For sale

$849,000

1627 Rasho Rd, Traverse City, MI 49696

--beds

--baths

5,008sqft

$5,761/mo

Get pre-qualified

Multi Family

Built in 1980

-- sqft lot

$798,100 Zestimate^®

$170/sqft

$-- HOA

What's special

Large lawn bordering woodsExterior paintNew water heatersCommon laundryAdjacent deck areaNew flooring

Updated 4-unit property on the east side of Traverse City near Timber Ridge. 1627 Rasho Rd features three 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, with shared front/rear entry and common laundry. Major 2023/2024 improvements include new flooring, countertops, appliances, lighting, paint, HVAC units, 3 new water heaters, exterior paint, and a new roof in February 2024. Detached 5-stall garage, adjacent deck area, and large lawn bordering woods. Gross monthly income of $6,814 includes rent, pet rent, and trash fees.

158 days
151
19

Facts & features

Interior

Heating

Forced Air, Natural Gas

Appliances

Included: Refrigerator, Oven/Range, Dishwasher, Microwave, Washer, Dryer
Laundry: Laundry Hook-up

Features

Drywall, Cable TV, High Speed Internet
Basement: Full
Has fireplace: No
Fireplace features: None

Interior area

Total structure area: 5,008
Total interior livable area: 5,008 sqft

Property

Parking

Parking features: Garage
Has garage: Yes

Accessibility

Accessibility features: None

Features

Levels: Two
Stories: 2
Patio & porch: Deck
Has view: Yes
View description: Countryside View
Waterfront features: None

Lot

Size: 1.1 Acres
Dimensions: 176.7 x 271.80
Features: Landscaped

Details

Additional structures: None
Parcel number: 0338600100
Zoning description: Residential,Multi-Family

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Materials

Frame, Vinyl Siding
Foundation: Wood
Roof: Asphalt

Condition

New construction: No
Year built: 1980

Utilities & green energy

Sewer: Private Sewer
Water: Private

Community & HOA

Community

Features: None, Pets Allowed
Subdivision: 1627 Rasho Rd

Location

Region: Traverse City

Financial & listing details

Price per square foot: $170/sqft
Tax assessed value: $259,399
Annual tax amount: $11,308
Price range: $849K - $849K
Date on market: 4/23/2026
Cumulative days on market: 159 days
Listing agreement: Exclusive Right To Sell
Listing terms: Conventional,Cash
Ownership type: Private Owner
Lease term: 12 Months,Other

Estimated market value

$798,100

$758,000 - $838,000

$1,989/mo

Price history

Date	Event	Price
4/23/2026	Listed for sale	$849,000+9%$170/sqft
Source: NGLRMLS #1944133 Report a problem
10/5/2024	Listing removed	$1,500
Source: Zillow Rentals Report a problem
9/9/2024	Listed for rent	$1,500
Source: Zillow Rentals Report a problem
8/9/2024	Listing removed	--
Source: NGLRMLS #1922894 Report a problem
7/18/2024	Price change	$779,000-2.5%$156/sqft
Source: NGLRMLS #1922894 Report a problem
5/30/2024	Listed for sale	$799,000-1.4%$160/sqft
Source: NGLRMLS #1922894 Report a problem
4/26/2024	Listing removed	$810,000$162/sqft
Source: NGLRMLS #1918844 Report a problem
2/19/2024	Listing removed	--
Source: Zillow Rentals Report a problem
2/16/2024	Price change	$810,000-1.8%$162/sqft
Source: NGLRMLS #1918844 Report a problem
1/25/2024	Listed for sale	$825,000+54.2%$165/sqft
Source: NGLRMLS #1918844 Report a problem
1/5/2024	Listed for rent	$1,500
Source: Zillow Rentals Report a problem
7/20/2023	Sold	$535,000-14.4%$107/sqft
Source: NGLRMLS #1911389 Report a problem
5/24/2023	Listed for sale	$625,000$125/sqft
Source: NGLRMLS #1911389 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$11,308 +51.3%	$275,700 +9.6%
2024	$7,473 +51.7%	$251,600 +50.3%
2023	$4,927 +3.5%	$167,400 +13.2%
2022	$4,761 +1.6%	$147,900 +9%
2021	$4,685 +0.5%	$135,700 -11.5%
2020	$4,663	$153,300 -3.6%
2019	$4,663 +2.4%	$159,000 +24.2%
2018	$4,552	$128,000 +4.1%
2017	--	$123,000 +2.2%
2016	--	$120,400 +25.2%
2014	--	$96,200 -25.9%
2011	--	$129,820 -3.8%
2009	--	$134,960 -1%
2008	--	$136,280