Excellent income opportunity in downtown Traverse City. Located in the NoBo (North of Boardman River) neighborhood, this property is comprised of 3 units all with a solid rental history. Flexible D-2 zoning allows for C2 Commercial and additional uses including up to 20 unit lodging facility with 25% of the units as short-term rentals with township approval. Turn this back into a single family residence, live in one unit and rent the other two, or keep it as turn key investment. Many possibilities in an area that is exploding with tourism, growth, & gentrification. A 100% walkability score makes this a highly desirable location. West Grand Traverse Bay beaches, TART Recreation Trail, Boardman River & Lake, public library, shops & restaurants all in the neighborhood.
Sold for $463,500
$463,500
526 E 8th St, Traverse City, MI 49686
6beds
3baths
2,346sqft
Multi Family
Built in 1896
-- sqft lot
$555,700 Zestimate®
$198/sqft
$1,596 Estimated rent
Home value
$555,700
$511,000 - $606,000
$1,596/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Mark Hagan 231-929-7985,
Coldwell Banker Schmidt Traver 231-922-2350
Bought with:
Sally Roeser, 6501391540
Key Realty One-TC
Source: NGLRMLS,MLS#: 1918583
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
Heating
- Baseboard, Natural Gas
Appliances
- Included: Refrigerator, Oven/Range, Washer, Dryer
- Laundry: Laundry Hook-up
Features
- Drywall, Cable TV, High Speed Internet, DSL, WiFi
- Flooring: Hardwood
- Basement: Partial,Crawl Space
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 2,346
- Total interior livable area: 2,346 sqft
Property
Parking
- Parking features: None
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Exterior features: Sidewalk
- Waterfront features: None
Lot
- Size: 7,840 sqft
- Dimensions: 165 x 50
- Features: Landscaped
Details
- Additional structures: Shed(s)
- Parcel number: 5163401100
- Zoning description: Residential,Multi-Family,Commercial,Building-Use Restrictions,Rental History
- Other equipment: Dish TV, TV Antenna
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Victorian
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Frame, Vinyl Siding
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1896
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Green energy
- Energy efficient items: Not Applicable
- Water conservation: Not Applicable
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Community
- Community features: None
Location
- Region: Traverse City
- Subdivision: Hannah Lay & Co's 5th Add
HOA & financial
Other financial information
- Total actual rent: 3550
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Price range: $463.5K - $463.5K
- Listing terms: Conventional,Cash
- Ownership type: Private Owner
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 4/16/2026 | Listing removed | $1,450$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/10/2026 | Listed for rent | $1,450+32.4%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/30/2025 | Listing removed | $1,095 |
Source: Zillow Rentals Report a problem | ||
| 9/25/2025 | Listed for rent | $1,095-27% |
Source: Zillow Rentals Report a problem | ||
| 9/13/2025 | Listing removed | $435,000$185/sqft |
Source:  NGLRMLS #1932546 Report a problem | ||
| 8/13/2025 | Price change | $435,000-2.2%$185/sqft |
Source: NGLRMLS #1932546 Report a problem | ||
| 7/14/2025 | Price change | $445,000-6.3%$190/sqft |
Source: NGLRMLS #1932546 Report a problem | ||
| 6/3/2025 | Price change | $475,000-3%$202/sqft |
Source: NGLRMLS #1932546 Report a problem | ||
| 5/12/2025 | Price change | $489,900-2%$209/sqft |
Source: NGLRMLS #1932546 Report a problem | ||
| 4/17/2025 | Listed for sale | $499,900+7.9%$213/sqft |
Source: NGLRMLS #1932546 Report a problem | ||
| 6/1/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 5/4/2024 | Listed for rent | $1,500$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/13/2024 | Sold | $463,500-6.8%$198/sqft |
Source: NGLRMLS #1918583 Report a problem | ||
| 1/9/2024 | Listed for sale | $497,500+121.1%$212/sqft |
Source: NGLRMLS #1918583 Report a problem | ||
| 12/27/2019 | Sold | $225,000+38.9%$96/sqft |
Source: Agent Provided Report a problem | ||
| 11/18/2003 | Sold | $161,950$69/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,898 +6.7% | $302,600 +18.2% |
| 2024 | $6,465 +4.8% | $256,000 +8.1% |
| 2023 | $6,169 +2.5% | $236,800 +67.1% |
| 2022 | $6,020 +1.1% | $141,700 +16.2% |
| 2021 | $5,954 +43.5% | $121,900 +13.4% |
| 2020 | $4,150 | $107,500 +10% |
| 2019 | $4,150 +2.2% | $97,700 +0.7% |
| 2018 | $4,061 | $97,000 +1.3% |
| 2017 | -- | $95,800 +6.1% |
| 2016 | -- | $90,300 +7.6% |
| 2014 | -- | $83,900 +26.5% |
| 2012 | -- | $66,300 -9.8% |
| 2011 | -- | $73,500 -6.8% |
| 2010 | -- | $78,900 -7.4% |
| 2009 | -- | $85,200 +0% |
| 2008 | -- | $85,160 +0.3% |
| 2007 | -- | $84,930 +16.4% |
| 2005 | -- | $72,980 +11.3% |
| 2004 | -- | $65,600 +2.1% |
| 2003 | -- | $64,250 +7.9% |
| 2002 | -- | $59,550 +10.2% |
| 2001 | -- | $54,030 +8.5% |
| 2000 | -- | $49,800 |
Find assessor info on the county website
Neighborhood: 49686
Nearby schools
GreatSchools rating
- 7/10Eastern Elementary SchoolGrades: PK-5Distance: 1.5 mi
- 7/10Central High SchoolGrades: 8-12Distance: 1.3 mi
- 7/10East Middle SchoolGrades: 6-8Distance: 4.4 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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- Michigan
- Grand Traverse County
- Traverse City
- 49686
- 526 E 8th St
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