Sold
12218 7th Street, Bear Lake, MI 49614
Sold on 04/15/2026 for$235,000
MLS # 26007850 (Michigan Regional Information Center (MichRIC))
2 unitsBuilt 19920.67 acres
1 / 44
Listing Description
Charming Bear Lake duplex with solid income potential! This cute, clean property features two well-kept 2-bedroom, 1-bath units, each with its own garage and laundry. Currently bringing in $1,800 per month total ($900 per unit), it's a great opportunity for an investor or owner-occupant looking for steady cash flow in a desirable lakeside community. Tidy, functional, and easy to love — this is a smart addition to any portfolio. Property functions on private well and septic with natural gas furnace for each unit. Both units have individual gas and electric meters to keep utilities separate. Great location only short walk to Bear Lake and many of the town's conveniences; Bear Lake School, Library and Post Office. Purchase as your primary and use the income from other unit as your own to finance or make easy conversion to 4 bedroom home for your future living needs.
Source: SparkMLS
About this home
Final sale price: $235,000.
Property tax estimate: $2,130 per year ($178/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Consumers Energy Company; natural gas by Superior Energy Company.
Listing Property Details
Property TypeMulti Family
Property Subtype2 to 4 Units
Bathrooms0
Lot Size0.67 acres
Year Built1992
Location
CityBear Lake
MunicipalityBear Lake Twp
Zip Code49614
CountyManistee
School DistrictBear Lake
Construction & Systems
ConstructionVinyl Siding
BasementCrawl Space
HeatingForced Air
WaterWell
SewerSeptic Tank
UtilitiesPhone Connected, Natural Gas Connected, Electricity Connected
Sale & Financing
Listed3/2/2026
Sold Date4/14/2026
Terms AcceptedVA Loan, Rural Development, MSHDA, FHA, Cash, 2nd Mortgage, Conventional
Source: SparkMLS
Tax Information
Annual Tax$2,130
Tax Year2025
State Equalized Value$107,700
Taxable Value$47,759
Assessed Value$46,504
Parcel #02-641-734-30
Source: Public Records
Legal Description
WILDWOOD LOTS 5, 7 & 8 & N 26 FT OF LOTS 9 & 10 BLOCK 19. SALE(76) 3344 0770 (93) 20 1584 0318, 5 1584 0319 (96) 3631 0051 (98) 3683 0039 (00) 800 4741 0163 (02) 3785 0055 (09) QC 2009R005108
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Jenna Mahoney
Essential Real Estate
Frequently Asked Questions about 12218 7th Street, Bear Lake, MI 49614
Which school district serves 12218 7th Street, Bear Lake, MI 49614?
Per MLS# 26007850, 12218 7th Street, Bear Lake, MI 49614 is in the Bear Lake boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Bear Lake directly to confirm enrollment eligibility.
What financing options are available for 12218 7th Street, Bear Lake, MI 49614?
Per MLS# 26007850, this listing accepts VA Loan, Rural Development, MSHDA, FHA, Cash, 2nd Mortgage, Conventional financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 12218 7th Street, Bear Lake, MI 49614?
Per public tax records, annual property taxes for this property are $2,130 (2025). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 12218 7th Street, Bear Lake, MI 49614 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 12218 7th Street, Bear Lake, MI 49614 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 12218 7th Street, Bear Lake, MI 49614?
Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: Superior Energy Company. Sewer: Septic Tank. Water: Well. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the Bear Lake Twp police department or the Manistee County sheriff's office.
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Monthly payment$1,524
Principal & interest$1,524
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Consumers Energy Company
Investor-Owned
Superior Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
12218 7th Street, Bear Lake, MI 49614
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