# 517 S OAK STREET, TRAVERSE CITY, MI 49684

> **TL;DR:** residential multi family, $450,000 ($209/sqft), built 1900, 2,158 sqft. Est. $1,950/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $450,000 |
| Price/sqft | $209 |
| Square Feet | 2,158 |
| Year Built | 1900 |
| Lot Size | 4,356 sqft (0.10 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,950 |
| **Total** | **$1,950** |

## Property Highlights

- Built in 1900
- 0.10 acre lot

## Description

### Agent 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.

## Location

- **Address:** 517 S OAK STREET, TRAVERSE CITY, MI 49684
- **County:** Grand Traverse County
- **Coordinates:** 44.7586225, -85.6303653
- **Google Maps:** https://www.google.com/maps?q=44.7586225,-85.6303653

## Listing Agent

- **Name:** Sarah Bailey
- **Brokerage:** Schmidt Realtors
- **Phone:** 2313601099
- **Email:** sarah.bailey@cbgreatlakes.com

## Primary Photo

![517 S OAK STREET - Primary Photo](http://lh.rdcpix.com/e3655c17e0e4587ab118420354fb8c5fl-f1566242652r.jpg)

*52 total photos available on [listing page](https://www.propertysimple.com/listing/517-s-oak-street-traverse-city-mi-49684-24359948)*

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**MLS#:** 1942885 | **Updated:** 2026-04-26
**Source:** listhub

*Copyright © 2026 Coldwell Banker Schmidt REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/517-s-oak-street-traverse-city-mi-49684-24359948)

---

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