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524 State Street, 
Petoskey, MI 49770

$850,000


Bed


Bath


2,553

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#

478381

Source:

MI NMMLS

About This Home

524 State Street

Classic, well-maintained 6-unit multifamily in a walkable Petoskey neighborhood near downtown, schools, and employment. Mix of renovated units with durable finishes; exterior paint, porch rebuild, foundation work, breezeway update, and other recent upgrades. In-place rent ~$8,150/mo with stable tenancy. City utilities. Clean common areas, covered front porch, and landscaped grounds. Strong rental history with opportunity to continue interior refresh program and capture market rent on renewals/turns.

Home Facts

Multi-Family

Built in 1900

Price Summary

850,000

$332 per Sq. Ft.

MLS #:

478381

Last Updated:

December 19, 2025, 04:14 PM


Rooms & Interior

Interior

Living Area:

2,553 Sq. Ft.


Structure

Structure

Building Area:

2,553 Sq. Ft.

Year Built:

1900


Finances & Disclosures

Finances

Price:

$850,000

Price per Sq. Ft:

$332 per Sq. Ft.

Source:MI NMMLS
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