqft
Multi Family
Built in 1995
-- sqft lot
$856,500 Zestimate®
$164/sqft
$1,895 Estimated rent
Home value
$856,500
$788,000 - $942,000
$1,895/mo
Zestimate® history
Owner options
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$1,895/mo
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$1,895/mo
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$4,460/mo
Est. payment
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$4,460/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Chelsea Jamieson 231-778-1200,
Five Star Real Estate - Front St TC 231-778-1200
Bought with:
Jonathan Dayton, 6506036856
REO-TCFront-233021
Source: NGLRMLS,MLS#: 1921613
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
Heating
- Baseboard, Natural Gas
Appliances
- Included: Refrigerator, Oven/Range, Dishwasher, Microwave, Freezer
- Laundry: Laundry Hook-up
Features
- Vaulted Ceiling(s), Entrance Foyer, Cable TV, WiFi
- Basement: Crawl Space
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 4,568
- Total interior livable area: 4,568 sqft
Property
Parking
- Parking features: One Car, Paved, Garage, Attached, Concrete
- Has garage: Yes
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Has view: Yes
- View description: Countryside View
- Waterfront features: None
Lot
- Size: 1.25 Acres
- Dimensions: 141.72 x 384.21 IRR
Details
- Additional structures: None
- Parcel number: 0338601600
- Zoning description: Multi-Family
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: 1995
Utilities & green energy
- Sewer: Private Sewer
- Water: Private
Green energy
- Energy efficient items: Not Applicable
- Water conservation: Not Applicable
Community & HOA
Community
- Features: None
- Subdivision: EARLINGTON HILLS
Location
- Region: Traverse City
Financial & listing details
- Price per square foot: $164/sqft
- Tax assessed value: $731,000
- Annual tax amount: $7,293
- Price range: $750K - $750K
- Date on market: 4/27/2024
- Cumulative days on market: 61 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Conventional,Cash
- Ownership type: Private Owner
- Lease term: 12 Months
- Total actual rent: 6100
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 6/17/2025 | Listing removed | $1,750 |
Source: Zillow Rentals Report a problem | ||
| 6/5/2025 | Price change | $1,750-2.5% |
Source: Zillow Rentals Report a problem | ||
| 6/3/2025 | Price change | $1,795-3% |
Source: Zillow Rentals Report a problem | ||
| 5/15/2025 | Listed for rent | $1,850 |
Source: Zillow Rentals Report a problem | ||
| 6/27/2024 | Sold | $750,000-6.2%$164/sqft |
Source:  NGLRMLS #1921613 Report a problem | ||
| 4/27/2024 | Listed for sale | $799,900$175/sqft |
Source: NGLRMLS #1921613 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,293 +5.7% | $365,500 +12.1% |
| 2024 | $6,899 +5% | $326,100 +21% |
| 2023 | $6,570 +3.5% | $269,400 +8.2% |
| 2022 | $6,349 +1.6% | $249,000 +19% |
| 2021 | $6,247 +0.5% | $209,200 -0.1% |
| 2020 | $6,218 | $209,400 +13.9% |
| 2019 | $6,218 +2.4% | $183,900 +6.4% |
| 2018 | $6,070 | $172,800 +2% |
| 2017 | -- | $169,400 +1.7% |
| 2016 | -- | $166,600 +2.1% |
| 2014 | -- | $163,200 -8% |
| 2011 | -- | $177,440 -2.4% |
| 2010 | -- | $181,830 -0.6% |
| 2009 | -- | $182,920 -10.6% |
| 2008 | -- | $204,690 |
Find assessor info on the county website
Neighborhood: 49696
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Nearby schools
GreatSchools rating
- 7/10Courtade Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 7/10East Middle SchoolGrades: 6-8Distance: 2.3 mi
- 7/10Central High SchoolGrades: 8-12Distance: 5.7 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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$856,500
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- Michigan
- Grand Traverse County
- Traverse City
- 49696
- 3482 Mahoney Dr
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