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Excellent Investment Opportunity at the Base of Old Mission $550,000

316 Huron St, Traverse City, MI 49686

6 br, 3.0 ba, 1937 2636 sf
Grand Traverse County
Ad #: 7815272

Home For Sale near Grand Traverse Bay - East Arm

Excellent Investment Opportunity at the Base of Old Mission Peninsula! This well-maintained duplex offers outstanding income potential with a proven rental history and current gross rental income of $4,790 per month. The property features three income-producing units, providing flexibility for investors or those seeking an owner-occupied opportunity. The duplex can also be converted back to a single-family home. Unit A (Main Level) offers 3 bedrooms, 1 bath, and an attached two-car garage. Unit B (Upper Level) features 2 bedrooms, 1 bath, in-unit laundry, and a private deck. A separate, non-conforming Cottage (Unit C) includes 1 bedroom and 1 bath, creating an additional income stream. Ideally located in one of Traverse City's most desirable in-town neighborhoods at the base of Old Mission Peninsula, the property is just two blocks from East Bay Beach, with convenient access to Northern Michigan College, Eastern Elementary, Central High School, downtown Traverse City, shopping, restaurants, beaches, and the TART Trail. Whether you're looking to expand your investment portfolio or convert the duplex back to a single-family home, this is an exceptional opportunity in a highly sought-after location.

Property Details

  • Beds: 6
  • Baths: 3.0
  • Sq Feet: 2636
  • Year Built: 1937
  • Location: Grand Traverse Bay - East Arm
  • Acres: 0.340
  • County: Grand Traverse County
  • Siding: Block
  • Roof: Asphalt
  • Stories: 2
  • MLS #: 1947705

Location

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Contact Information:

Contact Agent
Listing Agent: Jennifer Gaston, Re/max Bayshore Properties, 231-941-5600, 231-941-5600 Listing Site, Listing Status: Active
Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Ad Statistics:

Lake Home For Sale in Traverse City, Michigan
Ad Number : 7815272
Viewed: 18 times
Added: Jul 07, 2026
Updated on: Jul 07, 2026
All information provided is deemed reliable but is not guaranteed and should be independently verified.