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431 Madison St, 
Petoskey, MI 49770

$399,900


5

Beds


2

Baths


2,461

Sq Ft


Single Family

Active

Listed by

Clinton Shuman

Real Estate One

231-347-6200

Last updated:

September 8, 2026, 03:30 PM

MLS#

478568

Source:

MI NMMLS

About This Home

431 Madison St

Located in the heart of Petoskey, this versatile in-town home offers an exceptional location directly across the street from McLaren Northern Michigan Hospital and just a short distance from downtown Petoskey’s shopping, restaurants, and the scenic Bear River Walkway. Currently utilized as a two-unit rental, the property provides numerous possibilities—continue its income-producing use, or easily convert it back to a single-family residence with the added bonus of separate living quarters above the garage. The home has seen many recent improvements, including a new roof on the main house approximately five years ago, brand-new windows throughout the main house, and a newly rebuilt front porch that adds to its curb appeal. Above the garage, a newly renovated one-bedroom, one-bath apartment offers excellent flexibility, whether used as a rental for additional income or as comfortable guest accommodations. With its prime location, recent updates, and flexible layout, this property presents a rare opportunity to own a home that can adapt to a variety of living or investment needs in one of Petoskey’s most convenient neighborhoods.

Home Facts

Single Family

2 Baths

5 Bedrooms

Built in 1950

Price Summary

399,900

$162 per Sq. Ft.

MLS #:

478568

Last Updated:

September 8, 2026, 03:30 PM

Added:

7 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

5

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

2,461 Sq. Ft.


Structure

Structure

Building Area:

2,461 Sq. Ft.

Year Built:

1950


Finances & Disclosures

Finances

Price:

$399,900

Price per Sq. Ft:

$162 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. © 2026 Northern Michigan Mls All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.