Investment Opportunity in the Heart of Downtown Traverse City. This 1,428-square-foot home sits on 0.09 acres along the highly desirable Eighth Street corridor, within walking distance to downtown shopping, restaurants, beaches, parks and trails. Currently configured as two long-term rental units, each apartment offers it's own kitchen and living room plus 2 bedrooms and 1 bathroom. The property is fully leased, and the current tenants would like to remain in place, providing immediate rental income for an investor seeking a stable, as-is opportunity. The property has been priced to reflect its condition and offers tremendous upside for buyers looking to renovate or redevelop. D-2 Zoning offers long-term rentals, short-term rentals or commercial. Unlock the potential with its flexible zoning and prime location, this property offers numerous possibilities. Please review list in associated documents. Whether you're an investor, developer, or someone looking for a downtown renovation project, this property offers the rare combination of current income, future potential and an outstanding location. Seller is a licensed Real Estate Broker in the State of Michigan.
Sold for $325,000
Zillow last checked:
Listing updated:
Bought with:
Melanie Schaub, 6506049594
Schaub Team Premier Realty
Source: NGLRMLS,MLS#: 1948200
Price history
| Date | Event | Price |
|---|---|---|
| 8/11/2026 | Sold | $325,000-7.1%$228/sqft |
Source:  NGLRMLS #1948200 Report a problem | ||
| 8/6/2026 | Pending sale | $350,000$245/sqft |
Source: NGLRMLS #1948200 Report a problem | ||
| 7/20/2026 | Listed for sale | $350,000+191.7%$245/sqft |
Source: NGLRMLS #1948200 Report a problem | ||
| 1/1/2003 | Sold | $120,000$84/sqft |
Source: Agent Provided Report a problem | ||
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$325,000
2% more
+$6,500
With Zillow Showcase(estimated)
$331,500
