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Sold for $600,000
    • $600,000

    706 Forest Ave, Frankfort, MI 49635

    4beds
    2baths
    1,559sqft
    Multi Family
    Built in 1920
    -- sqft lot
    $603,200 Zestimate®
    $385/sqft
    $1,920 Estimated rent

    Home value

    $603,200

    Estimated sales range

    Not available

    $1,920/mo

    Zestimate® history
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    What's special

    Renovated duplex in a prime downtown Frankfort location just blocks from Lake Michigan, Betsie Bay, shopping, dining, and the attractions that make this area a strong draw for both year-round residents and visitors. With two separate 2-bedroom, 1-bath apartments, this property offers excellent flexibility for long-term rental income, short-term rental potential, or owner occupancy with added revenue from the second unit. Both units offer updated interiors with neutral finishes, new appliances, dishwashers, washers and dryers, air conditioning, and private entrances. The main floor unit includes a spacious kitchen, living area, and dining space, while the upper unit offers a full kitchen, dining space and comfortable living room. Functional layouts and modern updates help support rental appeal and ease of ownership. A turn-key option exists, making ownership easy! Strong rental history is available, making this a compelling opportunity for investors seeking an income-producing property in one of Northern Michigan’s most desirable lake-town markets. (Seller currently has two STR permits with the City of Frankfort -https://www.frankfortmich.com/how_do_i/learn_about/short_term_rentals.php for details or contact the City of Frankfort 231-352-7117)

    Zillow last checked:

    Listing updated:

    Listed by:

    Jon Zickert Home:231-631-1337,

    REO-TCBeulah-Frankfort-233027 231-882-4449

    Bought with:

    Hayden Bretzke, 6501428294

    REO-TCBeulah-Frankfort-233027

    Source: NGLRMLS,MLS#: 1942904MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    Heating
    • Hot Water, Baseboard, Natural Gas
    Cooling
    • Window Unit(s), Electric
    Appliances
    • Included: Refrigerator, Dishwasher, Microwave, Washer, Dryer, Electric Water Heater, Gas Water Heater
    Features
    • Solid Surface Counters, Cable TV, High Speed Internet
    • Windows: Blinds
    • Basement: Exterior Entry
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total structure area: 1,559
    • Total interior livable area: 1,559 sqft

    Property

    Parking
    • Parking features: None
    Accessibility
    • Accessibility features: None
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Deck, Covered
    • Has view: Yes
    • View description: Bay, Water
    • Has water view: Yes
    • Water view: Water,Bay
    Lot
    • Size: 7,405 Square Feet
    • Dimensions: 50 x 150 x 48 x 75 x 75
    • Features: Landscaped
    Details
    • Additional structures: None
    • Parcel number: 105101025200
    • Zoning description: Residential

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Frame, Vinyl Siding
    • Foundation: Block
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1920
    • Major remodel year: 2023

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: None
    • Subdivision: Town & Harbor Frankfort
    Location
    • Region: Frankfort

    Financial & listing details

    • Price per square foot: $385/sqft
    • Tax assessed value: $124,500
    • Annual tax amount: $7,057
    • Price range: $600K - $600K
    • Date on market: 3/12/2026
    • Cumulative days on market: 77 days
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Conventional,Cash
    • Ownership type: Private Owner
    • Lease term: Other
    • Road surface type: Asphalt

    Price history

    DateEventPrice
    5/28/2026Sold$600,000-1.6%$385/sqft
    Source: NGLRMLS #1942904 Report a problem
    5/20/2026Pending sale$610,000$391/sqft
    Source: NGLRMLS #1942907 Report a problem
    3/24/2026Contingent$610,000$391/sqft
    Source: MichRIC #26009446 Report a problem
    3/12/2026Listed for sale$610,000+393.9%$391/sqft
    Source: NGLRMLS #1942904 Report a problem
    3/23/2017Sold$123,500-14.8%$79/sqft
    Source: Agent Provided Report a problem
    6/18/2016Listed for sale$145,000+3.6%$93/sqft
    Source: RE/MAX BAYSHORE-BENZIE #1818664 Report a problem
    5/8/2013Listing removed$140,000$90/sqft
    Source: Real Estate One-beulah #1735703 Report a problem
    8/14/2012Price change$140,000-5.4%$90/sqft
    Source: Real Estate One-beulah #1735703 Report a problem
    7/19/2012Listed for sale$148,000+18.4%$95/sqft
    Source: Real Estate One-beulah #1735703 Report a problem
    4/1/2004Sold$125,000$80/sqft
    Source: Agent Provided Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$7,057 +6.7%$124,500 -2.7%
    2024$6,612 +3.8%$127,900 +3.8%
    2023$6,368 $123,200 -12%
    2022-- $140,000 +6.1%
    2021-- $132,000 +21.7%
    2020-- $108,500 +6.5%
    2019-- $101,900 +24.6%
    2018-- $81,800 -1.2%
    2017-- $82,800
    2016-- $82,800 +14.4%
    2011-- $72,400 +1%
    2010-- $71,700
    Find assessor info on the county website

    Neighborhood: 49635

    Nearby homes

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Frankfort Elementary School
    • Middle: Frankfort High School
    • High: Frankfort High School
    • District: Frankfort-Elberta Area 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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