Positioned just blocks from vibrant downtown Petoskey, this fully occupied triplex offers immediate rental income and strong multi-family investment potential in the heart of the Little Traverse Bay area. Sitting on a deep residential parcel, the property features a total of 5 bedrooms, 3 bathrooms, and approximately 2,352 gross square feet across three distinct living spaces.
For sale
Price cut: $10K (11/6)
$440,000
423 Pearl St, Petoskey, MI 49770
5beds
2,352sqft
SingleFamily
Built in ----
-- sqft lot
$422,500 Zestimate®
$187/sqft
$-- HOA
What's special
Deep residential parcelThree distinct living spaces
- 40 days
- 645
- 34
Zillow last checked:
Listing updated:
Listed by:
Jazmin M Harris,
Van Treese Management LLC
Source: Northern Michigan MLS,MLS#: 480969
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Interior area
- Total interior livable area: 2,352 sqft
Property
Parking
- Parking features: No Garage Or Carport
Details
- Parcel number: 521905302004
Construction
Type & style
- Home type: SingleFamily
Materials
- Wood Frame/Site Built
Community & HOA
HOA
- Has HOA: No
Location
- Region: Petoskey
Financial & listing details
- Price per square foot: $187/sqft
- Tax assessed value: $201,000
- Annual tax amount: $7,236
- Date on market: 10/6/2026
Estimated market value
$422,500
$401,000 - $444,000
$3,278/mo
Price history
| Date | Event | Price |
|---|---|---|
| 11/6/2026 | Price change | $440,000-2.2%$187/sqft |
Source:  Northern Michigan MLS #480969 Report a problem | ||
| 10/6/2026 | Listed for sale | $450,000+136.8%$191/sqft |
Source: Northern Michigan MLS #480969 Report a problem | ||
| 3/20/2025 | Listing removed | $1,000 |
Source: Northern Michigan MLS #475921 Report a problem | ||
| 3/10/2025 | Listed for rent | $1,000 |
Source: Northern Michigan MLS #475921 Report a problem | ||
| 3/9/2024 | Listing removed | -- |
Source: Northern Michigan MLS #473205 Report a problem | ||
| 3/7/2024 | Listed for rent | $1,000 |
Source: Northern Michigan MLS #473205 Report a problem | ||
| 5/11/2023 | Listing removed | -- |
Source: Northern Michigan MLS #470897 Report a problem | ||
| 5/3/2023 | Listed for rent | $1,000 |
Source: Northern Michigan MLS #470897 Report a problem | ||
| 10/1/2021 | Sold | $190,000$81/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $7,236 +2.1% | $201,000 +13.4% |
| 2025 | $7,089 | $177,300 +68.1% |
| 2021 | -- | $105,500 +28.5% |
| 2020 | -- | $82,100 +2% |
| 2019 | -- | $80,500 +5.8% |
| 2018 | -- | $76,100 +7.8% |
| 2017 | -- | $70,600 +11% |
| 2016 | -- | $63,600 +3.9% |
| 2015 | -- | $61,200 +22.4% |
| 2014 | -- | $50,000 -5.1% |
| 2013 | -- | $52,700 +1.9% |
| 2012 | -- | $51,700 -12.8% |
| 2011 | -- | $59,300 +16.3% |
| 2010 | -- | $51,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 49770
Nearby schools
Schools provided by the listing agent
- District: Petoskey
Source: Northern Michigan MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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