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.
For sale
$320,000
513 Liberty St, Petoskey, MI 49770
4beds
2baths
1,816sqft
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
- 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#: 481217
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
| Date | Event | Price |
|---|---|---|
| 11/13/2026 | Listed for sale | $320,000-5.9%$176/sqft |
Source: | ||
| 11/1/2026 | Listing removed | $340,000$187/sqft |
Source: | ||
| 7/22/2026 | Listed for sale | $340,000-2.9%$187/sqft |
Source: | ||
| 5/1/2026 | Listing removed | $350,000$193/sqft |
Source: | ||
| 10/31/2025 | Listed for sale | $350,000+52.2%$193/sqft |
Source: | ||
| 6/2/2021 | Listing removed | -- |
Source: | ||
| 5/6/2021 | Listed for sale | $229,900+521.4%$127/sqft |
Source: | ||
| 3/24/2010 | Sold | $37,000-49.2%$20/sqft |
Source: Public Record Report a problem | ||
| 4/15/2009 | Sold | $72,800$40/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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.Climate risks
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.







