145 E 8th St #109, Traverse City, MI, 49684
About This Home
Downtown Traverse City is at your doorstep with this well-appointed, income-producing condo. This main-floor, short-term rentable condo places you right in the heart of the city - steps from restaurants, shops, the waterfront, and endless seasonal events. Whether you’re seeking a steady income property, a vacation home, or a simple and convenient primary residence, this one checks all the boxes. Inside, the layout is bright and efficient, offering a comfortable living room, a well-appointed kitchen with stainless appliances and granite counters, and a spacious bedroom with a full bath. The convenience continues with in-unit laundry and true single-level living - no steps, no stairs, just easy movement throughout. While there is no on-site parking, the city’s parking deck is next door, making access simple. A rare opportunity to own a turn-key downtown condo with income potential and unbeatable walkability. If you’ve been waiting for the right downtown investment, this is it!
Getting Around
Walker's Paradise
Very Limited Transit
Biker's ParadiseSchools
Construction
Condition
- Year built: 2015
Materials
- Foundation: Slab
- Roof: Asphalt
- Construction materials: Frame,Vinyl Siding
Type & Style
- Home type: Condo
- Architectural style: Other
- Property subType: Condominium,Single Family Residence
Interior
Appliances
- Appliances included: Refrigerator,Oven/Range,Disposal,Dishwasher,Microwave,Washer,Dryer,Freezer,Gas Water Heater
- Laundry features: Main Level
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Features
- Granite Bath Tops,Granite Counters,Solid Surface Counters,Ceiling Fan(s),Cable TV,High Speed Internet,WiFi
- Window features: Drapes,Curtain Rods
- Flooring: Wood,Carpet
- Fireplace features: None
- Finished area below ground: 0
- Finished area above ground: 708
Heating & Cooling
- Heating features: Forced Air,Natural Gas
- Cooling features: Central Air
Interior Area
- Total structure area: 708
- Total interior livable area: 708 sqft
Kitchen
- Level: Main
- Area: 99.45
Living Room
- Level: Main
- Area: 125
Master Bathroom
- Features: None
Master Bedroom
- Level: Main
- Area: 147.6
Property
Accessibility
- Accessibility features: Main Floor Access,Accessible Entrance,Covered Entrance,Grip-Accessible Features,Handicap Access
Details
- Parcel number: 285161808709
- Attached to another structure: Yes
- Zoning description: Residential,Rental History
Features
- Entry location: No Steps,First Floor Level
- Exterior features: Sprinkler System,Sidewalk,Rain Gutters
- Waterfront features: Near Pub.Access w/in 500'
Lot
- Features: Level,Landscaped
Parking
- Parking features: None
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Winter Weather
- Lightning
- Strong Wind
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Grand Traverse County and Michigan
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,466 | $17,592 |
| Home Insurance * | $80 | $960 |
| Property Taxes | $203 | $2,436 |
| Electricity | $188 | $2,259 |
| Total | $1,937 | $23,244 |
Income You'd Need if You Spent...
Michigan FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-28 | Price change | $290,000 |
| 2025-11-29 | Listed for sale | $325,000 |
| 2023-11-02 | Listing removed | -- |
| 2021-11-01 | Sold | $325,000 |
| 2021-09-20 | Pending sale | $325,000 |
| 2021-03-24 | Listing removed | -- |
| 2018-10-13 | Sold | $234,000 |
| 2018-08-09 | Price change | $254,000 |
| 2018-07-06 | Listed for sale | $259,000 |
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