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509 Rose #Lot: 18, Traverse City, MI 49686

Traverse City
Local realty services provided by:CENTURY 21 Realty North
509 Rose #Lot: 18,Traverse City, MI 49686
$389,000
  • 2 Beds
  • 2 Baths
  • 977 sq. ft.
  • Single family
  • Active
Listed by: troy daily
Office: remax bayshore - union st tc
MLS#:80069457
Source:MI_REALSOURCE

Price summary

  • Price:$389,000
  • Price per sq. ft.:$398.16

About this home

Rare opportunity to own a fully renovated, income-producing duplex in the heart of Traverse City, steps from downtown, fully furnished, and operating as a short-term rental since 2019. Both units are actively permitted and generating approximately $60,000 combined annually, with upside potential. Commercial zoning requires STR permits to remain active to preserve them both, making this a true turnkey investment with the infrastructure already in place. The lower unit offers 500 sq ft of thoughtfully designed living space with a 1 bedroom, 1 bath layout, fully equipped kitchen (stove/oven, dishwasher, microwave, refrigerator), king bed, and twin trundle beds sleeping up to 4 guests. The upper unit is 477 sq ft, also 1 bed/1 bath, with a kitchenette (no stove), queen bed, twin trundle beds, and the same modern mid-century aesthetic. Both units feature mini-split heating and cooling, flat-screen TVs, WiFi, and plush contemporary finishes throughout. The full renovation was completed in...

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Home facts

  • Year built:1896
  • Subdivision & Development:na
  • Listing ID #:80069457
  • Added:114 day(s) ago
  • Updated:September 30, 2026 at 11:46 AM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:2
  • Full bathrooms:2
  • Kitchen Description:Dishwasher, Microwave, Range/Oven, Refrigerator
  • Bedroom Description:Bedroom 1 on Main Level
  • Basement Description:Outside Entrance
  • Living area:977 sq. ft.

Heating and cooling

  • Heating:Natural Gas, Wall Heat

Structure and exterior

  • Year built:1896
  • Building area:977 sq. ft.
  • Lot area:0.05 Acres
  • Construction Materials:Vinyl Siding
  • Exterior Features:Sidewalks
  • Foundation Description:Stone
  • Levels:2 Story

Utilities

  • Water:Public Water
  • Sewer:Community

Finances and disclosures

  • Price:$389,000
  • Price per sq. ft.:$398.16

Features and amenities

  • Appliances:Dishwasher, Microwave, Range/Oven, Refrigerator
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