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For sale
  • $320,000

    513 Liberty St, Petoskey, MI 49770

    4beds
    2baths
    1,816sqft
    : 
    $2,437/mo
    Get pre-qualified
    Duplex
    Built in ----
    -- sqft lot
    $-- Zestimate®
    $176/sqft
    $-- HOA

    What's special

    Additional off-street parkingOne-car garageSpacious three-bedroom main-level apartmentRemodeled one-bedroom upper unit
    Investment opportunity in the heart of Petoskey! This well-located duplex offers an exceptional opportunity to own an income-producing property in one of Northern Michigan's strongest rental markets. Conveniently positioned between downtown Petoskey, the waterfront, McLaren Northern Michigan Hospital, and the Bear River Valley Recreation Area, the location provides lasting appeal for both tenants and investors. The property features two separate units, including a spacious three-bedroom main-level apartment and a remodeled one-bedroom upper unit, creating multiple rental options and flexibility for future ownership. A one-car garage and additional off-street parking add convenience for residents. With Northern Michigan's continued demand for quality housing, this duplex is well-positioned for long-term rental success. Investors may choose to lease both units traditionally, while the proximity to McLaren Northern Michigan Hospital also presents an attractive opportunity for furnished mid-term housing geared toward traveling healthcare professionals and other temporary workforce housing needs. Whether you're adding to your portfolio or purchasing your first multi-family investment, 513 Liberty Street offers location, flexibility, and strong income potential in one of Petoskey's most sought-after neighborhoods.
    2 days
    480
    26

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Atty Belanger,

    @properties Christie's International Real Estate - Petoskey 231-881-9400

    Source: Northern Michigan MLS,MLS#: 481217MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 2
      Heating
      • Natural Gas, Forced Air
      Cooling
      • Wall Unit(s)
      Appliances
      • Included: Range, Refrigerator
      Features
      • Flooring: Wood
      • Basement: Partial,Crawl Space,Michigan
      • Common walls with other units/homes: 1+ Common Wall(s)
      Interior area
      • Total structure area: 1,816
      • Total interior livable area: 1,816 sqft

      Property

      Lot
      • Features: Paved
      Details
      • Parcel number: 521906202064

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Duplex

      Utilities & green energy

      • Sewer: City
      • Water: City

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Petoskey

      Financial & listing details

      • Price per square foot: $176/sqft
      • Tax assessed value: $208,300
      • Annual tax amount: $6,203
      • Date on market: 11/13/2026
      • Total actual rent: 2650

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,653/mo

        Price history

        DateEventPrice
        11/13/2026Listed for sale$320,000-5.9%$176/sqft
        Source: Northern Michigan MLS #481217 Report a problem
        11/1/2026Listing removed$340,000$187/sqft
        Source: Northern Michigan MLS #480828 Report a problem
        7/22/2026Listed for sale$340,000-2.9%$187/sqft
        Source: Northern Michigan MLS #480227 Report a problem
        5/1/2026Listing removed$350,000$193/sqft
        Source: Northern Michigan MLS #478181 Report a problem
        10/31/2025Listed for sale$350,000+52.2%$193/sqft
        Source: Northern Michigan MLS #478181 Report a problem
        6/2/2021Listing removed--
        Source: Northern Michigan MLS Report a problem
        5/6/2021Listed for sale$229,900+521.4%$127/sqft
        Source: Northern Michigan MLS #464984 Report a problem
        3/24/2010Sold$37,000-49.2%$20/sqft
        Source: Public Record Report a problem
        4/15/2009Sold$72,800$40/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2026$6,203 +2.1%$208,300 +20.1%
        2025$6,077 $173,500 +73.7%
        2021-- $99,900 +22.3%
        2020-- $81,700 +2.1%
        2019-- $80,000 +12%
        2018-- $71,400 +9.2%
        2017-- $65,400 +5.1%
        2016-- $62,200 +8.6%
        2015-- $57,300 +17.2%
        2014-- $48,900 -18%
        2013-- $59,600 +1.4%
        2012-- $58,800 -6.1%
        2011-- $62,600 +19.5%
        2010-- $52,400
        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.
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 49770

        Getting around

        76 / 100
        Very Walkable

        Nearby schools

        GreatSchools rating
        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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