Excellent investment opportunity — a fully occupied 6-unit apartment complex ideally located directly across from McLaren Hospital and just minutes from Downtown Cheboygan. The property totals approximately 7,500 SF on 2.5 ± acres and consists of three 3-bedroom / 1.5-bath units and three 2-bedroom / 1.5-bath units, all currently leased month-to-month. Each unit offers two private parking spaces, a semi-private backyard area, and a dedicated storage shed. Currently offered at an approximate 8.35% CAP rate, with value-add potential through future development of the property’s excess acreage. Don’t miss this opportunity to invest in one of Cheboygan’s best-located multifamily assets.
Sold for $499,000
$499,000
726 S Huron St, Cheboygan, MI 49721
15beds
10baths
7,500sqft
Multi Family
Built in 1960
-- sqft lot
$522,500 Zestimate®
$67/sqft
$1,320 Estimated rent
Home value
$522,500
Estimated sales range
Not available
$1,320/mo
Zestimate® history
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$3,117/mo
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List your homeWhat's special
Semi-private backyard areaPrivate parking spaces
Zillow last checked:
Listing updated:
Listed by:
Alex MacKenzie Cell:231-499-0529,
Coldwell Banker Schmidt Traverse City 231-922-2350
Bought with:
Non Member Office
NON-MLS MEMBER OFFICE
Source: NGLRMLS,MLS#: 1939804
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 15
- Bathrooms: 10
Heating
- Baseboard
Cooling
- Electric
Appliances
- Included: Refrigerator, Oven/Range, Washer, Dryer
Features
- Other, Cable TV, High Speed Internet
- Has fireplace: Yes
- Fireplace features: Other
Interior area
- Total structure area: 7,500
- Total interior livable area: 7,500 sqft
Property
Parking
- Parking features: None
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Exterior features: Other
- Waterfront features: None
Lot
- Size: 2.5 Acres
Details
- Additional structures: Shed(s)
- Parcel number: 055G1700101900
- Zoning description: Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Frame, Vinyl Siding, Brick
- Foundation: Slab
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1960
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: None
- Subdivision: N/A
Location
- Region: Cheboygan
Financial & listing details
- Price per square foot: $67/sqft
- Tax assessed value: $130,292
- Price range: $499K - $499K
- Date on market: 10/22/2025
- Cumulative days on market: 58 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Conventional,Cash,1031 Exchange,Other
- Ownership type: Private Owner
- Lease term: Month To Month
Price history
| Date | Event | Price |
|---|---|---|
| 12/19/2025 | Sold | $499,000$67/sqft |
Source:  NGLRMLS #1939804 Report a problem | ||
| 10/22/2025 | Listed for sale | $499,000-23.2%$67/sqft |
Source: NGLRMLS #1939804 Report a problem | ||
| 7/30/2022 | Listing removed | -- |
Source:  WWMLS #201816831 Report a problem | ||
| 1/25/2022 | Listed for sale | $650,000$87/sqft |
Source: WWMLS #201816831 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 49721
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Nearby schools
GreatSchools rating
- 7/10Cheboygan Intermediate SchoolGrades: 3-5Distance: 0.6 mi
- 6/10Cheboygan Area High SchoolGrades: 8-12Distance: 0.5 mi
- NACheboygan Middle SchoolGrades: 4-12Distance: 0.6 mi
Schools provided by the listing agent
- District: Cheboygan 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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- Michigan
- Cheboygan County
- Cheboygan
- 49721
- 726 S Huron St
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