509 Rose ST, Traverse City, MI 49686
509 Rose ST, Traverse City, MI 49686
509 Rose ST, Traverse City, MI 49686
509 Rose ST, Traverse City, MI 49686
509 Rose ST, Traverse City, MI 49686
509 Rose ST, Traverse City, MI 49686
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
John Patrick McCabe

John Patrick McCabe

+1(313) 801-6090
$ 440,000
Est. payment | /mo

2 Beds

2 Baths

977 SqFt

Save
$ 440,000
Est. payment | /mo
Save

2 Beds

2 Baths

977 SqFt

Key Details

Property Type Single Family Home

Sub Type SingleFamilyResidence

Listing Status Active

Purchase Type For Sale

Square Footage 977 sqft

Price per Sqft $450

Subdivision Na

MLS Listing ID 78080069457

Style Duplex

Bedrooms 2

Full Baths 2

Year Built 1896

Lot Size 2,178 Sqft

Acres 0.05

Property Sub-Type SingleFamilyResidence

Property 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.

Location

State MI

County Grand Traverse

Area Area28042Traversecity

Rooms

Basement Exterior Entry

8.0*12.0 LivingRoom

6.0*10.0 Kitchen

Main Level, 10.0*8.0 Bedroom1

Interior

Heating Natural Gas, Wall Furnace

Fireplace No

Exterior

View Y/N No

Building

Lot Description CornerLot

Foundation Stone

Sewer Shared Septic

Water Public

New Construction No

Schools

School District Traverse City

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Realcomp MLS
©2026 Realcomp II Ltd. Shareholders
Listed by Troy Daily of REMAX Bayshore - Union St TC
John Patrick McCabe

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(313) 801-6090

johnpatrick.mccabe11@gmail.com

306 S Washington Ave, Royal Oak, MI, 48067, USA

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from JPM Realty, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

509 Rose ST