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138 E Sheridan Street, 
Petoskey, MI 49770

$875,000

—

Bed

—

Bath

3,600

Sq Ft

Multi-Family

Active

Listed by

Christopher Skrobeck

, 

Jazmin Harris

Van Treese Management LLC.

231-347-3943

Last updated:

December 19, 2025, 04:14 PM

MLS#

478380

Source:

MI NMMLS

About This Home

138 E Sheridan Street

Well-located 5-unit close to downtown and services. Four units renovated (new electric, drywall, flooring); two new water-heater pumps; parking lot sealed/striped; roof ~5 years old. In-place rent ~$8,100/mo with a mix of renovated and durable finishes. City utilities. Large lot with on-site parking and green space. Attractive cash flow today with upside on future turns and light exterior enhancements.

Home Facts

Multi-Family

Price Summary

875,000

$243 per Sq. Ft.

MLS #:

478380

Last Updated:

December 19, 2025, 04:14 PM

Rooms & Interior

Interior

Living Area:

3,600 Sq. Ft.

Structure

Structure

Building Area:

3,600 Sq. Ft.

Lot

Lot Size (Sq. Ft):

13,503

Finances & Disclosures

Finances

Price:

$875,000

Price per Sq. Ft:

$243 per Sq. Ft.

Source:MI NMMLS
The information being provided by Northern Michigan Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Northern Michigan Mls All rights reserved.

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