509 Rose Street
Traverse City, Michigan 49686
2
Bed
2
Bath
977Sqft
0.05Acre(Lot)
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,
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedrooms: 2Bathroom Information
Total Baths: 2 Full Baths: 2 -
Room Information
Total Rooms: 6Interior Features
Appliances: Dishwasher,Microwave,Oven,Range/Stove,Refrigerator -
Heating & Cooling
Heating: Wall Furnace Heating Fuel: Natural Gas
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Building Information
Year Built: 1896 Building Stories: 2 Story Architecture: Duplex -
Exterior Features
Construction: Vinyl -
Utility Features
Sewer: Shared Septic (Common) -
Water
Public (Municipal)
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Lot Information
Lot Size: 0.05 Lot Dimensions: 40x50 Lot Features: Corner Lot -
Property Information
SQ ft: 977 Subdivision: na Financing: Cash,Conventional
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Listing Price Information
Original List Price: $440,000 -
Listing Information
Possession: At Close Legal Description: S 40 FT OF LOT 18 OAK HTS ADD
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Tax Information
Parcel Number: 285177802100 -
Possession
At Close -
Legal Information
Legal Description: Section: S 40 FT OF LOT 18 OAK HTS ADD
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School Information
School District: Traverse City -
Utility Information
Water: Public (Municipal) Sewer: Shared Septic (Common)
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 4353 N Spider Lake Road , Traverse City, MI, 49686 | $419,000 | 1 | 1 | 3,966 | 3,966 SqFt |
| 3390 Epps Lane , Traverse City, MI, 49686 | $850,000 | 7 | 4 | 2,226 | 2,226 SqFt |
| 3896 Falling Leaf Trail , Traverse City, MI, 49686 | $390,000 | 2 | 1 | 1,024 | 1,024 SqFt |
| 3888 Falling Leaf Trail , Traverse City, MI, 49686 | $385,000 | 2 | 1 | 960 | 960 SqFt |
| 3878 Falling Leaf Trail , Traverse City, MI, 49686 | $385,000 | 2 | 1 | 960 | 960 SqFt |
| 2675 Windcrest Lane , Traverse City, MI, 49686 | $419,000 | 3 | 2 | 1,691 | 1,691 SqFt |
| 3176 Winchester Drive , Traverse City, MI, 49686 | $649,000 | 5 | 3.5 | 2,545 | 2,545 SqFt |
| 3494 Village Circle Dri.., Traverse City, MI, 49686 | $949,000 | 4 | 4.5 | 2,010 | 2,010 SqFt |
| 3080 Winchester Drive , Traverse City, MI, 49686 | $785,400 | 3 | 3 | 1,632 | 1,632 SqFt |
| 3062 Winchester Drive , Traverse City, MI, 49686 | $849,900 | 4 | 2.5 | 2,566 | 2,566 SqFt |
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ByOwner last updated this listing 06/18/2026 @ 08:51
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