Property Details

431 Madison St, Petoskey

Listing Details

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 Petoskey’s shopping, restaurants, and the scenic Bear River Walkway. Currently utilized as a two-unit rental, the property provides numerous possibilities—continue 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 Petoskey’s most convenient neighborhoods.

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431 Madison St
Petoskey MI, 49770

$399,900

  • Bedrooms 5
  • Bathrooms 2 (2/ 0H)
  • Square Ft 2,461
  • School District Petoskey
  • County Emmet
  • Water View No
  • Waterfront No
  • Type Residential
  • Zoning RM-2
  • Year Build 1950
  • Garage Detatched
  • Garage Capacity Two
  • Water City
  • roof Asphalt Shingle
  • water heater Electric
  • sewer City
  • heat Natural Gas, Forced Air
  • Features Cable, Deck, Dryer, Range, Refrigerator
  • Construction Wood Frame/ Site Built
  • Basement Michigan
  • Listing Courtesy of Real Estate One

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