Sold
Last Sold Price
687 sqft

3835 Silver Lake Road, Traverse City, MI 49684

Multi FamilyProperty Type
2.1 acresLot Size
1987Year Built
$1,499/sq ftPrice per sq ft

Description

Sixteen unit apartment complex (4-four plexes) on Silver Lake Road close to everything. Complex is showing a cash flow and the units are all rented at this time. Give us a call to discuss the financials.Sixteen unit apartment complex (4-four plexes) on Silver Lake Road close to everything. Complex is showing a cash flow and the units are all rented at this time. Give us a call to discuss the financials.
  • Listed by: James Schmuckal 231.620.2260 jim@schmuckalrealtor.com • All Non Member Activity
Listing closed: 01/30/2006 12:00 AM • Source: Realcomp, MLS#: 78001330802
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Recent comparable sales

Median sold price

$330,000

Avg days on market

39

Sale-to-list ratio

93.3%

Traverse City, MI

9 comparable properties found

$280,000 | 204 South Division Street, Traverse City, MI 49684
1/27
1

$280,000

Sold 08/05/25

Unavailable
Bedrooms
Unavailable
Bathrooms
645
Square Feet
0.25
Acres
$915,000 | 641 East Eighth Street, Traverse City, MI 49686
1/64
2

$915,000

Sold 12/29/25

Unavailable
Bedrooms
Unavailable
Bathrooms
1,137
Square Feet
0.38
Acres
$220,000 | 1638-1640 South Garfield Avenue, Traverse City, MI 49686
1/27
3

$220,000

Sold 03/02/26

Unavailable
Bedrooms
Unavailable
Bathrooms
780
Square Feet
0.35
Acres
$270,000 | 3862 Brook Drive, Traverse City, MI 49684
1/42
4

$270,000

Sold 11/12/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.19
Acres
$330,000 | 205 West Fourteenth Street, Traverse City, MI 49684
1/33
5

$330,000

Sold 05/23/25

Unavailable
Bedrooms
Unavailable
Bathrooms
898
Square Feet
0.34
Acres
$330,000 | 205 West Fourteenth Street, Unit 1 & 2, Traverse City, MI 49684
1/33
6

$330,000

Sold 05/23/25

Unavailable
Bedrooms
Unavailable
Bathrooms
898
Square Feet
0.34
Acres
$405,000 | 310 South Division Street, Traverse City, MI 49684
1/25
7

$405,000

Sold 02/12/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.17
Acres
$437,500 | 517 South Oak Street, Traverse City, MI 49684
1/53
8

$437,500

Sold 06/01/26

Unavailable
Bedrooms
Unavailable
Bathrooms
405
Square Feet
0.1
Acres
$575,250 | 135 East Ninth Street, Unit A B & C, Traverse City, MI 49684
1/41
9

$575,250

Sold 03/28/25

Unavailable
Bedrooms
Unavailable
Bathrooms
959
Square Feet
0.19
Acres

Location

Listing Courtesy of All Non Member Activity

Sold By All Non Member Activity

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Payment Calculator

$6,357 per month

30 year fixed, 7.03% Interest

Principal and Interest

$5,499

Property Taxes

$858

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.
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Property Information for 3835 Silver Lake Road

Property Details

  • MLS Type: Residential Income / Multi Family
  • Subdivision Name: HEARTHSIDE ACRES
  • Zoning Description: Multi Family

Building Information

  • Residences: 16
  • Year Built: 1987
  • Lot Size: 2.10 AC / 91,476 SF

Summary

Location and General Information
  • Latitude: 44.738466
  • Longitude: -85.657228
  • MLS Area Major: Area28041Garfield Twp
Taxes and HOA
  • Parcel Number: 280514000100
School Information
  • High School District: Traverse City
Parking
  • Parking Features: Carport

Property

Lot Information
  • Lot Size Acres: 2.1
  • Lot Size Dimensions: 225x390+-
Property and Assessments
  • Living Area: 687.0
  • Above Grade Finished Area: 687.0
  • Above Grade Finished Area Units: Square Feet
  • Class Name: Residential Income
  • Year Built: 1987

Interior and Exterior Features

Interior Features
  • Appliances: Dishwasher, Oven, Refrigerator, Range
  • Has Cooling: No
  • Heating: Hot Water, Natural Gas, Steam
  • Has Heating: Yes

Multi Family

Multi Family Information
  • Number of Units Total: 16

Unit Information

Unit 1
  • Total Rent: $658.00
  • Type: Unknown Data Share

Agent

Sale and Listings
  • Public GLR Website: Yes

Rental

Rent Information
  • Lease Terms Available: Months13to24, Other
  • Rent Includes: Heat

Property History for 3835 Silver Lake Road

DateEvent & SourcePriceAppreciation
Jan 30, 2006

Sold

Realcomp #78001330802

$1,030,000—
Jan 30, 2006

Contract Signed

Realcomp #78001330802

—
Sep 9, 2005

Listed (Active)

Realcomp #78001330802

$1,159,000—
DateEvent & SourcePrice
01/30/2006

Sold

Realcomp #78001330802

$1,030,000
01/30/2006

Contract Signed

Realcomp #78001330802

—
09/09/2005

Listed (Active)

Realcomp #78001330802

$1,159,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public records

3835 Silver Lake Road

Total Finished SqFt

3,104 SqFt

Above Grade Finished SqFt

3,104 SqFt

Stories

1

Lot Size

22,956 SqFt

Style

Miscellaneous Commercial

Year Built

1988

Schools near 3835 Silver Lake Road

This home is within Traverse City Area Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 8
Rating
School
Distance
Willow Hill Elementary School
PublicPK to 5

West Middle School
Public6 to 8

West Senior High
Public9 to 12

Tcaps Montessori School
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 3835 Silver Lake Road, Traverse City, MI 49684
$1,030,000
–
–
687
91,476
$2,100,000
–
–
700
92,347
–
–
–
3,104
22,259
$274,000
–
–
–
20,473
–
–
–
5,616
83,548
$70,000
–
–
–
121,967

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of All Non Member Activity

IDX provided courtesy of Realcomp II Ltd. via Compass and its related brokerages. Copyright 2026 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The data relating to real estate properties on this website was last updated on 02/29/2024 02:08 AM PST