$539,900

baths

3,138

square ft

1055 E Front Street

Traverse City, Michigan 49686

New / MLS #1950164 / Multiple Unit (2-4) / Traverse City

Listing information updated 9/6/2026 at 6:03am

Turnkey Four-Unit Investment Set on a rare double lot (.19 acres) just off East Front Street's downtown-to-bay corridor, this four-unit property offers a strong income stream in one of Traverse City's most walkable, in-demand locations. Mature trees give the property a shaded, established feel just minutes from downtown shops, restaurants, and the East Bay waterfront. Three of the four units are currently leased, generating $3,425/month in combined rent; Unit 2 is available and listed at $1,750/month. Units 2 and 4 have been most recently updated, and Unit 3 includes its own washer and dryer. Each unit offers a private entryway and an efficient layout that appeals to a steady renter pool. This walk-everywhere location has a track record of long-term tenants. On-site parking for tenants is located in the rear of the building, off the alley. This is a compelling opportunity for an investor to step into immediate cash flow while retaining long-term upside through lease renewals and light updates.

Full Features

Architecture Style:

Victorian

Exterior Type:

Frame,Wood Siding

Basement:

Full,Finished Rooms,Exterior Entry,Egress Windows

Heating System:

Forced Air, Natural Gas

Appliances:

Refrigerator, Oven/Range, Microwave, Washer, Dryer, Exhaust Fan

Pool:

Age:

131 Years

Roof Type:

Asphalt

Parking Type:

Alley Access,None

Water Front:

Water Features:

Near Pub.Access w/in 500'

Square Feet:

3,138

Lot Size:

0.19 Acres

Acreage:

0.19

Taxes & Assessments

Tax Amount:

N/A

Tax Year:

N/A

Location

Zip Code:

49686

City:

Traverse City

County:

Grand Traverse

Schools

School District(s):

Traverse City Area Public Schools

Elementary School:

Eastern Elementary School

Middle School:

Traverse City East Middle School

High School:

Central High School

Architecture Style:

Victorian

Exterior Type:

Frame,Wood Siding

Basement:

Full,Finished Rooms,Exterior Entry,Egress Windows

Heating System:

Forced Air, Natural Gas

Appliances:

Refrigerator, Oven/Range, Microwave, Washer, Dryer, Exhaust Fan

Pool:

Age:

131 Years

Roof Type:

Asphalt

Parking Type:

Alley Access,None

Water Front:

Water Features:

Near Pub.Access w/in 500'

Square Feet:

3,138

Lot Size:

0.19 Acres

Acreage:

0.19

Tax Amount:

N/A

Tax Year:

N/A

Zip Code:

49686

City:

Traverse City

County:

Grand Traverse

School District(s):

Traverse City Area Public Schools

Elementary School:

Eastern Elementary School

Middle School:

Traverse City East Middle School

High School:

Central High School

Listing Agent: Erica Foerster

Listing Office: REO-TCFront-233021

Contact Information - Cell: 210-286-8954

Disclaimer: Based on information from the association of REALTORS® (alternatively, from the MLS) as of 9/6/2026 at 6:03am. IDX information is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.