$610,000
Frankfort, MI 49635
MLS# 26009446
1 / 48
Open House (03/14/2026 - 10:00 am - 11:30 am)
Property Description
Renovated duplex in a prime downtown Frankfort location just blocks from Lake Michigan, Betsie Bay, shopping, dining, and the attractions that make this area a strong draw for both year-round residents and visitors. With two separate 2-bedroom, 1-bath apartments, this property offers excellent flexibility for long-term rental income, short-term rental potential, or owner occupancy with added revenue from the second unit. Both units offer updated interiors with neutral finishes, new appliances, dishwashers, washers and dryers, air conditioning, and private entrances. The main floor unit includes a spacious kitchen, living area, and dining space, while the upper unit offers a full kitchen, dining space and comfortable living room. Functional layouts and modern updates help support rental appeal and ease of ownership. A turn-key option exists, making ownership easy!
Details
Maps
Documents
Location & Property Info
Cross Streets: M22
Property Sub-Type: 2 to 4 Units
Municipality: Frankfort
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 391.28
General Property Info
New Construction: No
Lot Dimensions: 50x150x48x75x75
Road Frontage: 48
Waterfront: No
Basement: Yes
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 1559
Total Parking Spaces: 4
School District: Frankfort
Lot Measurement: Acres
Lot Square Footage: 7405
Lot Acres: 0.17
Year Built: 1920
Tax Info
Taxable Value: 124500
SEV: 124500
For Tax Year: 2025
Seller's Annual Property Tax: 1234
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: None
Tax ID #: 51-010-252-00
Remarks & Misc
Public Remarks: Renovated duplex in a prime downtown Frankfort location just blocks from Lake Michigan, Betsie Bay, shopping, dining, and the attractions that make this area a strong draw for both year-round residents and visitors. With two separate 2-bedroom, 1-bath apartments, this property offers excellent flexibility for long-term rental income, short-term rental potential, or owner occupancy with added revenue from the second unit. Both units offer updated interiors with neutral finishes, new appliances, dishwashers, washers and dryers, air conditioning, and private entrances. The main floor unit includes a spacious kitchen, living area, and dining space, while the upper unit offers a full kitchen, dining space and comfortable living room. Functional layouts and modern updates help support rental appeal and ease of ownership. A turn-key option exists, making ownership easy!
Legal: LOT 7 BLK 22 EXC W 2 FT OF N 1/2 TOWN & HARBOR FRANKFORT P.A. 706 FOREST AVENUE 8/78 174/371 QC; 10/81 189/482 MLC; 216/107-109 WD; BP 3/87; 7/92 261/870 QC; 01/67 504/1019 DC; 04/04 504/1018 WD; 03/17 2017R-01186 WD; 08/17 2017R-03305 WD;
Lot Description
Level: 1
Sidewalk: 1
Street Type
Paved: 1
Public: 1
Util Avail at Street
Cable Available: 1
Electricity Available: 1
High Speed Internet: 1
Natural Gas Available: 1
Public Sewer: 1
Public Water: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
Laundry Features
In Unit: 1
Exterior Material
Vinyl Siding: 1
Roofing
Composition: 1
Heat Source
Electric: 1
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Baseboard: 1
Hot Water: 1
Air Conditioning
Window Unit(s): 1
Access Feat
Accessibility Features: No
Tenant Pays
None: 1
Driveway
Gravel: 1
Substructure
Partial: 1
Owner Pays
Electricity: 1
Gas: 1
Sewer: 1
Trash Collection: 1
Water: 1
Unit 1
Unit #: 1
Unit Description: Two Bedroom
SqFt: 853
Bedrooms: 1
Bathrooms: 2
Full Baths: 2
Unit 2
Unit #: 2
Unit Description: Two Bedroom Upper
SqFt: 706
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Possession
Negotiable: 1
Subject To Tenant Rights: 1
Location Property Info
County: Benzie
Street #: 706
Street Name: Forest
Suffix: Avenue
State: MI
Zip Code: 49635
Zip (4): 9041
OfficeContract Info
Status: Active
Current Price: $610,000
List Price: $610,000
Listing Date: 2026-03-12
Remarks Misc
Directions: Second house on the south side of Forest Ave, just before Seventh St., heading into downtown. Private parking available behind the home off of Anchor Place. Looks for real estate signs.
Property Features
Laundry Features: In Unit
Exterior Material: Vinyl Siding
Roofing: Composition
Substructure: Partial
Lot Description: Level; Sidewalk
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected
Util Avail at Street: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Public Sewer; Public Water
Owner Pays: Electricity; Gas; Sewer; Trash Collection; Water
Tenant Pays: None
Heat Source: Electric; Natural Gas
Heat Type: Baseboard; Hot Water
Air Conditioning: Window Unit(s)
Driveway: Gravel
Street Type: Paved; Public
Terms Available: Cash; Conventional
Possession: Negotiable; Subject To Tenant Rights
Sale Conditions: None
Supplements
Strong rental history is available, making this a compelling opportunity for investors seeking an income-producing property in one of Northern Michigan's most desirable lake-town markets. (Seller currently has two STR permits with the City of Frankfort -https://www.frankfortmich.com/how_do_i/learn_about/short_term_rentals.php for details or contact the City of Frankfort 231-352-7117)
SDS-LBP 
Listing Office: Real Estate One Beulah
Listing Agent: Jon M Zickert
Last Updated: March - 12 - 2026
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