Sold
517 S Oak Street, Traverse City, MI 49684
Sold on 06/01/2026 for$437,500
MLS # 1942885 (Northern Great Lakes REALTORS® MLS)
Built 19000.1 acres
1 / 52
Listing 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.
Source: SparkMLS
About this home
Located in Traverse City in Traverse City, this property offers 4-bath, with original construction dating to 1900.
Closed at $437,500.
Electric service is provided by Traverse City Light & Power; natural gas by DTE Gas Company.
Listing Property Details
Property TypeMulti Family
Bathrooms4
Lot Size0.1 acres
Year Built1900
Location
CityTraverse City
MunicipalityTraverse City
Zip Code49684
CountyGrand Traverse County
Construction & Systems
BasementMichigan Basement
HeatingWall Furnace
WaterPublic
SewerPublic
Sale & Financing
Listed3/10/2026
Sold Date5/31/2026
Original Price$475,000
Terms AcceptedCash, Conventional, FHA, Other
Source: SparkMLS
Property Records
USDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Sarah Bailey
Coldwell Banker Schmidt Traverse City
Frequently Asked Questions about 517 S Oak Street, Traverse City, MI 49684
What type of financing is accepted for this listing?
Per MLS# 1942885, the seller has indicated this property accepts the following financing types: Cash, Conventional, FHA, Other. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
Is 517 S Oak Street, Traverse City, MI 49684 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: Traverse City Light & Power. Gas: DTE Gas Company. Sewer: Public. Water: Public. Confirm service details directly with providers.
How safe is this area?
For crime and public safety data, we recommend inquiring directly with the Traverse City police department or the Grand Traverse County County sheriff's office.
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Monthly payment$2,919
Principal & interest$2,919
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Traverse City Light & Power
Municipal
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
517 S Oak Street, Traverse City, MI 49684
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Municipality
Traverse City
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