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431 Madison St, Petoskey, MI 49770 (Sold on )

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 $399,900

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  • 5 BedBeds
  • 2 BathBaths
  • 2,461 SqftSqft
  • TypeSingle Family
  • Active
  • MLS# 478568

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Property Description

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 Petoskeys shopping, restaurants, and the scenic Bear River Walkway. Currently utilized as a two-unit rental, the property provides numerous possibilitiescontinue 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 Petoskeys most convenient neighborhoods.


Harbor Springs

Harbor Springs

102 E. Main St.
Harbor Springs MI 49740 View Website
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Phone (231) 526-9800
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Property Details 431 Madison St, Petoskey, MI 49770

General

  • MLS#: 478568
  • Property Type: Single Family
  • Property Sub Type: Residential
  • List Date: 01/16/2026
  • Year Built: 1950
  • Area: Petoskey
  • Township: Petoskey City
  • County: Emmet
  • Beds: 5
  • Full Bath: 2
  • Total Baths: 2

Interior Features

  • Interior Features: Cable, Deck, Dryer, Range, Refrigerator

Schools

  • School District: 33

Structure

  • Construction Type: Wood Frame/Site Built
  • Garage Spaces: Two
  • Roof: Asphalt Shingle

Size & Lot

  • Sq.Ft.: 2,461
  • Approx. Lot Dimensions: 50X150
  • Water Front/Water Access: Neither

Utilities

  • Sewer: City
  • Water: City
  • Heat: Natural Gas, Forced Air
  • Water Heater: Electric

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