Nestled in the heart of downtown Petoskey, this beautifully maintained home blends timeless charm with incredible flexibility. Whether you're searching for a spacious single-family residence or a home with built-in rental income potential, this property delivers. Inside, you'll find gleaming hardwood floors, a generous kitchen that flows seamlessly into an oversized dining area—perfect for gatherings—and a spacious living room anchored by a wood-burning fireplace with exquisite antique detailing. A lovely staircase leads to the second floor, adding character and grace to the home’s layout. Natural light pours through newer windows, creating a warm, inviting atmosphere throughout. The home features two primary suites, an attached two-car garage, a nicely sized yard, and a thoughtful floor plan that offers exceptional versatility. With a simple turn of a key, the second floor can function as a separate apartment, complete with its own sunny living room, efficient kitchen, and second-floor laundry. Whether you choose to enjoy the entire home or live on one level while renting the other, this is downtown living with flexibility and charm—just blocks from shops, dining, and everything Petoskey has to offer.