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524 State Street, Petoskey, MI 49770

Petoskey
Local realty services provided by:CENTURY 21 Northland
524 State Street,Petoskey, MI 49770
$850,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: christopher skrobeck
Office: van treese management llc.
MLS#:26003300
Source:MI_MICHRIC

Price summary

  • Price:$850,000

About this home

Classic, well-maintained 6-unit multifamily in a walkable Petoskey neighborhood near downtown, schools, and employment. Mix of renovated units with durable finishes; exterior paint, porch rebuild, foundation work, breezeway update, and other recent upgrades. In-place rent ~$8,150/mo with stable tenancy. City utilities. Clean common areas, covered front porch, and landscaped grounds. Strong rental history with opportunity to continue interior refresh program and capture market rent on renewals/turns.

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Home facts

  • Year built:1900
  • Listing ID #:26003300
  • Added:91 day(s) ago
  • Updated:April 30, 2026 at 03:06 PM

Rooms and interior

  • Basement:Yes
  • Basement Description:Michigan Basement

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1900
  • Lot area:0.16 Acres
  • Construction Materials:Wood Siding

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$850,000
  • Tax amount:$15,500 (2024)

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