The location of this duplex couldn't be better - walk to beaches and everything downtown Traverse City has to offer! This side-by-side duplex offers great curb appeal and was built as a duplex - not a converted single-family home. Each unit features a large living room, a foyer entrance at the front and a secondary entrance at the rear, 2 bedrooms, a full bath, built-in bookcases, and a full basement. Unit B also has charming arched doorways and a dining room. Parking is available off the alley and there is a garage used for storage.
For sale
Price cut: $35.9K (6/24)
$589,000
505 2nd St, Traverse City, MI 49684
4beds
2baths
2,503sqft
Multi Family
Built in 1885
-- sqft lot
$565,800 Zestimate®
$235/sqft
$-- HOA
What's special
Garage used for storageFull basementCharming arched doorwaysGreat curb appealDining roomBuilt-in bookcases
- 27 days |
- 1,862 |
- 121 |
Zillow last checked:
Listing updated:
Listed by:
Ben Street Cell:231-590-2198,
Coldwell Banker Schmidt Traverse City 231-922-2350
Source: NGLRMLS,MLS#: 1946291
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Gravity, Natural Gas
Appliances
- Included: Refrigerator, Oven/Range, Washer, Dryer
- Laundry: Laundry Hook-up
Features
- Pantry, Entrance Foyer, Bookcases, High Speed Internet, Cable TV
- Basement: Full
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 2,503
- Total interior livable area: 2,503 sqft
Property
Parking
- Parking features: Alley Access, Detached, Other
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Exterior features: None
- Waterfront features: None
Lot
- Size: 8,276 Square Feet
- Dimensions: 50 x 165
Details
- Additional structures: None
- Parcel number: 285163007100
- Zoning description: Residential
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: 1885
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: None
- Subdivision: Hannah Lay & Co's 4th Addition
Location
- Region: Traverse City
Financial & listing details
- Price per square foot: $235/sqft
- Tax assessed value: $164,765
- Annual tax amount: $8,646
- Price range: $589K - $589K
- Date on market: 6/8/2026
- Cumulative days on market: 28 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Conventional,Cash
- Ownership type: Private Owner
- Lease term: Month To Month
- Total actual rent: 2750
- Road surface type: Asphalt
Estimated market value
$565,800
$538,000 - $594,000
$2,341/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/24/2026 | Price change | $589,000-5.7%$235/sqft |
Source:  NGLRMLS #1946291 Report a problem | ||
| 6/8/2026 | Listed for sale | $624,900$250/sqft |
Source: NGLRMLS #1946291 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,646 +6.7% | $258,000 +12.1% |
| 2024 | $8,104 +4.8% | $230,100 +18.2% |
| 2023 | $7,732 +2.5% | $194,700 +1% |
| 2022 | $7,546 +0.9% | $192,800 +5.5% |
| 2021 | $7,479 +1.1% | $182,700 +3.8% |
| 2020 | $7,401 | $176,000 +6% |
| 2019 | $7,401 +0.6% | $166,000 +1.1% |
| 2018 | $7,355 | $164,200 +4.5% |
| 2017 | -- | $157,100 +2.7% |
| 2016 | -- | $153,000 +15.7% |
| 2014 | -- | $132,200 +6.4% |
| 2012 | -- | $124,300 -3.3% |
| 2011 | -- | $128,600 +1.7% |
| 2010 | -- | $126,400 -5.3% |
| 2009 | -- | $133,500 -0.8% |
| 2008 | -- | $134,550 +2.8% |
| 2007 | -- | $130,890 +31.9% |
| 2005 | -- | $99,250 +2.4% |
| 2004 | -- | $96,900 +0.8% |
| 2003 | -- | $96,120 +53.5% |
| 2002 | -- | $62,610 +4.7% |
| 2001 | -- | $59,800 +1.4% |
| 2000 | -- | $58,960 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 49684
Nearby schools
GreatSchools rating
- 8/10Central Grade SchoolGrades: PK-7Distance: 0.5 mi
- 7/10Central High SchoolGrades: 8-12Distance: 2.1 mi
- 7/10East Middle SchoolGrades: 6-8Distance: 5.4 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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A local lender can help you make sure your offer is ready when you are.
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