138 E Sheridan Street
Petoskey, MI 49770
$875,000 - Status: Active
MLS# 26003305
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.
Property Features
MLS#: 26003305
Zip: 49770
Subdivision:
Development: Petoskey City
Property Type: Multi Unit - Multiple
Number of Units: 5
Basement: Michigan Basement
Cooling: None
Days on Site: 96
Heating: Forced Air
Lot Size: 3.43 acres
Roof Type: Composition
Taxes: $12,200
Year Built: 1900
Feature Descriptions
Exterior: Vinyl Siding
Laundry: Common Area, Laundry Closet
Lot Dimensions: 153x82.5
Owner Pays: Trash Collection, Electricity, Water, Sewer, Gas
Parcel Number: 52-19-06-477-001
Parking Total: 8
Road Surface: Paved
Sewer: Public Sewer
Sub Type: 5+ Units
Tenant Pays: None
Units: 5
Utilities: Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected
Local Schools
School District: Petoskey
Listed By / Shown By
Listed By
Agency Name: Van Treese Management LLC
Agency Phone: 231-373-7921
Agent Name: Christopher Skrobeck
Shown By
Agency Title: Coldwell Banker 1st Choice
Agency Phone: (219) 324-2121
 | The property comes from the Member MLS's of the Michigan Regional Information Center, LLC (MichRIC). Copyright 2026 Michigan Regional Information Center, LLC (MichRIC). All rights reserved. Information deemed reliable, but not guaranteed. Data Last Updated 05/05/2026. |
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138 E Sheridan Street | MLS# 26003305
This multi-family property located at 138 E Sheridan Street, Petoskey, MI 49770 is currently listed for sale with an asking price of $875,000. E Sheridan Street is located within the Petoskey school district. Search Petoskey real estate on www.coldwellbanker1stchoice.com today.