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Listed by Sarah Bailey with Coldwell Banker Schmidt Traverse City Listing Contact: 231-360-1099 
Sold

517 S Oak Street

517 S Oak Street, Traverse City, MI 49684

$437,500
Well-located fourplex just a short walk from all the shops, restaurants, and amenities of downtown Traverse City, making it a highly desirable location for both current and future tenants. Each of the four units features 1 bedroom and 1 bathroom, with two units on the main level and two on the upper level, all with private entrances. The property also offers a shared coin-operated laundry room in the basement for tenant convenience. Each unit is individually metered for gas and electric, providing the opportunity for a future owner to adjust utility responsibilities if desired. Each unit includes one parking space, and rents currently include utilities. Utilities currently paid by the landlord include: electricity, natural Gas / propane, water & sewer, trash collection, recycling. This is a strong opportunity to own a well-positioned multi-unit property in one of Traverse City's most walkable locations.

Studio

4
baths

2,158 Sq.Ft. LIVING AREA

4,356 Sq.Ft. lot

Features & Amenities

Interior

  • total bedrooms0
  • Total bathrooms4
  • Fireplace None
  • APPLIANCES Refrigerator, Oven/Range, Freezer
  • other interior Features None

Area & Lot

  • Status Sold
  • Date Sold June 1, 2026
  • Living Area2,158 Sq.Ft.
  • Lot Area4,356 Sq.Ft.
  • MLS® ID1942885
  • TypeMulti-Family
  • YEAR BUILT1900
  • NeighborhoodTraverse City
  • Water FrontageNone
  • School DistrictTraverse City Area Public Schools

Exterior

  • STORIES2
  • water SourcePublic
  • roofOther
  • parkingNone
  • HEAT TYPEWall Furnace, Natural Gas
  • sewerPublic Sewer
  • Disability FeaturesNone
  • other exterior FeaturesSidewalk

Financial

  • Sales Price$437,500

Traverse City

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Contact Details

The Shawn Schmidt Group

Phone

(231) 649-3137

Email

[email protected]

Address

402 East Front Street Traverse City, MI 49686

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