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USAMITraverse CityN/a509 Rose St
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509 Rose St, Traverse City, MI

House

For Sale

Listed price in listed location currency (USD).
$440,000

220

MLS® 1946364

  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 977 sqft
Garage 
Taxes 
Days Active 0
Lot Size 
Approx. Age 1896
Avg. Price Per Sqft $450
MLS® Number 1946364

Property Address: 509 Rose St, Traverse City, MI, 49686-3301

Average square foot calculated using Size range provided by listing agent.

Description

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 2019. This property works two ways: run both units as short-term rentals for maximum cash flow, or house hack by living in one unit while offsetting your mortgage with the other. Peak season nightly rates regularly exceed $300 per unit, with strong shoulder-season performance as well. The permits are active, the units are furnished, and the guests are already coming. Full-service property manager in place for a true turn-key opportunity. Walking distance to downtown restaurants, breweries, and the waterfront. Near Potter's Bakery, Oakwood Proper, and Common Good Bakery.
MLS® Number1946364
Laundry Level
Central VacNo
FireplaceYes
Acreage
Exterior
Garage
Approx. Age1896
BasementExterior Entry
DrivewayGravel, Private, Shared Driveway, Alley Access
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 10, 2026List Date
$440,000List Price

Home Estimate Zoopraisal®

This property is estimated to sell between: $376,000 and $472,000.
Similar properties in this area sold on average for: $376,312
Expected to sell in 6 days. Similar properties sold in 6 days. This home has been on Zoocasa for 0 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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Starting Address
Destination Address
509 Rose St, Traverse City, MI

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