About This Home

This 4-bedroom, 2-bathroom multi-family at 513 Liberty St in Petoskey, MI is listed for $340,000 ($187 per sqft). the home offers 1,816 sqft of living space on a N/A lot.

Property Details

2 full
Listing Description

Investment opportunity in the heart of Petoskey! This well-located duplex offers an exceptional opportunity to own an income-producing property in one of Northern Michigan's strongest rental markets. Conveniently positioned between downtown Petoskey, the waterfront, McLaren Northern Michigan Hospital, and the Bear River Valley Recreation Area, the location provides lasting appeal for both tenants and investors.

The property features two separate units, including a spacious three-bedroom main-level apartment and a remodeled one-bedroom upper unit, creating multiple rental options and flexibility for future ownership. A one-car garage and additional off-street parking add convenience for residents.

With Northern Michigan's continued demand for quality housing, this duplex is well-positioned for long-term rental success. Investors may choose to lease both units traditionally, while the proximity to McLaren Northern Michigan Hospital also presents an attractive opportunity for furnished mid-term housing geared toward traveling healthcare professionals and other temporary workforce housing needs.

Whether you're adding to your portfolio or purchasing your first multi-family investment, 513 Liberty Street offers location, flexibility, and strong income potential in one of Petoskey's most sought-after neighborhoods.

Monthly Cost Estimate

$1,818/mo

20% down · 6.5% · 30 years

Principal$246
Interest$1,473
Insurance$99

Estimates only. Actual payments may vary.

Location

513 Liberty St

Petoskey, MI 49770

Property Details

Construction

Wood Frame

Heating

Natural Gas

Questions & Answers

This 4-bedroom, 2-bathroom multi-family at 513 Liberty St is listed at $340,000 ($187/sqft). The estimated monthly payment is $1,818 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

This property is listed by Atty Belanger.

AB

Atty Belanger

Agent at RE/MAX Resort Properties

Listed by RE/MAX Resort Properties · Broker phone: (231) 582-2400 · View on Broker Site · Broker website

MLS# 480227· Source: Northern Michigan MLS· 6 days on PropertySimple

Copyright © 2026 Northern Michigan MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

513 Liberty St, Petoskey, MI 49770

Open this listing in: