517 S Oak Street, Traverse City, MI 49684

• 4 baths |
• 2,158 sqft

Property Description

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.

Listing Status:

Active

Data Last Updated:

April 18, 2026 at 4:07PM

Listing Office:

Coldwell Banker Schmidt Traverse City : 231-922-2350

Listing Agent:

Sarah Bailey : 231-360-1099

MLS ID:

1942885

Interior

• General: None
• Appliances: RefrigeratorOven/RangeFreezer
• Basement: Michigan Basement
• Heating: Wall FurnaceNatural Gas
• Fireplace: None
• Disability Feature: None

Exterior

• General: SidewalkShed(s)
• Parking: None

Construction

• Roofing: Other
• General: FrameVinyl Siding2

Location

• Road/Access: Concrete
• HOA Amenities: Annually
• Originating MLS: NGLRMLS API
• School District: Traverse City Area Public Schools
• County: Grand Traverse

Lot

• Zoning: N 50 FT OF LOTS 41-42 & N 50 FT OF W 12 FT OF LOT 40 BLOCK 5 PERRY HANNAH'S 1ST ADD

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: NGLRMLS API
• Ownership: Private Owner